Business

The Bank of England raised its key interest rate by a quarter of a percentage point to a 15-year peak of 5.25% on Thursday, and gave a new warning that borrowing ...

Three Tesla (TSLA.O) owners in California on Wednesday sued the automaker in a proposed class action that accuses the company of falsely advertising the estimated driving ranges of its ...

Jordan has expressed an interest in collaborating with Cyprus to establish electricity connectivity with the European Union (EU), it was announced on Thursday. The expression of interest came up during ...

German airline group Deutsche Lufthansa (LHAG.DE) on Thursday said it expected high demand for travel, especially in premium classes, to continue for the rest of the year as it ...

In a week of mixed fortunes for the crypto market, Gala (GALA) and Zcash (ZEC) took a nearly 10% dip. On a brighter note, Pomerdoge (POMD) invigorated the scene by launching ...

The mayor of Polis Chrysochous has suggested revisions to the controversial Akamas local plan to accommodate at least three more hotels in the area, but sustainable ones, he said. Mayor ...

In an effort to bolster the local research and innovation landscape, the Research and Innovation Foundation (R&I Foundation) on Thursday unveiled a new funding scheme worth €6 million. The ...

The key to survival for metaverses is to keep adding new experiences for their users. As a result, Decentraland (MANA) and The Sandbox (SAND) have expanded their metaverses with new ...

US airlines are enjoying strong leisure travel demand, but corporate travelers are still not back in full force, compelling airlines to restructure their networks to account for fewer people flying ...

The Paphos district is making “intensive efforts” to upgrade and market its tourism experience, according to the Paphos regional tourism board (Etap) executive director Nasos Hadjigeorgiou. He said Paphos is ...

A Russian government-linked hacking group took aim at dozens of global organizations with a campaign to steal login credentials by engaging users in Microsoft Teams chats pretending to be from ...

By Oleg Krot In old sci-fi movies about the 2020s, fully autonomous robots do everything without human operators: guard objects, transport passengers, prepare food and even raise children. However, the 2020...

Agence France-Presse (AFP) said on Wednesday it filed a lawsuit in Paris against Elon Musk’s X social media platform, formerly known as Twitter, accusing it of failing to discuss ...

The Cyprus Real Estate Agents Registration Council on Wednesday noted that the local property market has performed better during 2023, although it looks forward to drawing more meaningful conclusions after the ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday reported a positive growth trend in the Collective Investments sector for the first quarter of 2023, with the number of Management Companies ...

Debt management company Themis Portfolio Management this week announced the launch of a new initiative aimed at finding mutually acceptable solutions for vulnerable borrowers who have their primary residence valued ...

Toyota (7203.T) on Wednesday unveiled the first hybrid version of its Land Cruiser that it will bring to North America and other key markets as it seeks to put a ...

Amazon.com (AMZN.O) said this week that it is planning to invest about $7.2 billion through 2037 in Israel, and launched its Amazon Web Services (AWS) data centers in the country. ...

From building apartments for new employees to offering retired workers free canteen meals to share their expertise, Central Europe’s arms manufacturers are scrambling for new ways to cope with ...

Hellenic Bank’s interim chief executive officer, Antonis Rouvas, said he wants to promote changes and handle long-standing issues pending at the bank, such as the collective agreement with staff. ...

Restaurants and bars in Cyprus experienced occupancy rates ranging between 70 and 80 per cent in July, in another disappointing month for local business owners, according to Neophytos Thrasyvoulou, president of the ...

Rating agency Fitch on Tuesday downgraded the US government’s top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the ...

The Bank of England, which looks set to raise interest rates again on Thursday, must weigh up the need to fight an inflation rate running at more than four times ...

Eurobank Cyprus on Wednesday released its financial results for the first half of 2023, with the figures reflecting a solid performance characterised by strong capital adequacy and profitability. The bank’s ...