Singer Rihanna is officially a billionaire, Forbes says
Pop star Rihanna’s net worth is estimated at $1.7 billion, making her the richest woman musician in the world, but her music is not the...
Business
Ether falls 1 per cent ahead of major upgrade to network
Ether fell about 1 per cent on Wednesday ahead of a technical adjustment to its underlying ethereum blockchain that would alter the way transactions are...
Toyota, Honda beat profit estimates, chip shortage a worry
Toyota Motor Corp posted a record quarterly profit on Wednesday and Honda Motor Co (7267.T) raised its annual profit estimate as pandemic-hit sales rebounded, but...
UK private-sector growth slows to weakest since March
British private-sector growth slowed sharply last month due to supply-chain bottlenecks and high worker absences prompted by COVID-19 isolation requirements, a closely watched survey indicated...
Toy maker Mattel makes vaccine developer Barbie doll
British coronavirus vaccine developer Sarah Gilbert has many science accolades to her credit but now shares an honor with Beyonce, Marilyn Monroe and Eleanor Roosevelt:...
Turkish inflation hits two-year high
Turkish inflation jumped to 18.95 per cent in July, the country’s statistical authority announced on Tuesday. This is an increase from 17.53 per cent in...
Cyprus Business Now
Cyta’s new chairman of the board Michael Ioannides has officially assumed his duties, releasing an introductory statement about his new role. “The challenge, both for...
China imposes massive travel restrictions in fight against Delta variant
China has imposed massive travel restrictions, including temporary closure of airports and travel alerts for citizens to other places across the country, to contain the...
EU to create Visa-Waiver for travellers from outside the union
UK travellers to the European Union, and others from outside the union, will need a €7 electronic visa waiver by the end of next year, TTG...
Cyprus continues to partner with UK for business services, despite Brexit – Baker Tilly Cyprus
“Despite Brexit, despite the pandemic, the export of business services from Cyprus to the UK seem to have continued at a normal rate,” says Marios...
United Arab Emirates’ non-oil sector expands
The United Arab Emirates’ non-oil private sector expanded at its fastest pace in two years in July as demand rebounded from the COVID-19 pandemic, a...
Remember benefits of the office, Rishi Sunak says
British finance minister Rishi Sunak said young people benefit from being in offices and he doubted the enduring professional relationships that he forged while starting...
BMW says chip shortage, raw material prices to hit second half
BMW raised its 2021 profit forecast on Tuesday after strong quarterly results, but said the global semiconductor chip shortage and rising raw materials prices would...
Foot Locker makes $1.1 bln investment in smaller retailers
Foot Locker will buy two smaller shoe store chains for a total of about $1.1 billion in cash, the footwear retailer said on Monday as...
Cyprus Business Now
The Central Bank of Cyprus has released its Quarterly Financial Accounts (QFA) publication, providing aggregated data on the financial assets and liabilities in the financial...
Ferrari boss, as earnings triple, welcomes electric cars
Ferrari (RACE.MI), the sports car maker synonymous with roaring petrol engines, welcomes the shift to electric powertrains and is confident of retaining its lead in the...
IMF to share out $650bn among members — Cyprus included
The International Monetary Fund (IMF) said on Monday its board of governors approved a $650 billion allocation of IMF Special Drawing Rights and said its...
Facebook under investigation for proposed acquisition of software firm
The European Commission said on Monday it had opened an in-depth investigation into Facebook’s proposed acquisition of Kustomer over concerns that the deal would stifle...
Heineken doubles profit, warns on costs
Dutch brewing giant Heineken expects the COVID-19 pandemic to weigh on key Asian markets for the rest of the year and rising costs to dent...
HSBC profit more than doubles, loan-loss fears ebb as economies rebound
HSBC Holdings beat forecasts on Monday with first-half pretax profit that more than doubled from last year when it set aside $7 billion to cover...