#business

In recent years, Cyprus has been transforming itself from a popular tourist destination into a vibrant entrepreneurial hub. But what is driving this change, and why are so many startups ...

Bank of Cyprus has recently created the new Funding Amount Calculator, a tool that helps its clients make informed financial decisions regarding new borrowing. This is yet another action that ...

The Cyprus Asset Management Company (Kedipes) has extended its life cycle by three years, with the aim of repaying €3.54 billion in state aid by 2030. This extension followed delays caused by ...

The value and volume of turnover in Cyprus’ retail trade saw a notable increase in August 2024 compared to August 2023, according to the Cyprus Statistical Service (Cystat). According to the report, ...

 MSCI’s global equities index fell with Treasury yields on Tuesday as investors shied away from riskier assets while oil futures rallied on concerns about supply after Iran launched missiles ...

London’s Canary Wharf financial district wants to convert swathes of empty office space into other uses including hotels, two executives at the landlord told Reuters, as it responds to ...

Investors and analysts expect Nike to lower annual forecasts on Tuesday when it posts quarterly results, the company’s first earnings report since announcing a new CEO earlier this month. ...

Cyprus’ industrial producer prices index (PPI) for August 2024 reached 124.1 points (base 2021=100), marking a slight decrease of 0.1 per cent compared to July 2024, according to a report by the Cyprus Statistical Service (...

Cyprus’ tourism revenue reached €474 million in July 2024, marking a 4.3 per cent rise compared to €454.6 million in the same month the previous year, according to data from the Cyprus Statistical Service (...

Oil prices jumped by over a dollar on Wednesday due to rising concerns Middle East tensions could escalate, potentially disrupting crude output from the region, following Iran’s biggest ever ...

Britain’s economy grew more slowly than previously thought in the second quarter, but there were positive signs from household finances and business investment that could encourage finance minister Rachel ...

British house prices rose by a higher-than-expected 0.7 per cent in September from August, with the annual growth rate hitting 3.2 per cent, the fastest pace since November 2022, figures from Nationwide Building ...

Oil prices climbed about 3 per cent on Tuesday after Iran fired a salvo of ballistic missiles at Israel in retaliation for Israel’s campaign against Tehran’s Hezbollah allies in ...

Oil prices rose on Monday on fears of a widening conflict in the Middle East curtailing Iranian crude supply, but prices were headed for a third straight monthly loss because ...

Demand for a 10 per cent stake sale in Greece’s National Bank (NBG) by the country’s bank bailout fund was oversubscribed by six times on Monday, in the first ...

Japanese telecom company SoftBank’s Vision Fund will invest $500 million in OpenAI’s latest funding round, The Information reported on Monday, citing a person familiar with the deal. SoftBank declined ...

The need for diverse voices in science, technology, engineering, and mathematics (STEM) has never been more critical, particularly as the world becomes increasingly reliant on technology. Moreover, Tanya Romanyukha, the ...

Audio streaming platform Spotify was back up after an approximate three-hour-long outage on Sunday, which at its peak impacted more than 40,000 users in the United States, according to Downdetector.com. ...

Tourism in Cyprus remains an important part of the economy, but Deputy Minister of Tourism Costas Koumis warns against complacency. During an event celebrating World Tourism Day 2024 on Friday, in ...

Empowering female innovators in the technology sector The need for diverse voices in science, technology, engineering, and mathematics (STEM) has never been more critical, particularly as the world becomes increasingly ...

The European Researchers’ Night, under the motto “Mission Possible,” drew thousands of visitors to the Cyprus state fair on September 27, offering an insight into research, innovation, and science. Organised by ...

IT services firm Accenture has unveiled a $4.0 billion share buyback and reported better-than-expected fourth-quarter revenue thanks to demand from companies looking to adopt generative artificial intelligence technology. Shares of the ...

Global cybersecurity spending reached a total of $21.1 billion in the second quarter of 2024, representing a year-on-year growth of 9.9 per cent.  Despite ongoing macroeconomic uncertainty, including political disruptions from elections and ...

Constellation Energy (CEG.O) and Microsoft (MSFT.O) plan to restart the Three Mile Island nuclear plant, hoping they have scored a quick source of enough climate-friendly energy to power ...