#business

A federal judge sentenced Theranos founder Elizabeth Holmes to 11 years and three months in prison for defrauding investors in her now-defunct blood-testing startup that was once valued at $9 billion. In ...

By Maria Demertzis The Recovery and Resilience Facility (RRF), the main component of the European Union’s post-COVID-19 Next Generation EU programme, was adopted two and a half years ago. ...

High labour costs and unhindered access to energy and raw materials are the main challenges expected to be faced by Cypriot businesses in 2023, based on the 30th annual edition of ...

The dollar on Wednesday traded just above multi-month lows against most majors as flows that had supported the safe-haven currency slowed after Joe Biden said a missile that caused an ...

Barclays economists on Wednesday cut their global economic growth forecast for 2023 as inflation is seen unlikely to fall quickly, forcing monetary policy to be ‘restrictive’. The brokerage warned that 2023 looks ...

Collapsed crypto exchange FTX outlined a “severe liquidity crisis” in U.S. bankruptcy filings, which said the group could have more than 1 million creditors, as regulators opened probes and the ...

The voluntary retirement scheme agreed with the bank employees’ union Etyk will cost Hellenic Bank an estimated €85 million and would lead to the departure of between 400 and 500 workers. The agreement ...

One of the most promising biotech companies in Cyprus currently is Promed Bioscience. They produce collagen-based biomaterials including highly purified medical-grade atelocollagen among others. They have announced the closing of €800...

International Monetary Fund Managing Director Kristalina Georgieva warned G20 leaders on Tuesday against allowing trade protectionism to “take root” and said the fragmentation of the world economy into geopolitical blocs ...

Collapsed crypto exchange FTX outlined a “severe liquidity crisis” in official bankruptcy filings released on Tuesday, as regulators opened probes and called for the faster implementation of rules for the ...

The world is moving towards renewable energy, such as PV, in an effort to limit climate change and offset dwindling and progressively more expensive and difficult to extract conventional (coal, ...

The HackAdTech Open Hackathon, dedicated to solving AdTech and MarTech challenges, with an emphasis on improving life on the island will open its doors on November 26. The two-day event plans ...

Britain and the eurozone economies are likely to tip into recession next year, Morgan Stanley said, but the United States might make a narrow escape thanks to a resilient job ...

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 ...