#BusinessTop

A top Federal Reserve Bank of New York official said on Friday that the bank sees promise in using a central bank digital dollar to speed up settlement time in ...

American technology giant Apple continued to dominate the tablet market during the third quarter of the year, with a 40.7 per cent share, according to a report released this week by ...

National investment agency Invest Cyprus on Friday announced that through a mission in Kuwait made a series of contacts and presented to local government officials and investors Cyprus’ business and ...

The biggest downturn since January 2021 hit British services companies last month, although it was not as severe as first estimated, according to a business survey that underlined the tough times ...

The Association of Cyprus Tourist Enterprises (Stek) on Thursday issued a warning against the dangers posed by short-term rentals, saying that the rapid expansion of such practices in Cyprus needs ...

The Bank of England raised interest rates to 3 per cent on Thursday from 2.25 per cent, its biggest rate rise since 1989 as it warned of a “very challenging” outlook for the ...

The Bank of England looks on track to raise interest rates by three quarters of a percentage point to 3 per cent later on Thursday, its biggest rate rise since 1989 as ...

The Paphos tourism board (Etap) and Paphos hoteliers association (Pasyxe) this week held a joint event in which they presented the final results of the district’s digital campaign to ...

Cyprus’ recorded a general government surplus of €587 million, 2.2 per cent of GDP, during the first nine months of 2022, compared to a deficit of €453.3 million, 1.9 per cent of GDP, in the ...

Europe needs its industrial companies to save energy amid soaring costs and shrinking supplies, and they are delivering – demand for natural gas and electricity both fell in the past quarter. ...

Minister of Energy, Commerce and Industry Natasa Pilides this week said that Cyprus’ business community continues to carry on unabated, displaying great resilience, despite the numerous exogenous challenges it faces. ...

Tesla (TSLA.O) aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the long-awaited pickup truck Chief Executive Elon Musk ...

Toyota Motor Corp (7203.T) on Tuesday posted a worse-than-expected 25 per cent drop in quarterly profit and cut its annual output target, as the Japanese firm battles surging material costs and ...

The Association of Cyprus Tourist Enterprises (Stek) on Monday warned that soaring energy costs will have an extremely negative impact on the Cypriot tourist industry, stressing that it will severely ...

Finance Minister Constantinos Petrides warned on Monday that “tectonic shifts are underway” as he warned that the days of cheap energy and cheap money are over. Petrides made the comments ...

Oil prices fell on Monday following weaker-than-expected factory activity data out of China and on concerns its widening COVID-19 curbs will curtail demand. Brent crude futures dropped 63 cents, or 0.7 per ...

Twitter will revise its user verification process, Elon Musk said in a tweet on Sunday, just days after he took over one of the world’s most influential social media ...

Saudi Arabian shares extended losses on Sunday, weakened by disappointing corporate earnings, volatile energy markets and the expectation the U.S. Federal Reserve will hike interest rates next week. Most ...

Companies and organisations are expected to invest a total of $3.4 trillion to fund their digital transformation strategies by 2026, according to a report released this week by market research company International ...

Government strategy to attract foreign talent and digital nomads viewed as a success The Civil Registry and Migration Department this week said that it has received 9,090 applications for relocation from ...

Overspending on Twitter Inc (TWTR.N) for $44 billion was the easy part. Now, Tesla Inc (TSLA.O) Chief Executive Elon Musk must prove why he believes that Twitter is worth 10 ...

PwC Cyprus CEO Philippos Soseilos this week explained that the correct application of environmental, social and governance (ESG) criteria in the shipping industry requires a holistic approach by the companies ...

The European Central Bank raised interest rates again on Thursday and announced it was changing the terms of its ultra-cheap loans to commercial banks in a bid to shrink its ...

The European Central Bank will raise interest rates again on Thursday and likely reel in a key subsidy to commercial banks, taking another big step in tightening policy to fight ...