#business

Pfizer Inc (PFE.N) struck a $43 billion deal for Seagen Inc (SGEN.O) to add innovative targeted therapies to its portfolio of cancer treatments as it braces for a steep ...

Ayia Napa mayor Christos Zannetou on Monday said that the signs and feedback garnered at the ITB Berlin tourism conference in Germany have been positive, with the feeling of optimism, ...

Startup-focused lender SVB Financial Group (SIVB.O) last week became the largest bank to fail since the 2008 financial crisis, sending ripples across the globe as billions of dollars belonging to ...

The number of building permits in Cyprus, as well as the total useful floor area, experienced a significant decline during the period between January and December 2022, according to a report ...

Hedge funds ended last week positioned to scoop up winning profits from bearish positions on bank stock falls, according to a note by Goldman Sachs sent to clients late on ...

First Republic Bank’s shares (FRC.N) more than halved in premarket trading on Monday as news of fresh financing failed to reassure investors days after SVB Financial Group’s (...

Oil prices fell $4 on Monday along with equities as the collapse of Silicon Valley Bank raised fears of a fresh financial crisis, but a recovery in Chinese demand provided support. ...

Hellas Direct was recently recognised as one of Europe’s 1,000 fastest-growing companies by the Financial Times, the fourth time it has received this distinction. The innovative insurance tech company is ...

Saudi Arabia’s Crown Prince Mohammed bin Salman formally announced on Sunday the creation of a new national airline, Riyadh Air, with industry veteran Tony Douglas as its chief executive, ...

The non-profit association TechIsland announced today the launch of the TechIsland Awards, a new annual award program designed to recognize and celebrate the outstanding contributions of individuals, companies, and projects ...

Investors scrambled to pull down global rate expectations on Monday and abandoned wagers on steep US hikes next week, reckoning the biggest American bank failure since the financial crisis will ...

Bank shares in Europe and Asia plunged on Monday as the collapse of startup-focused Silicon Valley Bank continued to batter markets, while US large banks failed to hold onto a ...

US regulators may have stemmed a banking crisis by guaranteeing deposits of collapsed Silicon Valley Bank (SVB), but some experts warn that the move has encouraged bad investor behaviour. Following ...

The biggest US banks are so tied up in regulatory red tape that they couldn’t cause a crisis if they tried. The 16th largest, though? That’s a different ...

Technology executives, prominent venture capitalists and founders including OpenAI CEO Sam Altman raced this weekend to keep alive companies caught up in the collapse of Silicon Valley Bank (SIVB.O). ...

Cracks are appearing in the global financial system as the decade-long era of cheap money ends, with some investors worrying the shock collapse of Silicon Valley Bank signals world markets ...

SVB Financial Group Inc’s (SIVB.O) shutdown and takeover by banking regulators on Friday can be traced to the US Federal Reserve raising interest rates and souring the risk ...

The US Federal Reserve and the Federal Deposit Insurance Corp are weighing the creation of a fund that would allow regulators to backstop more deposits at banks that run into ...

British finance minister Jeremy Hunt said on Sunday he was working with Prime Minister Rishi Sunak and Bank of England Governor Andrew Bailey to “avoid or minimise damage” resulting from ...

Tesla (TSLA.O) will eliminate the use of rare earths in its next-generation electric vehicles (EV). The big reveal at the company’s investor day last week caused a sell-off ...

Jinichi Abe grins as he watches diggers working earth near his rice fields, knowing they are returning still more fields to productivity after Fukushima nuclear reactors exploded and sprayed the ...

Fish farming can make food supplies more stable while itself becoming more sustainable, according to researchers in Hungary and Norway. By Pieter Devuyst Attention seafood lovers! Gabor Hetyey strongly recommends ...

Nissan on Thursday said it will overhaul its approach to powertrains for all-electric and hybrid petrol-electric vehicles as it aims to bring hybrid prices in line with those of petrol-powered ...

Germany is shaping up to be an important source of tourism for Cyprus, with more than 200,000 visitors expected in 2023, according to recently-appointed Deputy Minister of Tourism Costas Koumis. Koumis visited ...