Cyprus a “potential rising star” for credit rating boost (updated)
Cyprus has been identified as a “potential rising star” for the rise of its credit rating in the investment category, according to a report released on Monday by global rating ...
Qatar Airways could grow to 255 routes depending on aircraft deliveries
Qatar Airways could expand its number of destinations to more than 255 from 170 currently under plans for rapid growth, but its ability to do so depends on the delivery of additional ...
Morgan Stanley to cut 3,000 jobs in second quarter
Morgan Stanley (MS.N) is planning to eliminate about 3,000 jobs in the second quarter, a source told Reuters on Monday, in its second round of job cuts in six months.
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Too high for comfort: Five questions for the ECB
Inflation in the euro area is too high for comfort, meaning markets expect the European Central Bank to deliver its seventh straight interest rate hike on Thursday.
With some stability ...
Currencies in limbo awaiting packed week of central banks
Currencies were in limbo on Monday as holidays in most of Asia made for thin trading, while traders braced for a packed week of central bank meetings that would offer ...
Why are Hollywood writers threatening to strike?
Hollywood writers and the film and television studios are racing to agree to a new contract to replace the one that expires at 11:59 p.m. Pacific time Monday. If they ...
JPMorgan to buy First Republic’s assets and assume deposits
JPMorgan Chase & Co (JPM.N) will buy most of First Republic Bank’s (FRC.N) assets in a last-ditch rescue led by US regulators, marking the third major US ...
Skilled, educated and washing dishes: how Italy squanders migrant talent
Marilyn Nabor, an experienced high school mathematics teacher in the Philippines, moved to Italy 14 years ago with high hopes of honing her craft in the country of Galileo and Fibonacci.
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Moving away from the dollar: the impact of sanctions and technology
By Maria Demertzis
“Every night I ask myself why all countries have to base their trade on the dollar,” Brazil’s President Lula da Silva said in a 13 April speech ...
Another scandal at the World Bank
By George M. Georgiou
In 2021 the World Bank became embroiled in a scandal involving its flagship publication Doing Business. An independent investigation by the law firm WilmerHale, published in September 2021, ...
Sony expects profit to slip after record year
Sony Group Corp (6758.T) said on Friday it expects this business year’s operating profit to slip from a record high as lower income from financial services offsets gains in ...
Cyprus Business Now: weekly wrap-up
Here are the top business stories in Cyprus from the week starting April 24:
Cyprus’ shipping industry will continue to improve, according to the country’s Deputy Minister of Shipping, as ...
Inside Meta’s scramble to catch up on AI
As the summer of 2022 came to a close, Meta CEO Mark Zuckerberg gathered his top lieutenants for a five-hour dissection of the company’s computing capacity, focused on its ability ...
The quest for hypersonic and hydrogen-fuelled air travel
By Tom Cassauwers
The passenger planes of today are based on designs that have been fundamentally the same for decades. This means that flight times have also changed very little.
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Nvidia releases software tools to help chatbots watch their language
Nvidia Corp (NVDA.O), a major supplier of chips and computing systems for artificial intelligence, on Tuesday released a set of software tools aimed at helping chatbots watch their language.
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Property, rental prices continue to spiral
Calls for government intervention to support affected buyers and the real estate sector
With property prices and rents continuing to spiral during the first quarter of the year, calls have ...
Limassol event looks at prevailing economic trends
Exante, a global investment company with a presence in Cyprus, this week held an event in Limassol which sought to provide insights on current economic trends and what might be ...
Cyprus shipping will continue improving, minister says, as revenues continue recovery
Deputy Minister of Shipping Marina Hadjimanoli this week said that as a leading maritime nation, Cyprus has a duty to accelerate the shipping sector’s transition into a low-carbon and ...
Cyprus non-performing loans ratio steady at 9.5 per cent
Non-performing loans (NPLs) in Cyprus remained steady at 9.5 per cent of total loans at the end of January 2023, as in the previous month, while absolute NPL numbers rose by around €13 ...
Cyprus Business Now
The Cyprus Chamber of Commerce and Industry (Keve) this week announced that a tripartite business mission to Almaty, Kazakhstan is set to take place on 16-19 May 2023.
The mission, which ...
Cyprus and Vietnam explore business opportunities
The Cyprus Chamber of Commerce and Industry (Keve) and the Cyprus-Southeast Asia Business Association this week announced that they came together to organise the first business mission and forum in ...
Amazon sees cloud slowdown in April, shares erase gains
Amazon.com Inc (AMZN.O) signaled on Thursday its long lofty cloud growth would slow further as its business customers braced for turbulence and clamped down on spending, overshadowing the ...
British business morale hits 11-month high in April
British businesses were their most optimistic in nearly a year in April, boosted by growing hopes about the economy, according to a Lloyds Bank survey on Friday that could add ...
Etihad Airways plans to triple passengers, double fleet amid strategy shift
Abu Dhabi-based Etihad Airways aims to triple the number of passengers it carriers to 30 million and nearly double its fleet to 150 planes by the end of the decade, the airline’...