#BusinessPick

Corporate loans whose costs are linked to environmental, social and governance (ESG) goals are being redesigned by banks in response to rising regulatory pressure and to inject more credibility into ...

A hawkish lean from Federal Reserve Chair Jerome Powell chilled a recent rebound in stocks and bonds, with some investors suggesting the central bank was pushing back against loosening financial ...

Britain’s sluggish economy failed to grow in the July-to-September period but at least managed to avoid the start of a recession, figures from the Office for National Statistics showed ...

Crypto lender Celsius Network received US bankruptcy court approval for a restructuring plan that will return cryptocurrency to customers and create a new company owned by Celsius creditors. US Bankruptcy ...

International flight bookings around the world have fallen since the onset of the Israel-Hamas conflict especially in the Americas as people cancel trips to the Middle East and around the ...

The Central Bank of Cyprus (CBC) this week released a report noting that a total of 36 bounced checks were issued during October 2023, amounting to €566,732. Among them, 21 individuals, comprising 14 legal entities ...

Sony’s (6758.T) operating profit fell 29 per cent in the July-September quarter as the company was hit by a weaker performance at its image sensor and financial divisions. Profit for ...

Coca Cola HBC said on Wednesday it was temporarily withdrawing batches of two soft drinks from sale in Croatia while the authorities there investigate cases of illness suspected to have ...

Russian fuel producers have been told by the government to prepare for the scrapping of all remaining restrictions on the export of diesel and gasoline, three industry sources told Reuters ...

Cypriot firm Ask Wire, a technology-informed real estate company, on Thursday released its quarterly report for the local property market. The report indicated a mixed outlook for the real estate ...

The International Monetary Fund has hardened its view on how Argentina is running a $44 billion loan programme that has gone off track ahead of the country’s key presidential vote ...

The euro held onto a 15-year high against the yen and inched higher on the dollar on Thursday, following hawkish remarks from European policymakers and the prospect of falling energy ...

A court decision awarding over €780,000 to a depositor who lost his Laiki Bank savings due to the 2013 ‘haircut’ ignited a wave of reactions on Thursday, with the attorney general’s ...

The European subsidiary of Russia’s VTB (VTBR.MM) is changing its name after its parent refused to allow it to operate under the brand, an executive told Reuters. The ...

Cyprus has witnessed a significant upswing in vehicle registrations, with a remarkable 32.5 per cent annual increase during the first ten months of 2023, compared to the same period in 2022, according to ...

British retailer Marks & Spencer reported a much better-than-expected 75 per cent rise in first-half profit and restored its dividend but cautioned the combination of high borrowing costs, erratic weather and ...

France’s Renault (RENA.PA) has cut its stake in Nissan (7201.T) to 15 per cent from about 43 per cent by placing 28.4 per cent of the Japanese automaker in a French ...

Invest Cyprus president Evgenios Evgeniou on Wednesday called on the Cypriot business community to put forth ideas aimed at attracting foreign investment, which are in line with the priorities of ...

Turkey’s parliament removed Coca-Cola (KO.N) and Nestle (NESN.S) products from its restaurants on Tuesday over their alleged support for Israel amid the conflict in Gaza, according to ...

Flexible workspace provider WeWork (WE.N) sought US bankruptcy protection on Monday, crippled by a large debt pile and soaring losses due to lower demand for office space from cost-conscious ...

AstroBank announced on Tuesday that, following a statement issued on September 11, 2023, regarding the potential acquisition of the Cyprus Development Bank (CDB), the two entities have failed to reach a mutual ...

Professional services firm Deloitte recently celebrated 65 years of its successful presence in Cyprus, according to an official announcement released this week. The significant milestone was commemorated during a special event ...

British house prices ended a six-month declining streak in October, but the increase reflects a shortage of properties on sale and renewed falls are likely, mortgage lender Halifax said on ...

German industrial production fell more than expected in September, data showed on Tuesday, as a recent slump in incoming orders took its toll on production. Production fell in September by 1.4 ...