Inflation in the US is improving, the public mood is still sour
As families in the US prepare to gather for their Thanksgiving dinners next week, food prices have largely flatlined for months, gasoline prices are about 10 per cent lower than a ...
Cyprus Business Now
The Cyprus Stock Exchange (CSE) this week announced the implementation of a new Regulatory Decision and an updated Securities Accounts System (SAS), applicable as of November 13, 2023.
According to the announcement, ...
Volkswagen CEO: 20,000-euro EV could come in second half of decade
Volkswagen (VOWG_p.DE) has not made a decision on producing a 20,000-euro ($21,714.00) electric car yet, but Chief Executive Oliver Blume is convinced that the company can get there by ...
New partnership aims to boost youth entrepreneurship in Cyprus
Cypriot startup accelerator ARIS, short for A Really Inspiring Space, and Frederick University this week announced that they have signed a memorandum of understanding to facilitate the growth of youth ...
Gulf Air bolsters Cyprus routes with more Larnaca flights
The national carrier of the Kingdom of Bahrain, Gulf Air, on Wednesday announced that it has increased the number of flights to Larnaca and Athens, aiming to bolster its operations ...
Cyprus cabinet approves new law in boost to investment fund sector
The Cabinet has greenlit a pivotal legislative draft titled ‘The Establishment and Operation of Collective Investment Organisation Management Companies Law of 2023’, which aims to regulate the operations of Fund Managers ...
Siemens Energy reviews wind unit set-up after $5 billion loss
Siemens Energy (ENR1n.DE) is reviewing the structure of Siemens Gamesa, it said on Wednesday, in a bid to return to profit the struggling wind division that caused a 4.6 ...
German drug regulator considering export ban on Ozempic
The head of Germany’s drug regulator BfArM is considering an export ban on Novo Nordisk’s (NOVOb.CO) diabetes drug Ozempic, which is in high demand for its weight-loss ...
UK inflation slows sharply, boosting BoE and PM Sunak
British inflation cooled by more than expected in October as household energy prices dropped from a year ago while stubbornly high services sector price growth also eased, offering some relief ...
Cyprus Business Now
The University of Cyprus (UCY) this week announced that it is set to host a two-day event on artificial intelligence, called AI Days, on November 27-28.
In its announcement, the ...
Global EV sales stay strong
Electric-vehicle sales are seeing continued strength globally with China reporting record monthly sales in October despite the end of subsidies, according to market research firm Rho Motion.
China ended an 11...
German cartel office opens probe into Coca-Cola over pricing practices
The German cartel office said on Tuesday it opened an investigation into Coca-Cola Europacific Partners Deutschland over pricing practices in the country.
“There are indications that Coca-Cola could competitively hinder ...
Cryptoverse: Bitcoin miners make money ahead of ‘halving’
Bitcoin miners are making hay while the sun shines.
The business has been yanked out of the doldrums by the cryptocurrency’s recent rally – and now mining companies are racing ...
Cyprus Chamber of Commerce takes part in European business summit
The Cyprus Chamber of Commerce and Industry (Keve) is taking part in the European Parliament of Enterprises, an event organised every two years by the European Chambers of Commerce, along ...
Bank of Cyprus reaches MREL target one year ahead of schedule
The Bank of Cyprus is set to complete its Minimum Requirement for Own Funds and Eligible Liabilities (MREL) target one year earlier than expected, signalling progress towards sustainable profitability, as ...
Emirates holds off on Airbus A350 order in engine rift
Emirates ruled out an immediate deal to buy Airbus A350-1000 jets on Tuesday, blaming a dispute with engine maker Rolls-Royce over the durability of its engines and leaving the ...
UK wage growth cools slightly but stays close to record
British wages grew slightly less fast in the three months to September but remained close to their record pace, according to official data that will do little to ease the ...
Google fined $164,000 for failing to store user data inside Russia
Google (GOOGL.O) was fined 15 million roubles ($164,000) on Tuesday for repeated refusal to store Russian users’ data on servers inside Russia, a Moscow court said.
Russia has repeatedly clashed with ...
Cyprus Business Now
Employment in the Cyprus government witnessed an increase of 283 individuals (0.5 per cent) in October 2023, compared to the same month in 2022, reaching a total of 53,554 people, according to a report released ...
Greece starts process to sell 20 per cent stake in National Bank
Greece on Monday announced plans to sell a 20 per cent stake in National Bank of Greece (NBG) after concluding the sale of a 9 per cent stake in Alpha Bank to ...
Hyundai Motor breaks ground on $1.5 bln EV plant in South Korea
Hyundai Motor Co (005380.KS) broke ground on Monday on a 2 trillion won ($1.52 billion) plant dedicated to making electric vehicles (EVs) in South Korea, as the automaker accelerates a shift away ...
Spirits giant Diageo’s shares suffer Latin American hangover
Diageo’s (DGE.L) shares fell by as much as 16 per cent at the end of last week after the maker of Johnnie Walker whisky said it expected first-half operating ...
Czech firm Bene Meat gets EU registration for lab-grown meat for pet food
Czech start-up Bene Meat Technologies is the first to win European Union registration for laboratory-grown meat for use in pet food and plans to boost production to make up to ...
UK petrol station group EG to buy Tesla charging units
British petrol station operator EG Group will buy Tesla’s (TSLA.O) ultra-fast charging units to help roll out its electric vehicle charging network across Europe, it said on Monday.
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