Business

The European Commission’s Autumn 2021 Economic Forecast which was presented on Thursday shows positive prospects for Cyprus, including an increase in GDP by 5.4 per cent for 2021 as a whole, while ...

The Cyprus University of Technology (Tepak) has signed an agreement for the opening of a satellite school in Paphos. Specifically, the university will run a tourism, hospitality and entrepreneurship school ...

The LNG import terminal project would be transformational for Cyprus said Symeon Kassianides, the chairman of the Natural Gas Public Company (DEFA), said on Thursday at the Eastern Mediterranean Energy ...

Walt Disney Co (DIS.N) on Wednesday missed Wall Street earnings projections as it reported the smallest quarterly gain in Disney+ subscribers since the company dove into the streaming video ...

A Nicosia restaurant announced it will be accepting payments with cryptocurrencies, the first such business to introduce this, it said on Thursday. Think 30, located on Stasikratous Street in Nicosia, citing ...

Shares of Rivian Automotive Inc (RIVN.O) surged as much as 53 per cent in its Nasdaq debut on Wednesday, giving the Amazon-backed electric vehicle maker a market valuation of more ...

Chinese smartphone maker Xiaomi Corp (1810.HK) is revamping its playbook in its home country by opening thousands of new stores to spur domestic sales growth in a highly competitive market, ...

Revenue from ship management showed a small increase in the first half of 2021, reflecting the recovery in global shipping after the disruption caused by the Covid pandemic. According to the ...

Taiwan Semiconductor Manufacturing Co (2330.TW) (TSMC) said on Tuesday it would build a $7 billion chip plant in Japan with Sony Group (6758.T), a move that was welcomed by the Japanese ...

Chinese gaming and social media giant Tencent Holdings (0700.HK) posted its slowest revenue growth since it went public in 2004 on Wednesday, hurt by a regulatory crackdown, and said the outlook ...

Cash-strapped developer China Evergrande Group averted a destabilising default at the last minute for the third time in the past month, with a source on Thursday saying several bondholders had ...

Cyprus must move quickly to implement the projects necessary to meet the objectives mandated by the EU’s Green Deal and simultaneously lower electricity prices, Energy Minister Natasa Pilides said ...

Cyprus’ trade deficit recorded an annual increase of €715.1 million during the first nine months of 2021 according to the Cyprus Statistical Service (Cystat). Based on Cystat’s report, the trade deficit ...

Facebook Inc (FB.O) said on Tuesday it plans to remove detailed ad-targeting options that refer to “sensitive” topics, such as ads based on interactions with content around race, health, ...

It was the break-up that eluded a generation of General Electric Co (GE.N) insiders. When Larry Culp, the first GE chief executive not to rise from within its ranks, ...

Nvidia (NVDA.O) is launching new technology to expand its reach in the automotive industry, including a virtual driving assistant that can park a standard car and a system to ...

Cash-strapped China Evergrande Group (3333.HK) faced a Wednesday deadline for making an offshore bond payment, while a credit rating downgrade on another property firm added to mounting concerns about a ...

British retailer Marks & Spencer (MKS.L) on Wednesday beat forecasts for first-half profit and raised its full-year outlook, adding to evidence that its latest attempt at an elusive turnaround ...

Businesses in Cyprus are more reserved about their prospects for the coming year than their European counterparts, according to research published on Tuesday by the Cyprus Chamber of Commerce and ...

Hellenic Bank reiterated its support towards businesses operating in the energy industry, with particular emphasis given to organisations involved with the production of renewable energy. “Last year, we supported Renewable ...

When Elon Musk asked his Twitter followers last weekend if he should sell 10 per cent of his Tesla Inc (TSLA.O) stock, he said he was posing the question because “...

General Electric (GE.N) said on Tuesday it would split into three public companies as the storied US industrial conglomerate seeks to simplify its business, pare down debt and breathe ...

British shoppers picked up the pace of their spending in October despite concerns about rising inflation, according to a survey published on Tuesday. The British Retail Consortium said retail spending ...

It has taken $50 billion and two years but the Bank of Israel may have finally accepted it is time to pare interventions and let the shekel juggernaut roll on. What ...