#business

Switzerland’s financial regulator has investigated 12 banks and launched enforcement proceedings against two of them in relation to corruption charges against longtime central banker Riad Salameh, it said on Monday. ...

Sales at Cuban cigar maker Habanos rose 2 per cent last year compared with the previous year, the company announced on Monday, as it recovers business following the COVID-19 pandemic and ...

British energy regulator Ofgem on Monday lowered its price cap on household energy bills from April, but this will offer little relief to consumers as energy costs continue to rise. ...

Tesla’s (TSLA.O) German plant in Brandenburg near Berlin is now producing 4,000 cars per week, the company said on Monday, quadrupling from May when Chief Executive Elon Musk had ...

Chip designer Nvidia Corp (NVDA.O) forecast first-quarter revenue above Wall Street estimates on Wednesday as its CEO said use of its chips to power artificial intelligence (AI) services like ...

Needed to clean up road transport, battery-powered vehicles might also act as stored energy that the car owners could sell to electricity networks. By Helen Massy-beresford While drivers considering an ...

The International Monetary Fund has laid out a nine-point action plan for how countries should treat crypto assets, with point number one a plea not to give cryptocurrencies such as ...

Businesses and organisations must adopt a holistic approach and utilise all of the tools at their disposal, if they wish to remain competitive, according to a number of experienced industry ...

Financials earnings growth rate surges almost 45 per cent STOXX banks climbs to 5-year high UniCredit shares up a whopping 35 per cent YTD HSBC, SocGen express caution Europe’s banks, which ...

The US Security and Exchange Commission’s warning shot on Binance’s stablecoin over whether or not it is a security could offer a hint at what type of dollar-pegged ...

A federal judge in Austin, Texas on Tuesday rejected a request by Meta Platforms Inc’s (META.O) to throw out a $175 million jury patent verdict for walkie-talkie app maker ...

CIMA: ‘new minister should focus on seasonality, connectivity and marketing’ The Cyprus Incentives and Meetings Associates (CIMA) has called for president-elect Nicos Christodoulides to carefully consider his appointment of a ...

Cyprus’ government debt fell to €23 billion at the end of 2022, reflecting a 3.9 per cent decrease compared to December 2021, according to a report published on Friday by the Public Debt Management ...

The head of the Cyprus association of entertainment venues (Osika) Neophytos Thrasyvoulou on Friday said that high costs and struggles with finding staff continue to be the main issues facing ...

By Ioannis Tirkides The war in Ukraine is a cataclysmic event in both economic and political terms. It signals the return of great power politics; it marks the weaponization of ...

Mercedes-Benz (MBGn.DE) said on Wednesday it has teamed up with Google (GOOGL.O) on navigation and will offer “super computer-like performance” in every car with automated driving sensors as ...

The number of foreign visitors arriving in Turkey jumped 56.51 per cent from a year earlier to 2 million in January, tourism ministry data showed on Friday. The arrivals compared with 1.28 million ...

Turkey’s central bank cut its main interest rate to 8.5 per cent from 9 per cent on Thursday, moving to cushion the economic impact of a devastating earthquake that killed more ...

He can’t pour tequila fast enough. Premium shots. Margaritas. Palomas. The occasional sunrise. “We definitely run out every weekend,” says Shubham Walavalker, a 24-year-old bartender, who’s struggling to ...

Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the United States. Brent crude futures rose 66 cents, ...

Lebanese authorities charged longtime central bank governor Riad Salameh, his brother Raja and one of his assistants on Thursday with money laundering, embezzlement and illicit enrichment after months of delay ...

The German economy contracted more strongly than expected in the final three months of 2022, as inflation and the energy crisis took their toll on household consumption and capital investment. The ...

Cyprus has been ranked as one of the most social media-obsessed countries in Europe, according to a recently published study by gaming site AskGamblers. According to the site, the study ...

The European Investment Bank (EIB) this week announced that new financing agreements signed in Cyprus for the year 2022 amounted to €250 million, with all of them relating to green projects. In 2022, ...