#business

Eurozone firms were reporting improved business momentum in the weeks leading up to the Trump administration’s early April tariff announcement, mainly reflecting an incipient recovery in the industrial sector, ...

The International Monetary Fund (IMF) on Tuesday revised down its forecast for Cyprus’ economic growth, projecting a rate of 2.5 per cent of GDP in 2025. This is significantly lower than its ...

Cyprus recorded the second highest budget surplus among European Union member states in 2024, according to data released by Eurostat on Tuesday. The island tied with Ireland, with both countries reporting ...

Eurozone inflation could be a touch higher this year than earlier thought but will then stabilise at the European Central Bank’s 2 per cent target, the bank’s Survey of ...

The dollar marked a fresh low against the yen and hovered around multi-year lows versus the euro and the Swiss franc on Tuesday as President Donald Trump’s attacks on ...

Oil prices climbed on Tuesday as investors took advantage of the previous day’s losses to cover short positions, although concerns persisted over economic headwinds from tariffs and US monetary ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides has warned that the United States’ decision to impose high tariffs on imports globally is exacerbating international economic uncertainty, with potential medium-term ...

Plum CEO and founder Victor Trokoudes has welcomed the European Central Bank’s (ECB) decision to cut interest rates, calling it a “strong signal” that the bank is delivering on ...

Cyprus is seeing a strong flow of tourist arrivals this spring, with Paphos enjoying robust bookings from key foreign markets and a noticeable uptick in domestic travel over Holy Week. ...

Workplace equality, support for vulnerable groups, and social enterprises are becoming key priorities under ESG’s social pillar, according to Andreas Alexi of the Cyprus Chamber of Commerce and Industry (...

The federation of employers and industrialists (Oev), marking 65 years of activity in Cyprus, has long prioritised internationalisation as a strategic pillar for strengthening the competitiveness of local businesses. Specifically, Oev ...

Global hedge funds last week dumped the so-called Magnificent Seven megacap stocks, bringing their exposure to the group to a two-year low just ahead of their earnings, according to a ...

US multinational companies are extending their currency hedges to longer periods to shield their cash flows from potential exchange rate volatility triggered by the Trump administration’s tariff policies. The ...

Alphabet’s Google (GOOGL.O) needs strong measures imposed on it to prevent it from using its artificial intelligence products to extend its dominance in online search, a US Department ...

Tesla investors will be eager to ask CEO Elon Musk two pressing questions when the electric vehicle maker reports results on Tuesday: when will the affordable vehicle launch, and is ...

Saudi oil giant Aramco signed a joint development agreement with Chinese electric vehicle (EV) manufacturer BYD to explore collaboration in the development of new energy vehicle technologies, Aramco said on ...

Gulf issuers, including Saudi Arabia’s $925 billion sovereign wealth fund, are working on a round of bond offerings, according to sources, braving debt markets despite recent turmoil ignited by US ...

Turkey’s daily natural gas production at its flagship Sakarya field in the Black Sea has reached around 9.5 million cubic metres, Energy Minister Alparslan Bayraktar said, as the country ramps ...

Property values in London’s Canary Wharf financial district were roughly stable at about 6.8 billion pounds ($9 billion) last year, after declining by 15 per cent in 2023 after the pandemic drove down ...

The CEO of OVHCloud (OVH.PA), a leading European data centre provider that operates 43 facilities across four continents, said that global trade tensions were making European companies rethink their choice ...

EU-funded researchers have developed adaptable robots that could transform the way we recycle electronic waste, benefiting both the environment and the economy. By Kaja Šeruga Just outside the historic German ...

By George M. Georgiou “By spending more on defence, we will deliver the stability that underpins economic growth, and will unlock prosperity through new jobs, skills and opportunity across the ...

Swiss industrial group ABB (ABBN.S) has announced plans to spin off its robotics division in the biggest shake up at the company since it sold its power grids business ...

British lenders expect to see demand for mortgages level off in the months ahead after they reported an increase in early 2025, a Bank of England survey has shown. The measure ...