Business

Oil prices held steady on Monday as Middle East risks eased while a possible OPEC+ output increase in August and uncertainty over the global demand outlook weighed on the market. ...

The European Commission on Monday endorsed a positive preliminary assessment of Cyprus’ fourth payment request under the Recovery and Resilience Facility (RRF), the central pillar of the European Union’s ...

The Research and Innovation Foundation (RIF) on Monday launched a market sounding exercise to gauge interest in a potential new funding programme, ‘AI WAVE’, which is currently under consideration. The ...

Britain’s economy grew at its fastest pace in a year in the first three months of 2025 as homebuyers rushed to beat a deadline on property purchases and manufacturers sped ...

The Cyprus Stock Exchange (CSE) on Monday released a statement formally welcoming Eurobank Group’s intention to pursue a dual listing of its shares on the CSE. The CSE described ...

The system provides users with a basic cryptocurrency mining system which operates without technical requirements or equipment needs. The AIXA Miner platform provides a basic system which enables worldwide users ...

Cyprus posted a general government surplus of €551.2 million for the period of January to May 2025, representing 1.6 per cent of GDP, according to preliminary data released by the Statistical Service of ...

The Columbia Group is set to acquire the Secret Valley resort from Bank of Cyprus’ real estate management unit (REMU) in a deal valued at over €130 million, it emerged on ...

Cyprus ranked among the top household consumers in the EU, with per capita expenditure reaching 21,879 PPS in 2024, according to a recent Eurostat survey that compared household consumption across member states ...

Cyprus saw a sharp rise in the registration of saloon passenger cars in May 2025, with the figure reaching 3,715, up 11.7 per cent compared with May 2024. This was also notably higher than ...

Cyprus has been ranked among the 15 European countries most affected by digital payment fraud, despite recording one of the lowest overall loss totals and fraud case counts, according to new ...

Representing a deceased person for whose estate no administrator has been appointed, may be done through a limited grant. This could be for a limited duration and for a specific ...

Cyprus must urgently decouple renewable energy prices from volatile fossil fuel costs to ensure stability and fairness in its electricity market, according to energy systems expert and former Cyprus Energy ...

By Maria Demertzis Surging geopolitical risk and growing global conflicts, along with a concomitant search for economic security, are combining to challenge what has long been a pillar of the ...

Tesla (TSLA.O) finally has a robotaxi. Now comes the hard part. The electric-vehicle maker deployed its first-ever driverless cabs in Austin, Texas, on Sunday in a small-scale test of ...

Andy Russick, who sells canned fruit and tomatoes to top US grocers like Kroger (KR.N), hospitals and schools, shares the stated aim behind US President Donald Trump’s trade ...

Renewable energy developer Invenergy and social media giant Meta Platforms (META.O) have signed four deals to supply 791 megawatts (MW) more of solar and wind power to operate data centers, ...

PayPal has officially integrated its stablecoin, PYUSD, with the Stellar (XLM) blockchain. This step strengthens PayPal’s strategy to support faster and more cost-efficient payments using blockchain technology. Expanding beyond ...

Decentralized finance is making a strong comeback. In June, the total value locked (TVL) in DeFi lending protocols surged past $55 billion, marking an all-time high. This massive growth reflects a ...

Avalanche (AVAX) has recently announced the distribution of over $1.15 million in ecosystem grants through its DAO, supporting various DeFi and NFT initiatives across its network. The goal of these grants ...

Here are the top business stories in Cyprus from the week starting June 23: Paphos has emerged as the strongest performer for high-end houses in Cyprus’ residential property market, according to ...

The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, the euro and China’s yuan as the splintering ...

More than 40 per cent of agentic artificial intelligence projects will be canceled by the end of 2027 due to escalating costs and unclear business value, according to a report by Gartner. ...

Amazon has deepened its commitment to Britain, with the e-commerce giant saying it plans to invest 40 billion pounds ($54 billion) over the next three years, a move the UK government hailed ...