#business

In separate speeches last year, the leaders of France and Germany warned their citizens of hard times ahead as the global economy encountered challenges ranging from trade conflicts through to ...

Oil prices posted gains in Asian trade on Tuesday after OPEC+ plans to cut more production jolted markets the previous day, with investors’ attention shifting to demand trends and the ...

Credit Suisse (CSGN.S) will face shareholder anger on Tuesday at what will be its final annual general meeting after the bank was rescued last month by Swiss rival UBS (...

Storied Cypriot soft drinks company KEAN on Tuesday released a statement notifying the public that its board has reached an agreement in principle to sell the company’s shares to ...

Cyprus can take advantage of soaring copper prices, the result of pronounced shortages across the world, helping to increase supply through new projects on the island, according to Mark Rachovides, ...

A surprise production cut by Saudi Arabia and other Middle East producers has caught the energy industry flat-footed and will lift global prices with little room for a coordinated response ...

Turnover in Cyprus’ retail trade sector rose during February 2022, both in terms of value and volume, according to a report released on Monday by the Cyprus Statistical Service (Cystat). According ...

Mitsubishi UFJ Financial Group Inc (8306.T) will postpone the issuance of Additional Tier-1 (AT1) bonds to mid-May or later from late April, a spokesperson said on Monday, after the Swiss ...

Eurobank Cyprus on Monday announced that it has been voted as the best bank for international private banking in Cyprus for 2023, an award bestowed upon the bank by Euromoney magazine ...

The Cyprus Securities and Exchange Commission on Monday released a statement responding to an announcement by failed cryptocurrency exchange FTX EU (Cyprus) saying that it will commence processes for the ...

After weathering recession and military conflicts, Israel’s high-tech sector could be facing its biggest test yet as the collapse of Silicon Valley Bank (SVB) removes a key funding source ...

Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day, in a surprise move that analysts said would cause an ...

Non-profit organisation TechIsland recently announced that Wargaming general manager Valentinos Polykarpou has been appointed as its new chairman. The Cypriot executive is taking over at the island’s biggest IT ...

Japan is stepping up efforts toward issuing a digital yen with the creation of a government advisory panel and the launch of a pilot programme, joining a growing number of ...

The bank created by the UBS (UBSG.S) takeover of Credit Suisse (CSGN.S) is poised to reduce its workforce by 20-30 per cent, Swiss daily Tages-Anzeiger reported on Sunday, ...

Tesla Inc (TSLA.O) investors are waiting to see how much Elon Musk’s price cuts will pay off: the electric vehicle (EV) maker is expected this weekend to report ...

By Maria Demertzis The early March failure of Silicon Valley Bank (SVB) in the United States, and the sale of Credit Suisse to UBS in Switzerland are reminders of an ...

Car services groups on Friday warned a stalled EU proposal to ensure fair access to valuable vehicle data could pave the way for unfair competition from US and Chinese tech ...

Norges Bank Investment Management will vote against the re-election of Credit Suisse (CSGN.S) Chair Axel Lehmann and six other directors at the Swiss lender’s annual general meeting on ...

As Europe weans itself off fossil fuels, local energy networks are tapping renewable sources to fill the gap and cut consumer bills. By Andrew Dunne They might look like ordinary ...

Microsoft-backed OpenAI is no longer the only game in town for software developers looking to capitalize on an expected $90 billion market for artificial intelligence. Motivated by a wariness of relying ...

Synopsys Inc (SNPS.O) on Wednesday rolled out new artificial intelligence tools designed to get better results faster in the various stages of designing computing chips. Synopsys makes software that ...

The average gross monthly earnings of employees in Cyprus is estimated to have reached €2,546 during the fourth quarter of 2022, according to a report released on Friday by the Cyprus Statistical ...

The Federal Deposit Insurance Corporation (FDIC) has retained advisers to sell the securities portfolios that the new owners of failed Silicon Valley Bank and Signature Bank rejected, according to people ...