#business

Eurozone economic growth will remain weak in the near term as services and the labour market weaken but nations in the bloc should not free discretionary bank buffers to ease ...

The Bank of Cyprus on Monday reported robust financial results for the nine months ending September 30, 2023, posting an after-tax profit of €349 million, combined with a strong quarterly performance, while highlighting ...

Europe is seeking to use emissions and residues from winemaking for new products ranging from animal feed to antibiotic alternatives. By Alex Whiting In Palmela, a wine region near Portugal’...

The top US consumer financial watchdog recently proposed to regulate tech giants’ digital payments and smartphone wallet services, saying they rival traditional payment methods in scale and scope but lack ...

Big Tech firms will face new European Union rules to clearly label political advertising on their platforms, who paid for it and how much and which elections are being targeted, ...

Amazon (AMZN.O) is investing millions in training an ambitious large language model (LLMs), hoping it could rival top models from OpenAI and Alphabet (GOOGL.O), two people familiar with ...

Here are the top business stories in Cyprus from the week starting November 6: The total value of non-performing loans (NPLs) in the Cypriot banking system at the end of August 2023 ...

Economic stakeholders this week convened at this year’s annual Economist Conference in Cyprus to explore the need for revitalising the country’s development model and strategise ways to address ...

By Maria Demertzis On 20 October, S&P Global Ratings raised the Greek economy’s credit rating back to investment grade. That was seen by many, in Greece and beyond, ...

Ebay (EBAY.O) forecast fourth-quarter revenue and profit below Wall Street estimates on Tuesday and joined other e-commerce platforms in sounding the alarm on weaker-than-expected consumer spending. San Jose, California-based ...

Nintendo (7974.T) made a pitch for the ongoing match fitness of its aging Switch console on Wednesday, as the Kyoto-based gaming company continues to churn out hits even as the ...

A number of technology and business experts this week stressed that while Cyprus holds great promise as a technological destination, more efforts are needed to establish a knowledge-based economy on ...

The Cyprus Chamber of Commerce & Industry (Keve) announced this week that, according to a statement based on the 31st edition of the annual Economic Survey by the Association of ...

Cyprus’ trade deficit for the period of January to September 2023 reached €6.49 billion, compared to €5.8 billion during the same period in 2022, marking an increase of €685.1 million, according to a report released ...

The overall solvency index of the Cypriot banking sector rose to 23.3 per cent in the second quarter of 2023, up from 21.7 per cent in the first quarter of the year, marking ...

Bumble (BMBL.O) forecast fourth-quarter revenue below Wall Street estimates on Tuesday in a sign that sticky inflation and growing competition were weighing on user spending on its dating apps, ...

China’s ByteDance, the parent of short video app TikTok, is offering to buy back shares from its employees outside the United States for $160 apiece, a source familiar with the ...

In a recent address at the 11th Annual Energy Symposium, Nikos Trypatsas, Deputy General Director of the Cyprus Stock Exchange (CSE), underscored the significant interest the exchange has shown in ...

A new meeting between the government and foreign investors is scheduled to take place at the Presidential Palace in Nicosia on November 20, according to an announcement released on Friday. The ...

The Cyprus Development Bank (CDB Bank) has been reported to be in discussions with an Armenian banking institution regarding a potential acquisition, following the breakdown of talks with AstroBank, according ...

Hellenic Bank is expected to present its financial results for the first nine months of 2023 on November 21, according to an announcement released this week. According to the announcement, the bank’...

High-profile event in Nicosia explores strengthening economic ties between Cyprus and India Eurobank Cyprus hosted a working dinner on Thursday at the Hilton Hotel in Nicosia, featuring top executives from ...

Corporate loans whose costs are linked to environmental, social and governance (ESG) goals are being redesigned by banks in response to rising regulatory pressure and to inject more credibility into ...

A hawkish lean from Federal Reserve Chair Jerome Powell chilled a recent rebound in stocks and bonds, with some investors suggesting the central bank was pushing back against loosening financial ...