#business

Cyprus’ refinancing needs will remain within manageable levels for the coming years, well below the ten per cent of GDP threshold. Projections estimate requirements at around three per cent of ...

There is no urgency for the European Central Bank to cut interest rates quicker and it could even live with a small, temporary undershoot of its inflation target, Belgian central ...

Abu Dhabi is emerging from Dubai’s shadow as it attracts its own share of asset managers’ and billionaires wealth, helping cement United Arab Emirates’ role as an alternative to ...

British business confidence sank to a four-month low in October ahead of the first budget plan from the country’s new government, a survey showed on Monday, echoing other signs ...

The Bank of England is reluctantly pressing on with work to create a form of digital money accessible to the general public, as commercial banks risk failing to keep up ...

Tesla (TSLA.O) CEO Elon Musk stunned investors and analysts with plans to grow vehicle sales by 30 per cent next year, buoyed by a new, cheaper model and enthusiasm for ...

Financial support and advisory services are essential for Cyprus’ small and medium-sized enterprises (SMEs) to enhance resource efficiency, according to a Eurobarometer survey. The survey, published by the European Commission, ...

Cyprus has made significant progress in attracting established tech companies to relocate their headquarters to the island, but there’s a critical aspect that needs improvement – the nurturing of early-stage ...

Cyprus recorded a 9.83 per cent enterprise birth rate and a 5.8 per cent business closure rate, positioning it moderately among EU countries for business growth and stability, according to a Eurostat ...

Former European Central Bank President Mario Draghi has issued a stark warning that Europe’s competitiveness is slipping amid intensifying economic challenges. In a recent report, Draghi called for urgent ...

Growth in pay awards by British employers stagnated during the three months to September and firms expect average wage rises to cool over the coming 12 months, according to a survey ...

The European Union said this week it had joined forces with leading venture capital firms from the region to boost investment in tech innovation in Europe, amid concerns that Europe’...

Britain’s commercial property market is returning to life after its post-pandemic freeze, albeit largely at much lower prices. Some big-ticket office properties now on sale will show just where ...

By Waylon Cunningham Starbucks’ new CEO Brian Niccol has his work cut out for him. Tasked with reassuring investors that the company’s coffee shops are still hugely popular in ...

Lloyds Banking Group shrugged off fears of a bank tax hike in the UK budget next week, with CFO William Chalmers saying Britain’s biggest mortgage lender would play its ...

Here are the top business stories in Cyprus from the week starting October 21: A significant share of Cypriot wealth continues to languish in low-interest bank deposits, despite alternative investment options, ...

Shares in SAP (SAPG.DE) were up 5 per cent at market open on Tuesday, hitting an all-time high of 221 euros ($239.21) after the German software company raised its full-year targets on ...

Qualcomm (QCOM.O) has announced it is teaming up with Alphabet’s (GOOGL.O) Google to offer a combination of chips and software that will let automakers develop their own ...

Anthropic, a startup backed by Alphabet (GOOGL.O) and Amazon.com (AMZN.O), released a pair of updated artificial intelligence models this week, along with a new capability to autonomously ...

Dutch brewer Heineken’s (HEIN.AS) third-quarter sales figures beat forecasts earlier this week, buoyed by higher priced and non-alcoholic beers, but full-year guidance was left unchanged. The world’s ...

The Central Bank of Cyprus reported on Friday that total loans in Cyprus increased by €107.3 million in September, reversing a decline recorded in the previous month. This growth was primarily ...

By Charles Ellinas Finally, some good news about the beleaguered LNG import project in Cyprus. Energy Minister Giorgos Papanastasiou confirmed in parliamentary hearings that an agreement has been reached with ...

Cyprus’ Composite Leading Economic Index (CCLEI), maintained by the University of Cyprus’ Economics Research Centre (CypERC), recorded a year-on-year increase of 1.1 per cent in September 2024. This follows annual growth rates ...

The European Union, rushing to develop a 9 million euro joint purchasing mechanism for critical minerals and energy, is choosing between eight bidders vying to develop a platform, documents showed and ...