#business

The International Air Transport Association (IATA) recently announced the continuation of a robust post-pandemic surge in passenger traffic throughout September. The momentum observed in passenger demand during this month contributes ...

Microsoft (MSFT.O) this week announced a duo of custom-designed computing chips, joining other big tech firms that – faced with the high cost of delivering artificial intelligence services – are bringing ...

China’s Lenovo Group Ltd (0992.HK) on Thursday posted a 16 per cent fall in revenue for the three months through September, meeting market expectations, as supply for personal computers (PCs) ...

Britain’s Ocado Group (OCDO.L) has secured its first deal outside grocery retail to provide its robotic warehouse technology to a site of drug distributor McKesson Corp’s (MCK....

The Cyprus Council for Registration of Real Estate Agents this week announced a staunch stance against any collaboration or support offered by licensed real estate agents to individuals operating unlawfully ...

The Cyprus Chamber of Commerce & Industry (KeveI) on Friday announced that it has prolonged the application deadline for its I-STARS grant scheme, catering specifically to tourism businesses. The extension ...

The third quarter of 2023 saw a significant decline in the assets of investment organisations in Cyprus, despite a rise in their numbers, according to a report released on Friday by ...

The Harmonised Index of Consumer Prices (HICP) in Cyprus increased by 3.6 per cent in October 2023, compared to October 2022, while registering a decrease of 0.1 per cent compared to the previous month, ...

By Charles Ellinas The UN Intergovernmental Panel on Climate Change (IPCC) released in September a review of the energy transition progress on meeting the Paris Agreement goals, referred to as ...

Hyundai Motor (005380.KS) unveiled its first high-performance electric vehicle(EV), an N sport variant of its IONIQ 5 crossover SUV. The South Korean automaker said that the IONIQ 5 N, which will ...

The one-stop-shop shipping centre, operating within the Deputy Ministry of Shipping, is slated to commence its operations on Monday, November 20, according to an announcement released this week. Following a Cabinet ...

Tourist arrivals in Cyprus during the first ten months of 2023 soared by 21.1 per cent compared to last year, according to a report released on Friday by the Cyprus Statistical Service (...

The Cyprus Investment Funds Association (CIFA) on Friday expressed its commendation for the recent approval by the Cabinet of a draft law regarding the establishment and operation of Fund Managers ...

Cyprus is grappling with heightened economic uncertainty as October witnessed a marked spike in the Economic Policy Uncertainty (EPU) index, escalating to 256.63 from September’s relatively stable 202.84, according to the ...

British retail sales volumes fell unexpectedly in October as stretched consumers stayed at home, official data showed on Friday, in a new warning sign for the economy. Retail sales volumes ...

Airbus (AIR.PA) won a consolation order for 15 A350-900 jets from Emirates on Thursday after a public row between the Mideast giant and engine maker Rolls-Royce (RR.L) prevented ...

Some of the major banks in the world expect global economic growth to slow further in 2024, squeezed by elevated interest rates, higher energy prices and a slowdown in the world’...

Oil prices were little changed on Friday but on track for their fourth straight week of losses after tumbling about 5 per cent to a four month-low on Thursday on worries ...

OpenAI, whose generative AI products initially raised fears of widespread cheating on homework, is now exploring how it can get its popular ChatGPT chatbot into classrooms, according to a senior ...

Alpha Bank Cyprus this week announced that it conducted a special event on Tuesday, November 14, at its headquarters in Nicosia, in support of Men’s Health Awareness Month, in order ...

The head of the International Monetary Fund has urged countries to make a more proactive push to develop central bank digital currencies (CBDC). Eleven countries, including a number in the ...

British house prices fell in annual terms in September for the first time since 2012 and rents rose sharply last month, official data showed earlier this week, underlining the weak state ...

Construction sector described as the engine of the Cypriot economy Cyprus Land and Building Developers Association (LBDA) president Michalis Hadjipanayiotou on Thursday lauded the local property sector’s robustness, reflected ...

The Finance Ministry on Thursday said that the European Commission’s autumn forecast has underlined the resilience of the Cypriot economy, along with its flexibility and adaptability to challenging economic ...