#business

British house prices rose at their fastest annual pace in almost two years in November, adding to signs of resilience in the property market despite high borrowing costs, according to ...

Chipmaker Intel Corp (INTC.O) has announced that it will separate its venture capital and investment arm, Intel Capital, into a standalone company, to focus on enhancing efficiency across the ...

Here are the top business stories in Cyprus from the week starting January 13: The need for enhanced collaboration between public authorities and private enterprises was emphasised during the recently held ‘...

High government spending and a growing need among big economies – from the United States to Britain and France – to tap bond markets to fund their outlays have shot up the ...

Generative artificial intelligence bellwether OpenAI said this week that it is introducing a beta feature called Tasks to ChatGPT, signaling the company’s foray into the virtual assistant space, competing ...

US producer prices rose less than expected in December as higher costs for goods were partially offset by stable services prices, suggesting inflation remained on a downward trend. The moderation ...

Israeli high tech companies overcame a year of war and likely raised more than $12 billion in 2024, up 31 per cent from 2023, led by cyber security funding and investments in more established ...

Eurobank’s acquisition of Hellenic Bank is expected to conclude by the end of May, paving the way for the legal and operational merger with Eurobank Cyprus. The latest update ...

The European Commission said it was assessing its cases against Apple (AAPL.O), Alphabet (GOOGL.O), X and Meta (META.O), stressing that President-elect Donald Trump’s return to the ...

Microsoft (MSFT.O) is planning to halt hiring in part of its consulting business in the US in a bid to cut costs, CNBC reported this week, citing an internal ...

Demand for global equity funds declined sharply in the week through Jan. 15, as US Treasury yields rose and expectations for the Federal Reserve’s interest rate cuts fell following a ...

Around one in six British companies cut hiring late last year, the highest share since early 2021, according to a survey that showed firms felt pressure to raise prices due to ...

Finland’s Nokia (NOKIA.HE) has announced that it has signed a multi-year patent license agreement with Samsung (005930.KS) for the use of Nokia’s video technologies in the South ...

US small-business confidence surged to the highest level in just over six years in December, extending post election gains. The National Federation of Independent Business said this week that its ...

Harmonised inflation in Cyprus increased by 2.3 per cent in 2024 compared to 2023, according to a report released this week from the state’s statistical service. The category of restaurants and hotels ...

The Deputy Ministry of Tourism on Friday announced the second call for proposals under its €3 million grant scheme to boost tourism across Cyprus. The scheme aims to support the modernisation ...

The environmental authority has approved the €60 million American Medical Centre Limassol / American Heart Institute project, according to an announcement released on Friday. “The approval by the Environmental Authority lays the ...

The 17th International Shipping Conference took place in Athens this week, with the central theme being the bridging of the shipping industry with capital markets. Co-hosted by Maritime Economies and ...

Eurobank has finalised the sale of its 8.58 per cent stake in Demetra Holdings Plc, totalling 17,152,353 shares, to Logicom Services Limited for approximately €27 million (€1.55 per share). In a statement issued on ...

Interest rates in Cyprus continued to decline in November 2024, with home loan rates averaging 4.50 per cent, down from 4.62 per cent in October, according to the Central Bank of Cyprus (CBC). ...

Eurobank’s acquisition of Hellenic Bank is expected to conclude by the end of May, paving the way for the legal and operational merger with Eurobank Cyprus. The latest update ...

The Cyprus Property Developers Association met with the Department for Town Planning and Housing this week to address concerns about the compensatory measures for granting planning permits, particularly regarding the ...

Limassol’s Ariel Cinema, a historic site long out of use, is set to be transformed into a 19-storey mixed-use tower following approval from the environment department. Dating back to 1966, ...

The outlook for Cyprus tourism in 2025 is encouraging, with booking flows surpassing those of the previous year, according to president of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides. Michaelides stated ...