#business

Credit cards are becoming increasingly useless in Venezuela because of high inflation and government restrictions, hurting people already struggling to meet daily needs on low salaries, banking industry sources, analysts ...

i-BrainTech’s decision is seen as a vote of confidence in Cyprus Israeli sports technology company i-BrainTech, a pioneer in athletic brain training, on Tuesday announced its plan to expand ...

Meticulously crafted over decades as a major revenue stream for the Kremlin, Moscow’s gas trade with Europe is unlikely to recover from the ravages of military conflict. After President ...

The firm behind Binance’s stablecoin, Paxos Trust Company, said the US Securities and Exchange Commission (SEC) has told the company it should have registered the product as a security ...

Artificial intelligence will play a vital role in the future of the energy sector, especially as it continues to become more digital and decentralised, according to Cyprus Energy Regulatory Authority (...

Financial firms in Britain and the European Union remained under significant pressure to comply with diverging environmental, social and governance (ESG) rules over the past six months, KPMG’s Regulatory ...

The Cyprus-Greece Business Association on Monday released a statement congratulating newly elected president Nicos Christodoulides and wishing him “all the best with his challenging task”. In its statement, the association ...

The boss of European planemaker Airbus (AIR.PA) has read the riot act to executives about disappointing deliveries in January and warned them that in 2023 Airbus cannot deliver fewer jets ...

Risks over El Salvador’s embrace of bitcoin “have not materialized,” but use of the cryptocurrency still requires transparency and attention, the International Monetary Fund (IMF) said Friday in a ...

The European Union’s economy will avoid recession but headwinds continue to be an issue, according to the European Commission’s interim winter economic forecasts for 2023, presented by Economy Commissioner ...

European countries’ bill to shield households and companies from soaring energy costs has climbed to nearly 800 billion euros, researchers said on Monday, urging countries to be more targeted in their ...

British employers expect to raise wages for their staff by the most in at least 11 years but the 5 per cent pay deals for workers would still fall well below expected ...

A Russian scheme to grant loan payment holidays to troops fighting in Ukraine, and for banks to write off the entire debt if they are killed or maimed, has added ...

Nestle (NESN.S) will pay a former manager 2 million Swiss francs ($2.2 million) compensation after a Swiss court upheld her claim of bullying while working at the company, newspaper Tages-Anzeiger reported. ...

Facebook parent Meta Platforms Inc (META.O) has delayed finalizing the budgets of multiple teams as it prepares a fresh round of job cuts, the Financial Times reported on Saturday. ...

Spending on cloud services is expected to rise by more than a fifth this year, according to a report released this week by industry analysts Canalys. According to the report, ...

With cyberattacks on the rise against everything from businesses to critical infrastructure, companies, governments and researchers are joining forces to strengthen firewalls. By Tom Cassauwers In February last year, as ...

Crypto companies offering their customers eye-popping yields through so-called “staking” products are earning the ire of the US securities regulator who says such services should be registered. Crypto exchange Kraken ...

Oil rally to $100 not ruled out by OPEC sources So far in 2023 Brent is up slightly at just over $86 China demand rebound, lack of sizeable supply growth key drivers Some ...

By replacing around 60 welded components with a single module, gigantic aluminium die casting machines made by the likes of Tesla supplier IDRA Group are helping carmakers to simplify manufacturing and ...

The rapid reopening of China’s economy, plunging European gas prices and cooling US inflation suggest a global recession may not be as deep and protracted as feared just weeks ...

Alphabet Inc (GOOGL.O) and rival Microsoft (MSFT.O) are once again locked in a race to rule the internet zeitgeist after the Google owner launched “Bard” in answer to ...

Finnish game maker Rovio (ROVIO.HE), best known for its Angry Birds franchise, posted a fall in fourth-quarter profit on Thursday and said the global mobile game market in 2022 declined ...

International air travel demand remained strong in December 2022, capping off a year of recovery for the sector, according to a report released this week by the International Air Transport Association (...