Business

Credit Suisse, which is now a subsidiary of UBS (UBSG.S), posted a loss of 3.5 billion Swiss francs ($4.0 billion) in the second quarter of 2023, according to a report in the ...

Turkey’s latest massive interest rate hike has caught the attention of long-sceptical foreign investors who say they could return to Turkish assets if authorities continue to demonstrate that a ...

European Regulation (EC) 1784/2020 entered into force on 01.07.2022 and regulates judicial cooperation in civil and commercial matters between EU member states when a judicial or extrajudicial act must be transmitted from ...

Many smaller US manufacturers that supply parts to the Detroit Three automakers will be at risk if a long United Auto Workers strike shuts down assembly lines starting next month, ...

European researchers are striving to improve the technology that could one day help blind people see again. By Anthony King Berna Gomez, a former science teacher from Spain, became a ...

British retailer the John Lewis Partnership said on Friday it is recruiting for more than 10,000 jobs over the coming months – 1,700 permanent positions and over 8,400 seasonal roles. The employee-owned partnership trades ...

Proxy advisory firm Institutional Shareholder Services recommended on Wednesday that Nike (NKE.N) investors vote for a resolution calling on the company to disclose more data on pay equity for ...

After being badly burned by a horrific holiday experience in Protaras, we turned to a local rental company for the perfect summer getaway. At the start of summer, we got ...

Here are the top business stories in Cyprus from the week starting August 21: Entertainment venues in coastal towns are still seeing heightened traffic after the 15 August public holiday, according to ...

Nvidia (NVDA.O) far exceeded expectations with its quarterly revenue forecast on Wednesday as an artificial-intelligence boom fueled demand for its chips and said it would buy back $25 billion in ...

Germany plans to almost double its public funding for artificial intelligence research to nearly a billion euros over the next two years, as it attempts to close a skills gap ...

Google will provide more information on targeted advertisements and give researchers more access to data on how its products work, to comply with landmark European Union online content rules, the ...

Profound changes in how the global economy operates, from increased protectionism to energy transition, could create greater inflation volatility and more persistent price pressures, European Central Bank President Christine Lagarde ...

Cypriot firm Ask Wire this week released a report detailing the value of the ten most expensive property sales transactions completed in July 2023, along with the cumulative value of the ...

Cyprus-based Multimarine Services Ltd this week announced that it has marked a significant achievement with the successful construction of a floating electrical hub, heralding the island’s entrance into the ...

Private equity firm Roark Capital agreed on Thursday to buy Subway, in a deal that people familiar with the matter said values the US sandwich chain at up to $9.55 billion, ...

Sikorsky, a unit of Lockheed Martin (LMT.N), said on Thursday it was awarded a $2.7 billion contract by the US Navy to build 35 additional CH-53K helicopters. The CH-53K ...

The audit office has written to EU bodies as well as Cypriot officials raising concerns over the interconnector project, it emerged on Friday. The letter details a lack of transparency ...

Some foreign companies trying to exit Russia are facing a big jump in costs as Moscow is demanding bigger discounts on the price tags of assets they want to sell, ...

Eurobank on Friday announced a further increase in its ownership share of Hellenic Bank, with the bank disclosing that it has reached an agreement with Senvest Management LLC to acquire ...

Mastercard (MA.N) and crypto exchange Binance will end their four crypto card programmes in Argentina, Brazil, Colombia and Bahrain as of Sept. 22, a spokesperson for Mastercard said via email ...

Jacobi Asset Management, a London-based firm, has listed Europe’s first spot Bitcoin ETF on Euronext Amsterdam. The launch of the ETF is significant as it allows investors to gain ...

The crypto market has matured in recent years, and so are the investors. Now, investors prefer long-term stable projects to short-term riskier tokens. Recently, Pomerdoge launched its presale, which became ...

Asian stocks sold off and the dollar scaled an 11-week peak against major peers on Friday as investors braced for the risk of a hawkish tilt from Federal Reserve Chair ...