Business

Rosemary and Larry Brester have been running Hobart Machined Products since 1978, milling and grinding metal to make aircraft components out of a tiny building behind their home. Hobart is one ...

Tesla (TSLA.O), tumbled nearly 11 per cent on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins and raised ...

Cyprus’ Research and Innovation Foundation (Idek) is set to host a pioneering Partner Day on Friday, February 9, at the Hilton Hotel in Nicosia. Under the theme “Innovation, Collaboration, Development,” the ...

eBay Inc (EBAY.O), will cut about 1,000 roles, or an estimated 9 per cent of its current workforce, the e-commerce retailer said on Tuesday. “While we are making progress against our ...

German sportswear company Puma (PUMG.DE), this week forecast sales and profits this year below analyst expectations, sending its shares down over 8 per cent to their lowest since 2018, blaming a ...

Finance Minister Makis Keravnos said Thursday that Cyprus stands to receive the first tranche worth €20.9 million from the EU’s Recovery and Resilience Facility, as an advance payment for implementing ...

The renowned Ethereum (ETH) rival Solana (SOL) has been in the spotlight as investors flock to its ecosystem for impressive features, increasing its DeFi coin price. This increasing attention has ...

The European Central Bank kept interest rates unchanged as expected at a record high on Thursday and reaffirmed its commitment to fighting inflation, giving not a hint that policymakers are ...

Cyprus’ Deputy Minister of Tourism Kostas Koumis engaged in “significant discussions” this week in Brussels, in an effort to boost the number of visitors from Belgium. According to statements by ...

The European Central Bank will keep interest rates unchanged at a record high on Thursday and is likely to keep pushing back on investor bets for aggressive policy easing this ...

British food and drink prices will continue to rise in 2024, contributing to an extended cost-of-living crisis, a prominent grocery industry researcher said on Thursday. Food and drink inflation will be ...

Oil prices rose on Thursday after data showed US crude stockpiles fell more than expected last week, while the Chinese central bank’s cut in banks’ reserve ratio reinforced hopes ...

Quadcode, a Cyprus-based fintech company specialising in financial brokerage activities, on Thursday announced the promotion of Michael Gitsis from Chief Financial and Administrative Officer (CFAO) to Chief Operating Officer (COO), ...

Cyprus’ National Betting Authority on Wednesday reported a total revenue of €259.4 million for the third quarter of 2023, marking a 9 per cent increase from the same period in 2022 and an increase ...

Trade union Democratic Labour Federation of Cyprus (Deok) this week called for the immediate convening of the Labour Advisory Body to review the strategy for the employment of third-country nationals. ...

Unilever, the maker of Dove soap and Ben & Jerry’s ice cream, struggled to defend fourth-quarter grocery store market share across most of its categories in Europe and the ...

Pay awards from British employers held at their highest sustained level in over 30 years in the last three months of 2023 but deals struck in early 2024 suggest pay growth has peaked, ...

Germany’s economic downturn worsened this month with both manufacturing and services activity contracting, a preliminary survey showed on Wednesday. Underlying data showed a convergence in performance between the two ...

British billionaire Joe Lewis pleaded guilty to U.S. insider trading charges on Wednesday after being accused last year of a scheme that prosecutors said was designed to enrich friends ...

In a strategic move, Island Petroleum, a subsidiary of Island Oil (Holdings), has announced the acquisition and utilisation of the vessel M/T ASTRAIA, dedicated to providing physical supply services ...

The Computation-based Science and Technology Research Centre (CaSToRC) at The Cyprus Institute organised an important ‘industry day’ on January 16, 2024, as part of the EUROCC2 project, according to a statement released ...

The launch of the India-Middle East-Europe Economic Corridor (IMEC), an initiative that aims to bolster economic development between Asia, the Persian Gulf and Europe, has the potential to provide opportunities ...

London remains the world’s top financial centre as New York slips into second place, after tying with the UK capital last year, the City of London Corporation’s own ...

Low cost air carrier Wizz Air on Monday announced that it recorded a significant surge in its Cypriot passenger numbers in 2023, with a remarkable 71 per cent increase compared to the ...