Tesla employees in Germany plan works council
Employees at Tesla’s (TSLA.O) huge new factory near Berlin will elect a works council to represent their interests, a German trade union said on Tuesday.
The IG Metall ...
Re-orientating a business for the post-pandemic digital world
In 2020, a global shutdown of economies revealed how fragile and unprepared developed and developing nations are when faced with a worldwide crisis. The Covid-19 pandemic pushed some economies to the ...
OPEC+ challenged with release of oil reserves
The administration of US President Joe Biden announced on Tuesday it will release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and ...
Apple files lawsuit against NSO Group, saying US citizens were targets
Apple Inc (AAPL.O) said on Tuesday it has filed a lawsuit against Israeli cyber firm NSO Group and its parent company OSY Technologies for alleged surveillance and targeting of ...
Lebanon has yet to give IMF figure for financial losses, central bank governor says
Lebanon has yet to give the IMF its estimate of losses in the financial system as discussions on the issue continue, but is working hard to sign a memorandum of ...
Turkish lira in historic 15 per cent crash after Erdogan stokes fire sale
Turkey’s lira nosedived more than 15 per cent on Tuesday after President Tayyip Erdogan defended recent rate cuts and vowed to win his “economic war of independence”, despite widespread criticism ...
Biden oil reserves bet melds China outreach with appeal to US voters
President Joe Biden’s historic move to release oil from strategic reserves in coordination with big nations including China represents a unique bet that finding common ground with the United ...
Worker rights a government priority, President says
“The protection of worker rights, through the actions of the Ministry of Labour and Social Insurance, has always been the government’s priority,” President Nicos Anastasiades said on Monday in ...
Cyprus Business Now
Port workers at the Eurogate Container Terminal Limassol and DP World Limassol participated in a one-hour work stoppage on Tuesday, November 23.
According to a press release by the two participating ...
UK business survey ‘gives green light’ for rate rise -IHS Markit
British businesses reported the fastest growth in new orders since June this month alongside record cost pressures, according to a closely watched business survey that could pave the way for ...
Altamira ‘Red Friday’ property drive offering best bargain buys
For the second year in a row, Altamira Real Estate is running its “Red Friday” drive, offering would-be buyers unique opportunities in 300 residential plots and fields island-wide, at the best ...
Nouris showcases Cyprus’ comparative advantages at London conference
Minister of Interior Nicos Nouris has invited the international investment and business community to choose Cyprus, stating that the country’s government has “a clear vision on how to develop ...
Amazon and Apple handed $225 million in Italian antitrust fines
Italy’s antitrust authority has fined US tech giants Amazon.com (AMZN.O) and Apple Inc (AAPL.O) a total of more than 200 million euros ($225 million) for alleged anti-competitive cooperation ...
Impossible Foods raises $500 mln in funding round led by Mirae
Impossible Foods has raised nearly $500 million in a funding round led by existing shareholder Mirae Asset Global Investments, highlighting a surge in investor appetite for fast-growing plant-based meat makers.
The ...
Bank of Cyprus appeals central bank fine
Bank of Cyprus has appealed a central bank fine in the administrative court. The appeal was announced by the central bank which said that BoC was appealing the €277,000 fine imposed ...
Turkish lira sinks as world shares shrivel
Stock markets fell and the dollar held near a 16-month high on Tuesday as investors positioned for interest rate hikes in 2022 after Federal Reserve Chairman Jerome Powell was nominated for ...
Pursuing external funding for a startup: EU and US options
Since the global pandemic of Covid-19, there has been a significant rise of startup LLC business structures in both Europe and the US. According to statistics and research, it may ...
The importance of graphic design for attracting consumer attention
Graphic design plays a vital role in both traditional and digital marketing. The role that it plays has been gaining momentum due to the amount of pressure that marketers are ...
BA-owner IAG says transatlantic bookings close to 2019 levels
The boss of the British Airways owner, IAG (ICAG.L), said on Monday its transatlantic bookings had already reached nearly 100 per cent of 2019 levels after the United States dropped restrictions ...
Cyprus and Greece trade relations have further growth potential
The prospects for the further strengthening and utilisation of the trade relations between Cyprus and Greece were showcased at the ‘Doing Business in Cyprus – COVID 19 Challenges and Opportunities’ online seminar.
...
Cyprus Business Now
The Cyprus Integrity Forum (CIF), an independent, non-profit and non-governmental organisation, signed on November 15 a memorandum of understanding with fellow non-profit organisation Oxygono.
The CIF, which was launched in 2010 and ...
GoDaddy security breach exposes WordPress users’ data
Web hosting company GoDaddy Inc (GDDY.N) said on Monday email addresses of up to 1.2 million active and inactive Managed WordPress customers had been exposed in an unauthorized third-party access.
...
Germany’s economy is taking a breather but inflation isn’t, Bundesbank warns
The German economy is taking “a breather” as a lack of goods and labour as well as new restrictions designed to fight the coronavirus pandemic put an end to its ...
World stocks off to a cautious start; euro struggles
World stocks kicked off the week on a cautious note on Monday after posting a second consecutive weekly drop, and the euro struggled as traders weighed the risks of European ...