#BusinessPick

Enterprise software provider IBM’s (IBM.N) second-quarter revenue fell short of Wall Street expectations on Wednesday, bogged down by a decline in sales of its mainframe computers as businesses ...

Treating cryptoassets as a form of gambling would put Britain at odds with global and European Union regulators and fail to mitigate risks from the sector, Britain’s Financial Services ...

Tesla (TSLA.O) CEO Elon Musk signalled on Wednesday that he would cut prices again on electric vehicles in “turbulent times”, even as his all-out price war on automaker rivals ...

The relaunch of a classic Soviet-era car, the Moskvich, by a state-owned company in November was celebrated by Moscow’s mayor as showing the resilience of Russia’s auto industry ...

Investors in El Salvador international bonds are relishing 60 per cent returns this year alone as debt issued by the Central American country recovers from calls of doom and default, with ...

The Association for the Protection of Bank Borrowers (Syprodat) this week released a statement expressing its “deep regret” following the rejection of a controversial law proposal that aimed to grant ...

Swedish truckmaker AB Volvo (VOLVb.ST) on Wednesday logged a better-than-expected 57 per cent jump in second-quarter adjusted operating profit, helped by price hikes. “We have been successful in improving margins ...

Australia’s securities regulator said on Wednesday it had cancelled the license of the local arm of collapsed US cryptocurrency exchange FTX, effective from July 14. Bahamas-headquartered FTX, once a star ...

The harmonised inflation rate in Cyprus experienced a significant decline in June 2023 compared to the same period last year, reaching its lowest level in nearly two years, according to a ...

The Cabinet gave its approval on Wednesday to an agreement aimed at preventing double taxation and tackling tax evasion related to income taxes. The agreement, along with its corresponding protocol, ...

Nissan (7201.T) and Renault (RENA.PA) will make an announcement in the coming days on their restructured alliance and have finalised the deal, three people familiar with the matter said, ...

Tesla (TSLA.O) has requested approval from German local authorities to make sweeping changes to its factory near Berlin, a key next step in its ambitious plan to expand the ...

Britain’s high rate of inflation fell by more than expected in June and was its slowest in over a year at 7.9 per cent, according to data that will ease ...

The total amount of Non-Performing Loans (NPLs) in the Cypriot banking system reached €2.19 billion in April, with the NPL ratio against total loans remaining unchanged at 9 per cent. According to ...

Freedom Finance Europe, the European division of Freedom Holding Corp., has signed an exclusive partnership agreement with the football team FC Krasava at its new headquarters in Cyprus, according to ...

The Bank of Cyprus is issuing a new high-priority bond worth €300 million, capitalising on the positive momentum following the issuance of Additional Tier 1 capital in mid-June, according to a report ...

The spectre of rising corporate debt defaults exacerbating a global economic slowdown has for months been largely brushed aside by resilient credit markets. Now, long-feared corporate debt woes are starting ...

India’s second-largest software services exporter Infosys (INFY.NS) said on Monday it has signed a deal with an existing client to provide artificial intelligence (AI) and automation services that ...

British consumer group Which? has urged the government to take action to support households when the competition watchdog publishes its review of grocery pricing, saying some food prices have jumped ...

The Turkish lira weakened more than 2 per cent to a fresh record low against the dollar on Tuesday over market concerns that the central bank might raise interest rates this ...

Lebanon’s central bank will decommission the controversial exchange platform known as Sayrafa after governor Riad Salameh’s 30-year tenure ends this month, one of the institution’s vice governors ...

Turkey’s central bank is expected to raise its policy rate by 500 basis points to 20 per cent this week, a Reuters poll showed on Monday, making good on its pledge ...

Fitch Ratings on Monday released a new report stating that the stable quality of Cypriot banks’ assets in the second half of 2023 will be supported by positive prospects for the ...

The Cyprus Securities and Exchange Commission (CySEC) on Monday announced that in recognition of the importance of financial education and academic excellence, it recently handed out awards to two exceptional ...