Business

Elon Musk testified on Monday that he was sure he had backing from Saudi financiers in 2018 to take Tesla Inc (TSLA.O) private, as he defended against claims he defrauded ...

European Central Bank policymakers laid out diverging views on future interest rate hikes on Monday, suggesting that moves beyond next week’s half a percentage point increase remain contentious. The ...

Spotify Technology SA (SPOT.N) said on Monday it plans to cut 6 per cent of its workforce and would take a related charge of up to nearly $50 million, adding to ...

The economy will slow down in 2023 as interest rate hikes in tandem with high prices suppress consumer demand, the University of Cyprus’ Economics Research Centre has forecast. In its latest ‘...

January 2023 is heightening hopes for a crypto bull run as most coins have been increasing in price since the year started. While OKB and Filecoin (FIL) could see returns of ...

Netflix Inc’s (NFLX.O) steady stream of hit shows is helping it stand out in a crowded market while paving the way for double-digit revenue growth later this year, ...

Tide detergent maker Procter & Gamble Co (PG.N) raised its full-year sales forecast on Thursday and said it plans to continue raising prices despite a drop in sales volumes, ...

As Europe strives to become the first climate-neutral continent by 2050, Turku and Dijon are among a group of cities seeking to reach this goal two decades earlier. By Gareth Willmer ...

We still lag terribly behind on the use of renewables and battery storage and there’s no firm date for the import of LNG at Vasiliko In a first, and ...

Twitter Inc has about 2,300 active employees, Elon Musk said in a Tweet on Saturday. CNBC on Friday reported that Twitter’s full-time headcount has reduced to about 1,300 active, working employees, ...

Global cybersecurity spending, including enterprise products and services, is projected to increase by 13.2 per cent in 2023, remaining a key area of growth for various businesses in this sector, according to ...

Top advertisers on Twitter slashed their spending after Elon Musk’s takeover, according to estimates compiled for Reuters by research firm Pathmatics, in the latest shock to the company’s ...

Tesla Inc (TSLA.O) earns more money for every vehicle it sells than any of its global rivals. Now, Chief Executive Elon Musk is using that superior profitability as a ...

The year ahead looks better than feared for the global economy but remains fraught with risks including escalation of the conflict in Ukraine and the emergence of a transatlantic trade ...

The Cyprus Mail talked to Orestis Aristides, the director of Drakos DMC, about the company’s focus on golf on the island and how that sector is expected to grow ...

The Council for Registration of Real Estate Agents on Friday announced that it successfully held its new year event, in which it recapped the events of 2022, and set the tone ...

By Charles Ellinas With no end in sight for the Russia-Ukraine war, global energy markets will continue to be unstable, making 2023 another difficult year for global energy. On top of ...

United Arab Emirates renewable energy company Masdar, state oil firm Abu Dhabi National Oil Company and oil major BP agreed to conduct a joint feasibility study on exploring the production ...

Cyprus, showed the second highest increase in consumer spending since 2020, signalling partial recovery from the pandemic, according to data published by the European statistics agency. Specifically, in 2021 Cyprus recorded an ...

Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Friday stressed the need to maintain fiscal space in the midst of increased risks due to the war in Ukraine, something ...

The Research and Innovation Foundation (Idek) on Friday announced that it will be allocating €10 million to innovative businesses as part of its DISRUPT programme, with the ultimate aim being to ...

Inflation-pinched British consumers cut their shopping by the most in the key month of December in at least 25 years, official data showed on Friday, dashing hopes for a Christmas boost ...

Following Moscow’s invasion of Ukraine, world’s largest oilfield firm SLB (SLB.N) has boosted its business in Russia by cherry-picking service and equipment contracts from rivals who left, ...

Meta’s (META.O) WhatsApp subsidiary was fined 5.5 million euros ($5.95 million) on Thursday by Ireland’s Data Privacy Commissioner (DPC), its lead EU privacy regulator, for an additional breach of ...