#business

In the tumultuous landscape of 2023, the global economic and sociopolitical spheres were rife with challenges that tested the mettle of governments, organisations, and businesses of all sizes across the world ...

Major distillers want American drinkers to sip their Old Fashioneds, Negronis and Espresso Martinis this holiday season. But no bartender is required: these cocktails come bottled. Diageo (DGE.L) and ...

Russia’s central bank will need two to three months to make sure that inflation is steadily declining before taking any decision on interest rate cuts, the bank’s governor ...

Russian President Vladimir Putin on Sunday signed a decree clearing the way for Rosbank (ROSB.MM) to purchase stakes in leading Russian companies owned by Societe Generale (SOGN.PA). The ...

US chipmaker Nvidia (NVDA.O) and its employees have donated $15 million to Israeli and foreign non-profit organisations that are supporting civilians affected by Israel’s war with Palestinian militant group ...

Daihatsu said on Wednesday it halted shipments of all its vehicles after a safety investigation found issues involving 64 models, including almost two dozen sold under Toyota’s brand. The company ...

The angular, polarizing design of the Cybertruck will help boost the Tesla brand, the electric vehicle maker’s chief designer said on Thursday, adding that the pickup was no experiment. “...

New machines can improve conditions for workers and boost industrial productivity. By Helen Massy-Beresford On the shopfloor of a Dutch machine manufacturer called Hankamp Gears, workers remove bulky equipment from ...

Alphabet-owned Google (GOOGL.O) plans to reorganize a big part of its 30,000-person ad sales unit, The Information reported on Tuesday, citing a person with knowledge of the situation. Sean ...

Canada’s BlackBerry (BB.TO) reported a surprise quarterly profit on Wednesday, backed by a resilient demand for cybersecurity services amid rising online threats. While IT spending has dwindled over ...

IT services provider Accenture forecast second-quarter revenue below Wall Street targets on Tuesday, anticipating cautious spending by clients as macroeconomic uncertainty remains an overhang. Analysts expect IT services expenditure to ...

Here are the top business stories in Cyprus from the week starting December 18: Tourist arrivals in Cyprus between January and November 2023 reached 3,722,022 visitors, reflecting a notable increase of 20.4 per cent ...

By Maria Demertzis On December 8, the EU finally concluded talks on the Artificial Intelligence act, which aims to govern the big artificial intelligence (AI) models that may pose systemic risks ...

Airbus (AIR.PA) is on course to break aerospace order records in 2023 after a buying spree from European airlines and a brisk month so far in deliveries, industry sources said ...

Toshiba (6502.T) was delisted on Wednesday after 74 years on the Tokyo exchange, following a decade of upheaval and scandal that brought down one of Japan’s biggest brands and ushered ...

Panasonic Energy, a unit of Panasonic Holdings (6752.T), on Wednesday said Oklahoma was no longer a candidate for a new electric vehicle battery plant in the United States. The decision ...

Amidst the ongoing Israel-Gaza conflict, concerns about the safety and stability of Cyprus for potential property investors have surfaced. However, Cyprus property market stakeholder Chris Michael released a statement assuring ...

Euro-backed stablecoins will see booming growth, gaining a 0.5 per cent share in total Euro circulation volume within a 3-year period, according to analysts from a Cyprus-based fintech firm and a ...

The year 2022 marked a groundbreaking 85.8 per cent increase in tourist arrivals to Cyprus, reaching a staggering 4,833,939 compared to figures from 2021, according to a report released this week by the state’...

The Research and Innovation Foundation (RIF) this week announced that it has launched its CO-DEVELOP-REPowerEU programme, offering businesses a chance to secure €600,000 in funding for collaborative ventures with research organisations. ...

In a statement to the Cyprus News Agency (CNA), Marios Tsiakkis, the General Secretary of the Cyprus Chamber of Commerce and Industry (Keve), voiced dissent against the Minister of Labour’...

Alphabet’s (GOOGL.O) Google said this week it will restrict the types of election-related queries its chatbot Bard and search generative experience can return responses for, in the run ...

Cypriot indie gaming company Apella Games announced on Friday that it has won a major battle against tech giant Apple Inc., which tried to block the startup from registering its ...

Global equity funds saw significant withdrawals in the week up to Dec. 20 as investor enthusiasm over potential rate cuts waned and profit-taking set in ahead of the year-end holidays. The ...