#BusinessPick

The eurozone should not weaponize its own currency in a global conflict as that could ultimately undermine it, an influential European Central Bank policymaker said on Friday, just as the ...

The Bank of England said on Thursday that its rules requiring banks to “ring fence” their retail arms with bespoke buffers of capital have worked satisfactorily with no major overhaul ...

Rosemary and Larry Brester have been running Hobart Machined Products since 1978, milling and grinding metal to make aircraft components out of a tiny building behind their home. Hobart is one ...

Cyprus’ Research and Innovation Foundation (Idek) is set to host a pioneering Partner Day on Friday, February 9, at the Hilton Hotel in Nicosia. Under the theme “Innovation, Collaboration, Development,” the ...

eBay Inc (EBAY.O), will cut about 1,000 roles, or an estimated 9 per cent of its current workforce, the e-commerce retailer said on Tuesday. “While we are making progress against our ...

German sportswear company Puma (PUMG.DE), this week forecast sales and profits this year below analyst expectations, sending its shares down over 8 per cent to their lowest since 2018, blaming a ...

Cyprus’ Deputy Minister of Tourism Kostas Koumis engaged in “significant discussions” this week in Brussels, in an effort to boost the number of visitors from Belgium. According to statements by ...

British food and drink prices will continue to rise in 2024, contributing to an extended cost-of-living crisis, a prominent grocery industry researcher said on Thursday. Food and drink inflation will be ...

Oil prices rose on Thursday after data showed US crude stockpiles fell more than expected last week, while the Chinese central bank’s cut in banks’ reserve ratio reinforced hopes ...

Trade union Democratic Labour Federation of Cyprus (Deok) this week called for the immediate convening of the Labour Advisory Body to review the strategy for the employment of third-country nationals. ...

Unilever, the maker of Dove soap and Ben & Jerry’s ice cream, struggled to defend fourth-quarter grocery store market share across most of its categories in Europe and the ...

Pay awards from British employers held at their highest sustained level in over 30 years in the last three months of 2023 but deals struck in early 2024 suggest pay growth has peaked, ...

Germany’s economic downturn worsened this month with both manufacturing and services activity contracting, a preliminary survey showed on Wednesday. Underlying data showed a convergence in performance between the two ...

In a strategic move, Island Petroleum, a subsidiary of Island Oil (Holdings), has announced the acquisition and utilisation of the vessel M/T ASTRAIA, dedicated to providing physical supply services ...

The Computation-based Science and Technology Research Centre (CaSToRC) at The Cyprus Institute organised an important ‘industry day’ on January 16, 2024, as part of the EUROCC2 project, according to a statement released ...

The launch of the India-Middle East-Europe Economic Corridor (IMEC), an initiative that aims to bolster economic development between Asia, the Persian Gulf and Europe, has the potential to provide opportunities ...

London remains the world’s top financial centre as New York slips into second place, after tying with the UK capital last year, the City of London Corporation’s own ...

Oil seesawed between modest falls and gains on Wednesday as traders weighed the impact on prices stemming from escalating geopolitical tensions, concerns over tepid demand and a stronger dollar. The ...

TechIsland, the largest tech association in Cyprus, on Wednesday released a statement announcing the return of its workshop series, “Startup School”, which is part of the TechIsland Academy and aims ...

Carrying more stock, switching to suppliers nearer to consumers and reducing dependence on China are tactics European and US retailers used to build more resilient supply chains following disruptions during ...

Freedom Finance Europe recently announced that it continues to improve the conditions for its clients to keep free cash on the Freedom 24 investment platform, with the interest paid on the ...

Associated British Foods (ABF.L), opens new tab said underlying sales growth slowed at its Primark clothing business in the Christmas quarter, hurt by unseasonal warm weather at the start ...

It is a close call whether the Bank of England starts trimming borrowing costs next quarter or in July-September, a Reuters poll found, with only a slim majority of economists ...

The Bank of Japan maintained its ultra-easy monetary settings on Tuesday but signalled its growing conviction that conditions for phasing out its huge stimulus were falling into place, suggesting that ...