Facebook pays fines to Russia over banned content
Facebook (FB.O) has paid 17 million roubles ($229,643) in fines owed in Russia for failing to delete content Moscow deems illegal, the Interfax news agency reported on Sunday, but with the ...
Russia does not expect to be cut off from SWIFT system, VTB CEO says
Russia’s financial system would be able to cope even if it was disconnected from the SWIFT global interbank payments system, the head of the country’s second-largest lender VTB ...
Russia’s richest woman rules out parting with a slice of the Wildberries pie
Tatyana Bakalchuk is a rarity – a dotcom billionaire uninterested in outside capital or a stock market listing.
The founder of Wildberries, Russia’s largest ecommerce retailer, has made it to ...
Stablecoins steal the limelight from subdued bitcoin
As bitcoin, the world’s largest cryptocurrency, struggles to recover after a massive crash, regulatory and private sector focus has turned to another part of the digital currency world: stablecoins.
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Rivian warns supply issues to hit production, shares drop to record low
Rivian Automotive Inc (RIVN.O) shares skidded nearly 15 per cent on Friday to hit a record low after the electric vehicle maker’s first result as a listed company highlighted ...
Palantir to localize UK data operations as privacy regulations tighten
Palantir Technologies Inc (PLTR.N) said on Friday it plans to shift its entire UK data processing out of the United States, at a time when data privacy regulations are ...
Turkish business group calls for an end to Erdogan’s low-rates policy
Turkey’s largest business group urged President Tayyip Erdogan’s government on Saturday to abandon a monetary policy based on low rates that has prompted a crash in the lira, ...
Nicosia property sales hit €3.3bn in last 5 years
Property sales across four major Nicosia municipalities exceeded €3.3 billion in value over the past five years, a report from independent real estate asset management and advisory firm WiRE has shown.
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Cyprus Business Now
The Bank of Cyprus announced on Friday that it has concluded its small-scale, targeted, voluntary staff exit plan.
Following the completion of the plan, 100 applicants received approval to leave at ...
AMC says over a million people watched new ‘Spider-Man’ movie at its US theaters
AMC Entertainment Holdings Inc (AMC.N) said on Friday nearly 1.1 million people watched “Spider-Man: No Way Home” in its theaters in the United States, a record opening for a movie ...
Airbus lands Air France-KLM jet order, capping trio of deals
Airbus (AIR.PA) completed a triple crown of aircraft orders at the expense of rival Boeing (BA.N) on Thursday with a deal to supply 100 narrowbody jets to Air France-KLM ...
US judge tosses $4.5 bln deal shielding Sacklers from opioid lawsuits
A federal judge overturned a roughly $4.5 billion settlement that legally shielded members of the Sackler family who stand accused of helping fuel the US opioid epidemic, a decision that threatened ...
California probes Google’s treatment of Black female workers
California’s civil rights regulator is investigating Google’s treatment of Black female workers following alleged incidents of harassment and discrimination, according to two people familiar with the matter and ...
British retailers report pre-Xmas sales boost in November
British retail sales rose faster than expected last month, helped by Black Friday discounts, early Christmas shopping and no lockdown restrictions that closed many shops last year, official figures showed ...
Lebanon’s central bank offers dollars amid deep financial crisis
Lebanon’s central bank said on Thursday it would sell US dollars to commercial banks at the rate on its Sayrafa foreign exchange platform, but analysts said offering more hard ...
Cyprus Business Now
The Association of Cyprus Banks on Thursday took part in an online seminar examining the progress achieved in the Cypriot banking system, as well as the efforts to combat money ...
BoE becomes first major central bank to raise rates since pandemic
The Bank of England on Thursday became the world’s first major central bank to raise interest rates since the coronavirus pandemic hammered the global economy, and warned inflation was ...
Embracer buys board games publisher Asmodee in $3 bln deal
Embracer (EMBRACb.ST) said late on Wednesday it was buying French board games publisher Asmodee from private equity firm PAI Partners in a deal valued at 2.75 billion euros ($3.11 billion) to ...
US airlines warn 5G wireless could wreak havoc with flights
Major US air carriers warned on Wednesday that plans by wireless carriers to use spectrum for 5G wireless services starting Jan. 5 could disrupt thousands of daily flights and cost air ...
Tourism minister cautiously optimistic but Omicron looms large over 2022
The country’s tourism boss sounded a cautiously optimistic note on Thursday about the sector’s prospects in the new year, but acknowledged the looming uncertainty as European leaders in ...
Fitch Ratings upgrades Hellenic Bank outlook to positive
Credit rating agency Fitch Ratings reported on Wednesday that it has revised Hellenic Bank’s outlook to positive from negative, while also affirming the bank’s Long-Term Issuer Default Rating (...
Paris taxi firm suspends use of Tesla cars after fatal accident
Leading Paris taxi company G7 has suspended the use of Tesla (TSLA.O) Model 3 cars in its fleet after a fatal accident involving one of the vehicles over the weekend.
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Qantas to switch domestic fleet to Airbus in blow to Boeing
Australia’s Qantas Airways Ltd (QAN.AX) said on Thursday it has chosen Airbus SE (AIR.PA) as the preferred supplier to replace its domestic fleet, switching from Boeing Co (...
Reddit confidentially files to go public
Reddit Inc, known for its message boards that became the go-to destination for day traders during this year’s meme stock frenzy, said on Wednesday it had confidentially filed for ...