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 ...
Turkish lira blows through 15 to dollar ahead of rate decision
The Turkish lira dropped to an all-time low beyond 15 against the dollar on Thursday ahead of another expected interest rate cut by the central bank, which has fallen in line ...
Bank of Cyprus outlook revised to positive by Fitch Ratings
American credit rating agency Fitch Ratings announced on Wednesday that it has revised the Bank of Cyprus’ outlook to positive from negative, while at the same time affirming the bank’...
UK inflation jumps above 5 per cent as BoE considers rate rise
British inflation surged to its highest in more than 10 years in November, jumping to 5.1 per cent and potentially unsettling the Bank of England a day before it announces whether it ...
Cyprus Business Now
The number of job vacancies suffered a 3 per cent decrease during the third quarter of the year, according to the Cyprus Statistical Service (CyStat), with the number of job vacancies ...
Assets under Management in Cyprus exceed €11bn
The total value of Assets under Management (AuM) of Collective Investments reached €11.6 billion in the third quarter of 2021, according to a report released on Wednesday by the Cyprus Securities and ...
Finance ministry: economic growth expected in 2021
As is the case with the global and European economies, the course of the Cypriot economy continues to greatly depend on the pandemic but despite being characterised by uncertainty, the ...
US to add more Chinese firms to investment, export blacklists
Shares in Chinese health care and technology firms tumbled on Wednesday after a report that the United States will add more Chinese firms, including the largest commercial drone maker and ...
Cineworld shares plunge after $957 mln damage ruling on aborted Cineplex deal
Shares in Cineworld Group (CINE.L) sank nearly 40 per cent on Wednesday after a Canadian court asked the British cinema operator to pay C$1.23 billion ($957 million) to rival Cineplex as ...
Lebanon agrees losses in financial sector ‘$68 bln to $69 bln’, deputy PM says
Lebanese officials have agreed that losses in the country’s financial sector amount to between $68 billion and $69 billion, Deputy Prime Minister Saadeh al-Shami told Reuters but cautioned that the figure ...
Cyprus Economic Society: The German elections and what it means for Europe
This article summarises the discussion Forum organised by the Cyprus Economic Society on 14 October 2021 on the German Elections and What it Means for Europe. The speaker was Dr Christian Odendahl, ...