#business

Telecoms gear maker Ericsson (ERICb.ST) plans to cut about 1,400 jobs in Sweden as part of a broader plan to reduce costs globally, it said on Monday. The company had ...

The Bank of Cyprus on Monday released its preliminary financial results for 2022, posting a profit after tax of €71 million for the entire year, marking a considerable increase over the €30 million ...

Oil prices rose on Monday amid optimism over China’s demand recovery, concerns that underinvestment will crimp future oil supply and as major producers keep output limits in place. Brent ...

Average asking prices for British residential property rose by just 14 pounds ($17) in February from January, the smallest rise on record for a month which normally sees a big seasonal increase, ...

Shipping and logistics group A.P. Moller-Maersk (MAERSKb.CO) has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday, nearly marking ...

Slow German government export approvals are holding up Airbus Defence & Space (AIR.PA) defence exports worth several billions of euros, the company’s chief executive said on Sunday, urging ...

Birkin bagmaker Hermes (HRMS.PA) said that wealthy Chinese clients snapped up its products in the fourth quarter even as the rest of the luxury sector took a hit from ...

British consumers unexpectedly increased their shopping in January, but the big picture remains one of weak demand from inflation-hit households relying more on discounts at retailers to make ends meet. ...

Britain’s biggest retailer Tesco Plc (TSCO.L) is planning to review its presence in the UK banking sector in a move that could lead to a sale of its ...

Former pro US basketball star Paul Pierce has agreed to pay more than $1.4 million to settle charges he illegally promoted digital assets, Wall Street’s top regulator said Friday. The ...

Amazon.com Inc (AMZN.O) would require employees to be in office at least three days a week from May 1, the e-commerce giant said on Friday. The COVID-19 pandemic had ...

The Ministry of Energy, Commerce and Industry this week issued a call for proposals under its digital upgrade scheme for businesses. The scheme is included in the Cyprus Recovery and ...

The EU will soon be able to see more clearly the wider outcomes of its clean-energy drive. A new tool will help predict numerous features of a low-carbon society. It ...

Tesla (TSLA.O) plans to slow production at its Shanghai plant in the last week of February to prepare for building a revamped version of its Model 3 sedan, according to ...

Japan will start a pilot programme in April to test the use of a digital yen, its central bank said on Friday, joining a growing number of countries seeking to ...

A European Union initiative to secure critical raw materials and bolster supply chains could prove pivotal in rejuvenating Cyprus’ mining sector, according to Cypriot mining company Venus Minerals. “The Critical ...

The Paphos regional tourism board (Etap) announced that a delegation travelled to Israel this week in order to promote the district as a travel destination, particularly in the context of ...

By Maria Demertzis When Russia first invaded Ukraine almost a year ago, many countries condemned the aggression and applied sanctions in an attempt to squash its economy and isolate it ...

About $2.5 billion flowed out from Binance’s stablecoin this week, Binance’s CEO said on Twitter, after US regulators turned their sights on the cryptocurrency. Most of the money has ...

Tourist arrivals to Cyprus amounted to 90,549 visitors in January 2023, compared with 43,944 during the same month of 2022, marking an increase of 106.1 per cent year-on-year, according to a report released on Friday ...

Goldman Sachs said it was expecting the US Federal Reserve to raise interest rates three more times this year by a quarter of a percentage point each, after data this ...

The Central Bank of Cyprus (‘CBC’) on Friday released a statement informing the public, businesses and depositors that an entity under the name ‘Turkish International Investment Bank’, to which reference ...

Limassol port management company DP World Limassol on Friday announced that it has completed six years as operator of the multi-purpose and cruise terminal, stating that it remains committed to ...

The G20’s Financial Stability Board (FSB) said on Thursday it would take steps to tackle “vulnerabilities” and data gaps in decentralised finance (DeFi) highlighted by the collapse of cryptocurrency ...