https://knews.kathimerini.com.cy/en/business/tesla-drastically-lowers-ev-pricing-in-the-us-and-europe
After steadily increasing prices over the past couple of years, Tesla has cut them drastically across its lineup in the US and Europe, in an apparent bid to boost sales. ...
https://knews.kathimerini.com.cy/en/business/rolls-royce-cruises-to-record-sales-thanks-to-ongoing-luxury-demand
Rolls-Royce on Monday reported record sales last year despite an average price tag of around $534,000 for its luxury cars and a drop in Chinese demand, with orders stretching into 2023....
https://knews.kathimerini.com.cy/en/comment/opinion/looking-ahead-to-2023-house-prices-in-cyprus
The end of 2021 saw Europe’s and Cyprus’ economies gradually recovering from the two-year rollercoaster ride of lockdowns, the stock market at record highs, and inflation increasing....
https://knews.kathimerini.com.cy/en/business/what-consumers-should-lookout-for as-january-sales begin
The Ministry of Commerce is intensifying its market checks due to the January sales, especially in clothing and footwear stores. At the same time, consumers are urged to be informed of their rights and to be particularly careful about cases of misleading advertisements....
https://knews.kathimerini.com.cy/en/business/cyprus-airways-flights-up-406-in-november-compared-to-last-year
Cyprus Airways announced today that a 406% increase was recorded in flights last November, compared to the corresponding month in 2021....
https://knews.kathimerini.com.cy/en/business/what-did-cypriot-consumers-purchase-in-2022
Cashless transactions have significantly increased since businesses are now required to accept credit or debit cards. Card payments now account for approximately 72% of all commercial transactions, rather than cash. ...
https://knews.kathimerini.com.cy/en/business/cyprus-retail-sector-continues-climb-despite-inflation
Black Friday, with its high levels of traffic and shopping, appears to have given way to the Christmas holiday season. The market is still moving well, with increased foot traffic in shopping malls and main streets....
https://knews.kathimerini.com.cy/en/business/black-friday-see-how-the-annual-shopping-event-is-shaping-up-photos
On Thursday afternoon, sales began to increase significantly, particularly in shopping centers that benefited from favorable weather conditions, however, as of Friday morning, traffic appears to be somewhat subdued, at least in comparison to the corresponding images from 2019....
https://knews.kathimerini.com.cy/en/business/slump-in-car-sales-recorded-in-october
Total car sales dropped significantly in October 2022 compared with the month before mainly due to the steep drop in passenger saloon cars....
https://knews.kathimerini.com.cy/en/news/cyprus-senator-friend-under-criminal-investigation
Cyprus friend Bob Menendez is once again under federal criminal investigation, with the news coming just days after the senator’s plan to block Turkey from getting F-16 jets was undone...
https://knews.kathimerini.com.cy/en/news/cyprus-made-when-to-expect-the-branded-products
Local products can now be branded as Cypriot-made. After a year of work, consultations, and procedures, as well as research into international examples, a new brand name for Cypriot products has been developed: Cyprus Made - Unique by origin....
https://knews.kathimerini.com.cy/en/news/government-offers-cash-for-whistleblower-s-torched-cars
The transport minister in the Republic of Cyprus has been credited with a Cabinet decision to compensate a state employee, whose family vehicles were torched after he blew the whistle on a car sales scam...
https://knews.kathimerini.com.cy/en/news/two-families-sue-amazon-for-selling-suicide-kits-to-teens
Amazon is facing a lawsuit accusing it of selling so-called suicide kits, brought by the families of two teenagers who bought a deadly chemical on the company's website and later used it to take their own lives....
https://knews.kathimerini.com.cy/en/news/why-evs-are-a-flop-in-cyprus-…-so-far
It's only a 150-kilometer drive across Cyprus; well below how far an average electric vehicle can drive on a single charge. Range anxiety — a major barrier in the shift to EVs — shouldn't be a thing....
https://knews.kathimerini.com.cy/en/business/non-pdo-halloumi-being-sold-off-at-deeply-discounted-prices
Many supermarket chains and stores that sell halloumi are offering deep discounts on singular or bulk sales of the cheese. These are clearly those products that do not fall within the PDO specifications and are not labeled accordingly....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-now-is-a-good-time-to-follow-the-simple-rule-of-28-36
Rising prices have been a major topic of discussion over the past few weeks. In essence, however, little can be done by individuals to mitigate the effects of rising fuel and commodity prices on a global scale....
https://knews.kathimerini.com.cy/en/news/eu-states-facilitating-employment-of-third-country-nationals-to-ease-labor-shortage
The European Union’s population is aging. The factors behind this phenomenon are many, but the declining fertility rates and the increased life expectancy, along with migration to countries like the United States, the United Kingdom, Canada, and Australia, are the main ones....
https://knews.kathimerini.com.cy/en/business/lidl-continues-to-expand-its-stationary-trade-and-now-operates-more-than-12-000-stores-internationally
Lidl continues to expand its operation in Cyprus and is opening a new store in Limassol on Thursday, July 28. ...
https://knews.kathimerini.com.cy/en/business/top-position-in-luxury-car-sales-for-porsche-and-a-i-motokinisi-ltd-in-cyprus
Porsche Cyprus in a leading position in terms of sales in the first half of 2022...
https://knews.kathimerini.com.cy/en/news/us-house-passes-bill-restricting-f-16-sales-to-turkey
The US House has approved an amendment for blocking F-16 sales to Turkey....
https://knews.kathimerini.com.cy/en/news/retail-trade-in-the-grip-of-inflation
The market is under intense pressure due to the inflationary trends of recent months with consumers appearing hesitant on their trips to retail stores. More shoppers are looking for special offers and refraining from impulsive buys....
https://knews.kathimerini.com.cy/en/business/can-something-really-come-from-nothing
A consumer electronics start-up called Nothing has secured financing of more than $200mn to launch its debut smartphone, in the first attempt for several years by a newcomer to crack a market dominated by Apple and Samsung....
https://knews.kathimerini.com.cy/en/business/20-years-of-the-cayenne-the-‘third-porsche-–-an-extraordinary-success-story
Ferry Porsche predicted it back in 1989: “If we build an off-road model according to our standards of quality, and it has a Porsche crest on the front, people will buy it.” He would go on to be proved right. ...
https://knews.kathimerini.com.cy/en/business/the-end-of-an-era-as-revlon-files-for-bankruptcy
The US cosmetics group Revlon has filed for bankruptcy protection after battling supply chain problems and failing to compete with celebrity-backed and social media-savvy upstarts....
https://knews.kathimerini.com.cy/en/news/ferrari-to-launch-its-first-electric-only-car-in-2025
Ferrari is aiming for two of every five cars it sells to be fully electric by 2030, as the luxury brand tries to marry the need to reduce emissions with a reputation built on the prowess of its traditional engines....
https://knews.kathimerini.com.cy/en/news/us-fed-raises-interest-rates-by-75-largest-hike-in-30-years
The US central bank has announced its biggest interest rate rise in nearly 30 years as it ramps up its fight to rein in soaring consumer prices....
https://knews.kathimerini.com.cy/en/news/no-end-in-sight-to-weekly-price-hikes-in-fuel
Increases in fuel prices are taking place almost on a weekly basis, according to gas station owners. ...
https://knews.kathimerini.com.cy/en/business/lidl-cyprus-strengthens-the-cyprus-red-cross-for-the-9th-consecutive-year
The amount of €45,500 was raised with the contribution of its customers, from the sales of Favorina products....
https://knews.kathimerini.com.cy/en/business/fee-free-cash-withdrawals-at-supermarkets-and-bakeries
Following an international trend, consumers in Cyprus will now be able to withdraw cash without a fee at participating supermarkets, bakeries, butchers and gas stations. The maximum withdrawal limit is set at 100 euros....
https://knews.kathimerini.com.cy/en/news/op-ed-america-has-more-guns-than-any-other-country
America has been shaken — once again — by mass shootings. On May 14, a gunman killed 10 people in a supermarket in Buffalo. On Tuesday, at least 19 children and two adults were killed in Uvalde, Texas. ...
