#business

PwC Cyprus on Tuesday released the results of the firm’s global business survey, which revealed that family businesses experienced their highest growth in 15 years during their most recent fiscal ...

Russia has successfully redirected all its crude oil exports affected by Western sanctions over Ukraine to “friendly” countries, Energy Minister Nikolai Shulginov said on Tuesday, while still a decline in ...

The Republic of Cyprus is looking for investors to issue a sustainable bond, the Financial Director of the Public Debt Management Office, Phaidonas Kalozois, said this week. Kalozois had been ...

Investor confidence in the banking sector remained fragile on Tuesday, with the European Central Bank (ECB) saying recent volatility highlighted the need for greater regulatory scrutiny. European bank stocks (.SX7...

Germany’s antitrust regulator is reviewing Microsoft’s (MSFT.O) market power in a move that could lead to an investigation of the US tech giant’s business practices and ...

The European Union on Tuesday reached a provisional deal on the deployment of more service stations for cars running on electricity and alternative fuels as the bloc seeks to reduce ...

Crypto exchange Binance on Tuesday issued a statement responding to the US Commodity Futures Trading Commission (CFTC), after the latter party sued the exchange for allegedly “operating an illegal exchange ...

Bullish bitcoin has been a surprise winner of the banking blowout. Yet investors aiming to amp up their bets face an ominous obstacle: a lack of liquidity that could trigger ...

Toshiba Corp’s (6502.T) auction was supposed to ignite a race for top-dollar bids among global private equity firms. Instead, it brought months of uncertainty and a solitary, scaled-back offer ...

Britons already reeling from the biggest rise in food prices since 1977 may have to get used to shortages of fresh vegetables as soaring costs and unpredictable weather hit domestic production. ...

The White House said on Monday that the US banking system is safe despite stress on some institutions after two American banks collapsed, ratcheting up fears of a contagion that ...

After the collapse of two US banks and record outflows from smaller lenders, the banking industry is shifting its concern from an immediate crisis to a medium-term worry: economic growth. ...

First Republic Bank (FRC.N) became the epicentre of the US regional banking crisis after the wealthy clients it courted to fuel its breakneck growth started withdrawing deposits and left ...

The world’s biggest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the US Commodity Futures Trading Commission (CFTC) on Monday for operating what the ...

Companies are spending up to half a million dollars a year on a sustainability rating to meet investor demands for such data, yet are often dissatisfied with the results, new ...

By Ioannis Tirkides Surely the collapse of Silicon Valley and Signature banks in the United States, and even the takeover of Credit Suisse by UBS, have idiosyncratic elements that led ...

Indian industrial giant Reliance is reviving a historic local cola brand with plans to use its vast retail network, slash prices and tap nationalist sentiment to challenge US beverage giants ...

At the turn of the year, bitcoin was in the grip of a bleak midwinter, down and out after a 2022 defined by tumbling crypto prices, bankruptcies and corporate scandals. Less ...

The European Union wants to give consumers the right to have worn-out products like washing machines and televisions repaired by producers even after the sales guarantee has expired, to cut ...

South Korea’s LG Energy Solution Ltd (LGES) (373220.KS) said on Friday it would resume a stalled US battery project with a $5.6 billion investment in Arizona to qualify for federal ...

Electric vehicle adoption took off in 2022, with the global market for such cars growing by 55 per cent during this time, for total sales of 10.1 million units, according to a report ...

New sails and boat designs are set to help shipowners slash fuel costs and emissions. By Gareth Willmer There is no mistaking Cristina Aleixendri’s enthusiasm – and competence – when it ...

Rapid technological advances such as the ChatGPT generative artificial intelligence (AI) app are complicating efforts by European Union lawmakers to agree on landmark AI laws, sources with direct knowledge of ...

Cyprus Consul Christos Poullaides held meetings with Bahraini Ministers to discuss bilateral cooperation on energy and tourism matters, according to an announcement released on Friday. The meetings centred on discussions ...