#business

Cypriot businesses that consistently violate tax laws may soon find their premises sealed for at least 48 hours under a new enforcement tool granted to the tax department, if parliament passes ...

Limassol-based marine fuel trading firm Island Oil has opened a new international trading office in Dubai, marking its seventh trading desk globally and strengthening its presence across key marine fuel ...

The European Union’s extension of its Emissions Trading Scheme (ETS) to shipping has sent ripples across Mediterranean ports, and even Cyprus is feeling the undercurrents.  Starting January 1, 2024, any vessel ...

Tesla (TSLA.O) and its CEO Elon Musk are walking an increasingly difficult tightrope as the company navigates declining electric vehicle sales and an autonomous driving business that has yet ...

To achieve better and longer lasting batteries for electric vehicles, EU-funded researchers are developing technology that enables batteries to quickly detect damage and repair themselves. By Anthony King Batteries are ...

Growing use of artificial intelligence in advertising is expected to boost the global entertainment and media industry’s revenue to $3.5 trillion by 2029, according to PwC. The industry is projected to ...

One in four tech startups in Germany is considering leaving the country due to concerns that an economic slowdown in Europe’s largest economy was weighing on prospects for securing ...

This holiday season, US parents may have to make an extra pit stop – not for toys, but for the batteries that power them, as manufacturers pare down on frills and ...

Here are the top business stories in Cyprus from the week starting July 21: Sek general secreatary Andreas Matsas on Monday issued a strong defence of the Cost of Living Allowance (...

Some of the world’s top tech firms, including US search giant Alphabet, South Korean chipmaker SK Hynix and Indian IT services provider Infosys, have provided upbeat guidance in their ...

OpenAI and Oracle (ORCL.N) will develop another 4.5 gigawatts of data center capacity, expanding a tie-up that has promised hundreds of billions of dollars in infrastructure investment to keep the ...

British consumer sentiment had a marked fall for the first time in nearly three years last month, reflecting increased worries about job security, a Deloitte survey showed this week. Deloitte ...

German business activity continued to grow marginally in July, though at a slightly slower pace than in June, as manufacturing output expanded for a fifth consecutive month and services activity ...

Cyprus has secured a key role in pioneering brain research through the participation of the Cyprus Institute of Neurology and Genetics (CING) in the European project META-BRAIN, formally announced on ...

The Cyprus Stock Exchange (CSE) announced the results of its semi-annual review (January–June 2025) regarding compliance with minimum market value requirements for companies listed on the Regulated Market. The review ...

General Motors’ (GM.N) second-quarter earnings took a $1.1 billion hit from tariffs, but the automaker still beat analyst expectations for the period, supported by strong sales of its core gasoline ...

Asking prices for newly advertised British houses and apartments recorded their biggest July fall in more than 20 years this month, property site Rightmove said this week. Prices for property put ...

Alphabet’s Google and OpenAI said their artificial-intelligence models won gold medals at a global mathematics competition, signaling a breakthrough in math capabilities in the race to build systems that ...

Louis plc, a leading group active in cruises, hospitality, and travel services, on Friday announced the date for its 26th annual general meeting. The meeting will take place on September 11, 2025, ...

Real income per capita declined in both the euro area and the European Union during the first quarter of 2025, according to figures released on Friday by Eurostat. In the euro ...

Cyprus’ industrial sector relied primarily on oil and petroleum products and electricity in 2023, which together accounted for over half of its total energy use, according to Eurostat figures released on ...

The Deputy Ministry of Shipping released the official promotional video for the Maritime Cyprus 2025 Conference, which will bring together the global shipping community in Limassol from October 6 to 8 under the ...

Vassiliko Cement Works has reported strong financial results for the first half of 2025, with revenue reaching €78.8 million, marking a significant increase from €69.1 million during the same period last year. According ...

The Cyprus Stock Exchange (CSE) on Friday issued a market announcement highlighting the results of its semi-annual review regarding compliance with minimum market value requirements on the Regulated Market. According ...