#business

Europe’s battery storage capacity is expected to grow around five-fold by 2030, bringing with it increasing returns for energy majors, project developers and traders, as the cost of new projects ...

Cypriot banks have lowered their key interest rates, with expectations of further reductions throughout 2025, in response to decisions made by the European Central Bank (ECB), according to a report from ...

The European Central Bank hopes US President Donald Trump’s plan to support cryptocurrencies pegged to the US dollar will speed up legislative backing for the digital euro, ECB board ...

Britain is under pressure from bond dealers and investors to sell fewer long-dated government bonds – which briefly slumped in value earlier this year – as it seeks to finance around 300 billion ...

European Central Bank interest rates have room to fall further as inflation moderates, ECB board member Piero Cipollone said, warning that the US administration’s trade war with China could ...

Here are the top business stories in Cyprus from the week starting February 3: Non-profit social venture and think tank CyprusInno, powered by SocialTech Lab, has successfully concluded the 2024 Academy for ...

European data centres will expand capacity by 22 per cent this year and yet struggle to meet demand, raising the risk Europe will be left be further behind in the race ...

Alphabet has announced that it will spend $75 billion on its AI buildout this year, 29 per cent more than Wall Street expected, and investors signaled disappointment at a missed cloud revenue ...

British investors yanked a net 640 million pounds ($799 million) from equity funds in January, ending a long run of inflows, as UK-focused funds suffered their sixth-biggest monthly net withdrawals on record, ...

Registrations for new electric vehicles in the UK rose in January but their market share remained short of the 28 per cent mandate for the year, industry data showed. The Society ...

Spain’s services sector continued to expand in January, although at a slower pace than in December, as new business volumes rose sharply, according to a survey by S&...

Cyprus Stock Exchange (CSE) president Marinos Christodoulides, has called for greater state support for the exchange, saying that it has a critical role as a tool for economic and corporate ...

Following the publication by the EU of ‘Justice-focused approach key to effective energy poverty solutions’, energy poverty in Europe was again in the news last week. This is based on ...

Advanced Micro Devices (AMD.O) shares fell 9 per cent in premarket trading on February 5, after the company’s AI chip revenue failed to meet lofty expectations of investors betting billions ...

All eyes are on the French capital next week to see if US President Donald Trump’s administration can find common ground with China and nearly 100 other nations on the ...

Saudi Arabia’s non-oil business sector expanded at its strongest pace in just over a decade in January, driven by a surge in new orders and robust business activity, a ...

French software group Dassault Systemes (DAST.PA) has announced a long-term partnership with Volkswagen (VOWG_p.DE) to accelerate the German automaker’s transition towards software defined vehicles. Dassault’s ...

Ford’s (F.N) January sales in the US fell 6.3 per cent owing to lower demand for its internal combustion (ICE) vehicles, the company said this week. The automaker sold ...

Hilton Worldwide beat Wall Street estimates for fourth-quarter profit on Thursday, as strong demand for business travel led to higher bookings for the hotel operator, sending its shares up 5 per ...

Cyprus Stock Exchange (CSE) president Marinos Christodoulides, has called for greater state support for the exchange, saying that it has a critical role as a tool for economic and corporate ...

Deputy Shipping Minister Marina Hadjimanolis visited Doha from February 4 to 6, in a move to strengthen maritime ties, according to an announcement released on Friday. Invited by Qatar’s Minister of ...

The latest edition of the Supply Chain & Logistics Conference & Exhibition examined the crucial role of the supply chain in modern business, emerging trends, and new opportunities for improvement. ...

The Bank of Cyprus on Friday announced that it has introduced a new operational model for its branch network. According to the bank, this aims to enhance customer service through ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides praised the resilience of Cyprus’ economy in the face of global challenges on Thursday, during a monthly meeting of the Cyprus Shipping ...