Business

Ernst & Young’s US arm said on Monday it was shedding 5 per cent of its workforce, less than a week after the unit’s objection torpedoed the global accounting ...

UBS (UBSG.S) on Tuesday said it was making changes to its $6 billion share buyback programme following its takeover of Credit Suisse (CSGN.S). UBS said it will use some ...

Tourist arrivals to Cyprus increased by 61 per cent during the first quarter of 2023, the Cyprus Statistical Service said on Tuesday. Total numbers reached 393,893, compared to 244,705 in the corresponding period of 2022, ...

Deposits at three financial institutions fell in the first quarter as the industry’s biggest crisis in more than a decade prompted a flight of funds, with customers seeking better ...

Cryptocurrency is a new phenomenon, and while the amount of skepticism surrounding it has lessened over time, we still have to patiently wait before everyone is on board. However, as ...

The EcoX Cyprus fintech community is organising an interesting blockchain meetup and networking event in Limassol to discuss blockchain technologies and their applications with guests from Binance, Internet Computer and ...

TMS Network (TMSN) has rocked the crypto-shpere this year as revenue is up a mindblowing 2240%. This has led to the TMS Network (TMSN) token price appreciating by an unbelievable 938% and ...

Cyprus-based venture capital firm 33East on Tuesday announced that it has been selected to manage the Cyprus Equity Fund, further helping to grow and develop the island’s startup and ...

The crypto market slump has culminated in experts and novice investors searching for crypto projects to invest in and potentially boost their asset earnings. However, the uncertainty plaguing the crypto ...

Britain’s unemployment rate rose unexpectedly in the three months to February but pay growth stayed higher than forecast, highlighting the dilemma for the Bank of England (BoE) as it ...

Agriculture Minister Petros Xenophontos is in Stockholm on Tuesday to participate in an informal meeting of environment ministers, taking place April 18 to 19. The ministry said European ministers will discuss with ...

French carmaker Renault (RENA.PA) is reviewing its pricing policies of electric cars worldwide to ensure it stays competitive after a wave of price cuts by US rival Tesla Inc (...

A tender with an estimated value of €2 million for the preparation of a modernised bill and regulations covering the outdated companies’ law was announced by the finance ministry on Tuesday ...

In 1977, a Ferrari owner offloaded his 1962 250 GTO because his wife complained it was too noisy, recounts Andrea Modena, head of Ferrari’s classic car division. It was either her or ...

Workers from Tesla’s (TSLA.O) Shanghai factory have taken the unusual step of posting on social media to appeal to Elon Musk and the Chinese public after being told ...

Israel’s finance minister on Sunday said Moody’s decision to cut the outlook for Israel’s sovereign credit rating was “not a big drama” and reiterated his stance that ...

Banks in the Middle East and Central Asia have very limited exposure to last month’s banking turmoil in the United States and Europe, but financial pressures are adding to ...

The Bank of Cyprus has become the first bank in Cyprus and Greece to receive approval from the European Central Bank (ECB) to pay dividends, it announced on Monday. The ...

Switzerland’s tradition of dependable consensus politics has taken a battering after the government used an emergency law to push through a state-backed mega-merger of UBS (UBSG.S) and Credit ...

The European Commission has just published the 2022 edition of the ‘EU Regional Competitiveness Index’. Published every three years since 2010, the Index has been measuring ‘the ability of a region to ...

Leading investment management company, VGI Partners, recently released its 2022 investor letter, revealing that it was making some adjustments to the way it assesses risk and reward. However, investors were left ...

Sales at Birkin bag maker Hermes (HRMS.PA) rose 23 per cent in the first quarter, above market expectations, as wealthy shoppers in China and Europe splurged on luxury fashion and ...

Tesla Inc (TSLA.O) on Friday slashed prices for its electric vehicles in Europe, Israel and Singapore, expanding a global discount drive it began in China in January while raising ...

Employers are expected to sound the alarm over labour unrest and uncertainty currently plaguing the economy when they meet on April 25 and will be looking to President Nikos Christodoulides for ...