#BusinessPick

Cyta’s new chairman of the board Michael Ioannides has officially assumed his duties, releasing an introductory statement about his new role. “The challenge, both for me and for all ...

UK travellers to the European Union, and others from outside the union, will need a €7 electronic visa waiver by the end of next year, TTG reported on Wednesday. Rules to ...

The United Arab Emirates’ non-oil private sector expanded at its fastest pace in two years in July as demand rebounded from the COVID-19 pandemic, a business survey showed. The seasonally ...

British finance minister Rishi Sunak said young people benefit from being in offices and he doubted the enduring professional relationships that he forged while starting out could be made in ...

Foot Locker will buy two smaller shoe store chains for a total of about $1.1 billion in cash, the footwear retailer said on Monday as it looks to expand its business ...

The Central Bank of Cyprus has released its Quarterly Financial Accounts (QFA) publication, providing aggregated data on the financial assets and liabilities in the financial sector. The latest results, which ...

Ferrari (RACE.MI), the sports car maker synonymous with roaring petrol engines, welcomes the shift to electric powertrains and is confident of retaining its lead in the market for high ...

The European Commission said on Monday it had opened an in-depth investigation into Facebook’s proposed acquisition of Kustomer over concerns that the deal would stifle competition for customer relationship ...

Dutch brewing giant Heineken expects the COVID-19 pandemic to weigh on key Asian markets for the rest of the year and rising costs to dent margins, it said after posting ...

HSBC Holdings beat forecasts on Monday with first-half pretax profit that more than doubled from last year when it set aside $7 billion to cover pandemic-related bad loans. Encouraged by an ...

Drawn by sun, sea and speedy Wi-Fi, remote workers are converging on Europe’s southernmost islands to try “workcationing” before employers order them back to the office, giving battered tourism ...

“The culture for business in Cyprus is gradually changing becoming more accepting to Private clouds and collocation options, and gradually to public clouds as well. This mentality has been changing ...

US firms Blackstone Real Estate Partners and Hudson Pacific Properties (HPP.N) said they planned to create a major film, TV and digital production complex in Broxbourne, north of London, ...

“Companies have come to realise that having their infrastructure hosted in a data centre may provide them with a better cost/benefit. This includes 24/7 monitoring, SLA (service level agreement), expertise ...

“For Cyprus to grow as a data centre destination, the government needs to provide incentives such as subsidy schemes for private investment (nothing exists today for data centres like for ...

“Secondary locations in Europe are set for growth as the continued trajectory of Europe’s five main markets – doubling in size in under five years – is unsustainable. Demand for lower ...

There are millions of euros ready to deploy from the Cyprus Recovery and Resilience Plan (RRP) to modernise the energy sector. But parliament may not be ready to make the ...

Ethereum, the second-largest blockchain network, is about to undergo a technical adjustment that will significantly alter the way transactions are processed, as well as reduce the supply of the ether ...

“The problem in Cyprus is that businesses don’t trust proven technologies like ours. They have a superstitious fear of letting an external company manage their data. It doesn’t ...

“Overseas companies, for example, show great interest in Cyprus data centres, because Cyprus is part of the European Union, and thus is under the regime of the General Data Protection ...

NatWest accelerated returning cash to shareholders on Friday after a return to profit, rounding out a week of vastly improved earnings for British banks as the pandemic-battered economy reopens. The ...

Deliveroo is considering ending services in Spain due to high costs associated with running operations in the country to focus on other markets and expand in new and existing cities, ...

Turkey’s tourism revenues stood at $3 billion in the second quarter of the year, data from the Turkish Statistical Institute showed on Friday. Tourism income of the country stood at $2.45 ...

Broadcasters will not be taking home any gold medals for how many people have watched the Tokyo Olympic Games so far. In several major markets around the world, the TV ...