#business

A European recession looked like a no-brainer just a few weeks ago, but that picture has changed dramatically, and investors have started pouring money into the region’s stocks, currency ...

European Union lawmakers backed a draft law on Tuesday to implement the final leg of post-financial global bank capital rules, adding “prohibitive” requirements to cover risks from cryptoassets. The European ...

The Cyprus Fiscal Council on Tuesday said that decisions in the vein of the foreclosure suspension ultimately exclude the most financially vulnerable social groups from being able to get a ...

Elon Musk told jurors on Monday he was sure he had locked up financial support from Saudi investors in 2018 to take his electric car maker Tesla Inc (TSLA.O) private, ...

Ford Motor Co (F.N) plans to cut up to 3,200 jobs across Europe and move some product development work to the United States, Germany’s IG Metall union said on ...

Economies in the six-member Gulf Cooperation Council (GCC) will grow this year at half the rate of 2022 as oil revenues take a hit from an expected mild global slowdown, according ...

Qatar’s sovereign wealth fund has increased its stake in Credit Suisse (CSGN.S) to just under 7 per cent, becoming the Swiss bank’s second-largest shareholder after Saudi National Bank, ...

Microsoft Corp (MSFT.O) on Monday announced a further multibillion dollar investment in OpenAI, deepening ties with the startup behind the chatbot sensation ChatGPT and setting the stage for more ...

Elon Musk testified on Monday that he was sure he had backing from Saudi financiers in 2018 to take Tesla Inc (TSLA.O) private, as he defended against claims he defrauded ...

European Central Bank policymakers laid out diverging views on future interest rate hikes on Monday, suggesting that moves beyond next week’s half a percentage point increase remain contentious. The ...

Spotify Technology SA (SPOT.N) said on Monday it plans to cut 6 per cent of its workforce and would take a related charge of up to nearly $50 million, adding to ...

Netflix Inc’s (NFLX.O) steady stream of hit shows is helping it stand out in a crowded market while paving the way for double-digit revenue growth later this year, ...

Tide detergent maker Procter & Gamble Co (PG.N) raised its full-year sales forecast on Thursday and said it plans to continue raising prices despite a drop in sales volumes, ...

As Europe strives to become the first climate-neutral continent by 2050, Turku and Dijon are among a group of cities seeking to reach this goal two decades earlier. By Gareth Willmer ...

Twitter Inc has about 2,300 active employees, Elon Musk said in a Tweet on Saturday. CNBC on Friday reported that Twitter’s full-time headcount has reduced to about 1,300 active, working employees, ...

Global cybersecurity spending, including enterprise products and services, is projected to increase by 13.2 per cent in 2023, remaining a key area of growth for various businesses in this sector, according to ...

Top advertisers on Twitter slashed their spending after Elon Musk’s takeover, according to estimates compiled for Reuters by research firm Pathmatics, in the latest shock to the company’s ...

Tesla Inc (TSLA.O) earns more money for every vehicle it sells than any of its global rivals. Now, Chief Executive Elon Musk is using that superior profitability as a ...

The Cyprus Mail talked to Orestis Aristides, the director of Drakos DMC, about the company’s focus on golf on the island and how that sector is expected to grow ...

The Council for Registration of Real Estate Agents on Friday announced that it successfully held its new year event, in which it recapped the events of 2022, and set the tone ...

By Charles Ellinas With no end in sight for the Russia-Ukraine war, global energy markets will continue to be unstable, making 2023 another difficult year for global energy. On top of ...

Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Friday stressed the need to maintain fiscal space in the midst of increased risks due to the war in Ukraine, something ...

The Research and Innovation Foundation (Idek) on Friday announced that it will be allocating €10 million to innovative businesses as part of its DISRUPT programme, with the ultimate aim being to ...

Inflation-pinched British consumers cut their shopping by the most in the key month of December in at least 25 years, official data showed on Friday, dashing hopes for a Christmas boost ...