Tesla to recall over 1.1 million cars
Tesla Inc will recall a total of 1,104,622 vehicles, both imported and China-made ones, China’s market regulator said on Friday.
The models to be recalled include imported Model S, Model ...
‘Cypriot businesses can turn to collective funds for alternative financing’
In times of crisis, identifying and taking advantage of opportunities is crucial for economic growth, the president of the Cyprus Investment Funds Association (CIFA), Andreas Yiasemides, said on Thursday.
Yiasemides ...
Herodotou optimistic about Cypriot economy
The governor of the Central Bank of Cyprus, Constantinos Herodotou, expressed optimism that with appropriate actions, prudence, and rationality, the country’s economy and banking system can successfully manage the ...
Cyprus Business Now
The Cyprus Statistical Service (Cystat) this week reported a significant increase in the weight of products transported by road within Cyprus, as well as to and from Cyprus, in 2022.
The ...
Middle East maintains IPO momentum into 2023, EY says, despite slowdown
Middle East companies raised nearly 16 per cent of the total proceeds from initial public offerings (IPOs) globally in the first quarter, as the region’s momentum from a blockbuster 2022 continued, ...
Rolls-Royce on track as new CEO finds savings
British engine maker Rolls-Royce (RR.L) said it performed as expected in the first part of the year, with flying hours recovering, and steps taken by its new CEO to ...
Honda sees full-year profit rising 19 per cent after missing forecasts in Q4
Japan’s Honda Motor Co (7267.T) on Thursday forecast a 19.1 per cent rise in operating profit for this business year, after it missed analysts’ estimates in the fourth quarter.
Japan’...
Turkey’s economy faces ‘lost year’ no matter who wins election, insiders say
Turkey’s economy is bracing for a “lost year” no matter who wins landmark elections on Sunday, political insiders say, even if the opposition pledges to tear down President Tayyip ...
Sanctions on Cypriot firms leave employees without pay
The employees of two Cypriot firms which were recently sanctioned by the UK, on Thursday sent an open letter decrying the effects that the freezing of these companies’ accounts has ...
Disney CEO questions continued Florida investment in clash with DeSantis
Walt Disney Co (DIS.N) Chief Executive Bob Iger on Wednesday accused Florida politicians of retaliating against the company and questioned the state’s interest in the entertainment conglomerate’s ...
Crypto firms call for global consensus instead of “fire hose” of rules
A “fire hose” of differing regulatory approaches to cryptoassets lack the global consensus needed to attract established investors that would create a maturer market, a conference was told on Wednesday.
...
Turkey defers $600 million Russian energy payment under deal
Turkey has deferred payment to Russia of a $600 million natural gas bill to 2024, two sources said on Wednesday, the first such postponement under a deal announced last week that underlines ...
Tourism sector may be affected by a lack of capacity
The International Air Transport Association (IATA) this week reported a significant increase in air travel demand for March 2023, with total traffic rising 52.4 per cent compared to the same month in 2022.
...
US credit crunch didn’t start with SVB collapse, and may not end there
It wasn’t the March 10 collapse of Silicon Valley Bank that prompted Carissa Rodeheaver, head of a community bank tucked in the mountains of western Maryland, to rethink strategy.
That ...
Cyprus Business Now
PwC Cyprus on Wednesday announced that it once again recognised the excellence of its trainee accountants, rewarding their significant distinctions in international exams by the Association of Chartered Certified Accountants (...
PayPal tumbles 12 per cent, eyes lowest close since 2017
PayPal Holdings’ (PYPL.O) stock slumped 12 per cent on Tuesday, on track for its lowest close in almost six years, after the payments company cut the outlook for its annual ...
Google expected to unveil its answer to Microsoft’s AI search challenge
Alphabet Inc’s (GOOGL.O) Google on Wednesday is expected to unveil more artificial intelligence in its products to answer the latest competition from Microsoft Corp (MSFT.O), which has ...
Hellenic Bank outlines vision for holistic transformation
Hellenic Bank on Wednesday released a statement summarising its presence at the annual Nicosia Economic Congress, which took place the day before, including its strategy and plans for the future.
...
Toyota targets 10 per cent profit jump, robust EV sales as chip woes recede
Toyota Motor Corp (7203.T) on Wednesday said it expects operating profit to climb 10 per cent this business year, with a five-fold jump in pure electric vehicle (EV) sales amid an ...
UK finance bosses press to revive London’s allure
Some of Britain’s top finance executives, fearful London is losing out to New York and rival European cities, are pressing the government to broaden an array of reforms aimed ...
Musk says Twitter to soon allow calls, encrypted messaging
Twitter Inc Chief Executive Elon Musk on Tuesday revealed details about new features including adding calls and encrypted messaging coming to the platform.
Last year, Musk flagged plans for “Twitter 2.0 ...
Egypt’s headline inflation slows to 30.6 per cent in April
Egypt’s annual urban consumer inflation in April slowed to 30.6 per cent from 32.7 per cent in March, data from the state statistics agency CAPMAS showed on Wednesday, lower than analysts ...
Ryanair places major Boeing order after jet price spat
Ireland’s Ryanair (RYA.I) sealed a multibillion-dollar deal for as many as 300 Boeing (BA.N) jets on Tuesday, burying the hatchet after an 18-month public feud over prices upset ...
US small business sentiment slumps to more than 10-year low
US small business confidence fell to more than a 10-year low in April on worries about the near-term economic outlook and persistent worker shortages, but there were few signs that ...