Business

The recovery of the Cypriot economy remains on an upward trajectory, with most indicators boding well for future growth, according to a report by the University of Cyprus Economic Research ...

My Mall Limassol, Cyprus’ third-largest shopping centre, will see Israeli involvement in its ownership structure, with 46 per cent of its shares due to be sold to two Israeli companies. This ...

Kazakhstan is struggling to meet the energy needs of its booming cryptocurrency mining industry, which is flourishing thanks to cheap power and an exodus of crypto miners from neighbouring China. ...

Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk disclosed an additional share sale worth about $687 million in the electric-car maker, regulatory filings showed on Friday, after offloading about $5 billion ...

Germany’s finance and economy ministries on Friday welcomed the early repayment by flag carrier Lufthansa (LHAG.DE) of bailout aid it received during the coronavirus crisis. The news showed ...

Hapag-Lloyd (HLAG.DE) could clear pandemic-related logjams in container ports faster if operators improved the turnaround of boxes, the German logistics company’s chief executive said on Friday. “There is ...

Johnson & Johnson (JNJ.N) plans to split into two companies, separating its consumer health division that sells Band-Aids and Baby Powder from its pharmaceuticals and medical devices business in ...

Women who work mostly from home risk seeing their careers suffer now that significant numbers of workers are returning to the office after the COVID-19 pandemic, Bank of England policymaker ...

The European Commission’s Autumn 2021 Economic Forecast which was presented on Thursday shows positive prospects for Cyprus, including an increase in GDP by 5.4 per cent for 2021 as a whole, while ...

The Cyprus University of Technology (Tepak) has signed an agreement for the opening of a satellite school in Paphos. Specifically, the university will run a tourism, hospitality and entrepreneurship school ...

The LNG import terminal project would be transformational for Cyprus said Symeon Kassianides, the chairman of the Natural Gas Public Company (DEFA), said on Thursday at the Eastern Mediterranean Energy ...

Walt Disney Co (DIS.N) on Wednesday missed Wall Street earnings projections as it reported the smallest quarterly gain in Disney+ subscribers since the company dove into the streaming video ...

A Nicosia restaurant announced it will be accepting payments with cryptocurrencies, the first such business to introduce this, it said on Thursday. Think 30, located on Stasikratous Street in Nicosia, citing ...

Shares of Rivian Automotive Inc (RIVN.O) surged as much as 53 per cent in its Nasdaq debut on Wednesday, giving the Amazon-backed electric vehicle maker a market valuation of more ...

Chinese smartphone maker Xiaomi Corp (1810.HK) is revamping its playbook in its home country by opening thousands of new stores to spur domestic sales growth in a highly competitive market, ...

Revenue from ship management showed a small increase in the first half of 2021, reflecting the recovery in global shipping after the disruption caused by the Covid pandemic. According to the ...

Taiwan Semiconductor Manufacturing Co (2330.TW) (TSMC) said on Tuesday it would build a $7 billion chip plant in Japan with Sony Group (6758.T), a move that was welcomed by the Japanese ...

Chinese gaming and social media giant Tencent Holdings (0700.HK) posted its slowest revenue growth since it went public in 2004 on Wednesday, hurt by a regulatory crackdown, and said the outlook ...

Cash-strapped developer China Evergrande Group averted a destabilising default at the last minute for the third time in the past month, with a source on Thursday saying several bondholders had ...

Cyprus must move quickly to implement the projects necessary to meet the objectives mandated by the EU’s Green Deal and simultaneously lower electricity prices, Energy Minister Natasa Pilides said ...

Cyprus’ trade deficit recorded an annual increase of €715.1 million during the first nine months of 2021 according to the Cyprus Statistical Service (Cystat). Based on Cystat’s report, the trade deficit ...

Facebook Inc (FB.O) said on Tuesday it plans to remove detailed ad-targeting options that refer to “sensitive” topics, such as ads based on interactions with content around race, health, ...

It was the break-up that eluded a generation of General Electric Co (GE.N) insiders. When Larry Culp, the first GE chief executive not to rise from within its ranks, ...

Nvidia (NVDA.O) is launching new technology to expand its reach in the automotive industry, including a virtual driving assistant that can park a standard car and a system to ...