#business

First Republic Bank (FRC.N) shares sank more than 20 per cent after the closing bell on Monday as it said deposits plunged by more than $100 billion in the first quarter ...

Russian lender Sberbank (SBER.MM) said on Monday it had released technology called GigaChat as a rival to ChatGPT, initially in an invite-only testing mode, joining the artificial intelligence chatbot ...

The energy transition is crucial for delivering a sustainable future to the next generations, but it also involves a number of obstacles, which must be addressed, according to Andreas Poullikkas, ...

After a bumper year for floating offshore wind farm tenders, the nascent industry is poised for explosive growth in the coming decade as countries strive to cut their carbon emissions. ...

The University of Cyprus on Monday announced the launch of a new postgraduate programme in behavioural economics, which is designed to prepare students for career options requiring analysis of human ...

Switzerland’s UBS said on Monday it will retain Christian Bluhm as chief risk officer for the “foreseeable future” as it bolsters controls during the takeover of Credit Suisse. Chief ...

The Cyprus Germany Business Association (CGBA) on Monday announced that it is set to host a public event entitled dedicated to doing business with Germany. The event will take place ...

Top cryptocurrency bitcoin could reach $100,000 by the end of 2024, Standard Chartered (STAN.L) said on Monday, saying that the so-called “crypto winter” is over. Bitcoin could gain from factors including ...

Europe’s offshore renewable energy industry is not big enough to deliver governments’ goals to rapidly expand green power, and requires a jump in policy support and funding to get ...

OPEC’s share of India’s oil imports fell at the fastest pace in 2022/23 to the lowest in at least 22 years, as intake of cheaper Russian oil surged, data obtained ...

The Cyprus Economy and Competitiveness Council on Monday released a statement saying that the creation and implementation of a holistic plan that takes the entire country into account should be ...

Oil prices fell more than 1 per cent on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of ...

Credit Suisse (CSGN.S) said on Monday it had 61 billion Swiss francs ($68 billion) in net asset outflows in the first quarter, adding that outflows were continuing even in the wake ...

After months of hosting displaced survivors of Turkey’s massive earthquake in his Antalya hotels, Hakan Saatcioglu hopes his rooms will soon be filled with tourists again after the temporary ...

A request for seaplanes needed to fight forest fires is red-flagged because it could harm the environment. Companies seeking aid after being hammered by COVID are asked to show proof ...

By Pierre Jaillet Inflation has been elevated in 2021-22 in Europe and elsewhere, driven by higher energy and food prices, from exogenous influences, but also driven by mark ups on ...

Procter & Gamble Co’s (PG.N) customers, particularly in the United States, continued to show little resistance to repeated price hikes helping the Tide detergent maker boost its sales ...

Major British corporate names NatWest, John Lewis and Virgin Media O2 quit the Confederation of British Industry on Friday as a fresh media report about rape allegations deepened a crisis ...

Nestle and private equity firm PAI Partners have agreed to set up a joint venture for Nestle’s frozen pizza business in Europe, the Swiss company said on Friday, adding ...

Here’s a summary of the top business news stories from the week starting April 17: Cyprus has scored below the EU average in the 2022 Competitiveness Index: According to the annual ...

As disaster readiness climbs up the EU agenda, a chief scientific advisor offers views on how Europe can harness its strengths. Of all the areas of EU activity, crisis management ...

German wind power developer SL Naturenergie has been looking for a senior project developer for two years now without success. The company, in the west German town of Gladbeck, needs ...

Generative AI, such as OpenAI’s ChatGPT, needs to be regulated, but governing bodies must figure out how to do so properly before rushing into prohibitions that “really aren’t ...

The Cyprus Statistical Service (Cystat) announced on Friday that the price index of construction materials rose by 8.15 per cent in March, reaching 135.89 units. This is compared to the same period ...