Business

Global recorded-music retail sales are expected to reach $48.3 billion in 2026, marking the 12th consecutive year of annual growth for the industry, according to new forecasts from research firm Omdia. The ...

Euro area banks tightened lending standards again in the second quarter of 2026, while business borrowing picked up slightly and household demand for loans weakened, according to the European Central Bank’...

The European Securities and Markets Authority (ESMA) has urged financial market participants to accelerate preparations for the European Union’s transition to a T+1 settlement cycle, warning that 2026 will be ...

Effective enforcement mechanisms will be crucial to the credibility and success of artificial intelligence regulation, according to a new Omdia analysis examining AI policies and regulatory frameworks across major global ...

Electricity storage batteries are expected to arrive in Cyprus in January 2027, with installations due to be completed before the summer, Energy Minister Michael Damianos said on Sunday. Damianos said contracts ...

The International Monetary Fund (IMF) has warned that the rapid development of tokenised finance could either strengthen the global financial system or create new sources of instability, depending on the ...

Here are the top business stories in Cyprus from the week starting July 20: A family of four could spend around €120 on a single day at an organised beach in Cyprus, ...

Replying to a fraudulent text may feel satisfying, but it can validate an active number and open the door to a more convincing con. In Cyprus, the bait increasingly resembles ...

Construction output across the euro area and the European Union saw a modest rise during May 2026, according to the latest figures released by Eurostat. Seasonally adjusted production grew by 0.4 per ...

Artificial intelligence is allowing employers to examine years of online activity within hours, turning forgotten posts, anonymous accounts and even deleted profiles into potential career liabilities.  The warning that jobseekers ...

Five years ago PayPal was a Wall Street favorite and a leader in digital payments. Since then the stock has plunged, Apple Pay dominates payment services in the US and ...

The European Commission this week published new guidelines to help artificial intelligence (AI) providers and users comply with transparency requirements under the EU’s AI Act, with the rules set ...

A Cyprus-based venture capital firm is positioning itself ahead of anticipated landmark IPOs in the artificial intelligence sector, with its leadership arguing that the flotations could reshape global valuation benchmarks. ...

The next great technology battle will not be fought in our pockets. It will take place on our faces.  More than a decade after Google Glass became a cautionary tale ...

31.6 million people were employed in the EU during 2024 to satisfy the final demand for goods and services from non-EU economies, according to a report from Eurostat. This figure accounts for 14.4 ...

Recent opinion surveys indicate that the affordability crisis is the most pressing concern for Cyprus households. Indeed, many state their inability to cope with daily cost-of-living pressures and doubt that ...

Businesses across Europe are reworking IT budgets as they look to cut operating costs and get more from the software they already pay for, according to a new study by ...

Cyprus brought together 27 Port State Control inspectors from 11 Mediterranean countries for specialist training on cargo securing, strengthening regional cooperation on maritime safety and ship inspections.  The two-day seminar, held on ...

Air transport prices in Cyprus fell in June while average air fares across the European Union continued to rise, according to figures released by Eurostat this week. The EU statistical ...

The euro area’s private sector improved far more than expected in July, with activity returning to pre-escalation levels after the conflict with Iran, even as the latest flare-up threatens ...

By Theodoros Loukaidis, Director General of the Cyprus Research and Innovation Foundation We often speak about young people as the leaders of tomorrow. Truth is, many of them are already ...

Cyprus implemented 25 per cent of its 2026 development budget during the first half of the year, maintaining the same pace as in the corresponding period of 2025 and running above the 22 per ...

The European Central Bank (ECB) left its key interest rates unchanged earlier this week, with Central Bank of Cyprus (CBC) governor Christodoulos Patsalides warning on Friday that the broader effects ...

The Central Bank of Cyprus (CBC) on Friday called on citizens to take part in a Europe-wide survey launched by the European Central Bank (ECB), inviting the public to help ...