#BusinessPick

Tesla (TSLA.O) started deliveries of its long-delayed Cybertruck electric pickup on Thursday, after CEO Elon Musk tempered investor expectations citing problems in ramping production of what he called a “...

Deputy Minister of Tourism Kostas Koumis on Friday said that tourist arrivals from Poland are expected to exceed 300,000 in 2024, after having conducted a number of meetings with tourism stakeholders in ...

A mix of global economic unease and geopolitical uncertainty means optimism is in short supply among bankers from the City of London to Frankfurt’s ‘Mainhattan’ financial district. Even rainmakers ...

A stellar rally in equities and bonds suggests market confidence is high for the world economy to reach a soft landing after a run of aggressive interest rate hikes. Yet ...

Oil prices pared losses on Friday, after falling sharply in early trade and by over 2 per cent on Thursday on perceptions that the voluntary oil output cuts agreed by OPEC+ ...

Goldman Sachs on Friday said it now expects the European Central Bank (ECB) to deliver its first interest rate cut in the second quarter of 2024, compared to an earlier forecast ...

Cyprus-based maritime technology firm Tototheo Maritime has broadened its services, announcing a substantial expansion into the land enterprise market, according to a statement released on Thursday. The move sees the ...

The Industrial Production Index in Cyprus reached 142.9 units in September, with 2015 having been designated as the base year, reflecting a 2.5 per cent annual increase. According to a report released this ...

Eurobank Cyprus has successfully completed the certification process for its Environmental Management System, adhering to the principles of the international standard ISO 14001:2015, according to an announcement released on Thursday. This ...

The Cyprus Securities and Exchange Commission (CySEC) has seen a significant increase of 12 per cent in entities under its supervision over the last four years, according to George Karatzias, the ...

Billionaires increased in numbers and overall wealth last year, Swiss bank UBS (UBSG.S) said on Thursday, with the fortunes inherited by the newly-minted super-rich exceeding cash generated by self-made ...

Metro Bank (MTRO.L) on Thursday announced sweeping cost-cutting plans aimed at bolstering its finances, which could see the embattled British lender lay off 20 per cent of its staff and ...

OPEC+ oil producers are likely to agree output cuts of at least 1 million barrels per day (bpd) for early next year led by Saudi Arabia rolling over its voluntary additional ...

In a move set to propel the technology sector’s momentum further, Cyprus expects significant growth from the proposed modernisation of the legislative framework governing citizenships. According to InBusiness News, ...

After making hay when a summer bond rout propelled the US dollar to 10-month highs, hedge funds are now pondering what lies ahead for the greenback. The dollar, down 3.5 per ...

November has shaped up to be a fairytale month for equities, with the festive Santa rally investors traditionally hope for coming early as traders bet on a Goldilocks scenario of ...

Singapore and Zurich tied for the world’s most expensive city this year, followed by Geneva, New York and Hong Kong, the Economist Intelligence Unit (EIU) said on Thursday as ...

Billionaire Elon Musk told advertisers that have fled his social media platform X over antisemitic content to “Go fuck yourself” in a fiery Wednesday interview. His profanity-laced remarks followed a ...

Deputy Minister of Tourism Kostas Koumis embarked on a journey to Poland on Wednesday with the aim of conducting meetings and discussions with key tourism stakeholders in the country. According ...

The death of Berkshire Hathaway’s Charlie Munger heralds the end of an era, leaving Warren Buffett as the conglomerate’s lone investing legend and shining the spotlight on managers ...

Britain’s antitrust regulator said it would launch a review of loyalty scheme pricing by supermarkets, such as Tesco’s (TSCO.L) Clubcard and Sainsbury’s (SBRY.L) Nectar, to ...

British food delivery company Deliveroo (ROO.L) said it was expanding into non-food retail, betting on toys, electronics and other goods to help drive growth, after it reiterated 2023 profit guidance. ...

Saudi Arabia’s Public Investment Fund (PIF) has struck a share purchase agreement to buy a 10 per cent stake in TOPCO, the holding company of Heathrow Airport Holdings Ltd, from ...

Cyprus experienced an upturn in its economic climate in November 2023, compared to October, primarily attributed to the service and construction sectors, according to a study conducted by the University of ...