Business

Fashion brands like Benetton are increasingly turning away from globe-spanning supply chains and low-cost manufacturing hubs in Asia, in a shift that could prove a lasting legacy of the COVID-19 ...

China Evergrande Group (3333.HK) missed paying bond interest due on Wednesday, two bondholders said, its second unpaid offshore debt payment in a week, although the cash-strapped company is scrambling to ...

China on Wednesday demanded railway companies and local authorities raise their game in shipping vital coal supplies to utilities, as regions key to the world’s no. 2 economy grapple with ...

A delegation of Cypriot representatives travelled to London this week to promote Cyprus as a European jurisdiction in which investment funds and fund management companies can be registered. The delegation ...

Buoyed by the tourism and retail sectors, the Cypriot economy continued to be on an upwards trajectory in August according to a report by the University of Cyprus Economic Research ...

DP World Limassol used World Tourism Day to reiterate its commitment to further bolster the country’s cruise industry and turn the Limassol port into a top cruise hub in ...

Air France-KLM is looking at raising fresh funds soon after completing a share issue earlier this year, bolstered by a positive trend in bookings since the United States announced a ...

Rolls-Royce will produce only electric cars by 2030, the luxury carmaker said on Wednesday, joining other premium brands making the switch such as Volkswagen’s Bentley and Jaguar’s Land Rover. ...

European Union governments committed to a joint EU-US declaration on technology cooperation on Wednesday, just in time for a key transatlantic meeting, after France threatened to block it unless it ...

AstraZeneca (AZN.L) will take full control of Caelum Biosciences in a deal worth up to $500 million, the drugmaker said on Wednesday, sharpening its focus on rare-disease drugs following its ...

Paphos-based family business, Safe.T.First Pool Safety Ltd, has beaten entrants from 31 EU/EEA countries to win a prestigious EU Product Safety Award at a high-level ceremony held in ...

France accused Britain of playing politics with post-Brexit fishing rights on Wednesday after London granted licenses to fish in its territorial waters to only 12 small French boats out of 47 applications. ...

Etihad Airways is working on what would be its third financing transaction linked to sustainable investment considerations, the Abu Dhabi government-owned airline’s treasurer said on Wednesday. Environmental, social and ...

Ryanair (RYA.I) expects a large deal with Boeing (BA.N) on an order for the 737 MAX 10 “will come our way eventually” as cancellations put pressure on the US planemaker, ...

A memorandum of understanding has been signed to officially launch the Cyprus Lebanon IT Hub (CLITH). Signed and confirmed during an online press conference, this initiative aims to bring the ...

The Bank of Cyprus’ BOC Asset Management (BOCAM) company has been awarded a contract to provide consultancy services to the Cyprus Telecommunications Authority (Cyta), as well as to its subsidiaries ...

The shift to electric vehicles will force huge changes in the auto industry and require EU backing for ‘reskilling’ programs to help workers prepare for a zero-emission future, according to ...

The European Commission and EU consumer authorities urged Volkswagen (VOWG_p.DE) on Tuesday to compensate all consumers, not just those in Germany, for having misled them over the emissions ...

Turkish Central Bank Governor Sahap Kavcioglu said on Tuesday he expects pricing behaviour to return to normal as the effects of the COVID-19 pandemic ease, and the bank will keep ...

The hybrid working model may not be an immediate threat for British commercial landlords as corporate decisions on space requirements are taking longer than first thought, a Citigroup analyst said ...

More than a million British workers face an uncertain future this week as the UK becomes the world’s first big economy to wind up its COVID-19 jobs support scheme. ...

Volunteers Team plays an active role in social matters Hellenic Bank places people at the centre of its operations, be it in terms of sustainable growth planning or through its ...

Instagram has hit pause on a new app it is creating for kids, the photo-sharing service owned by Facebook Inc (FB.O) said on Monday, in a move that comes ...

World Tourism Day with its theme this year of tourism for inclusive growth should be a call for the entire industry to renew itself, stakeholders in Cyprus said on Monday. ...