#business

The chairman of the Cyprus Securities and Exchange Commission (CySEC) George Theocharides on Thursday stated that Eurobank should proceed with a mandatory public offer to the shareholders of Hellenic Bank ...

Turkey’s central bank hiked its key interest rate by a larger-than-expected 750 basis points to 25% on Thursday, sparking a rare lira rally and signalling a new determination to address rebounding ...

The cabinet of ministers on Thursday approved an action plan for the provision of incentives seeking to boost mergers and acquisitions between small and medium-sized enterprises (SMEs). As stated after ...

The Limassol tourism board on Thursday held a press conference to officially welcome the upcoming M&I Europe Summer Forum, a major event that is due to take place ...

Britain’s economy is slowing and might be heading for a recession as it feels the impact of 14 back-to-back interest rate increases by the Bank of England to fight high ...

Boeing (BA.N) has recently identified a new 737 MAX quality problem involving supplier Spirit AeroSystems (SPR.N) that has resulted in improperly drilled holes on the aft pressure bulkhead, the ...

Leaders of the BRICS group of developing nations have invited Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates to join, in a move aimed at growing the ...

It’s hard to be bullish about real estate in an environment of sharply higher interest rates. Yet unloved property stocks in Europe staged a surprise rally this summer, suggesting ...

Euro zone business activity declined far more than thought in August with the slide in Germany particularly fast, while some inflationary pressures returned, surveys showed. Wednesday’s purchasing managers’ indexes ...

Cyprus’ transportation and storage sector experienced a substantial growth of 17.3 per cent during the second quarter of 2023, compared to the same period last year, according to a report released this ...

The Association of Cyprus Tourist Enterprises (Stek) and the regional administration of the island of Crete this week announced that they are set to hold an initiative under the banner ...

A Ural Airlines Airbus landed in the Russian city of Yekaterinburg on Nov. 14 last year. Then it remained grounded on the tarmac. Three days later, a spare part crucial for ...

Greek lender Eurobank on Wednesday announced that it has formally entered into a share purchase agreement with Poppy S.à r.l., outlining its intention to acquire an additional 17.3 per cent ...

The long-running battle between Microsoft (MSFT.O) and Britain over the Activision Blizzard (ATVI.O) deal took another twist on Tuesday, raising more questions than answers about the country’s ...

Bullish investors are hoping Wednesday’s earnings report from chip heavyweight Nvidia (NVDA.O) can rejuvenate a US stocks rally that has stumbled in recent weeks. Nvidia shares have tripled ...

Banks in Britain may be free to award even bigger bonuses from January but new pay perks are unlikely to help the country’s financial industry outshine its rivals because ...

Oil prices ticked up in Asian trade on Wednesday, as traders weighed weak demand indicators from top importer China and the prospect of further US rate hikes against potential supply ...

Russia’s invasion of Ukraine has left tens of thousands of dead, displaced millions and sown economic turmoil across the world in the 18 months since its launch on Feb. 24, 2022. Here ...

China’s Lenovo Group (0992.HK) on Thursday posted a worse-than-expected 24 per cent fall in revenue for the April-June quarter, hit by a prolonged slump in global demand for personal computers. ...

A look at the day ahead in US and global markets from Mike Dolan Far from the recession forecasts of earlier this year, US economic growth may actually be accelerating ...

Amid international supply-chain disruptions, the EU is stepping up efforts to ensure the European food system benefits family farmers, Europe’s regions and its consumers. By Alex Whiting When Paolo ...

In a groundbreaking development that bridges the European and Philippine markets, Tempo France, a leading international payment system operator, has entered into a landmark partnership with Cebuana Lhuiller, a prominent ...

Walt Disney (DIS.N) has created a task force to study artificial intelligence and how it can be applied across the entertainment conglomerate, even as Hollywood writers and actors battle ...

Japan’s Sony (6758.T) this week said first-quarter profit tumbled due to weaker performances from its movies and financial businesses. In April-June, operating profit slid 31 per cent to 253 billion yen ($1.8 ...