#BusinessPick

Electricity prices in Cyprus are at an all-time high impacting industry and business. Cyprus Employers and Industries Federation (OEB) has been grappling with the challenges these pose. George Petrou, former ...

The Ministry of Finance said that the recently released data on unemployment ‘confirms that the Cypriot economy has entered a growth phase’. The total number of unemployed people fell sharply ...

A Colombian exporter of long-horned beetles, a popular pet for Japanese children, has created its own cryptocurrency to avoid high commissions on international sales. “It’s an alternative to be ...

Moderna Inc (MRNA.O) on Thursday slashed the 2021 sales forecast for its COVID-19 vaccine by as much as $5 billion, grappling to fill vials and distribute them to meet unprecedented world ...

Volkswagen (VOWG_p.DE) CEO Herbert Diess sought to defuse a clash over the pace of reforms he thinks are needed to keep up with the likes of Tesla (TSLA....

Turkey’s economy is expected to record double-digit growth in 2021, President Tayyip Erdogan said on Thursday, higher than a previous government forecast of 9 per cent. “Even though international institutions say 9 ...

Cyprus Investment Funds Association (CIFA) and Invest Cyprus’ seventh iteration of the International Funds Summit drew international attention to the island’s progress and potential as a fund management and ...

Alpha Bank Cyprus has announced the appointment of Michael Colakides as its new chairman of the board of directors. “The choice of Michael Colakides, who has served successfully in leadership ...

Paphos regional board of tourism (ETAP) and local hoteliers were in London this week to establish contacts at the World Tourism Market (WTM), which opened on Monday. The three-day travel ...

New consumer loans, mortgages and new loans above €1 million increased in September compared to the previous month of this year, data released by the Cyprus Central Bank, on Wednesday show. ...

Some 140 million people had opened “wallets” for China’s new digital yuan as of October and used it for transactions totalling around 62 billion yuan ($9.7 billion), a senior Chinese central bank ...

Restaurant owner Antoine Haddad has been in business for over 35 years but says he is running out of hope as Lebanon struggles with one of the deepest financial crises of ...

Turkey’s annual inflation rate rose to its highest in more than 2-1/2 years in October, data showed on Wednesday, as the central bank, under political pressure to provide more ...

Retail trade experienced a boom in Cyprus during August, both in terms of value and volume. According to data released by the Cyprus Statistical Service (Cystat), the Turnover Value Index ...

In Wichita, Kansas, nearly half of the roughly 10,000 employees at aircraft companies Textron Inc (TXT.N) and Spirit AeroSystems (SPR.N) remain unvaccinated against COVID-19, risking their jobs in defiance ...

Airlines are reopening airport lounges with higher-end service to lure back premium travelers after the pandemic, while increasingly opening the VIP experience to tourists – for a fee. Premium travel plummeted ...

BP (BP.L) added more than a billion dollars to its share buyback programme on Tuesday as it likened itself to a “cash machine” benefiting from higher oil and gas ...

Pfizer Inc (PFE.N) on Tuesday raised the full-year sales forecast for its COVID-19 vaccine by 7.5 per cent to $36 billion, as it signs deals with countries for booster doses and ...

The end of Britain’s furlough programme has not led to a surge in new job-seekers, according to data that suggests unemployment is unlikely to rise sharply and could bolster ...

Coca-Cola Co (KO.N) said on Monday it would buy the remaining stake in BodyArmor it did not already own for $5.6 billion, as the soda maker amps up its sports ...

British factories saw output growth slow and costs soar in October as they struggled to cope with supply bottlenecks, a survey showed on Monday, underscoring the dilemma facing the Bank ...

The Human Resources Development Authority (HRDA) of Cyprus has appointed a new director general, with Yiannis Mourouzides having taken over the position on November 1. The appointment was confirmed following a ...

Alibaba Group’s (9988.HK) annual ‘Singles Day’ shopping spree is set for its most sober tone ever this year, as the retail giant preaches sustainability rather than hyping the usual ...

Ryanair (RYA.I) on Monday reported its first quarterly profit since before COVID-19, but downgraded its annual forecast to a loss of up to 200 million euros ($231 million) on plans to ...