#business

German energy firms Sefe and Uniper (UN01.DE) have awarded some traders millions of dollars in bonuses for 2022, four sources familiar with the matter said, just months after the companies ...

Europe has made a relatively slow start to rebuilding gas inventories but stocks were so high at the end of last winter that storage sites are still on course to ...

Newly appointed Twitter CEO Linda Yaccarino said in a tweet on Saturday that she has been inspired by owner Elon Musk’s vision to create a brighter future and is ...

As climate change warms the world, we increasingly need to find ways to efficiently cool our buildings – whilst also lowering our emissions to attempt to halt the temperature rise as ...

Two electric vehicle battery makers plan to spend around 10 billion euros ($11 billion) on factories in Europe, they said on Friday, after Europe loosened state aid rules for green industry projects ...

Luxury goods group Richemont (CFR.S) beat expectations on Friday after high demand from Chinese consumers for jewellery and watches boosted sales over the three months to March 31, sending shares ...

Below are the top business stories from Cyprus from the week starting May 8: The Deputy Minister of Shipping, Marina Hadjimanoli, emphasised the importance of competitiveness, resilience, and anticipation of new ...

The European University of Cyprus this week announced that it will be hosting a conference on Accessibility and Assistive Technology in Education on May 19, 2023, from 4:30 in the afternoon to 8:30 in ...

Private US nuclear fusion company Helion Energy will provide Microsoft (MSFT.O) with electricity in about five years, the companies said on Wednesday, in the first such deal for the ...

Shares of Rivian Automotive Inc (RIVN.O) rose 7 per cent on Wednesday as its positive earnings stood out in a poor quarter for electric-vehicle startups, but analysts warned that stiff ...

The Bank of Cyprus on Friday announced that it is now offering a 25-year fixed interest rate for its mortgage customers. According to the statement, this new option aims to ...

The first quarter of 2023 brought with it a sharp increase in Cyprus’ trade deficit, with imports rising significantly compared to the same period in 2022, according to a report released this ...

By Maria Demertzis It is now 14 months since the Russian invasion of Ukraine and based on the Kiel Institute Ukraine support tracker, EU countries have so far provided close to €62 ...

By Luigi Scazzieri Turkey’s presidential and parliamentary elections, this Sunday, May 14th, will determine whether President Recep Tayyip Erdoğan remains in office, and they will shape the country’...

The Deputy Minister of Shipping, Marina Hadjimanoli, emphasised the importance of competitiveness, resilience, and anticipation of new trends and challenges in the shipping industry. Hadjimanoli’s comments were made during ...

Toyota Motor Corp (7203.T) said on Friday the vehicle data of about 2.15 million users was left publicly available in Japan for about a decade from November 2013 to mid-April. The incident ...

European Central Bank supervisors are often too lenient with banks in how they manage credit risk, especially in the case of the worst performers, the European Court of Auditors (ECA) ...

National flag carrier Cyprus Airways on Friday announced a significant increase in its passenger volume for April 2023, providing further evidence of the travel industry’s ongoing recovery from the dire ...

Britain’s economy grew by 0.1 per cent in the first three months of 2023, a period that was once expected to be part of a long recession, but an unexpectedly sharp 0.3 ...

Tesla Inc will recall a total of 1,104,622 vehicles, both imported and China-made ones, China’s market regulator said on Friday. The models to be recalled include imported Model S, Model ...

In times of crisis, identifying and taking advantage of opportunities is crucial for economic growth, the president of the Cyprus Investment Funds Association (CIFA), Andreas Yiasemides, said on Thursday. Yiasemides ...

The governor of the Central Bank of Cyprus, Constantinos Herodotou, expressed optimism that with appropriate actions, prudence, and rationality, the country’s economy and banking system can successfully manage the ...

The Cyprus Statistical Service (Cystat) this week reported a significant increase in the weight of products transported by road within Cyprus, as well as to and from Cyprus, in 2022. The ...

Middle East companies raised nearly 16 per cent of the total proceeds from initial public offerings (IPOs) globally in the first quarter, as the region’s momentum from a blockbuster 2022 continued, ...