Business

Here are the top business stories in Cyprus from the week starting October 28: Financial support and advisory services are essential for Cyprus’ small and medium-sized enterprises (SMEs) to enhance resource ...

By Simone Tagliapietra and Cecilia Trasi  It has become clear that the European Union’s pursuit of a triple goal of decarbonisation, competitiveness and security requires better integration of the ...

Shares of online ad sellers surged earlier this week as strong earnings from Google-parent Alphabet, Reddit and Snap signaled solid spending from brands ahead of the crucial holiday shopping season. ...

At one of the world’s biggest bulk export ports in Western Australia, shippers safely completed the first transfer of ammonia from one vessel to another last month, a key ...

Brazil’s Collective Defense Institute, a consumer rights group, has filed two lawsuits demanding 3 billion reais ($525.27 million) from the Brazilian units of TikTok, Kwai and Meta Platforms (META.O) for ...

The Retail Trade Turnover Value Index in Cyprus saw a 3.1 per cent increase in September 2024 compared to the same month in 2023, according to a report from the Cyprus Statistical Service. ...

Regular electricity bill payers will not subsidise the additional reduced rates paid by vulnerable groups, Energy Minister George Papanastasiou said on Saturday. Moving to address rumours that forthcoming increases in ...

By Charles Ellinas Eurostat has just published its report on EU electricity price statistics for the first half of 2024. A subject close to the heart of long-suffering Cypriot electricity consumers. ...

Cypriot residents spent a total of €2.23 billion on travel both within Cyprus and abroad in 2023, according to a report by the Cyprus Statistical Service. In addition, a total of 484,365 residents ...

Third-quarter net revenues for Prada (1913.F) rose 17.7 per cent at constant exchange rates, driven by double-digit retail sales growth in Asia and Europe and by the doubling of sales at ...

PayPal (PYPL.O) forecast fourth-quarter revenue below estimates earlier this week as the digital payments company shifts its focus to higher-margin businesses from aggressive expansion, sending its shares down 6.6 per ...

Exchange-traded funds focused on artificial intelligence are proliferating as asset managers offer investors new ways to tap in to the market enthusiasm for AI, even while it remains unclear which ...

The Cyprus-Crete electrical interconnection project will likely face some delays, Energy Minister George Papanastasiou said on Friday, adding that completion by the end of 2029 now appears to be a realistic ...

The Cyprus Mail speaks with Paschalis Nicolaou, a multilingual specialist in international business with extensive experience as a China market consultant. With fluency in Mandarin and a strong foundation in ...

As the crypto market gains momentum, four key players are capturing attention for a potential surge this November: Dogecoin (DOGE), Ethereum (ETH), Shiba Inu (SHIB), and Rexas Finance (RXS). Each ...

Many US companies have stepped up reporting on environmental and social matters in recent years even with sustained pressure from conservative politicians, data reviewed by Reuters shows. The trend shows ...

Cypriot residents spent a total of €2.23 billion on travel both within Cyprus and abroad in 2023, according to a report by the Cyprus Statistical Service. In addition, a total of 484,365 residents ...

ECB executive board member Piero Cipollone on Friday praised the prospects of the digital euro, outlining how its implementation would simplify payments across the euro area. According to Cipollone, when ...

Experienced cryptocurrency trader Dark Defender has pinpointed the key level of $0.6649 that Ripple (XRP) must cross to start a big ascent. This prediction has attracted the attention of XRP enthusiasts, ...

Cyprus has exceeded €1 billion in bond and loan repayments for the second quarter of 2024, according to the latest bulletin released on Friday by the Public Debt Management Office (PDMO). The ...

The cryptocurrency space is getting attention with major ongoing activity as Dogecoin (DOGE), NEIRO, and IntelMarkets (INTL) create waves on trading charts. Despite recent market unpredictability, these players are gaining ...

Cyprus recorded an increase in short-term household deposit rates in September, alongside declines in consumer and housing loan rates, according to the Central Bank of Cyprus (CBC). Deposits The rate ...

Household debt in Cyprus has dropped by 57 per cent drop since December 2016, according to a report by the Central Bank of Cyprus (CBC). The CBC’s latest quarterly financial accounts ...

Cyprus recorded a substantial improvement in its current account balance in the second quarter of 2024, with the deficit narrowing from €285.4 million in Q2 2023 to €52.9 million, according to preliminary data from ...