Business

Here are the top business stories in Cyprus from the week starting August 26: Starting with the economic landscape, the value of Cypriot bonds held by the Eurosystem has decreased to €6.38 ...

UBS Global Wealth Management has raised the odds of a US recession to 25 per cent from 20 per cent, citing weakness stemming from softer jobs growth and the July unemployment data ...

The US Commerce Department has announced that it plans to award $50 million to HP (HPE.N) to support the expansion and modernization of an existing company facility in Oregon that ...

South African authorities should introduce regulatory ‘sandboxes’, or controlled testing grounds, to spur innovation in the country’s growing digital platform sector, according to tech investor Naspers (NPNJn.J) and ...

Qatar has agreed to supply Kuwait with 3 million tons per annum (mtpa) of liquefied natural gas (LNG) for 15 years, the second such deal since 2020 as Kuwait imports the fuel to ...

As the summer tourist season edges towards its conclusion, Paphos airport is once again in the spotlight for all the wrong reasons. While the island’s tourism industry thrives, with ...

Hellenic Bank on Friday posted a profit after tax of €189 million for the first half of 2024, marking an 18 per cent increase compared to the same period during the previous year. ...

OPEC+ is set to proceed with a planned oil output hike from October, as Libyan outages and pledged cuts by some members to compensate for overproduction counter the impact of ...

Chinese electric vehicle (EV) giant BYD (002594.SZ) has signed an agreement with Huawei (HWT.UL) to use the Chinese tech conglomerate’s advanced autonomous driving system in its off-road Fangchengbao ...

Nasdaq (NDAQ.O) is seeking the green light from regulators to launch and trade options on a bitcoin index, according to an announcement from the exchange operator. The US Securities ...

Sony announced this week that it is raising the price of its PlayStation 5 (PS5) games console in Japan by about 20 per cent. The Japanese company cited a difficult external environment ...

India will launch a platform to transfer credit to small and rural borrowers, catering to the large unmet demand across various sectors, especially agricultural and small companies, according to the ...

The price of package holidays in Cyprus as well as in the EU continued increasing in 2024, with Cyprus recording the third highest increase among member states in July, according to ...

The entrepreneurial spirit in Cyprus shone brightly at the Startup World Cup Cyprus Finals 2024, where Fincom emerged victorious among nine competing startups. Presented by Unlimit, the event showcased the innovative ...

The Bank of Israel kept interest rates unchanged this week for the fifth-straight meeting, citing geopolitical uncertainty that has raised economic risks, along with rising inflation, and said rates would ...

Cyprus’ 50 priciest property transactions across Cyprus totalled a substantial €55.7 million in July, according to real estate analytics firm Ask Wire. Indicatively, the company highlighted a house in Peyia that fetched ...

The Cyprus general government recorded a surplus of €702.50 million, equivalent to 2.2 per cent of GDP, during the first seven months of 2024. According to a report released on Friday by the ...

The Cyprus Chamber of Commerce and Industry (Keve) on Friday announced an upcoming networking event to introduce the EULEP project, an initiative centred around vocational education and training. The event, ...

Hellenic Bank on Friday posted a profit after tax of €189 million for the first half of 2024, marking an 18 per cent increase compared to the same period during the previous year. ...

US technology companies are pursuing energy assets held by bitcoin miners as they race to secure a shrinking supply of electricity for their rapidly expanding artificial intelligence and cloud computing ...

Industrial production in Cyprus recorded a 6.1 per cent increase year-on-year during June 2024, according to a report released this week by the Cyprus Statistical Service (Cystat). The Industrial Production Index reached 117.3 ...

Delfi Partners director Michalis Loizou on Thursday argued against the notion that short-term rental properties in Cyprus are the primary cause of rising rental costs, suggesting that other factors contribute ...

Lego’s sales of its colourful plastic bricks outpaced the overall toy market in the first half of the year, driven by strong demand in Europe and North America, according ...

German online takeaway food company Delivery Hero (DHER.DE) on Thursday reported stronger than expected growth it its second-quarter gross merchandise value and confirmed its full-year outlook on the back ...