#business

A group of banks is in talks to lend another $38 billion for Oracle and data centre builder Vantage to fund further sites for OpenAI, the Financial Times reported on Friday, ...

The Foreign Exchange (Forex) market is a critical pillar of global finance, but its accessibility to retail investors has created a confusing landscape. For many Cypriots seeking to understand online ...

Alphabet’s Google on Friday dropped its EU antitrust complaint about rival Microsoft’s cloud computing practices, a week after EU regulators launched an investigation to see if Microsoft should ...

Black Friday, the post-Thanksgiving shopping frenzy that attracts throngs of bargain hunters to stores, faces a paradox this year: record crowds are expected, but consumers’ appetite to spend has dropped ...

Cyprus intensified preparations for its EU Council Presidency in 2026 as Interior Minister Constantinos Ioannou wrapped up meetings in Stockholm this week, focusing on housing policy and civil protection. Ioannou held ...

Cyprus recorded slightly higher-than-average levels of online shopping in 2024, according to Eurostat data published on Friday, with more than six in ten people aged 16–74 ordering goods or services over the ...

The Index of Industrial Output Prices in Cyprus for October 2025 stood at 122.7 units, using 2021 as the base year set at 100 units, according to the Statistical Service (Cystat). The index remained ...

Cyprus’ betting market continued to expand in the second quarter of 2025, with total gross revenue from Class A and Class B operators rising by 4 per cent year-on-year to €298.1 million, the ...

Valentina Rzheutskaya, Executive Director of the Limassol-headquartered fintech Capital.com, set out a clear call for ethical, people-centred artificial intelligence during her keynote address at The Economist’s 21st Annual ...

Cyprus approved a legal amendment this week to cut VAT on the construction and renovation of buildings used for exempt educational services, reducing the rate to 5 per cent from 19 per ...

Total deposits and loans recorded notable increases in October 2025, according to deposit and loan statistics released on Thursday by the Central Bank of Cyprus (CBC). The figures reflect the monthly ...

Cyprus’ decade-long economic rebound risks being overshadowed by a deepening housing crisis that is fast becoming a social issue with “increasingly larger dimensions”, the Cyprus Borrowers Association (Syprodat)  said in ...

Cyprus is moving ahead with the European Tourism Agenda 2030 through a series of targeted actions and incentives, Deputy Minister of Tourism Costas Koumis said at the Cyprus Tourist Enterprises (Stek) ...

Cyprus deepened its commercial ties with the United Arab Emirates this week as Energy Minister George Papanastasiou marked the launch of the Cyprus Business Council (CBC) in Dubai, describing it ...

Exness is joining forces with Nomad Bread & Coffee this Christmas to support the nonprofit organisation Little Heroes, as the two partners launch “Baked with Care”, a festive CSR initiative ...

Britain announced a new annual tax on homes worth more than 2 million pounds ($2.63 million), expected to raise 0.4 billion in 2029-30, according to estimates from the country’s budget watchdog published ...

The Foreign Exchange (Forex) market is a critical pillar of global finance, but its accessibility to retail investors has created a confusing landscape.  For many Cypriots seeking to understand online ...

Cyprus stepped up preparations for its EU Council Presidency as Finance Minister Makis Keravnos met this week with Salla Saastamoinen, deputy director-general of the European anti-fraud office (Olaf), to review ...

Demand for new homes could gradually recover next year, giving British homebuilders a much-needed boost, analysts and some investors said after finance minister Rachel Reeves’ budget cleared uncertainty that held ...

Meta Platforms on Wednesday hit out at EU antitrust regulators for what it said were “aberrant” requests for information during two investigations four years ago, underscoring the increasing pushback by ...

Toyota Motor said on Thursday its global production rose for a fifth consecutive month in October, lifted by strong U.S. demand for hybrid vehicles that offset weaker sales in ...

Europe has no shortage of gifted founders, curious researchers and determined innovators, even as the continent wrestles with how to close its innovation gap and sharpen its competitive edge. This ...

Cyprus’ hotel industry must shift its attention from headline arrival figures to the profitability that sustains investment and keeps units modern, hoteliers association (Pasyxe) president Thanos Michaelides said, as the ...

Cyprus’ Industrial Production Index reached 119.1 units in September 2025, using 2021 as the base year set at 100 units, according to the Statistical Service (Cystat). The index rose by 4.7 per cent compared with ...