#BusinessPick

Tesla (TSLA.O) will lay off more than 10 per cent of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and ...

Energy Minister George Papanastasiou is currently in Abu Dhabi to participate in the 14th Session of the Assembly of the International Renewable Energy Agency (IRENA), scheduled to take place from ...

Pareto Limited, a major shareholder in Atterbury Europe Holding B.V., has agreed to exchange part of its debt exposure in Atterbury Europe for a direct interest in both the ...

MDigi-I Project receives €2.8 million from Cyprus Research and Innovation Foundation (RIF) to drive digitalisation in shipping industry The Cyprus University of Technology (Tepak) has announced its participation in the Maritime ...

President of the Cyprus Stock Exchange (CSE) Marinos Christodoulides recently released a statement underscoring the significance of developing the bond market within the CSE framework. In addition, Christodoulides highlighted the ...

President Nikos Christodoulides will on Monday travel to London for a series of contacts with financial parties, entrepreneurs and investors. As part of his visit, the president will participate in ...

The European Central Bank (ECB) is increasingly confident that it is winning the fight against inflation, which makes an interest rate cut in June very likely, according to ECB policymaker ...

Britain’s tepid economy is on course to exit a shallow recession after output grew for a second month in a row in February, and January’s reading was revised ...

Big technology-related company earnings are expected to again lead S&P 500 profit growth in the upcoming US reporting period, which could refuel optimism for stocks after a weak start ...

German sportswear brand Puma is using this year’s Olympic Games and its partnership with sprint champions Jamaica to focus on speed as it jostles with Adidas and Nike to ...

Constellation Brands forecast annual profit above Wall Street expectations on Thursday, banking on resilient demand for its core beer brands despite sticky inflation. Demand across the company’s beer brands ...

The International Energy Agency (IEA) trimmed its forecast for 2024 oil demand growth on Friday, citing lower than expected consumption in OECD countries and a slump in factory activity. The Paris-based ...

Almost half British firms plan to raise their prices over the coming year as they struggle with high wage bills, according to a survey that underscored why the Bank of ...

JPMorgan Chase’s profit rose 6 per cent in the first quarter, although its shares dropped after the bank’s forecast for its income from interest payments came in below analysts’ ...

OpenAI Chief Executive Sam Altman has hosted hundreds of Fortune 500 company executives in San Francisco, New York and London this month where he and other OpenAI executives pitched AI services ...

In Q4 of 2023, two-bedroom apartments were the main attraction for buyers in Cyprus, according to Ask Wire‘s findings, which emerge from continuous monitoring of the development of 421 high-end projects ...

Amazon.com CEO Andy Jassy said the e-commerce firm sees opportunity to reduce costs in its fulfillment network, after trimming staff in a number of divisions over the recent months. “...

Nike unveiled Olympic kits for the teams it sponsors on Thursday alongside athletes including Kenyan marathon star Eliud Kipchoge and British sprinter Dina Asher-Smith, betting that top athletes can help ...

Stocks and the euro were steady ahead of an European Central Bank meeting on Thursday, after stubborn U.S. inflation numbers triggered the biggest global market selloff in months and ...

Short sellers betting against MicroStrategy have lost $1.92 billion since March, according to data from S3 Partners, highlighting the hit from a rally that has helped the stock outperform bitcoin . The ...

Following the demands of the modern era, PwC Cyprus has strategically integrated ChatPwC – an innovative generative artificial intelligence assistant (GenAI) – into its operations, thereby granting its people the ability to ...

Posidonia 2024 is set to mark the rebirth of the Greek shipbuilding industry, with over 85 shipyards from 26 countries already confirmed to showcase their vessel design and production innovations from June 3-7. ...

Global economic growth will reach just 2.8 per cent by 2030, a full percentage point below the historical average, unless major reforms are made to boost productivity and leverage technologies such as ...

Global goods trade should rebound this year, but more slowly than previously expected, after only its third decline in 30 years in 2023, the World Trade Organisation said on Wednesday. The Geneva-based ...