#business

Microsoft Corp (MSFT.O) plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media reports on Tuesday. The ...

Tourist arrivals to Cyprus reached 3,201,080 people in 2022, compared to 1,936,931 in 2021, according to a report released on Tuesday by the Cyprus Statistical Service (Cystat). Despite the uptick over the year before, ...

The majority of chief executive officers believe that global economic growth will decline over the coming year, with 73 per cent of participants contributing to the most pessimistic outlook in more ...

The Bank of Sydney this week announced that its long-serving CEO, Miltos Michaelas, will be departing the bank at the end of June 2023 to return to Cyprus after over 6 years ...

Goldman Sachs Group Inc (GS.N) on Tuesday reported a bigger-than-expected 69 per cent drop in fourth-quarter profit as it struggled with a slump in dealmaking and weakness in its wealth ...

Local start-ups are getting the opportunity to develop their original ideas through mentoring and training by participating in the second cycle of the Microsoft programme. Microsoft for start-ups Cyprus has ...

The West’s top energy firms are expected to rake in a combined record profit of $200 billion from a turbulent 2022 marked by huge volatility in oil and gas prices after ...

Average weekly earnings +6.4 per cent yy, stronger than forecasts BoE watching pay growth as it gauges next rate hike move Jobless rate holds at 3.7 per cent, close to five-decade low ...

The Cyprus Economy and Competitiveness Council on Monday said that Cypriot businesses can become better equipped to offer more value to their customers by exploring the possibility of mergers and ...

Renault SA (RENA.PA) and China’s Geely Automobile Holdings (0175.HK) are working to finalize a deal to bring Saudi Arabian state oil producer Aramco (2222.SE) in as an investor ...

Bank of Israel policymakers expressed concern that the new government will boost spending too much and harm its ability to return inflation to its 1-3 per cent annual target. Minutes ...

The Council for Registration of Real Estate Agents on Monday released a statement saying that the total value of all real estate sold in Cyprus in 2022 reached approximately €6 billion. “Amidst ...

French multinational hospitality company Accor, which owns, manages and franchises hotels, resorts and vacation properties, has announced that it will soon open a new hotel in Cyprus. Accor is the ...

Toyota Motor Corp (7203.T) on Monday said it expects to produce as many as 10.6 million vehicles this year, while warning of downward risk to its projection if it faces an ...

Europe is set to ban imports of Russian oil products on Feb. 5 in a move that is already causing massive shifts in global diesel trading. Buyers are rushing to fill ...

Leading global communication service provider Tototheo Maritime on Monday announced that it has added Starlink’s new low latency high-speed connectivity to its portfolio of services. “This marks a new ...

724 billion euro package agreed less than 2 years ago Extending disbursement beyond 2026 would need unanimity Countries already behind in commissioning projects Recipients blame rising costs of raw materials Member states already ...

Barely two in five people believe their families will be better off in the future, according to a regular global survey that also identified growing levels of distrust in institutions ...

Vkusno & tochka, the Russian successor brand to McDonald’s (MCD.N), has applied to have its trademarks registered in neighbouring Kazakhstan following the US company’s exit from its ...

Fintech firm Revolut Ltd. is close to finalising its long-overdue 2021 financial accounts, a move that could pave the way for the start-up to obtain a UK banking licence, two people ...

German carmaker BMW (BMWG.DE) is planning a new major investment in the central Mexican state of San Luis Potosi, where the company already has a plant, Mexican Foreign Minister ...

Resurgent risk appetite among some investors is fueling rallies in the shares of so-called meme stocks this month after a crushing year for equities, though many analysts are skeptical the ...

Twitter Inc is offering free advertisements to brands that advertise on its platform, an attempt to woo brands back to the social-media platform, which has seen its ad business deteriorate ...

Bitcoin rose 5.58 per cent to $21,044 at 2344 GMT on Saturday, adding $1,113 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 27.6 per cent from the year’s ...