International

PayPal said it was expecting an addition of about 50 million active users in 2021 and forecast annual revenue of about $25.5 billion, well above the $21.4 billion estimated by analysts. Its shares were ...

Denmark will launch a vaccine passport by the end of the month, and those who hold it will obtain special privileges, the Danish government announced on Wednesday. Morten Bodskov, Denmark’...

Lawyers on both sides of the Channel have been left in limbo by the Brexit accord. Although Prime Minister Boris Johnson has claimed that “solicitors and barristers got a good ...

German carmaker Daimler said on Wednesday it plans to spin off Daimler Truck, the world’s largest truck and bus maker, as it seeks to increase its investor appeal as ...

Japan’s Sony Corp raised its full-year profit outlook by one-third, helped by pandemic-fuelled demand for games, movies and other content, but said it was struggling to build enough PlayStation 5 ...

Annual Turkish inflation rose 15 per cent in January from 14.6 per cent a month ago. Core inflation, which strips out food and energy prices, also increased to 15.5 per cent, the Turkish ...

Certain television advertising in Ryanair’s ‘Jab & Go’ ad campaign has been banned by the UK Advertising Standards Authority (ASA). The tv ads showed a syringe, and a vaccine ...

EFG International, a private banking group, is expanding its presence in Cyprus after receiving regulatory licences from the Cyprus Securities and Exchange Commission (CySEC) and the Central Bank of Cyprus (...

Limassol-based gaming producer Nexters Global, the game developer behind Hero Wars and Throne Rush, is going public in a Special Purpose Acquisition Company (SPAC) deal with the Moscow-based Kismet Acquisition ...

A stronger than expected rebound in the automotive and machinery industries where customers released their pent-up demand boosted Siemens’ first-quarter results, deputy CEO Roland Busch said on Wednesday. Busch, who ...

Amazon Web Services (AWS) chief Andy Jassy will replace billionaire founder Jeff Bezos as Amazon.com’s next chief executive officer. Here’s what we know about the incoming CEO: ...

One year into the coronavirus pandemic, Ethiopia looks set to become a test case for how the world’s poorest countries deal with huge debt increases as the crisis bites. ...

Amazon.com Inc on Tuesday said founder Jeff Bezos would step down as CEO and become executive chairman, as the company reported its third consecutive record profit and quarterly sales ...

Alibaba Group founder Jack Ma has been left off a list of Chinese entrepreneurial leaders published by state media – the snub underscoring how just far he has fallen out of ...

The government of Cyprus on Tuesday raised €1 billion with the sale of a five-year Euro Medium Term Note (EMTN). The debt security sale is part of the planned issuance by ...

Ryanair on Tuesday announced that it will add five additional flights every week from Paphos to Tel Aviv as part of its Summer 2021 schedule. Following strong demand from Cypriot consumers, ...

Fresh from toppling the head of Germany’s top financial regulator last week, German lawmakers are turning their fire on finance minister Olaf Scholz and his deputy Joerg Kukies. As ...

In a letter to the UK Prime Minister signed by 400 leaders of the fashion industry, fears of “decimation of the fashion industry by the Brexit trade deal” are expressed. “The ...

In the next two years, Cyprus investment projects in tourism will include nine large-scale mixed-use developments (completion date 2022), an integrated Casino Resort by the international casino giant Melco. an investment ...

The rollout by Cyta of the first 5G network for Cyprus on Sunday offers vast opportunities for business, creating a new market for services and the ability to make use ...

EU antitrust enforcers have claimed a court made legal errors when it scrapped their order for iPhone maker Apple to pay €13 billion ($15.7 billion) in Irish back taxes, in a filing ...

Ryanair expects to lose close to €1 billion euros ($1.2 billion) in its current financial year, by far its worst ever performance, but Chief Executive Michael O’Leary forecast a “dramatic recovery” ...

Cyprus will recover in 2021, however the recovery will be slower and weaker than initially expected, according to a forecast published on Monday by the University of Cyprus Economic Research Centre. ...

Dutch central bank governor Klaas Knot said on Sunday he was “cautiously optimistic” on the chances for economic recovery later in the year, as COVID-19 vaccinations could enable countries to ...