Fearing Russian cutoff, German industry braces for gas rations race
German big business is drafting a plan to use an auction system to help ration available supplies in the event Russia cuts off its gas,...
BusinessTop
Bank of Cyprus posts €21 mln first-quarter profit
The Bank of Cyprus on Thursday announced that it recorded a profit after tax of €21 million during the first quarter of 2022, €13 million...
Tesla cut from S&P 500 ESG Index, and Elon Musk tweets his fury
An S&P Dow Jones Indices executive told Reuters on Wednesday it has removed electric carmaker Tesla Inc (TSLA.O) from the widely followed S&P 500 ESG...
Minister engages with fintech community, says crypto bill on the way
Deputy Minister for Research, Innovation and Digital Policy Kyriacos Kokkinos on Tuesday afternoon engaged with the local fintech community, during an event on digital assets,...
Rouble dips against dollar after Russia eases capital controls
The Russian rouble weakened against the dollar on Wednesday but steadied not far from a five-year high against the euro, after losing the support of...
‘Construction sector can support Cypriot economy in difficult times’
Cyprus Land and Building Developers Association general manager Mersina Isidorou on Tuesday said that the Cypriot construction sector can help the economy withstand the challenges...
The long war and its collaterals
By Ioannis Tirkides Wars are highly uncertain events and never go as initially planned. This one in Ukraine is no exception. Russia was surprised by...
Musk tells conference a lower price for Twitter might be appropriate
Elon Musk suggested that a lower price for Twitter Inc (TWTR.N) may be appropriate as he and CEO Parag Agrawal quarreled over the company’s estimates...
Outlook more positive for 2023 as inflation, joblessness set to bite this year
Cyprus should expect higher joblessness and further inflation in 2022, which is also expected to impact the recovering tourism sector, but the economy should improve...
Factbox: Companies sell their businesses in Russia
Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they scramble to comply with sanctions over...
