#business

Invest Cyprus, the Cypriot Investment Promotion Agency, is poised to unveil its strategic objectives and initiatives during its Annual General Meeting, taking place later today. The conference, to be held ...

Energy Minister George Papanastasiou on Monday opened this year’s Industry Week by reaffirming the government’s resolve to support the sector in Cyprus, underpinned by its commitment to the ...

Weight loss was the talk of this earnings season, making names such as Wegovy, Ozempic and Mounjaro the water-cooler discussion that companies across the globe could not ignore. Analysts attended ...

The dollar slid to a two-month low on Monday, extending a downtrend from last week as traders reaffirmed their belief that US rates have peaked and turned their attention to ...

Oil futures edged higher on Monday, extending gains on expectations of OPEC+ deepening supply cuts to shore up prices, which have fallen for four weeks on easing concern of Middle ...

OpenAI has appointed ex-Twitch boss Emmett Shear to lead the startup, replacing Sam Altman who will join the company’s top backer Microsoft MSFT.O to lead a new advanced ...

Leading European on-demand transportation platform Bolt on Monday announced the launch of electric scooter rentals in the Greater Nicosia area. In its announcement, the company, which has over 150 million customers ...

Discounting and new products expected to propel the market towards year-on-year growth By Souzana Psara Global tablet sales reached 33 million in the third quarter of 2023, as reported by industry analysts ...

Researchers in Europe are working to counter potential risks from nanomaterials used by a range of industries for technological advances. By Tom Cassauwers While others might dream big, Dr Otmar ...

If you can’t beat them, buy them. For years, a little-known company called Tooling & Equipment International (TEI) has helped Tesla (TSLA.O) push back the frontiers of “gigacasting”, ...

Glencore (GLEN.L), ExxonMobil (XOM.N) and Stellantis (STLAM.MI) are among companies lobbying for policies that conflict with their own pledges to cut carbon emissions, a study published by ...

Here are the top business stories in Cyprus from the week starting November 13: Port management company DP World Limassol on Wednesday announced that Limassol port saw record cruise ship calls ...

The International Air Transport Association (IATA) recently announced the continuation of a robust post-pandemic surge in passenger traffic throughout September. The momentum observed in passenger demand during this month contributes ...

Microsoft (MSFT.O) this week announced a duo of custom-designed computing chips, joining other big tech firms that – faced with the high cost of delivering artificial intelligence services – are bringing ...

China’s Lenovo Group Ltd (0992.HK) on Thursday posted a 16 per cent fall in revenue for the three months through September, meeting market expectations, as supply for personal computers (PCs) ...

Britain’s Ocado Group (OCDO.L) has secured its first deal outside grocery retail to provide its robotic warehouse technology to a site of drug distributor McKesson Corp’s (MCK....

The Cyprus Council for Registration of Real Estate Agents this week announced a staunch stance against any collaboration or support offered by licensed real estate agents to individuals operating unlawfully ...

The Cyprus Chamber of Commerce & Industry (KeveI) on Friday announced that it has prolonged the application deadline for its I-STARS grant scheme, catering specifically to tourism businesses. The extension ...

The third quarter of 2023 saw a significant decline in the assets of investment organisations in Cyprus, despite a rise in their numbers, according to a report released on Friday by ...

The Harmonised Index of Consumer Prices (HICP) in Cyprus increased by 3.6 per cent in October 2023, compared to October 2022, while registering a decrease of 0.1 per cent compared to the previous month, ...

By Charles Ellinas The UN Intergovernmental Panel on Climate Change (IPCC) released in September a review of the energy transition progress on meeting the Paris Agreement goals, referred to as ...

Hyundai Motor (005380.KS) unveiled its first high-performance electric vehicle(EV), an N sport variant of its IONIQ 5 crossover SUV. The South Korean automaker said that the IONIQ 5 N, which will ...

The one-stop-shop shipping centre, operating within the Deputy Ministry of Shipping, is slated to commence its operations on Monday, November 20, according to an announcement released this week. Following a Cabinet ...

Tourist arrivals in Cyprus during the first ten months of 2023 soared by 21.1 per cent compared to last year, according to a report released on Friday by the Cyprus Statistical Service (...