#business

The Bank of Cyprus has received two accolades recognising its corporate responsibility at the Boussias Cyprus Responsible Awards 2023, according to a statement released on Wednesday by the bank. Specifically, the ...

Recent reports in the Daily Express about a supposed “panic” in Cyprus’ tourism industry due to a “huge drop” in bookings have been deemed outdated and sensationalist by local industry ...

Tesla (TSLA.O) on Tuesday reported its lowest profit margin in more than five years and missed Wall Street earnings targets in the second quarter, as the electric vehicle maker ...

Grid Telecom, a wholly-owned subsidiary of Greece’s Independent Power Transmission Operator (IPTO), and Dawiyat Integrated, a telecommunications arm of Saudi Electricity Company (SEC), this week signed a Memorandum of ...

Alphabet (GOOGL.O) beat second-quarter revenue and profit estimates on Tuesday, driven by a rise in digital advertising sales and healthy demand for its cloud computing services, but flagged that ...

The Cyprus Borrowers Association (Syprodat) this week said that it has initiated discussions with various political parties, aiming to explore the possibility of proposing a law to address the issue ...

Non-performing loans (NPLs) in the Cypriot banking sector remained virtually unchanged in May, totalling €1.77 billion compared to €1.80 billion the previous month, according to a report released this week by the ...

Despite numerous challenges, the Cyprus real estate market has shown resilience in the first half of 2024, with a notable increase in activity, according to the Cyprus Real Estate Agents Registration ...

A jump in British household savings since the COVID-19 pandemic appears here to stay and cannot be fully explained by higher interest rates or unemployment fears, according to the country’...

Israeli cybersecurity startup Wiz has ended talks with Google-parent Alphabet (GOOGL.O) on a reported $23 billion deal in which it would have become the US tech giant’s largest-ever acquisition, ...

Turkey’s central bank held its policy rate steady at 50 per cent on Tuesday as expected and repeated it remains highly attentive to inflation risks, even as it expects disinflation ...

The annual growth rate of Cyprus’ Composite Leading Economic Index (CCLEI) remained unchanged in June, according to a report released this week by the University of Cyprus’ Economics Research Centre (...

For the second consecutive month, the interest rate on short-term bonds issued by the Republic of Cyprus has declined, with increased demand compressing the offered yields. According to data released ...

The Cyprus Children’s and Young People’s Book Society, supported by Hellenic Bank, successfully wrapped up its innovative reading initiative titled ‘The Furry Book Club’. This year, both children ...

Limassol-based shipping company Intership Navigation on Tuesday announced the successful migration of its fleet, consisting of over 100 vessels and 3,000 seafarers, to Mintra’s Trainingportal Learning and Competency Management System. According ...

The Cyprus Consumers Association (CCA) this week reported a significant increase in consumer complaints during the first half of 2024, particularly in terms of passenger rights and organised travel. Complaints related ...

Chief Scientist Demetris Skourides this week used his presentation to the Cyprus Universities Rector Conference to lay out a vision for transforming Cyprus into a Regional Research, Innovation, and Technology ...

Commercial greenhouses in Europe are testing new energy and water efficiency technologies in support of the green transition. By Bárbara Pinho In the province of Almería in southeastern ...

Despite numerous challenges, the Cyprus real estate market has shown resilience in the first half of 2024, with a notable increase in activity, according to the Cyprus Real Estate Agents Registration ...

The EAC is moving forward with securing large plots of state land for building more photovoltaic (PV) parks, Electricity Authority director George Petrou said on Monday. “People have come forward ...

Apple is partnering with the philanthropic arm of real estate firm Sobrato and two other California-based groups to launch a fund with an initial investment of $50 million to support affordable ...

Meta Platforms has announced that it has decided to suspend use of generative artificial intelligence tools in Brazil in response to the government’s objections to its new privacy policy ...

EU antitrust regulators are asking industry participants if Google’s (GOOGL.O) multi-year generative artificial intelligence (AI) deal with Samsung (005930.KS) hinders rival chatbots on Samsung smartphones, according to an ...

Investment firm ECM Partners, whose Cypriot presence is based in Nicosia, and private fund manager Metric Capital Partners announced on Monday that they have agreed to sell a majority stake ...