Business

UBS (UBSG.S) expects to complete its takeover of Credit Suisse (CSGN.S) “as early as June 12”, which will create a giant Swiss bank with a balance sheet of $1.6 trillion ...

Oil prices rose by more than $1 a barrel on Monday after top crude exporter Saudi Arabia pledged to cut production by a further 1 million barrels per day (bpd) from July ...

Germany is launching a programme that will make available tens of billions of euros for firms facing substantial energy costs, in a bid to help its challenged industrial sector fund ...

Apple Inc AAPL.O is expected to unveil a mixed-reality headset at its annual software developer conference on Monday, its first big move into a new product category since the ...

Hotel occupancy rates ranged from 75 to 80 per cent during the Kataklismos long weekend, amidst staffing issues and persisting concerns over high operating costs which one industry expert said left some ...

In recent years, most banks have gone through some form of Digital Transformation. Bank of Cyprus has been a leader in providing innovative digital services to its customers “As technological ...

A senior Binance executive was the main operator for five bank accounts belonging to the giant cryptocurrency exchange’s purportedly independent U.S. affiliate, including an account that held American ...

AN estate agent, in the exercise of his profession, provides mediation services, with the aim of carrying out a real estate transaction between a seller and a buyer. The relationship ...

The continuation of innovations and developments in transformative technologies such as artificial intelligence (AI), the internet of things (IoT), virtual and augmented reality (VR/AR), cloud computing, blockchain, and super-fast ...

Lululemon Athletica Inc (LULU.O) raised its annual sales and profit forecasts on Thursday as wealthy Americans snap up its pricey activewear even though inflation hounds wider retail spending, sending ...

ASOS (ASOS.L), the British online fashion pioneer valued at more than 7 billion pounds ($8.8 billion) just over two years ago, has been relegated from the FTSE 250 index of mid-sized companies, ...

Investors who earned easy money with high-risk bonds invented after the financial crisis are being forced to accept that the rules have changed: they may not get paid. Banks typically ...

The UAE Central Bank has issued new anti-money laundering and counter-terrorism financing guidance for financial institutions when dealing with virtual assets, such as cryptocurrencies and non-fungible tokens, it said on ...

Outdoor clothing retailer Patagonia Inc has settled its lawsuit accusing Gap Inc (GPS.N) of illegally copying the “iconic” snapped flap pocket that the company has long featured on its ...

In an era characterized by the dynamic nature of cryptocurrencies, recent developments have triggered a significant shift in the landscape of crypto exchanges. A wave of outflows has swept across ...

Sublime tranquillity, and a unique array of on-site facilities are meticulously combined to offer a harmonious and well-rounded lifestyle in one of Limassol’s most sought-after locales. As a result, ...

Here are the top business stories in Cyprus from the week starting May 29: A new plan is expected in the coming days to protect the primary home of people belonging ...

By Tom Cassauwers Michiel Scheffer is hardly new to the world of innovation. For 15 years the Dutch national ran an innovation consultancy for fashion and textile companies. And on top ...

Nvidia Corp, a major supplier of chips and computing systems for artificial intelligence (AI), feels “perfectly safe” about relying so much on chip powerhouse Taiwan for manufacturing, its chief executive ...

A former employee of Amazon.com’s Ring doorbell camera unit spied for months on female customers in 2017 with cameras placed in bedrooms and bathrooms, the Federal Trade Commission said ...

The competition for attention is fierce in a constantly changing cryptocurrency ecosystem with over 22,000 coins. Amidst this thrilling chase, a key factor that keeps coins valuable is their wide range ...

‘We have the right to develop at the same pace as other districts’ By Kyriacos Nicolaou The state should provide the necessary incentives so that the Famagusta district is able ...

The cryptocurrency market is known for its volatility, with prices often experiencing significant fluctuations. Recently, the bearish sentiment surrounding EOS (EOS), a once-prominent blockchain project, has led investors to seek ...

Paphos regional board of tourism (Etap) representatives, along with a group of Cypriot hoteliers from the district, visited various Baltic countries this week, in order to participate in regional workshops ...