Cyprus Business Now
The Cyprus University of Technology (Tepak) announced on Friday that it has managed to achieve significant savings in the total amount of property rents it pays to house its schools ...
COP26 and climate change: green transition will require more commitments
By Ioannis Tirkides
COP26, the UN Climate Change summit in Glasgow, ended on 13 November after two weeks of negotiations and a one-day extension, admittedly with only modest results. The conference ...
Payments into BoC accounts blocked from popular money transfer company Wise
The Bank of Cyprus and Wise have each blamed the other for why payments via the widely used popular financial tech company, which offers cheap international money transfers, have blocked ...
Shortages cast shadow over Britain’s Black Friday
Britain’s retailers are hoping Black Friday discount day will get shoppers spending, though it takes place against a backdrop of shortages of both products and drivers to deliver them.
...
KKR offer prompts Telecom Italia board showdown over CEO’s future
Telecom Italia faces another boardroom showdown after Luigi Gubitosi told them he was ready to quit as chief executive if that helped speed their decision over KKR’s takeover proposal.
...
Black Friday sales hit by supply issues and Covid measures (Updated)
Small shopkeepers’ union Povek said that discounts on offer for Black Friday in Cyprus are much lower than other countries, as reduced traffic was recorded at shops in the morning ...
Spain’s market regulator scolds soccer star Iniesta for promoting Binance
The Spanish market regulator scolded soccer star Andres Iniesta on Wednesday evening after he promoted cryptocurrency exchange platform Binance on his Twitter and Instagram accounts.
“I’m learning how to ...
‘Auditing helps combat fraud and corruption’
A well-planned internal audit is a crucial tool in the fight against corruption and fraud, two things that often appear in tandem and must, Finance Minister Constantinos Petrides said on ...
Cyprus Business Now
The CEO of DP World Limassol, Nawaf Abdulla, took part in a panel discussion as part of DP World Group’s CARGOES Digital Trade Flow event, held on the side-lines ...
Bids invited for Cyprus-Greece ferry link
The shipping ministry on Thursday launched an invitation for bids for a sea connection between Cyprus and Greece with improved terms for potential bidders in a bid to re-establish a ...
German banks vulnerable to housing bubble; should build buffers: Bundesbank
Germany’s banks are increasingly vulnerable to an overvalued property market and finance authorities should force lenders to build up capital buffers, the Bundesbank said on Thursday in a regular ...
Europe’s big payday remains elusive even as inflation surges
Visions of spiralling wage inflation in the eurozone have dominated the talking points of conservative central bankers in recent weeks as they called for a moderation in central bank stimulus.
...
Prada’s heir designate vows to keep group in family hands
Lorenzo Bertelli, the eldest son and heir designate to Prada’s Chief Executive Patrizio Bertelli, vowed to keep the family-controlled luxury fashion group independent when he takes the reins in ...
UK to require charge points for electric vehicles in new buildings
Charging points for electric vehicles will be required to be installed in new buildings in Britain from next year under new legislation to be announced by Prime Minister Boris Johnson, ...
Cyprus Business Now
The Minister of Agriculture Costas Kadis said that the Department for the Environment is applying great efforts to inform all stakeholders about the LIFE programme in order to maximise Cyprus’ ...
Tesla employees in Germany plan works council
Employees at Tesla’s (TSLA.O) huge new factory near Berlin will elect a works council to represent their interests, a German trade union said on Tuesday.
The IG Metall ...
OPEC+ challenged with release of oil reserves
The administration of US President Joe Biden announced on Tuesday it will release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and ...
Apple files lawsuit against NSO Group, saying US citizens were targets
Apple Inc (AAPL.O) said on Tuesday it has filed a lawsuit against Israeli cyber firm NSO Group and its parent company OSY Technologies for alleged surveillance and targeting of ...
Lebanon has yet to give IMF figure for financial losses, central bank governor says
Lebanon has yet to give the IMF its estimate of losses in the financial system as discussions on the issue continue, but is working hard to sign a memorandum of ...
Biden oil reserves bet melds China outreach with appeal to US voters
President Joe Biden’s historic move to release oil from strategic reserves in coordination with big nations including China represents a unique bet that finding common ground with the United ...
Cyprus Business Now
Port workers at the Eurogate Container Terminal Limassol and DP World Limassol participated in a one-hour work stoppage on Tuesday, November 23.
According to a press release by the two participating ...
UK business survey ‘gives green light’ for rate rise -IHS Markit
British businesses reported the fastest growth in new orders since June this month alongside record cost pressures, according to a closely watched business survey that could pave the way for ...
Amazon and Apple handed $225 million in Italian antitrust fines
Italy’s antitrust authority has fined US tech giants Amazon.com (AMZN.O) and Apple Inc (AAPL.O) a total of more than 200 million euros ($225 million) for alleged anti-competitive cooperation ...
Impossible Foods raises $500 mln in funding round led by Mirae
Impossible Foods has raised nearly $500 million in a funding round led by existing shareholder Mirae Asset Global Investments, highlighting a surge in investor appetite for fast-growing plant-based meat makers.
The ...