#business

In years past, Siberian Viktor Motorin could hop on a plane and arrive in Crimea just four hours later to relax at his holiday apartment. Now he must fly first ...

Record levels of government debt, geopolitical tensions that threaten to split the global trading system, and the likely persistence of weak productivity gains may saddle the world with a slow-growth ...

National flag carrier Cyprus Airways on Monday announced a remarkable 70 per cent surge in passenger numbers in July, transporting a total of 77,656 passengers, compared to 45,578 passengers during the same month ...

British consumers’ mood perked up this month as lower inflation made individuals less downbeat about the outlook for their personal finances, although sentiment remained poor overall due to concern about ...

Dubai-owned ports giant DP World [RIC:RIC:DPWRD.UL] will invest around $510 million to build a new container terminal at the Kandla port in the Indian state of Gujarat, its ...

Tesla Inc (TSLA.O) is set to defend itself for the first time at trial against allegations that failure of its Autopilot driver assistant feature led to death, in what ...

International credit rating agency Fitch recently released a piece of analysis on the acquisition of Hellenic Bank by Greek lender Eurobank, with the agency noting that the completion of all ...

Britain’s competition regulator plans to propose a deeper probe into the large amount of land controlled by top homebuilders and into high charges arising from difficulties in handing over ...

Credit Suisse, which is now a subsidiary of UBS (UBSG.S), posted a loss of 3.5 billion Swiss francs ($4.0 billion) in the second quarter of 2023, according to a report in the ...

Turkey’s latest massive interest rate hike has caught the attention of long-sceptical foreign investors who say they could return to Turkish assets if authorities continue to demonstrate that a ...

Many smaller US manufacturers that supply parts to the Detroit Three automakers will be at risk if a long United Auto Workers strike shuts down assembly lines starting next month, ...

European researchers are striving to improve the technology that could one day help blind people see again. By Anthony King Berna Gomez, a former science teacher from Spain, became a ...

British retailer the John Lewis Partnership said on Friday it is recruiting for more than 10,000 jobs over the coming months – 1,700 permanent positions and over 8,400 seasonal roles. The employee-owned partnership trades ...

Proxy advisory firm Institutional Shareholder Services recommended on Wednesday that Nike (NKE.N) investors vote for a resolution calling on the company to disclose more data on pay equity for ...

Here are the top business stories in Cyprus from the week starting August 21: Entertainment venues in coastal towns are still seeing heightened traffic after the 15 August public holiday, according to ...

Nvidia (NVDA.O) far exceeded expectations with its quarterly revenue forecast on Wednesday as an artificial-intelligence boom fueled demand for its chips and said it would buy back $25 billion in ...

Germany plans to almost double its public funding for artificial intelligence research to nearly a billion euros over the next two years, as it attempts to close a skills gap ...

Google will provide more information on targeted advertisements and give researchers more access to data on how its products work, to comply with landmark European Union online content rules, the ...

Cypriot firm Ask Wire this week released a report detailing the value of the ten most expensive property sales transactions completed in July 2023, along with the cumulative value of the ...

Cyprus-based Multimarine Services Ltd this week announced that it has marked a significant achievement with the successful construction of a floating electrical hub, heralding the island’s entrance into the ...

Private equity firm Roark Capital agreed on Thursday to buy Subway, in a deal that people familiar with the matter said values the US sandwich chain at up to $9.55 billion, ...

Sikorsky, a unit of Lockheed Martin (LMT.N), said on Thursday it was awarded a $2.7 billion contract by the US Navy to build 35 additional CH-53K helicopters. The CH-53K ...

Some foreign companies trying to exit Russia are facing a big jump in costs as Moscow is demanding bigger discounts on the price tags of assets they want to sell, ...

Eurobank on Friday announced a further increase in its ownership share of Hellenic Bank, with the bank disclosing that it has reached an agreement with Senvest Management LLC to acquire ...