#business

Fitch Ratings on Monday upgraded the Shareholder Support Rating (SSR) of Hellenic Bank Public Company Limited (Hellenic Bank) to “bb” from “bb-“. According to the agency, this follows the recent ...

50 women entrepreneurs recently celebrated the launch of the Academy for Women Entrepreneurs (AWE) 2024, marking the second year of the programme’s implementation in Cyprus. The event, which took place on ...

Cyprus’ competition watchdog has ruled that competition in the country’s banking market remains healthy, approving Eurobank’s acquisition of a 26.1 per cent stake in Hellenic Bank. With the transaction, ...

Foreign investors in Cyprus are increasingly shifting their focus from luxury properties to more affordable housing, driven by a desire for residency permits rather than citizenship. This shift, according to ...

Business accelerator Kinisis Ventures on Monday announced the launch of Kinisis Venture Fund II (KVF II), a new investment fund under the KV Kinisis Ventures Fund in Cyprus. According to ...

Mad Crusader’s Yarr Rash speaks to the Cyprus Mail about turning ideas into global IPs Following the recent announcement of a €30 million investment in premium AA games by Mad ...

The number of job vacancies rose by 5.8 per cent year-on-year in the second quarter of 2024, with an increase of 4.1 per cent compared to the first quarter of the year. According ...

Cyprus, the sun-soaked Mediterranean island, has long been known for its pristine beaches and ancient ruins. But in recent years, a new attraction has been drawing a different kind of ...

By Simone Tagliapietra A report on the future of European competitiveness, prepared by former Italian prime minister Mario Draghi and long awaited in Brussels, is finally out. It is expected ...

Employment in the public sector in Cyprus saw a 3.3 per cent increase in the second quarter of 2024 compared to the same period in 2023. According to the Cyprus Statistical Service (Cystat), ...

UBS Asset Management has been selling corporate bonds in its global portfolios during market rallies, a senior fund manager said, citing concerns that a slowing economy or the looming US ...

Adobe will unveil a new generative AI-powered video creation and editing tool in a limited release later this year, the software maker has said, as it looks to beef up ...

Abu Dhabi’s Etihad Airways plans to make its stock market debut no sooner than 2025, two people familiar with the matter said, in potentially the first IPO of a major ...

It is hard for Dogan Duman to see how he can keep his garment factory in central Turkey running much longer, even after firing a third of his staff to ...

The energy unit of Japan’s Panasonic Holdings (6752.T) has finalised preparations for the mass production of its 4680 electric-vehicle batteries, the company said this week, as it seeks to start ...

Samsung Electronics, the world’s top maker of smartphones, TVs and memory chips, is cutting up to 30 per cent of its overseas staff at some divisions, three sources with direct ...

Japan’s economy grew at a slightly slower pace than initially reported in the second quarter, hurt by downward revisions in corporate and household spending that point to a bumpier ...

Bank of Cyprus shareholders on Friday approved the listing of the bank’s ordinary shares on the Athens Stock Exchange (ATHEX), pending a delisting from the London Stock Exchange (LSE). ...

HSBC is mulling the combination of its Commercial and Investment banking divisions to eliminate overlapping roles at the lender and cut costs, according to Bloomberg News, citing people familiar with ...

Australia plans to set a minimum age limit for children to use social media citing concerns about mental and physical health, sparking a backlash from digital rights advocates who warn ...

Britain’s financial watchdog said this week it had granted an extension for ‘naming and marketing’ rules aimed at tackling ‘greenwashing’, giving firms until April 2025 to comply. It said funds ...

The United Arab Emirates’ economy grew 3.4 per cent in the first quarter of 2024 compared with the same period the previous year, according to preliminary government estimates reported by the state ...

The Bank of Cyprus on Friday announced an immediate reduction in its reference rate for loans linked to the European Central Bank’s (ECB) base interest rate. According to the ...

Bank of Cyprus shareholders on Friday approved the listing of the bank’s ordinary shares on the Athens Stock Exchange (ATHEX), pending a delisting from the London Stock Exchange (LSE). ...