#business

Alphabet (GOOGL.O) unit Google could face EU antitrust charges next year over its digital advertising business, putting the company at risk of its fourth fine in the EU of ...

A leading US bank regulator said his caution over banks partnering with fintechs is not meant to stifle those arrangements, but rather reflects his concern that firms must adequately gauge ...

Microsoft (MSFT.O) said Britain’s competition regulator had relied on objections from its rival Sony (6758.T) in referring its $69 billion Activision Blizzard deal to an in-depth inquiry, in particular “...

The global market experienced a major downturn during the third quarter of 2022, with demand dropping sharply, according to a report released this week by technology analysts Canalys. According to the ...

Non-performing loans (NPLs) in Cyprus’ banking sector stood at €2.85 billion at the end of July 2022, reflecting a decrease of €69 million compared to the previous month, according to a report published ...

Hyundai Motor Group’s air taxi unit has picked aerospace supplier Honeywell International Inc (HON.O) to develop avionics systems for its eVTOL (electric vertical take-off and landing) aircraft, the ...

Oil prices plummeted on Friday as global recession fears and weak oil demand, especially in China, outweighed support from a large cut to the OPEC+ supply target. Brent crude futures ...

Israel’s Redefine Meat has struck a partnership with importer Giraudi Meats to drive European distribution of its “New Meat” steak cuts produced on 3D printers, it said on Thursday. ...

With the educational technology (ed-tech) sector in Cyprus experiencing growth in recent years, one such company with offices in Cyprus, Gear Education, announced this week that it has joined the ...

Numerous technology and investment events are set to take place in Cyprus during the coming months, after a busy month in September, particularly in Limassol, where the information technology scene ...

Investors piled cash into sterling money-market funds at more than three times their usual rate during the recent turbulence in British bond markets, and pension funds likely made up the ...

Britain’s corporation tax will rise to 25 per cent this April, the Daily Telegraph reported on Friday, in a second humiliating government u-turn on economic policy and amid a report ...

President Nicos Anastasiades on Friday addressed the opening of the Eastern Mediterranean Gas Forum (EMGF) Energy Transition Conference, noting that the conference being held in Cyprus underlines the collaborative relationship ...

Airbus (AIR.PA) and Qatar Airways return to court on Friday as a contractual and safety dispute over A350 passenger jets descends into a tug-of-war over confidential documents while the ...

French food company Danone (DANO.PA) said on Friday it would shed its dairy food business in Russia in a deal that could lead to a write-off of up to 1 ...

Paphos hoteliers association (Pasyxe) president Thanos Michaelides on Thursday spoke on the rise in operating costs in the tourism sector, mainly in terms of energy-related bills and expenses, as well ...

The Cyprus Shipping Chamber (Kne) on Thursday announced that it successfully held a panel discussion focusing on a greener shipping and maritime industry through collaborative practices. The panel discussion was ...

Euro zone government bond yields rose on Thursday, after US data showed a bigger-than-expected rise in consumer prices last month, dashing hopes that the Federal Reserve will slow the pace ...

Transactions using China’s digital yuan surpassed 100 billion yuan ($13.9 billion) as of Aug. 31, China’s central bank said on Wednesday, as the country continues its roll-out of a central bank ...

Blockchain.com, a cryptocurrency exchange backed by investors including Lightspeed Venture Partners, said on Wednesday it had received approval from Singapore’s central bank to offer payment services in the ...

Larnaca-based airline Cyprus Airways on Thursday announced that it is pleased with its September performance, recording a seat load factor (SLF) of approximately 80 per cent during this time. In addition, ...

The average gross monthly earnings of employees for 2021 increased by 3.2 per cent compared to 2020 to €2,067, reaching a decade high. According to a press release by the Statistical Service of Cyprus, ...

Bank of England Governor Andrew Bailey has been unequivocal: the central bank will end emergency support for bonds on Friday. Yet with markets showing few signs of stabilising, the BoE ...

Global investors and banks have been voicing confusion about their efforts to convert depositary receipts of Russian companies into ordinary shares in compliance with a new Russian law, according to ...