Business

Tesla (TSLA.O) CEO Elon Musk’s “super bad feeling” about the economy could be the auto industry’s “canary in the coal mine” moment, signaling a recession for an ...

Digital money, a curiosity just a few years ago, is emerging as an intense concern among central banks with the potential to erode the power of monetary policy, and even ...

Russia’s failure to send an interest payment to creditors is triggering a payout on debt insurance, taking the country another step closer to its first default on international bonds ...

Oman has made new oil discoveries that will raise its production by 50,000 to 100,000 barrels in the coming two to three years, the state news agency said on Saturday, citing energy ...

Despite the Russia-Ukraine war, the Cyprus Hotels Association (Pasyxe) on Saturday expressed restrained optimism for summer bookings in local hotels. The association’s director, Philokypros Roussounides spoke to radio Trito ...

By Yiannis Seitanidis The deal between Greece and Saudi Arabia agreed earlier this week to launch a joint venture to lay fibre optic data cable that will link Europe with ...

The metaverse will enable people to invest in the real and virtual worlds designed on different blockchains. Your “Avatar,” or virtual self, will someday be able to interact with other ...

By Luigi Scazzieri Turkey’s objections to Finland and Sweden joining NATO have put the spotlight on Ankara’s role in the alliance. Even if a compromise is found, Turkey’...

Major business stakeholders got together at the Limassol Business and Investment Summit on Friday to discuss the ways in which the city can continue to capitalise on the notable growth ...

The Cyprus Chamber of Commerce and Industry (Keve) earlier participated and presided over the first annual general meeting of the Association of Balkan Chambers for 2022. The Association of Balkan Chambers ...

Chief Scientist and Research and Innovation Foundation president Nikolas Mastroyiannopoulos on Wednesday praised the role of the state in fostering innovation and promoting the use of technologically advanced solutions in ...

Greek Prime Minister Kyriakos Mitsotakis says Greece, an entry point for natural gas for the eastern Mediterranean, could play a key role in helping Europe achieve energy autonomy given its ...

Ayia Napa’s municipality on Friday unveiled its new ‘Code of Ethics for Tourism in Ayia Napa’ in an effort to transform the resort into a model, modern, attractive and ...

California port leaders expect imports to rise as Shanghai, home to the world’s busiest seaport, emerges from a two-month COVID-19 lockdown. The question is whether that release of pent-up ...

German exports rose more than forecast in April, rising by 4.4 per cent on the previous month, while imports increased by 3.1 per cent, according to data released by the Federal Statistical ...

For at least a decade, Burger King’s formula for European expansion has relied on a joint venture partnership, including a master franchisee, to open and operate new locations. But ...

Tesla (TSLA.O) CEO Elon Musk has a “super bad feeling” about the economy and wants to cut about 10 per cent of jobs at the electric carmaker, he said in ...

The International Monetary Fund (IMF) executive board on Wednesday evening concluded its article four consultation for Cyprus, which included an assessment of the country’s economic and financial developments. According ...

Google’s (GOOGL.O) YouTube and other platforms could have to pay copyright damages over unauthorised uploads even if the content was put online by a third party, Germany’s ...

Business deposit rates fell further in April, turning negative for the first time in the history of the banking system, according to a report by the Central Bank released on ...

In 1918, Soviet revolutionary Leon Trotsky told Western creditors aghast at the Bolsheviks’ repudiation of Russia’s external debt: “Gentlemen, you were warned.” He reminded them that dismissal of Tsarist-era debt ...

The financial ombudsman has advised banks and credit-acquiring companies to refrain from foreclosing on mortgaged properties before the definitive conclusion of procedures within the Estia housing loan subsidy scheme, otherwise ...

China’s Zhejiang Geely Holding Group conducted its first successful satellite launch on Wednesday, sending nine into low earth orbit as it builds out a satellite network to provide more ...

Russia’s failure to pay $1.9 million in accrued interest on a dollar bond will trigger payouts potentially worth billions of dollars, a panel of investors determined on Wednesday, as the ...