#business

The European Central Bank could cut its deposit rate down to 2 per cent by this summer, said Bank of France head and ECB policymaker Francois Villeroy de Galhau in an ...

A total of 571 counterfeit euro banknotes were withdrawn from circulation in Cyprus in 2024, marking an 11 per cent decrease compared to the previous year, according to the Central Bank of Cyprus (...

Cyprus’ non-performing exposures (NPEs) increased by approximately €16 million in October 2024, reaching €1.61 billion, according to a report released by the Central Bank of Cyprus (CBC). This CBC reported that this figure ...

Policymakers around the world may not like the word ‘stagflation,’ but they’re going to hear a lot more it this year if the import tariffs US President Donald Trump ...

If a policy-driven turnaround in Europe’s biggest economy tempts the continent’s equity investors home, they may want to look to the bloc’s faster-growing and cheaper fringes. Global ...

US business activity nearly stalled in February amid mounting fears over tariffs on imports and deep cuts in federal government spending, erasing all the gains notched in the aftermath of ...

Here are the top business stories in Cyprus from the week starting February 17: Kicking off the week, access to high-performance computing has long been a barrier for creative professionals, engineers, ...

British businesses are cutting staff at the fastest pace in more than four years ahead of a tax increase ordered by finance minister Rachel Reeves which has already prompted suppliers ...

The Bank of Israel is expected to leave short-term interest rates unchanged at a policy meeting next week after inflation spiked in January, although analysts believe a rate cut is ...

Meta Platforms has cut back on its yearly distribution of stock options by about 10 per cent for tens of thousands of employees despite the social media giant trading at record ...

The ‘Money Conference 2025: Investment Outlook Opportunities & the AI Impact’, held in Nicosia this week, explored key investment prospects and the market impact of artificial intelligence. The conference, which was ...

The Cyprus Securities and Exchange Commission (CySEC) has announced a significant policy change, allowing for a broader range of cases in which prospectuses can be submitted in English. The regulator ...

Chinese startup DeepSeek will make its models’ code publicly available, it said on Friday, doubling down on its commitment to open-source artificial intelligence. The company said in a post on ...

British consumers turned a little less pessimistic this month as the Bank of England’s latest interest rate cut led to an improvement in expectations for their household finances, according ...

Alibaba’s shares opened 10 per cent higher in Hong Kong on Friday to reach their highest level in more than three years, after it reported third-quarter revenues just above analysts’ ...

The European Union will seek more gas from countries including the US to replace Russian supplies, and expand renewable energy faster to cut its overall reliance on the fuel, the ...

Deputy Minister of Tourism Kostas Koumis on Friday expressed optimism about Cyprus’ tourism sector in 2025. He pointed out that “strategic planning is essential” as the industry enters a new cycle ...

The Institute of Certified Public Accountants of Cyprus (ICPAC) and the Cyprus Institute of Internal Auditors (IIA Cyprus) renewed their agreement, reaffirming their commitment to good governance, transparency, and accountability. ...

The Digital Cooperation Organisation (DCO) has announced the winners of the prestigious Digital Prosperity Awards at its 4th General Assembly, held in Jordan’s Dead Sea region. The awards, aimed ...

Labour Minister Yiannis Panayiotou, in his intervention on Thursday at the ministerial conference organised by the Polish presidency of the EU in Gdańsk, addressed the challenges and opportunities presented ...

The ‘Money Conference 2025: Investment Outlook Opportunities & the AI Impact’, held in Nicosia this week, explored key investment prospects and the market impact of artificial intelligence. The conference, which was ...

Chinese technology company Lenovo reported a 20 per cent rise in third-quarter revenue on Thursday, as the global personal computer industry showed modest signs of recovery. Lenovo, the world’s largest ...

In the digital age, data has become the cornerstone of effective decision-making, offering unparalleled insights and opportunities, according to Anna Xinistery, general manager of consulting and professional development centre Kesea. ...

Toyota  in Cyprus remained the leader in the passenger car market in January 2025, registering 537 vehicles, while Mazda followed with 313 and BMW with 266, according to a report from the statistical service. ...