#business

Facebook owner Meta Platforms (META.O) told employees on Friday that it would stop developing smart displays and smartwatches and that nearly half of the 11,000 jobs it eliminated this week ...

Some members of the shared economy are seeing a resurgence in the side hustle as inflation bites. People are becoming more interested in driving for Uber Technologies (UBER.N) and ...

By Elvire Fabry The speeches of the US Trade Representative Katherine Tai are so cautious that it has taken nearly two years to understand the US trade policy of President ...

Sam Bankman-Fried earned a reputation as saviour of the crypto industry when he bailed out two platforms earlier this year. But when FTX, the exchange he co-founded and led until ...

A week of turmoil culminating in major crypto exchange FTX filing for bankruptcy has left investors questioning the viability of a sector already bruised by the bitcoin bubble bursting and ...

FTX founder Bankman-Fried secretly moved $10 billion in funds to trading firm Alameda – sources Bankman-Fried showed spreadsheets to colleagues that revealed shift in funds to Alameda – sources Spreadsheets indicated between $1 billion ...

Annual inflation in Ireland hit a 38-year high of 9.2% in October, up from 8.2% a month earlier after fresh electricity and gas price increases kicked in, Central Statistics Office data showed ...

Cryptocurrency markets nursed heavy losses on Thursday, with bitcoin pinned near a two-year low as investors fretted about the fallout from the implosion of crypto exchange FTX. Larger rival Binance ...

Meta Platforms said on Wednesday it would cut more than 11,000 jobs, or 13% of its workforce, in one of the year’s biggest layoffs as the Facebook parent battles soaring costs ...

Wealthy countries – like poorer ones – stand to reap huge economic, social and environmental gains by swiftly ramping up renewable energy and other climate action, the new U.N. climate chief ...

Greek workers went on a day-long strike on Wednesday, demanding higher wages to cope with surging inflation, as Europe’s soaring energy prices and living costs trigger industrial action and ...

Three former PwC Cyprus partners have branched off and formed their own firm which takes on Russia-linked clients, after Russia’s invasion of Ukraine up-ended the sector in Cyprus. The ...

British businesses fear a gloomy Christmas ahead, as almost half of households plan to cut festive spending due to the soaring cost of living and sales are already falling sharply ...

Hermes Airports and the Ministry of Transport, Communications and Works have signed a commercial agreement for the airline incentive schemes covering the period 2022-2027. The schemes, which are available to ...

Reflect Festival, the largest technology and entrepreneurial event of its kind in Cyprus, wrapped up on Friday evening, October 21, welcoming approximately 5,000 attendees in the process, who flocked to Limassol’s ...

Elon Musk’s revelation that Twitter has suffered a “massive” revenue drop since he took over 10 days ago underscores the precarious nature of the social media company’s finances after ...

Household cash is near record levels in the United States, and consumers are using it to pack restaurants and airplanes and buy new cars. Jobs are there for the taking. ...

Meta Platforms Inc (META.O) is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with ...

Fenway Sports Group (FSG) would consider new shareholders for Liverpool having frequently received expressions of interest from third parties, the English Premier League club’s American-based owners said on Monday. ...

Apple expects lower shipments of premium iPhone 14 models than previously anticipated following a significant production cut at a virus-blighted plant in China, dampening its sales outlook for the busy year-end ...

The belief that Cyprus will be able to face the new risks and challenges in the aftermath of the war in Ukraine was expressed by Minister of Finance Constantinos Petridis, ...

Ryanair RYA.I on Monday posted its largest ever after-tax profit for its key summer season and said it expected very strong passenger and fare growth for years to come ...

Turkey should tighten monetary policy and give its central bank more independence, a mission from the International Monetary Fund (IMF) said on Friday. “To address (Turkey’s) challenges, the mission ...

Exxon Mobil Corp (XOM.N) will take up to a $2 billion loss on the highly leveraged sale of a troubled California offshore oil and gas field that have been idled ...