#BusinessPick

Visa (V.N) and Mastercard (MA.N) reached an estimated $30 billion settlement to limit credit and debit card fees for merchants, with some savings likely to be passed on to ...

A major bridge collapsed in the US port of Baltimore after being struck by a container ship, plunging cars into the river below. Here is what carmakers and other companies, ...

Oil was little changed on Tuesday after rising in the previous session as investors took a more mixed view toward the loss of Russian refinery capacity after recent Ukrainian attacks ...

The Ministry of Energy, Commerce, and Industry on Tuesday announced that, in collaboration with the Cyprus Trade Centre in Berlin, took part in the International Wine and Spirits Exhibition PROWEIN 2024, ...

President of the federation of leisure centre owners (Osika) Fytos Thrasyvoulou on Tuesday said that restaurants and bars in Cyprus were teeming with customers during both three-day weekends, encompassing Green ...

The Cyprus Securities and Exchange Commission (CySEC) imposed a number of fines for a variety of violations during March, pertaining to two entities, worth a total of €76,500, spread across three ...

Nissan Motor this week said it would launch 30 new models over the next three years and aim to raise its global sales by 1 million vehicles while cutting costs to improve ...

Nike warned last week that its revenue in the first half of fiscal 2025 would shrink by a low single-digit percentage as the world’s largest sportswear maker scales back on ...

India’s economy and stock markets are booming, but its startups are not. Investors, once eager to pump in billions of dollars in promising Indian tech ventures, are now going ...

The pound was little changed on Monday, hovering near its lowest level in a month after investors last week ramped up their bets that the Bank of England will cut ...

With the race to build a new generation of computers heating up, European companies are eyeing the game-changing opportunities. By Tom Cassauwers At some point in the future, the medicines ...

Cellulose fibres are emerging as a sustainable option for wrapping everything from foods to electronics. By Helen Massy-Beresford Attention supermarket shoppers in Belgium, France and Luxembourg: a test to cut ...

IT services provider Accenture cut its fiscal-year 2024 revenue forecast on Thursday, as an uncertain economy prompts clients to curtail spending on its consulting services, sending its shares down around 5.6 per ...

Intel (INTC.O) is planning a $100 billion spending spree across four US states to build and expand factories after securing $19.5 billion in federal grants and loans – and it hopes to ...

Nvidia’s (NVDA.O) stock climbed on Tuesday after the heavyweight chipmaker said its new flagship AI processor is expected to ship later this year and CEO Jensen Huang said ...

European carmaker Stellantis (STLAM.MI) announced on Wednesday that it was acquiring a stake in optical radar start-up SteerLight as it seeks to strengthen its market position and secure access ...

Cyprus’ wholesale trade sector experienced a modest increase in 2023, rising by only 0.9 per cent, according to a report released on Friday by the state’s statistical service. In addition, the ...

Deputy Minister of Tourism Kostas Koumis this week said that “a sustainable destination is one that respects both its visitors and its own resources, both natural and human”. Koumis’ comment ...

By Zafiris Tzannatos What was once a common practice in authoritarian regimes, such as those of Nazi Germany, the Soviet Union, and Communist Romania, is now being revived all over ...

Memory chipmaker Micron Technology (MU.O) surged 18 per cent earlier this week and was set to open trading at a record high after its strong revenue forecast fanned optimism that ...

Cohere, an artificial intelligence startup that develops foundation models to compete with ChatGPT creator OpenAI, is in advanced talks to raise $500 million at a valuation of about $5 billion, according to ...

In line with the annual global awareness campaign, Global Money Week 2024, coordinated by the Central Bank of Cyprus (CBC), the CBC has taken the initiative to create educational videos aimed ...

The annual growth rate of the Composite Leading Economic Index (CPI) of Cyprus continued to slow in February 2024, remaining marginally positive. This trend, according to the Economics Research Centre (CypERC) ...

Oil prices were little changed on Friday, with global benchmark Brent hovering above $85 per barrel, as the possibility of a ceasefire in Gaza gained traction. Brent crude futures were down 2 ...