#business

An entity formed of senior Yandex managers will become the Russian internet company’s largest shareholder with a 35 per cent stake should a $5.2 billion cash and share deal go through, ...

Big Oil firms are handing shareholders more money than ever and are promising more going forward in an attempt to reassure investors of their discipline and resilience in the face ...

The Cyprus Employers & Industrialists Federation (Oev) this week expressed its satisfaction with the approval of the Grants Scheme for Energy Upgrade and Competitiveness Enhancement for Large Enterprises. The proposal, ...

Britain’s biggest homebuilder Barratt (BDEV.L) will buy Redrow (RDW.L) in an all-stock deal valuing its smaller rival at about 2.52 billion pounds ($3.18 billion), they said on Wednesday, aiming ...

Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the United Arab Emirates (UAE), is setting up a $4-5 billion fund to invest in India through a tax-neutral ...

Finance Minister Makis Keravnos on Wednesday announced that the Cabinet has approved the revision of the strategic plan aimed at attracting foreign businesses to Cyprus. The revised strategy, according to ...

Cruise industry giant Royal Caribbean Group announced on Wednesday that it is now hiring members of staff based in Cyprus for its cruise ships, with a diverse set of roles ...

The Association of Large Investment Projects on Wednesday released a statement saying that large-scale projects, with a total value exceeding €8 billion, will take centre stage in Cyprus’ economic development journey ...

Diageo’s (DGE.L) attempt to reassure investors about its strategy in Latin America has boosted confidence among some that the world’s top spirits maker can revive its performance ...

Oil prices rose for a third day on Wednesday after US crude inventories grew less than expected and a cut in the forecast for output growth in the US, the ...

Global shares hit their highest in over a year on Wednesday, supported by relatively robust earnings and a retreat in the dollar, although trouble among US regional banks and scepticism ...

The Cyprus Chamber of Commerce and Industry (Keve) on Tuesday announced a state-of-the-art online course through its I-STARS (Innovative Strategies, Training, and Resources for Sustainability) project. According to the announcement, ...

British retailers reported sluggish sales in January as shoppers remained cautious about spending, according to a survey published on Tuesday which underscored how high inflation and borrowing costs are weighing ...

Honda Motor Co (7267.T) said on Tuesday it was recalling 750,000 vehicles in the United States over a defect involving air bags which could deploy unintentionally during a crash. The front ...

Bank of Spain governor Pablo Hernández de Cos on Tuesday said that the European Central Bank (ECB) will proceed with cutting interest rates, without, however, specifying the timeline for ...

The Larnaca regional tourism board (Etap) announced on Tuesday that its participation in several European programmes will ultimately help to boost specialisation and professional qualifications in Cyprus’ tourism and hospitality ...

The share of renewable energy sources in transport in Cyprus stood at 7.2 per cent in 2022, without significant change compared to 2021, according to a report released this week by Eurostat, the ...

Paphos regional tourism board (Etap) representatives are visiting the city of Faenza, Italy, under the framework of the Interreg Euro MED European programme, titled ‘MED-Routes’, for the opening meeting of ...

BP (BP.L) reported fourth-quarter earnings of $3 billion on Tuesday, exceeding forecasts thanks to strong gas trading, and increased the pace of its share repurchases in a sign of confidence ...

UBS (UBSG.S) said on Tuesday it would restart share buybacks and lifted cost-cutting targets, saying the integration of fallen rival Credit Suisse was on track, but higher expenses made ...

Japan’s Toyota Motor (7203.T) raised its full-year operating profit forecast by nearly 9 per cent on Tuesday, after its third-quarter earnings raced past analysts’ estimates thanks to a weaker yen ...

Short-term rental properties are increasing in popularity in Cyprus, quickly becoming a mainstay in the accommodation choices of both travellers and locals, according to Yiannis Kotzias, general manager of operations ...

Consulting and advisory firm PwC Cyprus this week announced that it hosted another successful ACCA Award Ceremony, held at the organisation’s Experience Centre, in the presence of Philippos Soseilos, ...

Societe Generale (SOGN.PA) plans to cut about 900 jobs at its Paris headquarters through voluntary departures, France’s third-biggest listed bank said on Monday, adding to a wave of job ...