Tesla uses its profits as a weapon in an EV price war
Tesla Inc (TSLA.O) earns more money for every vehicle it sells than any of its global rivals. Now, Chief Executive Elon Musk is using that superior profitability as a ...
Cyprus Business Now
The Council for Registration of Real Estate Agents on Friday announced that it successfully held its new year event, in which it recapped the events of 2022, and set the tone ...
Prospects for the Cyprus EEZ in 2023
By Charles Ellinas
With no end in sight for the Russia-Ukraine war, global energy markets will continue to be unstable, making 2023 another difficult year for global energy.
On top of ...
State needs fiscal room to support green, digital and social programmes
Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Friday stressed the need to maintain fiscal space in the midst of increased risks due to the war in Ukraine, something ...
UK shoppers cut back on spending as inflation takes its toll
Inflation-pinched British consumers cut their shopping by the most in the key month of December in at least 25 years, official data showed on Friday, dashing hopes for a Christmas boost ...
SLB wins Russia business as oilfield rivals exit after Ukraine invasion
Following Moscow’s invasion of Ukraine, world’s largest oilfield firm SLB (SLB.N) has boosted its business in Russia by cherry-picking service and equipment contracts from rivals who left, ...
Meta’s WhatsApp fined 5.5 mln euro by lead EU privacy regulator
Meta’s (META.O) WhatsApp subsidiary was fined 5.5 million euros ($5.95 million) on Thursday by Ireland’s Data Privacy Commissioner (DPC), its lead EU privacy regulator, for an additional breach of ...
Crypto lending unit of Genesis files for US bankruptcy
The lending unit of crypto firm Genesis filed on Thursday for US bankruptcy protection from creditors, toppled by a market rout along with the likes of exchange FTX and lender ...
Cyprus Business Now
Construction material prices in Cyprus reached a historically high level in 2022, surpassing the previous record recorded in 2021, according to a report released this week by the Cyprus Statistical Service (Cystat).
...
Qatar Airways reveals European reorganisation details in Larnaca event
Qatar Airways and Hermes Airports this week announced that the two parties came together to celebrate the airline’s 25th anniversary, along with what was deemed to have been a ...
Davos 2023: Cowed crypto crowd feel winter freeze at WEF
In the snow and ice on the main drag in Davos, the impact of the crypto winter is plain for WEF attendees to see.
Last May, the dressed-up shop fronts ...
No issue with crypto in India if laws are followed says minister
India’s junior IT minister on Thursday said there was no issue with cryptocurrencies in India if all laws are followed, in remarks that contradicted the central bank’s view ...
Cyprus banks enter cycle of uncertainty in a strong position, SSM chief says
Cypriot banks enter the cycle of uncertainty created by the war in Ukraine in a strong position, Andrea Enria, President of the ECB’s Supervisory Council told CNA, calling however ...
Gold edges higher as investors weigh Fed slowdown chances
Gold prices inched higher on Thursday as investors weighed the chances of the US Federal Reserve slowing its pace of interest rate hikes.
Spot gold was up 0.3 per cent at $1,908.69 ...
Over 500 advertisers have paused spending on Twitter
More than 500 of Twitter’s advertisers have paused spending on the micro blogging site since Elon Musk’s takeover last year, The Information reported on Wednesday, citing a person familiar ...
US retail sales tumble; monthly producer prices fall
US retail sales fell more than expected in December, pulled down by declines in purchases of motor vehicles and a range of other goods, putting consumer spending and the overall ...
Crypto hedge funds ended 2022 down almost 50 per cent
Hedge funds trading crypto currencies tracked by index provider BarclayHedge ended 2022 down almost 50 per cent, the research firm said on Tuesday, a sign that the collapse of the cryptocurrency exchange ...
Spotify joins media firms to urge EU action against Apple’s ‘unfair’ practices
Music streaming service Spotify Technology (SPOT.N), along with other media firms such as Deezer, urged the European Commission to take action against Apple Inc (AAPL.O) for anticompetitive and ...
Cyprus Business Now
The harmonised index of consumer prices in Cyprus rose to 8.1 per cent in 2022, compared to 2021, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat).
In addition, ...
Russia posts record current account surplus of $227 bln in 2022
Russia’s current account surplus hit a record high in 2022, the central bank said on Tuesday, as a fall in imports and robust oil and gas exports kept foreign money ...
ECB union says staff losing faith in leadership over inflation, pay
European Central Bank staff are losing confidence in the institution’s leadership following the ECB’s failure to control inflation and a pay award that lagged the leap in prices, ...
Crypto exchange Coinbase says it will halt Japan operations
Cryptocurrency exchange Coinbase Global Inc (COIN.O) on Wednesday said it will halt operations in Japan due to volatile market conditions.
All Coinbase Japan customers will have until Feb. 16 to ...
Cryptoverse: Bitcoin is back with a bonk
Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin.
The No.1 cryptocurrency has clocked a 26 per cent gain in ...
Turkey and its markets head for election crossroads
Turks beset for years by soaring inflation and currency crashes will soon decide whether to forge ahead with President Tayyip Erdogan’s vision of a heavily-managed economy, or ditch it ...