#business

AstroBank on Tuesday released its financial results for the year ending December 31, 2023, reporting a profit after tax of €30.4 million, while also marking a Return on Equity (RoE) of 13.9 per cent, ...

Asia-focused hedge funds started 2024 with a strong first quarter, cashing in on a prolonged rally in Japanese stocks, a tentative turnaround in Chinese equities, and a boom in artificial intelligence (...

Could bitcoin’s bumper rally just be getting started this year? That’s the question on the minds of cryptocurrency traders ahead of the upcoming bitcoin ‘halving’, a change in ...

Sales of homes in Dubai worth $10 million or more rose 6 per cent in the first quarter versus last year, an industry report showed on Tuesday, as demand from the international ...

Goldman Sachs’ (GS.N) profit beat Wall Street estimates, fueled by a recovery in underwriting, deals and bond trading in the first quarter that lifted its earnings per share to ...

President Nikos Christodoulides on Monday travelled to London for a series of contacts with financial parties, entrepreneurs and investors. As part of his visit, the president will participate in a ...

Lufthansa (LHAG.DE) slashed its 2024 earnings outlook on Monday, blaming a series of strikes and a slower than planned ramp-up of capacity, in a profit warning that sent its share ...

Israeli inflation accelerated in March, the Central Bureau of Statistics said on Monday, in data that could delay further interest rate reductions. The annual inflation rate rose by a higher-than-expected 2.7 ...

Application for ReflectX 2024, the second edition of the startup programme where innovation meets opportunity, is now open. Designed for ambitious startups from Seed to Series-A, ReflectX offers a unique blend ...

Tesla (TSLA.O) will lay off more than 10 per cent of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and ...

Energy Minister George Papanastasiou is currently in Abu Dhabi to participate in the 14th Session of the Assembly of the International Renewable Energy Agency (IRENA), scheduled to take place from ...

Pareto Limited, a major shareholder in Atterbury Europe Holding B.V., has agreed to exchange part of its debt exposure in Atterbury Europe for a direct interest in both the ...

MDigi-I Project receives €2.8 million from Cyprus Research and Innovation Foundation (RIF) to drive digitalisation in shipping industry The Cyprus University of Technology (Tepak) has announced its participation in the Maritime ...

Cyprus witnessed a notable slowdown in property transactions during the first quarter of 2024, reflecting the cumulative challenges faced by the real estate sector, including inflationary pressures and high interest rates, ...

President of the Cyprus Stock Exchange (CSE) Marinos Christodoulides recently released a statement underscoring the significance of developing the bond market within the CSE framework. In addition, Christodoulides highlighted the ...

The European Central Bank (ECB) is increasingly confident that it is winning the fight against inflation, which makes an interest rate cut in June very likely, according to ECB policymaker ...

OpenAI Chief Executive Sam Altman has hosted hundreds of Fortune 500 company executives in San Francisco, New York and London this month where he and other OpenAI executives pitched AI services ...

Britain’s tepid economy is on course to exit a shallow recession after output grew for a second month in a row in February, and January’s reading was revised ...

Big technology-related company earnings are expected to again lead S&P 500 profit growth in the upcoming US reporting period, which could refuel optimism for stocks after a weak start ...

German sportswear brand Puma is using this year’s Olympic Games and its partnership with sprint champions Jamaica to focus on speed as it jostles with Adidas and Nike to ...

Constellation Brands forecast annual profit above Wall Street expectations on Thursday, banking on resilient demand for its core beer brands despite sticky inflation. Demand across the company’s beer brands ...

The International Energy Agency (IEA) trimmed its forecast for 2024 oil demand growth on Friday, citing lower than expected consumption in OECD countries and a slump in factory activity. The Paris-based ...

European stocks were on track to race ahead of Wall Street on Friday, with exporter shares in high demand as the continent’s major currencies dropped against a dollar standing ...

Here are the top business stories in Cyprus from the week starting April 8: Minister of Agriculture, Maria Panayiotou, recently lauded the economic significance of the wine industry and unveiled plans ...