#business

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 ...

In March, clothing retailer Gap Inc (GPS.N) joined numerous Western companies in announcing that it was halting deliveries to Russia to protest its invasion of Ukraine. “As a values-led ...

A swathe of hacks on some of Australia’s biggest companies has made the country a target for copycat attacks just as a skills shortage leaves an understaffed, overworked cybersecurity ...

Asian stock markets wobbled higher on Monday as hopes waned that the US Federal Reserve might take a less aggressive approach on rate hikes, while wheat leapt on Russia’s ...

Hundreds of Apple (AAPL.O) workers in Australia are set to strike again after almost two-thirds of employees rejected a pay and benefits deal, the latest escalation of a fight ...

Hong Kong’s government has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds – a move it hopes will help it rebuild its fintech hub status. The ...

Twitter will revise its user verification process, Elon Musk said in a tweet on Sunday, just days after he took over one of the world’s most influential social media ...

COVID-19 woes at Foxconn’s iPhone assembly plant in China’s Zhengzhou city could slash the site’s November output of the Apple Inc (AAPL.O) device by as much ...

Companies and organisations are expected to invest a total of $3.4 trillion to fund their digital transformation strategies by 2026, according to a report released this week by market research company International ...

The road map to fully self-driving vehicles is being rewritten once again, this time by Ford Motor Co (F.N) and Volkswagen AG (VOWG_p.DE). When the two automakers ...

Wall Street is losing patience over Meta (META.O) boss Mark Zuckerberg’s enormous and experimental bets on his metaverse project that helped drive up the company’s overall costs ...

The cryptocurrency industry said on Wednesday it was disappointed with Australia’s decision to continue treating digital currencies as assets for tax purposes, and not as foreign currency. The government ...

Government strategy to attract foreign talent and digital nomads viewed as a success The Civil Registry and Migration Department this week said that it has received 9,090 applications for relocation from ...

The total sales of petroleum products in Cyprus experienced a small increase of 0.9 per cent year-on-year in September 2022, with sales from gas stations recording a decrease of 6 per cent year-on-year, ...

The economic sentiment in Cyprus improved slightly in October 2022, with the Economic Sentiment Index (ESI) increasing by 0.4 points compared to September 2022. According to a statement released this week by the ...

Shares of Mobileye Global Inc (MBLY.O) are up 30 per cent in early afternoon trading on Wednesday following its US debut, valuing the self-driving technology unit of Intel Corp (INTC....

Britain would have the power to regulate all cryptoassets under a proposal the UK financial services minister has added to a draft law before parliament that will almost certainly pass. ...

Forcing banks across the European Union to offer instant payments in euros is a “seismic” shift to make the economy more efficient and reap savings for businesses and customers, the ...

Battered by years of scandals and losses, Credit Suisse (CSGN.S) plans to raise capital, cut thousands of jobs and spin off its investment bank. Here are main elements of ...