Business

Hedge funds that earn returns speculating on precarious acquisitions were handed a gift this week when Microsoft Corp (MSFT.O) agreed to buy “Call of Duty” maker Activision Blizzard (ATVI....

Innovation is finally weakening the market grip of Britain’s “Big Four” banks, but “challenger” lenders are finding it slow and expensive to build up market share, the Financial Conduct ...

Germany’s Thyssenkrupp Marine Systems (TKAG.DE) will build three advanced submarines for the Israeli Navy in a deal worth 3 billion euros ($3.4 billion), the Israeli Defense Ministry said on Thursday. ...

Turkey’s central bank said on Thursday it expected a disinflation process to start on the back of measures taken for sustainable price and financial stability, and so it halted ...

Unilever’s (ULVR.L) strategy was under the investor microscope on Thursday after the consumer goods giant effectively abandoned its $68 billion pursuit of GlaxoSmithKline’s (GSK.L) consumer healthcare business. ...

The Cyprus Minister of Energy, Commerce and Industry announced this week that its commercial renewable energy system incentive schemes, including for the creation of photovoltaic parks, have been deemed successful. ...

By George M. Georgiou Debates about central bank independence have traditionally focused on monetary policy, specifically the setting of interest rates. A central bank, it is argued, should be free ...

Turkey and the United Arab Emirates said on Wednesday they had agreed a nearly $5-billion swap deal in local currencies, in a sign of warming diplomatic relations that provides Ankara ...

The Price Index of Construction Materials increased by 17.1 per cent during December of 2021, compared to the corresponding month of the previous year, rising to 119.66 points (based on 2015 = 100), according to the ...

– Inflation in Britain rose faster than expected to its highest in nearly 30 years in December, intensifying a squeeze on living standards and putting pressure on the Bank of England to ...

Britain’s financial watchdog said on Wednesday it planned to introduce restrictions on marketing cryptoassets and other high-risk investments like crowdfunding and retail mini-bonds. The changes would strengthen risk warnings ...

China is drafting nationwide rules to make it easier for property developers to access funds from sales still held in escrow accounts in its latest move to ease a severe ...

The chief executives of major US passenger and cargo airlines have warned of a “catastrophic” aviation crisis this week as AT&T (T.N) and Verizon (VZ.N) deploy ...

Britain’s accounting watchdog on Wednesday fined KPMG 4.3 million pounds ($5.85 million) for audits of drinks store chain Conviviality, whose brands included Bargain Booze and Wine Rack, before it went into ...

The Cypriot economy continued its recovery in December, carrying on with the trend of the two previous months, according to a report by the University of Cyprus Economic Research Centre ...

Tesla Inc (TSLA.O) shareholders urged a judge on Tuesday to find Elon Musk coerced the company’s board into a 2016 deal for SolarCity and asked that the chief executive ...

Microsoft Corp (MSFT.O) is buying “Call of Duty” maker Activision Blizzard (ATVI.O) for $68.7 billion in the biggest gaming industry deal in history as global technology giants stake their ...

The hospitality industry has experienced a change in consumer behaviour during the coronavirus pandemic, according to research conducted by Insights Market Research (IMR) on behalf of Corporate Events and Media ...

Britain’s payments regulator on Tuesday fined five payments companies including Mastercard a total of 33 million pounds ($45.01 million) for cartel behaviour involving prepaid cards issued to vulnerable people on welfare ...

The Recovery and Resilience Plan will facilitate the path towards improved productivity and significantly affect GDP growth, the Economics Research Centre of the University of Cyprus (CypERC) has said in ...

The commission’s market supervision area of activities has enjoyed significant growth, Cyprus Securities and Exchange Commission (CySEC) chairman George Theocharides said on Monday following a meeting with the house ...

Used car sales in Paphos fell by 10 per cent during the previous year, president of the Pancyprian Automobile Trade Association of Paphos (Pasyea) Andreas Shikkis told the Cyprus News Agency (...

TechIsland, an NGO representing 137 Cyprus-based technology companies, announced this week that it has completed its pledge to rebuild a school in fire-stricken Arakapas. “TechIsland members are donating a total of 900,000 ...

High energy price across the euro zone is a major concern for the European Central Bank, but it sees supply pressures easing in the oil and gas markets this year, ...