Banking and Finance

Here are the top business stories in Cyprus from the week starting October 7: Cyprus’ ambitions to transform itself into a tech hub are facing significant challenges, as tech firms warn ...

U.S. stock index futures edged lower on Friday, ahead of the third-quarter earnings season kickoff, after hotter-than-expected September inflation data solidified expectations for a 25-basis-point rate cut by the ...

Britain’s economy grew in August after two consecutive months of stagnation, providing some relief to finance minister Rachel Reeves ahead of the new Labour government’s first budget later ...

Spain’s largest fashion companies will start collecting discarded clothes from April next year as part of a voluntary pilot scheme to manage textile waste that anticipates EU regulations expected ...

IKEA annual sales fell 5% after the Swedish budget homeware retailer cut prices in a bid to attract more shoppers and maintain its share of a shrinking home furniture market, but ...

Some 400 women in shipping from 40 different countries are currently participating in the 50th Anniversary World Congress of the Women’s International Shipping and Trade Association (WISTA International), which began on ...

The biggest shareholder in Sainsbury’s, the Qatar Investment Authority (QIA), is selling 306 million pounds ($399 million) worth of shares in the British supermarket group, reducing its holding by about 5 per ...

The 7th annual ‘Young Entrepreneurship Awards’, organised by Cyprus Chamber of Commerce and Industry (Keve) with support from the Ministry of Energy, Commerce, and Industry and Hellenic Bank, celebrated young ...

The University of Cyprus’ Centre of Excellence “Koios” has launched the “SPARROW” (Solid Preparedness and Resilience for Robust Operations during disaster Wilderness) project, aaimed at enhanced disaster resilience for Europe. ...

Some 400 women in shipping from 40 different countries are participating in the 50th Anniversary World Congress of the Women’s International Shipping and Trade Association (WISTA International), which started on Thursday ...

CEO Elon Musk showcased on Thursday a long-awaited robotaxi with two gull-wing doors and no steering wheel or pedals and surprised with robovan, betting on a shift in focus from ...

The global economy could face losses of $14.5 trillion over a five-year period from a hypothetical geopolitical conflict which hits supply chains, insurance market Lloyd’s of London (SOLYD.UL) said ...

The Governor of the Central Bank of Cyprus (CBC), Christodoulos Patsalides, has called on banks to weigh both social considerations and the need to bolster the competitiveness of the economy ...

Britain’s housing market recovered further last month, according to property surveyors who said house prices, sales and enquiries rose, but pressure in the rental sector intensified as tenant demand ...

Admie, Greece-based Independent Power Transmission Operator, which is the project promoter of the Great Sea Interconnector that will end Cyprus’ energy isolation, is moving ahead with a similar project that ...

Labour Minister Yannis Panayiotou on Thursday spoke about the importance of digital and green skills in supporting Cyprus’ economic growth at a meeting of the Human Resources Development Authority’s (...

Cyprus’ trade deficit reached €4.98 billion in the January-August period, down 18.5 per cent compared to €6.12 billion in the same timeframe last year, according to a report by the Cyprus Statistical Service (...

By Rita Beyrouthy As the financial landscape evolves, with technology and digital finance shaping how investors access markets, it is important to focus on how these innovations can empower and ...

The European Central Bank (ECB) is “very likely” to reduce its interest rates next week, policymaker Francois Villeroy de Galhau said on Wednesday. “A cut is very likely and it ...

Governor of the Central Bank of Cyprus (CBC), Christodoulos Patsalides, has told banks to take into account both the social aspect and the enhancement of the competitiveness of the economy ...

The total number of registered motor vehicles in Cyprus rose by 13.2 per cent in the January-September 2024 period, reaching 38,819, compared to 34,280 during the same period last year. According to the Cyprus ...

Geopolitical risk premium gauges in the oil market have decreased slightly this week, following sharp increases last week in both Brent implied volatility and call options implied volatility skew, Goldman ...

Cyprus recently achieved international recognition by winning the “Destination Award” at the Routes World Airline Conference, held in Bahrain from October 6 to 8. As Cyprus’ reputation for excellence in air connectivity ...

AEGEAN Airlines carried over 12.5 million passengers in the first nine months of 2024, marking a 5 per cent increase compared to the previous year, the company said in a statement on Wednesday ...