#business

Cyprus’ long-standing ambition to transform into a year-round tourist destination is gradually taking shape, with recent developments indicating growing momentum as hotel operators and tourism authorities align behind a shared ...

PayPal (PYPL.O) said on Tuesday it entered into a deal with OpenAI that will allow ChatGPT users to buy products using the payment firm’s platform, sending its shares ...

Oracle CEO Mike Sicilia said on Tuesday that he is not concerned about an “AI bubble,” adding that there is real value in artificial intelligence as demand far outpaces supply. ...

The European Central Bank (ECB) announced this week that the net saving of the euro area economy increased in the four quarters leading up to the second quarter of 2025, while ...

Approximately four in ten (17.4 per cent) of all households in the EU experienced difficulty or great difficulty to make ends meet in 2024, according to a report from Eurostat. At the ...

Bank of America (BofA) Securities confirmed its positive stance on the Greek banking sector this week, stating the banks are undergoing a transitional period as markets focus on the trough ...

Foreign-controlled companies were responsible for the majority of Cyprus’ service exports to countries outside the European Union in 2023, according to new Eurostat data on services trade by enterprise characteristics (STEC). ...

Cyprus’ property market has entered 2025 with renewed confidence and a sense of maturity. What began as a post-pandemic recovery has evolved into a steady, data-driven expansion fuelled by foreign investment, ...

Euro area banks reported a small net tightening of credit standards for loans or credit lines to enterprises in the third quarter of 2025, with a net percentage of 4 per cent, ...

Median inflation expectations for the next 12 months decreased slightly in September compared with August 2025, according to the European Central Bank (ECB). Compared with the previous month, median consumer perceptions of ...

As Wall Street’s expectations have rapidly shifted toward an imminent end to the Federal Reserve’s effort to shrink its bond holdings, some analysts also anticipate a return to ...

Barclays will buy US personal loan originator Best Egg for $800 million, the British bank said on Tuesday, as it tries to add scale in its personal banking business in the ...

Britain’s financial markets watchdog on Tuesday confirmed that it will stop publishing the identity of stock market short sellers, as it set out details of a revised framework aimed ...

Amazon (AMZN.O) is planning to cut as many as 30,000 corporate jobs beginning yesterday, as the company pares expenses and compensates for overhiring during the peak demand of the pandemic, ...

British retailers cut their prices in October, led by the biggest drop for food in almost five years, industry figures showed, offering a bit of relief to households before Halloween ...

Oil prices fell 2 per cent on Tuesday, marking their third day of declines as investors assessed the effect of US sanctions on Russia’s two biggest oil companies along with ...

The Zubr Capital Young Hackathon brought together university students from across Cyprus for a one-day startup competition that focused on creating practical business solutions. The event, organised by investment firm ...

The Leptos Group is a leading organisation in land and building development and real estate, as well as travel and tourism, healthcare and education, with a success history of 65+ years. ...

The Women’s International Shipping and Trading Association (WISTA International) and BIMCO, the global trade association representing 64 per cent of the world’s tonnage, have signed a Memorandum of Understanding (...

Cyprus, one of Europe’s leading maritime nations, continues to strengthen its role in the continent’s decarbonisation drive, with Philippos Philis, CEO of Lemissoler Group and former president of ...

Paphos businesses expressed strong concern over bureaucracy, stalled development projects, and high energy costs at the annual general assembly of the Paphos Chamber of Commerce and Industry (Evel). During the ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides has called for an urgent and substantial reform of the bank’s governance model, arguing that the current structure is obsolete and ...

Cyprus’ property market has entered 2025 with renewed confidence and a sense of maturity. What began as a post-pandemic recovery has evolved into a steady, data-driven expansion fuelled by foreign investment, ...

Safe Bulkers Inc., the New York Stock Exchange-listed shipping company led by CEO Polys Hajioannou, held its 5th annual scholarship award ceremony last week, at its Limassol offices, reaffirming its ...