#business

The Bank of England is expected to lower interest rates by a quarter point on May 8 as US President Donald Trump’s tariffs darken the global growth outlook, and some ...

The International Monetary Fund has announced that it now expects Middle East and North Africa economies to grow by just 2.6 per cent in 2025 as uncertainties stemming from a global trade ...

Tesla (TSLA.O) chair Robyn Denholm on Thursday denied a Wall Street Journal report that said board members had reached out to executive search firms to find a new replacement ...

Saudi Arabia’s economy grew in the first quarter, supported by activity in the non-oil sector as the kingdom pushes on with diversifying away from hydrocarbons. Real gross domestic product (...

A stablecoin launched by Donald Trump’s World Liberty Financial crypto venture is being used by an Abu Dhabi investment firm for its $2 billion investment in crypto exchange Binance, one ...

Oil prices fell on Thursday, extending a steep decline the previous session due to signs that Saudi Arabia, the world’s largest crude exporter, could raise production and data showing ...

Cyprus Seeds and The Cyprus Institute of Neurology & Genetics organized on April 29th 2025, an inspirational speech, “A Scientist Stepping into Entrepreneurship”, by Dr. Mary Lynne Hedley. The event, which ...

British house prices fell by 0.6 per cent in April, a sharper fall than forecast and their biggest monthly decline in more than 18 months, as a discount on property transactions ended, ...

The digital euro will serve as a complement to cash, not a replacement, and is designed to preserve the stability of the financial system while embracing innovation, said Stelios Georgakis, ...

The Index of Industrial Output Prices in Cyprus rose by 0.2 per cent in March 2025, reaching 121.9 units, based on 2021 as the reference year set at 100 points, according to official data released ...

The average gross monthly earnings of employees in Cyprus rose by 5.3 per cent in 2024, reaching €2,487, according to provisional data released on Wednesday by the state statistical service. In terms of ...

South Korean technology giant Samsung Electronics (005930.KS) warned on Wednesday US tariffs could cut demand for products such as smartphones, making it difficult to predict future performance. Samsung said it ...

The US economy contracted in the first quarter, weighed down by a deluge of goods imported by businesses eager to avoid higher costs, underscoring the disruptive nature of President Donald ...

National investment promotion agency Invest Cyprus and the British Council on Wednesday announced that they have entered into a strategic partnership. According to an official statement, the partnership aims at ...

Investor Balram Chainrai has recently acquired a controlling stake in the company that owns the Rodon Hotel in Agros. The transaction, which was finalised on March 6, 2025, saw Chainrai secure 87.82 per ...

The average gross monthly earnings of employees in Cyprus rose by 5.3 per cent in 2024, reaching €2,487, according to provisional data released on Wednesday by the state statistical service. In terms of ...

Petrolina (Holdings) Public Limited has released its annual report for the year ending December 31, 2024, and has called its annual general meeting (AGM) for June 19, 2025, at the company’s headquarters in ...

Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings S.A., has submitted an application to the Cyprus Securities and Exchange Commission (CySEC) to exercise its squeeze out ...

Alpha Bank Cyprus on Wednesday announced the appointment of George Shiammoudis as its new chief risk officer. “With over 20 years of experience across banking and financial advisory, Shiammoudis brings a ...

Consumers across Europe are increasingly willing to switch to alternative online payment methods in exchange for faster, more convenient and secure checkout experiences, according to new research published by payabl., ...

The Ministry of Energy, Commerce and Industry on Wednesday announced a new call for proposals under the business digital upgrade scheme, part of the national programme Thaleia 2021–2027. The scheme, aimed ...

Artificial intelligence could increase global gross domestic product by up to 15 per cent by 2035, according to new research shared this week by PwC Cyprus. The report, titled Value in Motion, ...

Banks in Cyprus recorded a net decrease of €66.3 million in deposits and a significant increase of €429.9 million in loans during March 2025, according to a report by the Central Bank of ...

Cyprus’ industrial production recorded a steady rise of 4.3 per cent in the first two months of 2025 compared with the same period in the previous year, according to a report from ...