#business

German consumer sentiment is set to tumble in February as households continue to brace for uncertainty, swiftly dashing faint hopes of recovery for Europe’s largest economy after a rise ...

Tesla (TSLA.O) has told suppliers it wants to start production of a new mass market electric vehicle codenamed “Redwood” in mid-2025, according to four people familiar with the matter, ...

The value of deposits in the Cypriot banking system experienced a substantial monthly increase of €346 million in December 2023, reaching a total €52.2 billion, according to a report released on Friday by ...

payabl., one of Europe’s leading PayTechs, on Friday announced that it was granted an Electronic Money Institution licence (EMI licence) by the Central Bank of Cyprus (CBC), which will ...

The president of the Cyprus Ports Authority (Alk) Antonis Stylianou this week presented a strategic development model, which is aimed at addressing the evolving conditions in the modern port environment. ...

The eurozone should not weaponize its own currency in a global conflict as that could ultimately undermine it, an influential European Central Bank policymaker said on Friday, just as the ...

The Bank of England said on Thursday that its rules requiring banks to “ring fence” their retail arms with bespoke buffers of capital have worked satisfactorily with no major overhaul ...

Oil prices eased on Friday but were set for their biggest weekly gain since October as positive US economic growth and signs of Chinese stimulus boosted fuel demand sentiment. Brent ...

Rosemary and Larry Brester have been running Hobart Machined Products since 1978, milling and grinding metal to make aircraft components out of a tiny building behind their home. Hobart is one ...

Tesla (TSLA.O), tumbled nearly 11 per cent on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins and raised ...

Cyprus’ Research and Innovation Foundation (Idek) is set to host a pioneering Partner Day on Friday, February 9, at the Hilton Hotel in Nicosia. Under the theme “Innovation, Collaboration, Development,” the ...

eBay Inc (EBAY.O), will cut about 1,000 roles, or an estimated 9 per cent of its current workforce, the e-commerce retailer said on Tuesday. “While we are making progress against our ...

German sportswear company Puma (PUMG.DE), this week forecast sales and profits this year below analyst expectations, sending its shares down over 8 per cent to their lowest since 2018, blaming a ...

The European Central Bank kept interest rates unchanged as expected at a record high on Thursday and reaffirmed its commitment to fighting inflation, giving not a hint that policymakers are ...

Cyprus’ Deputy Minister of Tourism Kostas Koumis engaged in “significant discussions” this week in Brussels, in an effort to boost the number of visitors from Belgium. According to statements by ...

The European Central Bank will keep interest rates unchanged at a record high on Thursday and is likely to keep pushing back on investor bets for aggressive policy easing this ...

British food and drink prices will continue to rise in 2024, contributing to an extended cost-of-living crisis, a prominent grocery industry researcher said on Thursday. Food and drink inflation will be ...

Oil prices rose on Thursday after data showed US crude stockpiles fell more than expected last week, while the Chinese central bank’s cut in banks’ reserve ratio reinforced hopes ...

Quadcode, a Cyprus-based fintech company specialising in financial brokerage activities, on Thursday announced the promotion of Michael Gitsis from Chief Financial and Administrative Officer (CFAO) to Chief Operating Officer (COO), ...

Cyprus’ National Betting Authority on Wednesday reported a total revenue of €259.4 million for the third quarter of 2023, marking a 9 per cent increase from the same period in 2022 and an increase ...

Trade union Democratic Labour Federation of Cyprus (Deok) this week called for the immediate convening of the Labour Advisory Body to review the strategy for the employment of third-country nationals. ...

Unilever, the maker of Dove soap and Ben & Jerry’s ice cream, struggled to defend fourth-quarter grocery store market share across most of its categories in Europe and the ...

Pay awards from British employers held at their highest sustained level in over 30 years in the last three months of 2023 but deals struck in early 2024 suggest pay growth has peaked, ...

Germany’s economic downturn worsened this month with both manufacturing and services activity contracting, a preliminary survey showed on Wednesday. Underlying data showed a convergence in performance between the two ...