Italy woos Intel over multibillion-euro chip plant
Rome is drawing up an offer to try to convince Intel (INTC.O) to invest billions of euros in an advanced chipmaking plant in Italy, as...
BusinessPick
Business leaders look at post-pandemic global economy
Attracting the who’s who of Cyprus’ business, financial and political landscapes, the 12th Limassol Economic Forum brought together renowned speakers from the global scene to...
Cyprus Business Now
The Governor of the Central Bank of Cyprus Constantinos Herodotou said that financial literacy is a key element for a well-functioning economic system and thus...
Sony loses K-pop megaband BTS to Universal
South Korea’s BTS has signed a new distribution and marketing deal with Universal Music Group (UMG.AS), the world’s biggest music label, dropping Sony Music’s (6758.T)...
BMW starts producing new electric model, commits to emissions-free transport
German automaker BMW’s (BMWG.DE) first sales-ready battery electric i4 models rolled off production lines at its main plant in Munich on Friday, as the company...
Beyond Meat shares bleed on bleak revenue forecast as retail demand dips
Beyond Meat Inc (BYND.O) on Friday cut its third-quarter revenue forecast, blaming a host of factors including a drop in demand from grocery stores and...
UK agrees to end digital services tax after global tax reform
Britain said on Thursday it would phase out its Digital Services Tax on US tech giants such as Google and Facebook once a global reform...
UK public’s inflation expectations rocket to record high
A record proportion of the British public thinks inflation will accelerate over the next 12 months, according to data that could further boost expectations that...
Cyprus and India see growth potential in renewables, trade and tourism
Cyprus and India reaffirmed the potential for further development and increased cooperation during the ninth Cyprus-India Intergovernmental Meeting on economic, scientific, technical and industrial partnerships...
Gulf economies to pick up speed next year, with fall in oil prices biggest risk
Economies in the six-member Gulf Cooperation Council will grow faster next year than previously thought, according to a Reuters poll of economists who warned a...
Cyprus Business Now
According to the Cyprus Statistical Service (CyStat), Cyprus’ trade deficit rose to €3.165.7 million for the period between January and July 2021, marking an increase...
Unilever warns of even higher inflation next year
Unilever (ULVR.L) warned inflation was likely to accelerate next year, keeping the pressure on consumer goods companies as they hike prices to try to offset...
Barclays third quarter profit doubles amid global merger frenzy
Barclays (BARC.L) reported on Thursday a doubling of third-quarter profits, beating market expectations, as it followed Wall Street rivals in reaping bumper investment banking fees...
UK and New Zealand strike free trade deal
Britain and New Zealand have reached agreement in principle on a free trade deal designed to reduce tariffs, improve services trade, and take London one...
Bank of England to raise rates to 0.25 per cent in Q1, possibly sooner
The Bank of England will be the first major central bank to raise interest rates in the post-pandemic cycle but economists polled by Reuters think...
Cyprus economic indicators stayed positive in September
Boosted by elevated business activity and the tourism sector, the Cypriot economy remains on a path of growth and recovery according to a report by...
Cyprus Business Now
American credit rating agency S&P has released a report affirming RCB Bank with a rating of “BB-” with a stable outlook. RCB Bank’s long and...
EU court backs Lufthansa, easyJet deals over Air Berlin assets
German airline Lufthansa (LHAG.DE) and British peer easyJet (EZJ.L) on Wednesday gained backing from Europe’s second top court for their acquisitions of insolvent German carrier...
Bitcoin sits below all-time high after US ETF debut
Bitcoin hovered below record levels on Wednesday, the day after the first US bitcoin futures-based exchange-traded fund (ETF) began trading, a development that market participants...
New name for Facebook as it sets sights on metaverse
Facebook Inc (FB.O), under fire from regulators and lawmakers over its business practices, is planning to rebrand itself with a new name that focuses on...