#business

The decline in eurozone business activity eased this month as the bloc’s dominant services industry bounced back to growth and offset a long-running contraction in the manufacturing industry, a ...

The lead European Union data privacy regulator for Meta (META.O) has fined the social media giant 251 million euros ($263.5 million) for a 2018 Facebook security breach that affected 29 million users. Meta ...

British manufacturers have reported the sharpest loss of confidence since the start of the COVID-19 pandemic in the face of higher costs including tax increases by the new government, according ...

The European Central Bank should continue to cut interest rates in small steps and resist the temptation of trying to prop up growth in a currency bloc that suffers largely ...

Cyprus’ general government recorded a surplus of €867.5 million during the third quarter of 2024, according to preliminary data released on Friday by the state’s statistical service. This figure remains close ...

The Central Bank of Cyprus (CBC) on Friday said that it is assessing the capital needs of banks in light of escalating macroeconomic and geopolitical risks. Speaking during a briefing ...

Tesla (TSLA.O) said on Friday it was recalling 694,304 vehicles in the United States over an issue with the tire pressure monitoring system (TPMS). The TPMS warning light may not ...

Tourist arrivals in Limassol are rising, offsetting the loss of the Russian market, according to Anthi Theocharous, VP of Tourism at the Limassol Chamber of Commerce (Evel). “Limassol absorbed a ...

British retail sales rose by a weaker-than-expected 0.2 per cent in November, according to official data which suggested consumers had overcome their worries about the new government’s first budget but ...

Cyta on Friday announced that it will adopt digital identity verification through the government’s Digital Citizen application This new service will start on December 23, 2024, with Cyta saying that this ...

Hoteliers in Kato Pyrgos Tilliria raised key concerns over staffing, connectivity, and beach upgrades during a meeting with Deputy Minister of Tourism Costas Koumis on Thursday. According to a statement, ...

The Cabinet has approved a new De Minimis Grant Scheme to support Cypriot businesses in participating in international trade fairs, following a proposal by Energy Minister George Papanastasiou. The scheme, ...

The Central Bank of Cyprus (CBC) has revised its GDP growth forecast for 2024 upwards by 0.2 percentage points, now expecting growth of 3.7 per cent. The revision is attributed to stronger domestic ...

The Central Bank of Cyprus (CBC) on Friday announced the launch of a comprehensive licensing and supervisory strategy aimed at enhancing oversight and governance of electronic money institutions and payment ...

Cyprus’ adoption of the 15 per cent minimum tax for multinationals entails both challenges and opportunities, according to Stelios Violaris, Tax Advisory Services Partner at PwC Cyprus. Violaris also highlighted the ...

The workforce in Cyprus’ broader public sector totalled 73,137 employees in the third quarter of 2024, according to a report released this week by the Cyprus Statistical Service (Cystat). For the first ...

Invest Cyprus on Thursday announced that it has being re-elected to the board of the ANIMA Investment Network. Invest Cyprus CEO Marios Tannousis, stated that “our re-election to the ANIMA ...

The world’s economic reckoning with the incoming Trump administration kicked off in earnest this week, with the US Federal Reserve flagging fewer rate cuts, a resignation in Canada over ...

Morgan Stanley (MS.N) has hired fund manager Abdulrahman Al-Abdulla as head of its business in Qatar, as the Wall Street bank continues its expansion in the region and tries ...

British house prices are set to grow by up to 3 per cent next year as property remains in short supply across much of the country and new home building has ...

The Financial Conduct Authority (FCA) is giving customers who struck historic finance deals to lease motor vehicles additional time to complain about commission payments, widening a review that could lead ...

A dovish message from the Bank of England on Thursday dented the outlook for sterling, one of the year’s best performing major currencies against the dollar, while bringing a ...

The central bank of the United Arab Emirates cut its base rate applied to the overnight deposit facility by 25 basis points on Wednesday, from 4.65 per cent to 4.40 per cent, effective ...

Central banks from Brazil to Indonesia scrambled to defend their struggling currencies on Thursday, hours after the Federal Reserve jolted markets by indicating it may not cut rates by much ...