#business

Consulting and advisory firm PwC Cyprus recently announced that it successfully organised an event entitled “A New Reporting Obligation on VAT” at its state-of-the-art experience centre. The event focused on ...

Toyota Motor’s (7203.T) global production jumped 11 per cent in November to a record level, bouncing back from last year’s supply chain disruptions and benefiting from robust demand both ...

Half of Russia’s oil and petroleum exports in 2023 will have gone to China while India’s share has risen in two years to 40 per cent, Russia’s state news ...

There was a notable rise of 6.2 per cent in the average gross monthly earnings of employees in Cyprus during the third quarter of 2023, totalling €2,224, compared to €2,094 in the same period ...

The dollar slipped to a five-month low on Wednesday and the euro touched a four-month peak on expectations that the Federal Reserve could soon cut interest rates, but thin year-end ...

SoftBank Group Corp (9984.T) said it would receive shares in telco T-Mobile US (TMUS.O) worth some $7.59 billion at no additional cost, driving the Japanese conglomerate’s shares up 5 per ...

Cypriots were out and about in the shops over the holidays but there was no significant uptick in Christmas purchases, other than at supermarkets, the head of the small shopkeepers ...

Olga Milko currently holds the position of Business Development Director at Freedom Finance Europe. Milko has held several managerial roles at the company for the last five years and saw ...

The oil and gas industry went on a $250 billion buying spree in 2023, taking advantage of companies’ high stock prices to secure lower-cost reserves and prepare for the next upheaval in ...

High food prices in recent years have prompted farmers worldwide to plant more cereals and oilseeds, but consumers are set to face tighter supplies well into 2024, amid adverse El Nino ...

“Consumers are still spending, but they’re still price conscious and want to stretch their budgets,” Sundaram said. He said the weeks between Cyber Monday and Super Saturday were a “...

Israel’s government agreed to give Intel (INTC.O) a $3.2 billion grant for a new $25 billion chip plant it plans to build in southern Israel, both sides said on Tuesday, ...

In the tumultuous landscape of 2023, the global economic and sociopolitical spheres were rife with challenges that tested the mettle of governments, organisations, and businesses of all sizes across the world ...

Major distillers want American drinkers to sip their Old Fashioneds, Negronis and Espresso Martinis this holiday season. But no bartender is required: these cocktails come bottled. Diageo (DGE.L) and ...

Russia’s central bank will need two to three months to make sure that inflation is steadily declining before taking any decision on interest rate cuts, the bank’s governor ...

Russian President Vladimir Putin on Sunday signed a decree clearing the way for Rosbank (ROSB.MM) to purchase stakes in leading Russian companies owned by Societe Generale (SOGN.PA). The ...

US chipmaker Nvidia (NVDA.O) and its employees have donated $15 million to Israeli and foreign non-profit organisations that are supporting civilians affected by Israel’s war with Palestinian militant group ...

Daihatsu said on Wednesday it halted shipments of all its vehicles after a safety investigation found issues involving 64 models, including almost two dozen sold under Toyota’s brand. The company ...

The angular, polarizing design of the Cybertruck will help boost the Tesla brand, the electric vehicle maker’s chief designer said on Thursday, adding that the pickup was no experiment. “...

New machines can improve conditions for workers and boost industrial productivity. By Helen Massy-Beresford On the shopfloor of a Dutch machine manufacturer called Hankamp Gears, workers remove bulky equipment from ...

Alphabet-owned Google (GOOGL.O) plans to reorganize a big part of its 30,000-person ad sales unit, The Information reported on Tuesday, citing a person with knowledge of the situation. Sean ...

Canada’s BlackBerry (BB.TO) reported a surprise quarterly profit on Wednesday, backed by a resilient demand for cybersecurity services amid rising online threats. While IT spending has dwindled over ...

IT services provider Accenture forecast second-quarter revenue below Wall Street targets on Tuesday, anticipating cautious spending by clients as macroeconomic uncertainty remains an overhang. Analysts expect IT services expenditure to ...

Here are the top business stories in Cyprus from the week starting December 18: Tourist arrivals in Cyprus between January and November 2023 reached 3,722,022 visitors, reflecting a notable increase of 20.4 per cent ...