#BusinessPick

Apple’s smartphone shipments in China tumbled 19 per cent in the first quarter of the year, the worst performance since 2020, as the iPhone maker took a hit from Huawei’s (...

Deputy Minister of Tourism Kostas Koumis this week addressed the growing need for foreign workers in Cyprus’ tourism sector, attributing it to the surge in tourist arrivals exacerbating labour shortages. ...

British travel company Jet2 (JET2.L) has forecast a 33 per cent jump in its annual profit, and said 55 per cent of seats were sold for this summer season on strong ...

Shares in Snap soared nearly 30 per cent in thin volume in Frankfurt on Friday after the owner of the photo messaging app beat Wall Street expectations for quarterly revenue and ...

The Central Bank of Cyprus (CBC) on Friday reported an increase in both loans and total deposits within the Cypriot banking system for March 2024. According to the CBC, liquidity, measured ...

US auto safety regulators said Friday they have opened an investigation into whether Tesla’s recall of more than 2 million vehicles announced in December to install new Autopilot safeguards is ...

Cyprus emerges prominently in recently released Eurostat data, both as a country with a high proportion of overqualified workers, and as a leader in the Information and Communication Technology (ICT) ...

A meeting was held this week in Guangzhou, China, which brought together the Deputy Minister of Shipping, Marina Hadjimanolis, the president of the Cyprus Chamber of Commerce and Industry (Keve) ...

Eurozone consumers lowered their expectation for inflation over the next 12 months in March but continued to see price growth above the European Central Bank’s 2 per cent target further out, ...

President Nikos Christodoulides this week expressed confidence in Cyprus’ ability to successfully the current global climate, dominated by uncertainty and instability, despite numerous regional and geopolitical developments. He also stated ...

The Central Bank of Cyprus (CBC) has calculated the reference interest rate at 11.42 per cent, exercising the powers granted to it by Article 314A of the Criminal Code Law, Chapter 154. ...

Microsoft and Google showed investors that heavy artificial intelligence investment can pay off with rising revenue, allaying concerns raised a day earlier by Meta, which said its expensive foray into ...

Russian Deputy Foreign Minister Sergei Ryabkov has accused the United States of exerting pressure on Turkey’s national airline to bar Russian citizens from flights bound to Mexico. His comments ...

Hellenic Bank on Thursday announced that it has entered into exclusive negotiations and a put option with CNP Assurances for the acquisition of its subsidiary CNP Cyprus Insurance Holdings Limited, ...

Unilever (ULVR.L) beat first-quarter sales forecasts on Thursday as the maker of Dove soaps and Hellmann’s mayonnaise won back shoppers who had traded down to cheaper products during ...

Cypriot beverage company Keo this week released its financial results for the fiscal year 2023, showcasing substantial growth in both turnover and profits compared to the previous year. According to the ...

The Paphos Regional Board of Tourism (Etap) is participating in the SMARTIES for SMEs project under the COSME programme, which is aimed at enhancing competitiveness in the tourism sector by ...

External reasons, combined with Cyprus’ economic conditions, are affecting both local and international demand in the local property sector, according to Michalis Tsangarides, director of Delfi Partners, who noted that ...

The Bank of Cyprus on Thursday announced the successful launch and pricing of €300 million in green senior preferred notes under its EMTN Programme. According to an official announcement by the ...

The Cyprus Research and Innovation Centre (CyRIC) recently announced that a groundbreaking lab-on-chip platform, named MultiLab, has been developed to meet the growing demand for small, versatile sensors that can ...

The Cyprus Borrowers Association (Syprodat) this week released a statement urging the government to enact targeted measures to combat rising costs, endorsing the positions of political parties Disy and Akel ...

Boeing on Wednesday reported its first quarterly revenue drop in seven quarters, but the US planemaker beat Wall Street expectations that were lowered after a January mid-air blowout of a ...

Hellenic Bank is reportedly on the verge of finalising a deal with French insurer CNP Assurances to acquire its insurance operations in Cyprus, it emerged on Wednesday. Citing sources within ...

Lloyds Banking Group’s (LLOY.L) pretax profit slid by 28 per cent in the first quarter, as rising costs, peaking interest rates and intensifying competition in the mortgage market hit ...