#business

Europe needs its industrial companies to save energy amid soaring costs and shrinking supplies, and they are delivering – demand for natural gas and electricity both fell in the past quarter. ...

Oil prices rose on Wednesday after industry data showed a surprise drop in US crude stocks, suggesting demand is holding up despite steep interest rate hikes dampening global growth. Brent ...

The Qatar Investment Authority plans to raise its stake in Swiss lender Credit Suisse Group AG (CSGN.S) by investing in a share sale alongside the Saudi National Bank (1180.SE), ...

The United States and United Arab Emirates have reached an agreement to spend $100 billion on clean energy projects with a goal of adding 100 gigawatts globally by 2035, US Secretary of State ...

Tourism revenue in Cyprus reached €399.7 million in August 2022, compared to €272.5 million recorded in August 2021, marking an increase of 46.7 per cent, according to a report released this week by the Cyprus ...

Minister of Energy, Commerce and Industry Natasa Pilides this week said that Cyprus’ business community continues to carry on unabated, displaying great resilience, despite the numerous exogenous challenges it faces. ...

After months of tears and tantrums, bitcoin wants to split up with stock markets. The cryptocurrency, which has been closely correlated with tech stocks for much of its torrid 2022, is ...

Johnson & Johnson (JNJ.N) said on Tuesday it struck a deal to buy heart pump maker Abiomed Inc (ABMD.O) for $16.6 billion in cash, as it looks to boost ...

Apollo Global Management Inc (APO.N) has begun holding cryptocurrency on behalf of its clients through a partnership with digital asset platform Anchorage Digital, in a major push by one ...

Are you attending Web Summit or other big tech conferences? PANIS PIERI offers his advice on how to network and build relationships. After attending more than 1,000 tech, startup and innovation ...

Cyprus Mail reporter PANIS PIERI is attending the Web Summit tech conference in Lisbon, the biggest festival in the world about startups, technology and innovation. The Cyprus Mail is in ...

Tesla (TSLA.O) aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the long-awaited pickup truck Chief Executive Elon Musk ...

Electronic Arts Inc (EA.O) will launch an Iron Man game and at least two other action-adventure titles revolving around characters from the Marvel universe, under a deal announced by ...

Saudi Arabia’s market regulator said on Monday it had approved a concurrent and dual listing of Americana Group, the Middle East and North Africa franchisee of fast-food chains KFC ...

Toyota Motor Corp (7203.T) on Tuesday posted a worse-than-expected 25 per cent drop in quarterly profit and cut its annual output target, as the Japanese firm battles surging material costs and ...

Oil prices rose more than 1 per cent on Tuesday, paring losses from the previous session, as a weaker US dollar offset widening COVID-19 curbs in China that have stoked fears ...

Egypt’s move to raise interest rates is a step in the right direction and a flexible exchange rate will help protect its economy from shocks at a time of ...

Turkey’s central bank sent a letter to local lenders on Monday, warning them against conducting forex transactions with foreign banks during “off hours” and offering deposits with very high ...

The Central Bank of Cyprus (CBC) on Monday released a report on household debt in Cyprus, with the current figure standing at €20.1 billion at the end of June 2022, with the ...

The Association of Cyprus Tourist Enterprises (Stek) on Monday warned that soaring energy costs will have an extremely negative impact on the Cypriot tourist industry, stressing that it will severely ...

Credit Suisse (CSGN.S) on Monday unveiled details of its plan to raise 4 billion Swiss francs ($4.01 billion) from investors to support the embattled bank’s bid to tackle the biggest ...

Elon Musk has assured the European Commission that Twitter will abide by tough European rules on illegal online content policing now that the social network has passed under his ownership, ...

German-listed shares in Brazil’s state-run oil company Petrobras (PETR4.SA) slipped more than 7 per cent in early European trade after leftist leader Luiz Inacio Lula da Silva narrowly defeated ...

Oil prices fell on Monday following weaker-than-expected factory activity data out of China and on concerns its widening COVID-19 curbs will curtail demand. Brent crude futures dropped 63 cents, or 0.7 per ...