Business

Rivian Automotive, backed by Amazon.com Inc (AMZN.O), on Friday significantly raised the expected offer price of its shares, with the electric vehicle manufacturer aiming for a valuation of ...

Tesla Inc (TSLA.O) Chief Executive Elon Musk on Saturday asked his 62.5 million followers on Twitter in a poll if he should sell 10 per cent of his Tesla stock. The ...

China’s export growth slowed in October but beat forecasts as booming global demand for holiday seasons, an easing power crunch and mitigating supply chain disruptions offset some pressures facing ...

Bank of England officials sought to reassure investors on Friday that they were sticking to plans to raise interest rates, a day after the central bank confounded widespread market expectations ...

Incentives to companies to come to Cyprus and those already here to expand By Fabian Cabeza, Theodora Alexandrou, Maria Aristidou Cyprus is a long-established international business centre and through various ...

by Maria Demertzis By far the biggest innovation in the recent monetary policy strategy review of the European Central Bank (ECB) is the emphasis that it puts on climate change ...

President Nicos Anastasiades on Friday outlined the government’s Action Plan, aimed at establishing Cyprus as “a prosperous, reliable and competitive business hub.” “We are keen on providing the conditions ...

Taking place over November 10-12 at the Cyprus International Fair in Nicosia, the Eastern Mediterranean Energy Conference and Exhibition (EMC) will focus on a wide range of crucial issues related ...

Cyprus Deputy Minister of Shipping Vasilis Demetriades travelled to Glasgow on Friday to take part in the shipping industry’s official COP 26 sideline event, entitled ‘Shaping the Future of Shipping’, ...

BMW will cut working hours at its east German plant from 38 to 35, in line with its west German factories, it said on Friday, in a move welcomed by the works ...

Britain can revive production of high-powered magnets vital for the ramp up of electric vehicles, but it should copy China’s centralised strategy to make it viable, according to a ...

British Airways owner IAG (ICAG.L) is “very optimistic” about the reopening of transatlantic travel and planning to ramp up capacity on those routes next year, fuelling recovery hopes despite ...

The next natural gas exploration round as well as the hydrocarbon quantities located will determine the speed and the exploitation of the hydrocarbon reserves in Cyprus’ Exclusive Economic Zone (EEZ), ...

Most businesses said they saw a rise in prices of up to 30 per cent in the past six months, according to the results of a survey published on Friday. The ...

Royal Caribbean International is expected to continue using Limassol as a home port for some of its cruises in 2022, port management company DP World Limassol said on Thursday. DP World ...

Electricity prices in Cyprus are at an all-time high impacting industry and business. Cyprus Employers and Industries Federation (OEB) has been grappling with the challenges these pose. George Petrou, former ...

The Ministry of Finance said that the recently released data on unemployment ‘confirms that the Cypriot economy has entered a growth phase’. The total number of unemployed people fell sharply ...

A Colombian exporter of long-horned beetles, a popular pet for Japanese children, has created its own cryptocurrency to avoid high commissions on international sales. “It’s an alternative to be ...

Moderna Inc (MRNA.O) on Thursday slashed the 2021 sales forecast for its COVID-19 vaccine by as much as $5 billion, grappling to fill vials and distribute them to meet unprecedented world ...

Volkswagen (VOWG_p.DE) CEO Herbert Diess sought to defuse a clash over the pace of reforms he thinks are needed to keep up with the likes of Tesla (TSLA....

Turkey’s economy is expected to record double-digit growth in 2021, President Tayyip Erdogan said on Thursday, higher than a previous government forecast of 9 per cent. “Even though international institutions say 9 ...

The Bank of England kept interest rates on hold on Thursday, dashing investors’ expectations for a hike that would have made it the first of the world’s big central ...

The Cyprus Securities and Exchange Commission (CySEC) released a statement this week refuting any suggestions that the investment sector is experiencing an employee number contraction. This relates to publications in ...

Cyprus Investment Funds Association (CIFA) and Invest Cyprus’ seventh iteration of the International Funds Summit drew international attention to the island’s progress and potential as a fund management and ...