Mercedes-Benz hits accelerator in e-car race with Tesla
Mercedes-Benz maker Daimler plans to invest more than 40 billion euros ($47 billion) by 2030 to be ready to take on Tesla in an all-electric car market, but warned the shift in technology ...
Italian fashion boss offers vaccine holdouts 6 months paid leave
Italian luxury boss Brunello Cucinelli is offering six months of paid leave to a handful of employees who have refused to vaccinate in order to protect workers who have taken ...
Britain unveils plan to return NatWest to majority private control
Britain’s government on Thursday unveiled a blueprint for returning NatWest (NWG.L) to majority private ownership within a year, more than a decade since bailing out the lender at ...
EFG sees net profit triple in first half of 2021
Zurich-based EFG Bank, present in Limassol and Nicosia, saw IFRS net profit triple to CHF 106.5 million (€98.4 million) on CHF 629.3 million (€581.2 million) in revenue for the first half of 2021, according to ...
US and Germany strike deal on Nord Stream 2 pipeline
German Chancellor Angela Merkel and US President Joe Biden on Thursday reached an agreement on the Nord Stream 2 pipeline that will carry gas from Russia to Europe, bypassing Ukraine, on ...
Airline passengers demand global Covid-19 travel pass — IATA
Airline passengers are fed up with confusion at airports due to Covid-19 health checks, and want to see a unified global system put in place.
This is according to a ...
Budapest Airport sees record cargo turnover thanks to China’s Alibaba
The Budapest Airport has reported a record turnover for its first six months in 2021, thanks to the Chinese e-commerce giant Alibaba, the airport informed Wednesday.
“Thanks to the record half-year, ...
Musk says Tesla ‘most likely’ to accept bitcoin again
“I might pump, but I don’t dump,” said Elon Musk on Wednesday. “I definitely do not believe in getting the price high and selling … I would like to see ...
‘Cyprus now has a central plan to transform the economy’ – Finance Minister
The public consultation on “Vision 2035: Long-Term Strategy for the Sustainable Development of the Cypriot Economy,” was launched on Wednesday.
Speaking at the launch conference, Finance Minister Constantinos Petridis noted that ...
Israel shakes up agriculture sector to cut produce costs
Israel’s government on Wednesday unveiled a plan to lower fresh produce costs by cutting customs duties and opening the sector to competition, potentially ending years of prices far above ...
J&J raises revenue forecast, estimates $2.5 bln in COVID-19 vaccine sales
Johnson & Johnson on Wednesday forecast $2.5 billion in sales of its one-shot COVID-19 vaccine this year based on the current price of $5 per dose and said that could rise to $8 ...
No direct impact on sales from Ronaldo snub -Coca-Cola CFO
Coca-Cola has not seen any direct sales impact after Portugal soccer player Cristiano Ronaldo removed two bottles of its soda placed in front of him at a Euro 2020 press conference ...
RCB Bank’s credit rating affirmed, Outlook upgraded to positive by Moody’s
Moody’s Investors Service has affirmed RCB Bank’s deposit rating and upgraded its outlook from stable to positive in its newly published and updated press release on the Bank.
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Brexit: UK and EU set for conflict over North Ireland border as Frost seeks to change the rules
The UK will on Wednesday announce demands that are expected to violate post-Brexit trading arrangements between Great Britain and Northern Ireland.
The Northern Ireland Protocol, agreed by the UK and ...
Netflix to add mobile video games as subscriber growth slows
Netflix Inc (NFLX.O) said it would make a deeper dive into video games as the movie and TV streaming service projected weak subscriber growth amid growing competition and the ...
EU to ‘close the door’ on money-laundering
The European Commission on Tuesday proposed the creation of an anti-money laundering authority to clamp down on financial crime across the European Union (EU).
“These are bold steps to close ...
Bitcoin falls below $30,000 for first time in a month
Bitcoin fell on Tuesday to its lowest in almost a month, slumping below $30,000 as regulators continued calls for tighter checks on cryptocurrencies.
The world’s largest cryptocurrency fell as much ...
Robinhood expecting up to $35 bln valuation in huge IPO
Robinhood Markets Inc is targeting a valuation of up to $35 billion in its initial public offering in the United States, the company revealed in a Monday filing, setting the stage ...
European travel demand drives easyJet summer comeback
EasyJet plans to fly 60 per cent of its pre-pandemic capacity in July-September as a travel recovery takes hold in mainland Europe, and Britain is expected to catch-up in the coming ...
UK shopper numbers up 0.9 per cent last week on weather boost
Shopper numbers across Britain rose 0.9 per cent in the week to July 17 compared with the previous week, boosted by the return of sunny weather, researcher Springboard said on Monday.
It ...
Israel reacts to spyware scandal after journalists are hacked
Israel’s Defence Ministry said on Monday that the export of cyber products, like spyware sold by NSO Group, was for lawful use and with the sole purpose of fighting ...
Africa’s largest hydropower project GERD delayed by Sudan-Ethiopia talks
Sudan on Monday reiterated its rejection of Ethiopia’s completion of the second filling of the Grand Ethiopian Renaissance Dam (GERD).
The Grand Ethiopian Renaissance Dam (GERD) is a 6,450 MW ...
Libyan conflict has cost $580bn; EU plans military mission
The EU is firming up plans for a military mission to Libya in order to compete for influence with foreign powers there, the EUobserver reported on Monday.
This is in ...
Cyprus economy gets growth spurt
The Cypriot economy continues to recover after registering an impressive year-on-year growth rate of 11.2 per cent in June according to a report by the University of Cyprus Economic Research Centre.
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