J&J settles most Risperdal lawsuits, with $800 million in expenses
Johnson & Johnson (JNJ.N) said it has settled most of the lawsuits it faced by thousands of men who claimed its anti-psychotic drug Risperdal caused them to develop excessive ...
Bank of Cyprus – going beyond banking to serve the Cypriot society and economy
“The role of the CFO has always been key not only within a company but also in the business world. However, this pivotal role has undergone a profound transformation in ...
Economic inequality and the impact of the pandemic
By Andreas Charalambous and Omiros Pissarides
Economic inequality has always attracted attention because of its significant economic and political implications.
The most widely accepted method to measure economic inequality is ...
Banking and the Community in Cyprus
Cyprus’ banks are the backbone of the community. Their ongoing investment in both people and businesses has helped many companies flourish, in both good and bad times. The Covid-19 pandemic ...
Hellenic Bank: Taking on an active role for the community and the environment
As part of its Corporate Social Responsibility (CSR), Hellenic Bank emphasizes on sustainable practices and supporting ‘green’ initiatives and businesses.
Cognizant of its responsibility to the environment and the community, ...
Move over Apple, Microsoft now the world’s most valuable company
Apple Inc (AAPL.O) lost its crown as the world’s most valuable public company to Microsoft Corp (MSFT.O) on Friday, as the iPhone maker’s shares fell about 2 ...
The inconsistency in global strategic relations
by Maria Demertzis
“There’s a fundamental truth of the twenty-first century within each of our own countries and as a global community,” President Joe Biden told the United Nations ...
Cyprus economy growth prospects better than previously thought
The Cypriot economy is expected to grow more than previously expected according to a report by the University of Cyprus Economic Research Centre.
According to the report, Cyprus’ real GDP ...
Cyprus Business Now
The Beau Rivage Hotel in Larnaca has begun to be demolished, a process estimated to take somewhere between two and three months to be completed.
As confirmed by NCH Managing ...
Saudi Arabia may raise light crude prices in December
Top oil exporter Saudi Arabia may raise prices of light crude grades to Asia in December, supported by a rebound in distillate margins and spot premiums for Middle Eastern oil ...
Draft tender announced for new ferry service
The deputy ministry of shipping on Friday announced the online publication of the draft tender document for the establishment of a ferry link with Greece which is available for open ...
NatWest triples profit but focus turns to margin pressure
NatWest’s (NWG.L) profit tripled in the third quarter as Britain’s resurgent economy buoyed its finances, but its margins contracted in a sign of potentially tougher times ahead.
...
Facebook rebrand mostly applies gauze to cover a tarnished name
The metaverse is here, in name if not in fact. Facebook (FB.O), the company, will henceforth be known as Meta, a new name that reflects co-founder and Chief Executive ...
Ferrari EU court case win has implications for numerous industries
Italian luxury sports car maker Ferrari (RACE.MI) on Thursday won its dispute with a German car design company after Europe’s top court agreed with its arguments that it ...
Microsoft to work with community colleges to fill 250,000 cyber jobs
Microsoft Corp (MSFT.O) on Thursday said it plans to work with community colleges across the United States to fill 250,000 cybersecurity jobs over the next four years.
Microsoft said it ...
IATA highlights importance of air connectivity, says travel pass on the way
The International Civil Aviation Organization’s (ICAO) high-level conference on Covid-19 took place earlier this month, with the conference exploring the issues around the aviation industry’s recovery, as well ...
Cyprus Business Now
According to the Cyprus Statistical Service (Cystat), industrial production marked a year-on-year increase of 9.3 per cent in the period of January – August 2021.
According to the Cystat data, the Industrial Production ...
Facebook changes name to Meta as it refocuses on virtual reality
Facebook Inc (FB.O) is now called Meta, the company said on Thursday, in a rebrand that focuses on investing in the “metaverse,” a shared virtual environment that it bets ...
Uncertainty dogs 787 deliveries, MAX approval ahead of Boeing Q3
Hopes of an imminent breakthrough in deliveries of Boeing Co’s (BA.N) 787 jetliner were fading on Tuesday after a top supplier reported a lull in activity and two industry ...
Volvo Cars hopes downsized IPO can rev up investors’ electric dreams
Volvo Cars is hoping investors will buy into its long-term electric vehicle strategy and see past supply chain worries and questions about its shift to battery power as it gears ...
Tax rises and inflation to squeeze UK living standards
Higher inflation and rising taxation to fund growing demand for healthcare and other public services will cause living standards in Britain to barely rise over the coming year, the Institute ...
CBC fines BoC €277,000 over AML violations between 2008 and 2015
The Central Bank of Cyprus (CBC) has fined Bank of Cyprus, Cyprus’ largest lender, €277,000 over violations of the anti-money laundering law in the period 2008 until 2015.
An AML audit in the ...
Britain to spend a million on electric race in Outer Hebrides
Britain plans to spend a million pounds ($1.37 million) on a proposed electric Extreme E off-road race in the Outer Hebrides next year, the series said on Wednesday.
Finance minister Rishi ...
Setback for Nvidia’s $54 bln ARM bid as EU regulators open probe
Nvidia (NVDA.O) suffered a setback on Wednesday as EU antitrust regulators opened a full-scale investigation into its $54 billion bid for British chip designer ARM on concerns the deal could ...