#business

After the collapse of two US banks and record outflows from smaller lenders, the banking industry is shifting its concern from an immediate crisis to a medium-term worry: economic growth. ...

First Republic Bank (FRC.N) became the epicentre of the US regional banking crisis after the wealthy clients it courted to fuel its breakneck growth started withdrawing deposits and left ...

The world’s biggest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the US Commodity Futures Trading Commission (CFTC) on Monday for operating what the ...

Companies are spending up to half a million dollars a year on a sustainability rating to meet investor demands for such data, yet are often dissatisfied with the results, new ...

By Ioannis Tirkides Surely the collapse of Silicon Valley and Signature banks in the United States, and even the takeover of Credit Suisse by UBS, have idiosyncratic elements that led ...

Indian industrial giant Reliance is reviving a historic local cola brand with plans to use its vast retail network, slash prices and tap nationalist sentiment to challenge US beverage giants ...

At the turn of the year, bitcoin was in the grip of a bleak midwinter, down and out after a 2022 defined by tumbling crypto prices, bankruptcies and corporate scandals. Less ...

The European Union wants to give consumers the right to have worn-out products like washing machines and televisions repaired by producers even after the sales guarantee has expired, to cut ...

South Korea’s LG Energy Solution Ltd (LGES) (373220.KS) said on Friday it would resume a stalled US battery project with a $5.6 billion investment in Arizona to qualify for federal ...

Electric vehicle adoption took off in 2022, with the global market for such cars growing by 55 per cent during this time, for total sales of 10.1 million units, according to a report ...

New sails and boat designs are set to help shipowners slash fuel costs and emissions. By Gareth Willmer There is no mistaking Cristina Aleixendri’s enthusiasm – and competence – when it ...

Rapid technological advances such as the ChatGPT generative artificial intelligence (AI) app are complicating efforts by European Union lawmakers to agree on landmark AI laws, sources with direct knowledge of ...

Cyprus Consul Christos Poullaides held meetings with Bahraini Ministers to discuss bilateral cooperation on energy and tourism matters, according to an announcement released on Friday. The meetings centred on discussions ...

Greek digital marketing firm Panadvert on Friday released a statement lauding the results of its advertising campaign for Hermes Airports, aimed at promoting Cyprus as a tourist destination in the ...

Non-performing loans in Cyprus decreased to 9.5 per cent of total loans at the end of 2022, according to a report published this week by the Central Bank of Cyprus. This marks ...

The Bank of Cyprus on Saturday released a statement saying that it has detected numerous attempts to carry out unauthorised transactions, through cards of various banks, using online merchants, which ...

Cypriot tourism will have to adapt to new regulations and modern traveller preferences Cypriot tourism professionals are turning their focus on sustainability, with a view to aligning with climate-friendly directives ...

Deputy Minister of Tourism Costas Koumis this week visited the Limassol regional tourism board (Etal), pledging to provide solutions to longstanding issues in the district. The meeting, which also saw ...

Port management company DP World Limassol on Friday released a statement about the visit of three key ministers earlier this week, which marks the first official visit of the new ...

California-based cultivated meat company GOOD Meat has received clearance from the Food and Drug Administration to bring its lab-grown chicken to market, according to agency documents released on Tuesday. Several ...

The Central Bank of Cyprus (CBC) on Friday announced that it has slightly increased its estimates for economic growth in 2023, citing a more positive external environment and expected lower energy ...

Cash-strapped British households cut back on eating out and takeaways last month and instead bought food at supermarkets and shopped at discount stores, giving an unexpected boost to retail sales, ...

As a series of US lenders were besieged by customers yanking out their money this month, banking behemoths including JPMorgan Chase & Co (JPM.N), Citigroup Inc (C.N) and ...

The European Central Bank is pressing Austria’s Raiffeisen Bank International (RBIV.VI) to unwind its highly profitable business in Russia, five people with knowledge of the matter told Reuters. ...