Business

Cyprus tax inspectors are carrying out checks around the clock, targeting businesses in coastal areas where the summer season has brought a sharp rise in economic activity. The nationwide campaign ...

Global shipping remains in “crisis mode” as fighting between the US and Iran disrupts the Strait of Hormuz, forcing companies to reconsider routes, absorb rising costs and protect crews operating ...

On a small island, clothes have long memories. A dress can be worn for a few hours and photographed into permanence, recognised months later across another room by someone who ...

The University of Cyprus and the Association of Cyprus Banks (ACB) recently signed a memorandum of understanding establishing a structured framework for cooperation in education, research, innovation and stronger links ...

A quote of €2,500 for four days in Protaras is pushing some Cypriot families to look beyond the island, as the August 15 holiday rush leaves fewer rooms available and sends prices ...

A family of four could spend around €120 on a single day at an organised beach in Cyprus, as higher charges for beach equipment, expensive food and drinks and the journey ...

Shipping Deputy Minister Marina Hadjimanolis has paid tribute to Qatar’s late Father Amir Sheikh Hamad bin Khalifa Al Thani, after visiting the country’s embassy in Nicosia to sign ...

Ports, energy installations and military facilities across the Persian Gulf face a heightened risk of attack, maritime security firm EOS Risk has warned, as fresh US strikes on Iran raise ...

Large technology firms are increasingly encroaching on traditional banking, prompting the International Monetary Fund (IMF) to demand a comprehensive overhaul of how these conglomerates are policed to ensure global financial ...

Global shipments of desktops, notebooks and workstations declined by 3.6 per cent year on year in the second quarter of 2026 as rising memory and storage costs disrupted the PC market, according ...

IBM said it had “faltered” in keeping pace with a shift in corporate spending from software to data-center infrastructure ‌and would take a big earnings hit in the second quarter, ...

SpaceX’s slip close to its initial public offering price risks turning a marquee stock-market debut into a ​confidence test, potentially unsettling retail investors and complicating decisions for other companies ...

Intel has decided to use a high-end machine from ASML to manufacture some of ​its flagship Panther Lake laptop chips, ASML has announced, a move that will help the chipmaker ...

Global smartphone shipments fell by 4 per cent year-on-year in the second quarter of 2026 as an ongoing memory crisis disrupted supply chains and pushed up component costs, according to the latest ...

Talks between the European Parliament, European governments and the European Commission on rules for a digital euro begun on Monday, three years after the legislation was first proposed. The negotiations ...

Here are the top business stories in Cyprus from the week starting July 13: Cyprus remained below the EU average for young people with at least basic digital skills in 2025, while ...

Major banks are ramping up how they incorporate digital assistants in their daily operations, determining how such agents interact with human colleagues and clients as ​they race to get ahead. ...

BMW is betting on its long-awaited Neue Klasse electric cars to revive its fortunes in China after two years of declining sales. The problem for the German automaker is that ​...

Cyprus is expediting the development of central electricity storage systems after a decision by the Transmission System Operator (TSO) to establish storage infrastructure alongside private sector projects. According to the ...

Short term tourist accommodation operators in Cyprus are facing a weaker season, with occupancy rates and prices both falling by up to 15 per cent this year, Speaking with Alpha TV ...

Tourist arrivals to Cyprus fell by 1.7 per cent in June, according to figures released by the Cyprus Statistical Service (Cystat) on Friday, although the monthly decline was markedly smaller than ...

The European Commission and the High Representative for the Common Foreign and Security Policy published a joint report this week, detailing the implementation of the Generalised Scheme of Preferences (GSP), ...

The publication of the Energy Institute’s Statistical Review of World Energy 2026 has produced widely differing interpretations. Some commentators argue that it demonstrates the energy transition is accelerating rapidly. Others ...

Global investor sentiment has climbed to its strongest level since February, with fund managers growing more optimistic on ​the economic outlook, artificial intelligence-linked spending and the prospect ‌of a dovish ...