Business

Companies and organisations are expected to invest a total of $3.4 trillion to fund their digital transformation strategies by 2026, according to a report released this week by market research company International ...

The road map to fully self-driving vehicles is being rewritten once again, this time by Ford Motor Co (F.N) and Volkswagen AG (VOWG_p.DE). When the two automakers ...

Wall Street is losing patience over Meta (META.O) boss Mark Zuckerberg’s enormous and experimental bets on his metaverse project that helped drive up the company’s overall costs ...

The cryptocurrency industry said on Wednesday it was disappointed with Australia’s decision to continue treating digital currencies as assets for tax purposes, and not as foreign currency. The government ...

Government strategy to attract foreign talent and digital nomads viewed as a success The Civil Registry and Migration Department this week said that it has received 9,090 applications for relocation from ...

The total sales of petroleum products in Cyprus experienced a small increase of 0.9 per cent year-on-year in September 2022, with sales from gas stations recording a decrease of 6 per cent year-on-year, ...

The economic sentiment in Cyprus improved slightly in October 2022, with the Economic Sentiment Index (ESI) increasing by 0.4 points compared to September 2022. According to a statement released this week by the ...

Shares of Mobileye Global Inc (MBLY.O) are up 30 per cent in early afternoon trading on Wednesday following its US debut, valuing the self-driving technology unit of Intel Corp (INTC....

Britain would have the power to regulate all cryptoassets under a proposal the UK financial services minister has added to a draft law before parliament that will almost certainly pass. ...

Energy companies, hit by soaring power and gas prices related to the war in Ukraine, can secure public guarantees exceeding 90% coverage from EU governments to cover margin call requirements under ...

Forcing banks across the European Union to offer instant payments in euros is a “seismic” shift to make the economy more efficient and reap savings for businesses and customers, the ...

A Cypriot delegation in Lebanon on Friday for talks on maritime border delineation between the two countries said any disputes during that process could be easily resolved. “There is no ...

Battered by years of scandals and losses, Credit Suisse (CSGN.S) plans to raise capital, cut thousands of jobs and spin off its investment bank. Here are main elements of ...

Overspending on Twitter Inc (TWTR.N) for $44 billion was the easy part. Now, Tesla Inc (TSLA.O) Chief Executive Elon Musk must prove why he believes that Twitter is worth 10 ...

Tesla Inc (TSLA.O) is under criminal investigation in the United States over claims that the company’s electric vehicles can drive themselves, three people familiar with the matter said. ...

Oil prices fell on Friday after China, the world’s top crude oil importer, widened its COVID-19 curbs, but were poised for a weekly gain on supply concerns ahead of ...

Egypt’s pound slid about 14.5 per cent to a record low against the dollar on Thursday as authorities announced a $3 billion International Monetary Fund deal with a commitment to a “...

Turkish defence company Baykar is planning to complete the construction of its manufacturing plant in Ukraine in two years, its chief executive said on Thursday, after the company became highly ...

Elon Musk became Twitter Inc’s TWTR.Nowner on Thursday, firing top executives and providing little clarity over how he will achieve the lofty ambitions he has outlined for the ...

The Cyprus Hotels Association (Pasyxe) on Thursday welcomed the cabinet’s decision to approve a €165 million incentive plan for airlines for the period 2023-2027, whose primary objective is to bring ...

PwC Cyprus CEO Philippos Soseilos this week explained that the correct application of environmental, social and governance (ESG) criteria in the shipping industry requires a holistic approach by the companies ...

The total amount of deposits in the Cypriot banking system reached the highest level of the last nine years in September 2022, while loans stood at a five-month low, according to ...

Credit Suisse, battered by years of scandals, plans to raise 4 billion Swiss francs ($4 billion) by selling stock while slashing thousands of jobs and spinning off its investment bank in an ...

Saudi Arabian Airlines (Saudia) has signed an agreement with German air taxi developer Lilium to buy up to 100 of its aircraft for use on Saudia’s domestic network, the state ...