By Avgi Michael and Anastasios Kostekoglou The Digital Omnibus arrives at a critical juncture for Europe, amid growing debate as to whether the cumulative effect of its regulatory framework has constrained competitiveness, particularly considering differing approaches adopted abroad. The case for simplifying digital laws The European Commission has expressly acknowledged the need for a more […] Courtesy of Cyprus Mail | News…
The Larnaca Chamber of Commerce and Industry (Evel) has welcomed the government’s decision to establish the Cyprus University of Technology’s (Tepak) new School of Marine Sciences in Larnaca, calling it a milestone for the city’s academic and economic future. In an announcement, the chamber said it “welcomes the decision of the Council of Ministers to […] Courtesy of Cyprus Mail | News…
British shoppers spent more in August, helped by summer weather and stronger demand for food, furniture and back-to-school computers – though some of the increase reflected higher food prices too, the British Retail Consortium said on Tuesday. The BRC said spending at its members, mostly larger retail chains, increased by 3.1 per cent in annual […] Courtesy of Cyprus Mail | News…
The downturn in Britain’s construction industry abated slightly in June as homebuilding returned to growth, but commercial building activity tumbled thanks to mounting worries about the economy, a survey has shown. The S&P Global UK Construction Purchasing Managers’ Index rose to 48.8 from 47.9 in May, a six-month high but still below the 50 threshold […] Courtesy of Cyprus Mail | News…
The number of registered unemployed persons in Cyprus stood at 7,378 at the end of May 2025, according to data released on Wednesday by the Cyprus Statistical Service (Cystat). However, based on seasonally adjusted figures, which better reflect underlying trends by eliminating seasonal effects, registered unemployment for May dropped slightly to 9,708 persons, compared to […] Courtesy of Cyprus Mail | News…
EU antitrust regulators, who are examining European satellite company SES’s (SESFg.LU) $3.1-billion bid for Intelsat, have asked the two companies’ customers whether Elon Musk’s Space X-owned Starlink is a credible rival to them. The responses will determine whether the European Commission, the EU executive, clears the deal with or without concessions or opens a full-scale […] Courtesy of Cyprus Mail | News…
The Crystal Springs Beach Hotel in Protaras is set to undergo an expansion, with Derova Ltd announcing a €13.5 million development project to improve the facility and increase its capacity. This proposed plan will be implemented over the next 12 months on a 14,858 square metres plot in the Vrysoudia area of Paralimni municipality. The […] Courtesy of Cyprus Mail | News…
British pay growth in the private sector picked up in the three months to November but a plunge in payrolls added to signs of a softer labour market, according to data released this week that offered mixed signals for Bank of England interest rate-setters. Private-sector average weekly earnings growth excluding bonuses – a measure watched […] Courtesy of Cyprus Mail | News…
The Bank of Cyprus on Friday outlined a range of initiatives designed to ease the financial strain on customers in the face of market interest rate volatility. In its announcement, the bank detailed key measures such as interest rate reductions and a customer rewards programme, aimed at reducing loan servicing costs to borrowers. “We have […] Courtesy of Cyprus Mail | News…
Google (GOOGL.O) has pledged 25 million euros ($26.98 million) to help people in Europe learn to use artificial intelligence (AI). Announcing the funding on Monday, the tech giant said it had opened applications for social enterprises and nonprofits that could help reach those most likely to benefit from training. The… Courtesy of Cyprus Mail | News…