#business

The European Investment Fund (EIF) of the European Investment Bank (EIB), along with Cypriot Finance Ministry, this week announced the launch of Cyprus’ very first equity fund. According to an ...

The downturn in eurozone business activity accelerated last month as demand in the dominant services industry weakened further, a survey showed on Monday, suggesting there is a growing chance of ...

British grocery inflation has fallen below 10 per cent for the first time since July 2022, industry data showed on Tuesday, providing some relief for consumers as they enter the key Christmas ...

Italian stocks are trading at their deepest discount in 35 years compared to world shares as investors fret over the fiscal outlook in one of Europe’s most indebted economies, although ...

WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought US bankruptcy protection on Monday after its bets on companies using more of its ...

Cyprus witnessed record-breaking tourism revenue in August 2023, marking a substantial annual increase of 20.8 per cent, according to a report by the state’s statistical service. In addition, these extraordinary figures ...

Eurobank Cyprus on Monday announced that the bank recently received an award by the University of Cyprus’ Career Office, on account of its significant contribution to a project connecting universities ...

The number of registered unemployed individuals in Cyprus decreased by 17.4 per cent in October 2023, reflecting a drop of 1,951 people, compared to October 2022. According to a report released by the Cyprus ...

A major pharmaceutical rules overhaul, proposed by the European Commission in April, could see Europe’s share in global research and development contract by a third to 21 per cent by 2040 ...

The total value of non-performing loans (NPLs) in the Cypriot banking system at the end of August 2023 saw a decrease of €16 million, dropping to €2.08 billion from €2.10 billion at the end ...

The European Institute of Management and Finance (EIMF) on Monday hosted a roundtable discussion featuring representatives from key market and economic entities under the title, “Investing in Professional Skills as ...

Tesla (TSLA.O) plans to build a 25,000-euro ($26,837.50) car at its factory near Berlin, a source with knowledge of the matter said on Monday, in a long-awaited development for the ...

Ryanair (RYA.I) on Monday forecast a record annual profit and promised to pay investors a regular dividend for the first time after fares soared 24 per cent during the summer ...

Elon Musk’s artificial intelligence startup xAI will be integrated into his social media platform X and also be available as a standalone app, he said on Sunday in a ...

Top oil exporters Saudi Arabia and Russia confirmed on Sunday they would continue with their additional voluntary oil output cuts until the end of the year as concerns over demand ...

LinkedIn, the business-focused social network owned by Microsoft (MSFT.O), announced that it now has more than 1 billion members and is adding more artificial intelligence features for paying users. Crossing ...

Extracting gold, silver and other commodities from discarded goods has industrial, geopolitical and environmental benefits for the EU. By Tom Cassauwers Dr John Bediako has criss-crossed the globe his whole ...

Swiss-based sustainability group Better Cotton said on Thursday it has added new functions to a platform that big retailers use to trace materials through their supply chains. Better Cotton said ...

Vietnam is holding talks with chips companies with the aim of boosting investment in the country and possibly building its first chipmaking plant, or fab, two business executives said, despite ...

Canada Goose Holdings (GOOS.TO), cut its annual sales forecast last week, in a sign that a sharp rebound in China was starting to falter and sales in the US ...

Here are the top business stories in Cyprus from the week starting October 30: The Cyprus Economic Sentiment Index (ESI) saw a minor decline in October, primarily influenced by the weakening ...

By Louis N. Christofides Workers’ earnings in a firm reflect the contribution of labour to the firm’s output, meaning their productivity. Earnings are expressed in nominal terms (e.g., ...

As it moves away from fossil fuels and towards climate-neutrality, the EU is placing strategic importance on the market for batteries and stepping up research in the field. From mobile ...

By Stefanos Sofroniou The first ever legal framework on Artificial Intelligence could be agreed upon by the EU legislators as soon as this December. The draft Regulation proposed by the ...