#BusinessPick

The Paphos Regional Tourism Board (Etap) is continuing its efforts to promote the district’s rural areas, aiming to increase the number of visitors to local communities, according to a ...

Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI’s ChatGPT are complicating governments’ efforts to agree laws governing the use of the technology. Here are the latest steps ...

Yum Brands (YUM.N) topped Wall Street estimates for third-quarter results on Wednesday as a reboot of popular menu items at Taco Bell and promotional deals at KFC pulled in ...

International credit rating agency Fitch Ratings upgraded Hellenic Bank’s long-term credit rating from “BB-“ to “BB+” on Friday. At the same time, the agency also set the bank’s ...

The 2023 Startups4Peace (Su4P) programme, the EU Innovative Entrepreneurship project, funded by the European Union, in collaboration with the Embassy of Finland, this week revealed the names of the ...

The Limassol Chamber of Commerce and Industry (Evel), in partnership with the European Parliament, held its second annual round table discussion on Thursday evening, with discussions revolving around a number ...

Finance Minister Makis Keravnos this week highlighted the positive outlook for Cyprus’ economy and expressed his vision of supporting both small and large Cypriot industrialists in expanding their investments and ...

Oil prices were little changed on Friday, but headed for a second week of losses as supply concerns driven by conflict in the Middle East eased, while the demand outlook ...

Amazon.com (AMZN.O) used a series of illegal strategies to boost profits at its online retail empire, including an algorithm that pushed up prices US households paid by more ...

Construction of one of Germany’s tallest buildings has suddenly halted midway after the developer stopped paying its builder, yet another ominous sign for the nation’s troubled property sector. ...

The City of Dreams Mediterranean has been honoured with the title of the world’s best new luxury resort-casino at the Seven Stars Luxury Hospitality and Lifestyle Awards 2023 (SSLHLA). In ...

British supermarket group Sainsbury’s forecast full-year profit at the upper half of previous guidance as it reported slightly better-than-expected flat profit for the first half due to demand for ...

Kraft Heinz (KHC.O) this week raised its 2023 profit estimates for the second time this year after topping quarterly earnings estimates on higher prices for its packaged meals and condiments, ...

Japanese Prime Minister Fumio Kishida said on Thursday the government will spend over 17 trillion yen ($113 billion) on a package of measures to cushion the economic blow from inflation, which will ...

The Turkish central bank hiked required reserves for FX-protected lira deposits by 5 percentage points, according to a decision published in the Official Gazette early on Thursday. The central bank increased ...

Luxury sports carmaker Ferrari (RACE.MI) has no plans to transfer its registered office from the Netherlands at the moment, a spokesperson for the company said on Wednesday. Earlier on ...

After two consecutive months of inflationary increases, October has brought signs of moderation in Cyprus’ inflation rate, according to the latest report by the Cyprus Statistical Service (Cystat). According to ...

Shell (SHEL.L) on Thursday reported third-quarter earnings of $6.2 billion, in line with expectations, on higher refining margins and strong liquefied natural gas (LNG) trading. The company announced share buybacks ...

A technical glitch that cancelled all flights departing from Turkey’s biggest city of Istanbul on Wednesday is now fixed and operations are returning gradually to normal, Turkey’s flag-carrier ...

The Federal Reserve held interest rates steady on Wednesday as policymakers struggled to determine whether financial conditions may be tight enough already to control inflation, or whether an economy that ...

Hellenic Bank on Wednesday released a statement underlining that it is spearheading the green transition with innovative, specialised products, something which was further stressed during a recent energy conference. The 11...

Turkey is preparing new legislation covering crypto-assets to persuade an international crime watchdog to remove it from a “grey list” of countries that have taken insufficient action to prevent money ...

British house prices unexpectedly rose by almost 1 per cent in October but the increase was due more to a lack of homes for sale than a turnaround in the market ...

Toyota Motor (7203.T) more than doubled its second-quarter profit and sharply raised its full-year outlook on Wednesday, as a weaker yen currency bolstered the impact of robust global sales. The ...