#business

Israel posted a budget deficit of 19.2 billion shekels ($5.2 billion) in December, the Finance Ministry said on Monday, citing high expenses to finance the wars with the Palestinian Islamist militant group ...

Large British businesses plan to cut hiring this year at the fastest pace since the COVID-19 pandemic and scale back investment due to big tax rises announced in the government’...

Investment bankers are gearing up for a pickup in dealmaking activity in global equity capital markets this year, buoyed by a promising pipeline of anticipated initial public offerings of several ...

Invest Cyprus issued a statement on Monday underscoring the significance of five strategic Memoranda of Understanding (MoUs) signed on January 8 at the Egyptian presidential palace in Cairo. These agreements were ...

Airbus (AIR.PA) delivered 766 jets in 2024 and looked certain to maintain leadership of the jetmaking industry for a sixth year as arch-rival Boeing (BA.N) recovers cautiously from a prolonged ...

The number of government employees in Cyprus has experienced an increase over recent years, according to a report released on Monday by the state’s statistical service. Specifically, the total ...

The number of short-term rental properties has seen significant growth across Cyprus, according to data shared with the House of Representatives by the Deputy Ministry of Tourism. Deputy Tourism Minister ...

Hellenic Bank on Monday announced the launch of a new mortgage product offering fixed interest rates. This has been rolled out alongside a new rewards programme that the bank described ...

The global semiconductor market is expected to grow by over 15 per cent in 2025, according to market intelligence firm IDC. IDC explained that this growth will largely be driven by the ...

The US PC market, excluding tablets, experienced a 7 per cent year-on-year growth in Q3 2024, with shipments reaching 17.9 million units, according to research from market analysts Canalys. Canalys said that this ...

Kyndryl, the world’s largest IT infrastructure services provider and actively present in Cyprus, this week announced the launch of The Kyndryl Institute. According to the announcement, the institute aims ...

Vehicle registrations in Cyprus rose by 9.1 per cent in 2024, reaching 49,616 compared to 45,494 in 2023, according to the state’s statistical service. Electric vehicles accounted for 4.0 per cent of registrations, up from 2.7 ...

The need for enhanced collaboration between public authorities and private enterprises was emphasised during the recently held ‘Beyond Sea & Sun’ conference. The event, organised by Hermes Airports with the ...

Two leading airlines, Wizz Air and Emirates, are offering employment opportunities in Cyprus, with open recruitment events scheduled this January for cabin crew positions. Wizz Air announced its Cabin Crew ...

The Housing Price Index (HPI) in Cyprus rose by 2.7 per cent in the third quarter of 2024, compared to the same period in 2023, marking the eleventh consecutive quarter of annual growth. ...

There is a favourable investment landscape for 2025, with expectations of growth and stability, according to two local experts. Spyros Ierides, CFA and fund management director at CISCO, and George Charalambous, ...

Mercedes-Benz’s (MBGn.DE) core car sales fell in 2024, a tough year for the auto industry marked by waning demand in a weak economy, especially in key market China, the ...

Shares in Britain’s Marks & Spencer and other retailers fell on January 9, with 2 billion pounds ($2.45 billion) wiped off the sector, as concern about ebbing consumer confidence and economic weakness ...

Here are the top business stories in Cyprus from the week starting January 7: The Cypriot property market demonstrated resilience in 2024, despite facing numerous challenges that are expected to persist into 2025. ...

By Miranda Xafa In an international environment of great turmoil and rapid change over the past year, Greece has stood out as a pole of political and economic stability in ...

The most destructive wildfires ever for Los Angeles may cause billions of dollars in insured losses, ratings agencies said this week, though many homes are likely uninsured. The wildfires burning ...

By Michael Timothy Bennett & Elija Perrier A new artificial intelligence (AI) model has just achieved human-level results on a test designed to measure “general intelligence”. On December 20, OpenAI’s ...

British households’ expectations for inflation rose in December, according to a survey that may add to concerns among investors about the slow pace of future interest rate cuts by the ...

Demetra Holdings shareholders have approved a resolution to sell the company’s shares in Hellenic Bank to Eurobank, according to an official statement released on Friday. The statement, which was ...