#business

World Investor Week 2023 (WIW2023) has concluded successfully with a significant level of participation, according to a statement by the Cyprus Securities and Exchange Commission (CySEC), which collaborated with global supervisory ...

Morgan Stanley’s (MS.N) third-quarter profit dropped less than expected as a strong performance in the bank’s wealth management division offset a hit from lethargic dealmaking. The wealth ...

The European Central Bank (ECB) is not expected to raise interest rates at its upcoming session, as recent economic data indicates that its benchmark rates have reached levels conducive to ...

Bank of Cyprus CEO Panicos Nicolaou this week revealed a vision for Cyprus as a thriving business hub in the region, noting that the island has the potential for further ...

Social media platform X, formerly known as Twitter, said on Tuesday it will test a new subscription model under which it will charge a $1 annual fee for basic features. The ...

Electric vehicle manufacturer Tesla on Tuesday urged the Biden administration to finalize much tougher fuel economy standards through 2032 than US regulators have proposed. The National Highway Traffic Safety Administration (NHTSA) ...

The Monetary Authority of Singapore (MAS) plans to conduct an on-site inspection of a local unit of Credit Suisse to determine whether it properly handled the monitoring of wealthy clients ...

Rolls-Royce (RR.L) said on Tuesday it would cut up to 2,500 jobs as its new chief executive seeks to build a more efficient business, the latest boss to attempt to ...

National flag carrier Cyprus Airways on Wednesday unveiled plans to extend its schedule with new flights to the city of Nice, France, starting from December 12, 2023, with the airline set to ...

Oil prices surged on Wednesday as tension escalated in the Middle East after hundreds were killed in a blast at a Gaza hospital, sparking concerns about potential oil supply disruptions ...

Global banking regulators on Tuesday proposed a standardised format for major banks to disclose their holdings of cryptoassets from January 2025 to support “market discipline” by giving a complete picture to ...

The University of Cyprus on Tuesday announced that the Jean Monnet Centre of Excellence DIGIU, which is dedicated to the study of the European institutional framework concerning digital and online ...

Growth in British workers’ regular pay – which is being watched closely by the Bank of England – slowed from a previous record high and job vacancies also dropped, official figures showed ...

The US auto regulator on Tuesday said Tesla (TSLA.O) will recall 54,676 Model X vehicles manufactured between 2021-2023, as the vehicle controller is likely to fail to detect low brake ...

The priorities of the government are intertwined with the commitment to incorporate technology and digitisation into its policies, stated Undersecretary to the President, Irene Piki, on Tuesday, a sentiment echoed ...

Hermes Airports, the company managing both of Cyprus’ international airports, on Tuesday announced that Larnaca Airport claimed the top spot in the highly competitive category for airports with 5-10 million ...

The Finance Ministry is preparing a study to revise the laws surrounding the annual corporate levy, said a spokesperson for the Ministry of Finance in the parliamentary Trade Committee, with ...

Oil prices steadied on Tuesday after a more than $1 slide on Monday amid hopes the US would ease sanctions on producer Venezuela and as Washington stepped up efforts to prevent ...

WomenTech Network, in partnership with Adsterra and TechIsland, will host the Women in Tech Limassol Meetup on October 19, 2023, at 6.30 pm at Lellos Art Point (str. Agiou Andreou 213), according to an ...

Netflix’s (NFLX.O) crackdown on password-sharing likely boosted subscribers by about 6 million in the third quarter and the streaming pioneer is expected to set the stage for price increases ...

Microsoft’s (MSFT.O) LinkedIn said on Monday it would lay off 668 employees across its engineering, talent and finance teams in the second round of job cuts this year for ...

British clothing and food retailer Marks & Spencer (MKS.L) said on Monday it plans to recruit 10,000 temporary workers for the Christmas season, a more than 40 per cent increase on ...

The government should be looking into ways of tackling the longstanding issue of seasonality in the tourism industry, as well as improving connectivity to the island, according to a survey ...

The 7th International Scientific Conference on Renewable Energy and Energy Efficiency has drawn to a triumphant close, attracting professionals, scientists, and enthusiasts from both Cyprus and abroad within the business ...