#BusinessPick

By Maria Demertzis The discovery of the latest Omicron variant of COVID-19 sent stock markets into a freefall on Black Friday. However, markets recovered on Monday and have since shrugged ...

Much like the coronavirus pandemic, and the economic disruption that it has caused, a global shipping crisis looks set to go on delaying goods traffic and fuelling inflation well into 2023. ...

The Turkish lira edged to near record lows on Friday as concerns about President Tayyip Erdogan’s low interest rate policy were fueled by a central bank survey showing one ...

We’d all be whizzing round in robotaxis by now if Elon Musk had been right. Instead, fully self-driving cars are struggling to get away from the starting grid and ...

Italy’s antitrust watchdog said on Thursday it had fined Amazon 1.13 billion euros ($1.28 billion) for alleged abuse of market dominance, in one of the biggest penalties imposed on a US ...

The total sales of motor vehicles decreased by 9.4 per cent year-on-year between January and November of 2021, according to a report by the Cyprus Statistical Service (Cystat). Meanwhile, total registrations in ...

Venus Minerals has announced that it has revised its mineral resource estimate at Kokkinoyia by 240 per cent The Kokkinoyia sector is part of the Magellan Project, 100 per cent owned by ...

French carmaker Renault (RENA.PA) on Wednesday received a blow for its popular Zoe electric model, as the European New Car Assessment Programme (NCAP) gave it a zero-star safety rating ...

The United Arab Emirates will allow the creation of companies for acquisition or merger purposes, the Economy Ministry said on twitter. The move is part of a series of amendments ...

The Research and Innovation Foundation (RIF) unveiled on Wednesday three new programmes of a total budget of €13 million, in the framework of Cyprus` recovery and resilience plan. The programmes were ...

Cypriot airline Cyprus Airways announced on Wednesday that it has commenced ticket sales for its winter destinations for this year. The Larnaca-based airline will operate flights to Greece, the United ...

The University of Cyprus announced on Wednesday that it has signed a partnership agreement with the Cyprus Marine and Maritime Institute (CMMI). The partnership will encompass cooperation in the fields ...

The European Commission and the High Representative for Foreign Affairs and Security Josep Borrell, announced earlier this month the launch of a new €300 billion infrastructure programme to bolster digital, energy ...

Amazon.com Inc’s (AMZN.O) push to recruit big-rig contractors to haul goods across its web of warehouses is colliding with a trucker shortage as the e-commerce company moves ...

UK-based environmental, social and governance (ESG) equity funds saw a record 1.5 billion pounds ($2 billion) in inflows in November as COP26 climate talks spurred investor interest in sustainability, according to funds ...

Cyprus’s Shipping Deputy Minister Vassilios Demetriades has called upon the sector’s community to work towards a sustainable future for shipping, with recognition and protection of seafarers, especially in ...

Visa Inc (V.N), the world’s largest payment processor, on Wednesday launched a global crypto advisory service for clients such as banks and also merchants, as the adoption of ...

In a letter to Minister of Labour and Social Security of Cyprus Zeta Emilianidou, the Cyprus Chamber Of Commerce and Industry has voiced its disapproval for a remote working mandate. “...

European Stability Mechanism (ESM) chief Klaus Regling said on Monday following a Eurogroup meeting that none of the five member states in the Post-Programme Monitoring (PPM) framework is in immediate ...

British house prices grew at the fastest pace in 15 years over the past three months, reflecting a lack of homes, a strong job market and low borrowing costs, mortgage lender ...

British grocery inflation hit a 17-month high in November, with the prices of crisps, savoury snacks and cat food increasing the most, market researcher Kantar said on Tuesday. It said ...

BMW (BMWG.DE) has sold its one millionth electric vehicle (EV) – including purely electric and hybrid vehicles – and plans to reach two million sales of purely electric vehicles by 2025, the ...

As details of a new COVID-19 variant emerge, investors are bracing for a potential hit to US corporate earnings, particularly among retailers, restaurants and travel companies. News of the Omicron ...

The Association for the Protection of Borrowers (Syprodat) has issued a reminder that the state-backed business loan scheme has come into effect. The scheme stipulates that state guarantees will cover 70 ...