Business

Billionaire investor William Ackman liquidated a $1.1 billion bet on Netflix (NFLX.O) on Wednesday, locking in a loss of more than $400 million as the streaming service’s stock plunged following ...

Refiners are planning to spend the summer increasing jet fuel and diesel production instead of gasoline, traders and analysts said, favouring what have historically been the least profitable parts of ...

Vagit Alekperov, a former Soviet deputy oil minister and a supporter of close ties between Russia and OPEC, has resigned as president of Russia’s second-largest oil producer Lukoil (LKOH....

Egypt’s economy will grow 5.3 per cent in the fiscal year ending in June but the pace will ease to 5.2 per cent in 2022/23 and 5.0 per cent in 2023/24 as tourism falls ...

The Turkish consumer confidence index dropped 7.3 per cent to 67.3 points in April, official data showed on Thursday, hitting its lowest ever level, driven by a 10 per cent drop from the ...

Former tennis world number one Serena Williams and seven-times Formula One world champion Lewis Hamilton have joined Martin Broughton’s bid to buy Premier League club Chelsea, a source close ...

Hellenic Bank on Thursday posted its financial results for the previous year, showing a loss of €11.7 million for 2021. This primarily reflects impairment losses related to the completion of Project Starlight, ...

Investing is a pure mind game and requires a lot of skills, it is not at all an easy job but can be made easy with a good skill set. ...

Global information technology and other related professional services revenue is estimated to grow by 5.6 per cent in 2022, according to a report by industry analysts International Data Corporation (IDC) released this ...

Netflix Inc (NFLX.O) shares lost more than a quarter of their value in premarket trading on Wednesday after the company reported its first drop in subscribers in a decade, ...

Association for the Protection of Borrowers (Syprodat) director Tzeni Papacharalambous on Wednesday met with Hellenic Bank head of retail banking Andreas Assiotis, discussing a range of issues. Points of discussion ...

A US judge’s ruling this week that the Biden administration’s mask mandate for public transportation was unlawful dealt another blow to an industry that built dozens of small ...

Greece will raise the minimum wage from May 1 for a second time this year, Prime Minister Kyriakos Mitsotakis said on Wednesday as rising inflation takes a toll on household incomes. “...

Netflix shares lost over a third of their value on Wednesday after the company reported its first drop in subscribers in a decade, leaving Wall Street questioning its growth in ...

Homeowners in small Chinese cities are battling a rare property market downdraft as buyers keep away, eroding the wealth of millions in a blow to already brittle consumer confidence in ...

Saudi Arabia exported nearly 13 per cent less oil to China in March than a year earlier but retained its top supplier spot, while shipments from second-ranking Russia slipped 14 per cent, ...

Oil prices rebounded on Wednesday from sharp losses in the previous session as concerns about tighter supplies from Russia and Libya dominated, while industry data showed a drop in US ...

While there are many cryptocurrency investors out there who prefer to buy and hold their digital coins until a later date in the hopes of a more significant reward, there ...

German car parts supplier Continental AG (CONG.DE) has temporarily resumed tyre production for passenger cars at its Russian plant in Kaluga, it said on Tuesday, to protect local workers ...

Britain’s competition regulator will directly enforce consumer law and can fine firms up to 10 per cent of their global annual turnover for mistreating customers, the UK government said, as ...

The Famagusta district is feeling the absence of Russian visitors, with tourism currently at low levels, the head of the Famagusta branch of the hotels’ association Pasyxe Doros Takkas told ...

Property sales in Cyprus reached €1.3 billion during the first quarter of 2022, according to a report by the land registry released on Tuesday. “The land registry data reflects the dynamic momentum ...

Buyers around the world are lining up to purchase electric vehicles this year even with sticker prices surging, flipping the script on a decade and a half of conventional auto ...

KPMG Cyprus on Tuesday announced that it has entered into a strategic partnership with AI specialists EBO. EBO is one of the leading companies in the field of customer engagement ...