Live from Lisbon: Web Summit tech conference kicks off
Cyprus Mail reporter PANIS PIERI is attending the Web Summit tech conference in Lisbon, the biggest festival in the world about startups, technology and innovation.
The Cyprus Mail is in ...
Tesla plans mass production start for Cybertruck at end of 2023
Tesla (TSLA.O) aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the long-awaited pickup truck Chief Executive Elon Musk ...
EA to develop three Marvel games, beginning with Iron Man
Electronic Arts Inc (EA.O) will launch an Iron Man game and at least two other action-adventure titles revolving around characters from the Marvel universe, under a deal announced by ...
Saudi Arabia approves dual listing of Pizza Hut, KFC franchisee
Saudi Arabia’s market regulator said on Monday it had approved a concurrent and dual listing of Americana Group, the Middle East and North Africa franchisee of fast-food chains KFC ...
Toyota cuts output target amid chip crunch as profit tumbles 25 per cent
Toyota Motor Corp (7203.T) on Tuesday posted a worse-than-expected 25 per cent drop in quarterly profit and cut its annual output target, as the Japanese firm battles surging material costs and ...
Oil up more than 1 per cent as weaker dollar offsets China COVID-19 concerns
Oil prices rose more than 1 per cent on Tuesday, paring losses from the previous session, as a weaker US dollar offset widening COVID-19 curbs in China that have stoked fears ...
Egypt interest rate hike step in right direction, IMF official says
Egypt’s move to raise interest rates is a step in the right direction and a flexible exchange rate will help protect its economy from shocks at a time of ...
Turkish central bank warns lenders against FX transactions during ‘off hours,’ other issues
Turkey’s central bank sent a letter to local lenders on Monday, warning them against conducting forex transactions with foreign banks during “off hours” and offering deposits with very high ...
Putin says Turkish gas hub can easily be set up, reveals pipeline damage details
Russian President Vladimir Putin on Monday said a natural gas hub could be set up in Turkey fairly quickly and predicted many customers in Europe would want to sign contracts.
...
Orbeon token (ORBN) surges while VeChain (VET) and Decentraland (MANA) face price pressures
In the world of cryptocurrency, there are always a few coins that stand out from the rest. These are the coins that make headlines and generate a lot of buzz. ...
Elon Musk, who runs four other companies, will now be Twitter CEO
Tesla Inc TSLA.O boss Elon Musk said on Monday he will serve as chief executive of Twitter, the social media company he just bought for $44 billion, a move that ...
Cyprus Business Now
The Central Bank of Cyprus (CBC) on Monday released a report on household debt in Cyprus, with the current figure standing at €20.1 billion at the end of June 2022, with the ...
Tourism industry threatened by soaring energy costs
The Association of Cyprus Tourist Enterprises (Stek) on Monday warned that soaring energy costs will have an extremely negative impact on the Cypriot tourist industry, stressing that it will severely ...
Credit Suisse unveils details of $4 bln capital raising plan
Credit Suisse (CSGN.S) on Monday unveiled details of its plan to raise 4 billion Swiss francs ($4.01 billion) from investors to support the embattled bank’s bid to tackle the biggest ...
Elon Musk reached out to EU industry chief to pledge content policing compliance
Elon Musk has assured the European Commission that Twitter will abide by tough European rules on illegal online content policing now that the social network has passed under his ownership, ...
Europe-listed Brazil stocks, Petrobras slip after Lula election win
German-listed shares in Brazil’s state-run oil company Petrobras (PETR4.SA) slipped more than 7 per cent in early European trade after leftist leader Luiz Inacio Lula da Silva narrowly defeated ...
Russian reduction on shipping ‘manageable’
The fallout on Cyprus’ maritime shipping industry from EU sanctions has been ‘manageable’, the deputy minister for shipping said on Monday.
Vasilis Demetriades made the remarks in parliament while presenting ...
Petrides: days of cheap energy and money are over
Finance Minister Constantinos Petrides warned on Monday that “tectonic shifts are underway” as he warned that the days of cheap energy and cheap money are over.
Petrides made the comments ...
Oil slips on COVID curbs, weak factory activity data
Oil prices fell on Monday following weaker-than-expected factory activity data out of China and on concerns its widening COVID-19 curbs will curtail demand.
Brent crude futures dropped 63 cents, or 0.7 per ...
Gap says Russia deliveries stopped in March. But its clothing kept coming.
In March, clothing retailer Gap Inc (GPS.N) joined numerous Western companies in announcing that it was halting deliveries to Russia to protest its invasion of Ukraine.
“As a values-led ...
In Australia, a hacking frenzy spurred by an undersized cybersecurity workforce
A swathe of hacks on some of Australia’s biggest companies has made the country a target for copycat attacks just as a skills shortage leaves an understaffed, overworked cybersecurity ...
Stocks rally wobbles as Fed hike draws near
Asian stock markets wobbled higher on Monday as hopes waned that the US Federal Reserve might take a less aggressive approach on rate hikes, while wheat leapt on Russia’s ...
Apple workers in Australia gear up for more strike action
Hundreds of Apple (AAPL.O) workers in Australia are set to strike again after almost two-thirds of employees rejected a pay and benefits deal, the latest escalation of a fight ...
Live in Cyprus but work globally as a freelancer
If you are one of the 1.2 million people living in the Republic of Cyprus, whether you are a native or ex-pat, you are the envy of thousands of people across ...