#business

Here are the top business stories in Cyprus from the week starting January 22: The Cyprus Stock Exchange (CSE) concluded 2023 on a high note, with listed securities surpassing €4 billion, as reported ...

By Ioannis Tirkides 2023 has been a year of turmoil, of wars and geopolitical upsets. It has also been a year of weaker economic growth with only a few but notable ...

Shares of SAP SE (SAPG.DE), jumped 7 per cent to an all-time high after the German software firm forecast growth in cloud revenue and said it will restructure roles for 8,000 ...

Shares in India’s Zee Entertainment (ZEE.NS), plunged by as much as 30 per cent on Tuesday, set for their worst day ever, after the collapse of its $10 billion merger ...

The real estate market in Cyprus appears poised for a challenging year, marked by organic, market-driven price reductions, which may be offset by supply chain disruption, stemming from geopolitical conflicts, ...

Health, safety, quality and environment, and sustainability manager at Limassol-based Island Oil Holdings Demetris Lemesianos recently spoke to the Cyprus Mail, providing insights into the group’s sustainability initiatives within ...

President of the Cyprus Ports Authority Antonis Stylianou this week spoke about the significant economic losses incurred by the Republic of Cyprus due to recent events in the Gulf of ...

The Social Computing Research Centre of the Cyprus University of Technology (Tepak) recently announced the establishment of the first Anti-Disinformation Centre in Cyprus, known as Fact-Check Cyprus. This initiative marks ...

British authorities will not decide until next year at the earliest on whether to go ahead with a state-backed digital pound that would provide an alternative to payments operated by ...

German consumer sentiment is set to tumble in February as households continue to brace for uncertainty, swiftly dashing faint hopes of recovery for Europe’s largest economy after a rise ...

Tesla (TSLA.O) has told suppliers it wants to start production of a new mass market electric vehicle codenamed “Redwood” in mid-2025, according to four people familiar with the matter, ...

The value of deposits in the Cypriot banking system experienced a substantial monthly increase of €346 million in December 2023, reaching a total €52.2 billion, according to a report released on Friday by ...

payabl., one of Europe’s leading PayTechs, on Friday announced that it was granted an Electronic Money Institution licence (EMI licence) by the Central Bank of Cyprus (CBC), which will ...

The president of the Cyprus Ports Authority (Alk) Antonis Stylianou this week presented a strategic development model, which is aimed at addressing the evolving conditions in the modern port environment. ...

The eurozone should not weaponize its own currency in a global conflict as that could ultimately undermine it, an influential European Central Bank policymaker said on Friday, just as the ...

The Bank of England said on Thursday that its rules requiring banks to “ring fence” their retail arms with bespoke buffers of capital have worked satisfactorily with no major overhaul ...

Oil prices eased on Friday but were set for their biggest weekly gain since October as positive US economic growth and signs of Chinese stimulus boosted fuel demand sentiment. Brent ...

Rosemary and Larry Brester have been running Hobart Machined Products since 1978, milling and grinding metal to make aircraft components out of a tiny building behind their home. Hobart is one ...

Tesla (TSLA.O), tumbled nearly 11 per cent on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins and raised ...

Cyprus’ Research and Innovation Foundation (Idek) is set to host a pioneering Partner Day on Friday, February 9, at the Hilton Hotel in Nicosia. Under the theme “Innovation, Collaboration, Development,” the ...

eBay Inc (EBAY.O), will cut about 1,000 roles, or an estimated 9 per cent of its current workforce, the e-commerce retailer said on Tuesday. “While we are making progress against our ...

German sportswear company Puma (PUMG.DE), this week forecast sales and profits this year below analyst expectations, sending its shares down over 8 per cent to their lowest since 2018, blaming a ...

The European Central Bank kept interest rates unchanged as expected at a record high on Thursday and reaffirmed its commitment to fighting inflation, giving not a hint that policymakers are ...

Cyprus’ Deputy Minister of Tourism Kostas Koumis engaged in “significant discussions” this week in Brussels, in an effort to boost the number of visitors from Belgium. According to statements by ...