#business

Moody’s cut credit ratings of several small to mid-sized US banks on Monday and said it may downgrade some of the nation’s biggest lenders, warning that the sector’...

Tesla (TSLA.O) finance chief Zachary Kirkhorn has stepped down, surprising analysts who considered the company veteran of 13 years as a possible successor to CEO Elon Musk. The world’s ...

Cyprus has been garnering substantial attention from international investors, particularly from fund managers and investment funds, as it solidifies its position as a top investment destination in Eastern Europe and ...

If medieval advances in the plough didn’t lift Europe’s peasants out of poverty, it was largely because their rulers took the wealth generated by the new gains in ...

In a bid to strengthen their existing partnership and foster collaboration in various areas of mutual interest, the Cyprus Shipping Chamber and the University of Cyprus recently signed a cooperation ...

British employers reduced the number of new permanent staff they hired through recruitment agencies by the most since mid 2020 last month due to concerns about the economic outlook, adding to ...

Turkey plans to impose a quota on imports of unprocessed gold in order to reduce the negative impact on the current account balance, according to a source familiar with the ...

British house prices fell in July for a fourth month and the slide looks set to extend into 2024, but the market showed some signs of resilience despite a rise in ...

Oil prices hovered near their highest levels since mid-April after top producers Saudi Arabia and Russia pledged to extend supply cuts through September, further tightening supplies. Prices have seen a ...

Around 80 per cent of Hong Kong-based investment banking staff at Credit Suisse will be made redundant starting this week, two people with knowledge of the matter said, as part of ...

A major increase in solar power generation in southern Europe played a leading role in averting energy shortages during the heatwaves of recent weeks when temperatures broke records and drove ...

The lightning-fast collapse of Silicon Valley Bank this spring laid bare an inconvenient truth: Some US banks are not prepared to borrow from the Federal Reserve if they need to, ...

MP Materials (MP.N) and other Western companies are seeking to develop supplies of processed rare earths needed for the green energy revolution in a sector dominated by China. The 17 ...

Kraft Heinz (KHC.O) missed quarterly sales estimates last week as inflation-hit customers bought fewer packaged meals and condiments, discouraged by higher product prices. Shares of the Jell-O maker were ...

Here are the top business stories in Cyprus from the week starting July 31: Hellenic Bank on Tuesday announced that chief executive officer Oliver Gatzke will be stepping down from his ...

“Smart” technologies in homes reduce energy use and bills, prompting stepped-up European research in the field. By Helen Massy-Beresford They may lack the environmental wow factor of switching to an ...

It’s a high bar, but companies reporting second-quarter earnings in recent weeks have talked up artificial intelligence even more than in the previous quarter. S&P 500 (.SPX) companies ...

Shares of PayPal Holdings (PYPL.O) fell more than 8 per cent in premarket trading earlier this week as weak second-quarter margins at the digital payments firm overshadowed a strong forecast. ...

The University of Cyprus Entrepreneurship Centre (CEC) on Friday officially announced the commencement of the Cyprus Entrepreneurship Competition (CyEC) for 2023. As with every year, the competition is organised by the ...

In June, the interest rates on deposits in the Cypriot banking system experienced the largest monthly increase since the European Central Bank (ECB) began its efforts to raise key interest ...

The Consumer Price Index (CPI) in Cyprus experienced a 1.5 per cent increase in July 2023, marking the slowest rate of inflation since March 2021, according to a report released this week by ...

The National Bank of Greece (Cyprus) this week released a statement in which it announced the appointment of Philippos Mannaris as an Independent Non-Executive Member and Chairman of the Board ...

There was a decrease of 6.8 per cent, totalling 958 individuals, recorded among the registered unemployed in Cyprus during July 2023, according to a report released this week by the state’s statistical ...

Meta Platforms (META.O) this week introduced its open-source AI tool called AudioCraft that will help users to create music and audio based on text prompts. The AI tool is ...