#BusinessTop

The Bank of Cyprus on Monday announced that it has approved around 550 of its employees for the bank’s voluntary retirement scheme. The total cost of the implementation of the ...

Ryanair (RYA.I) on Monday said a return to pre-COVID levels of profitability this year was not certain even as it topped first-quarter estimates in what Chief Executive Michael O’...

Credit Suisse (CSGN.S) is considering how it could cut costs further after a dismal performance by the embattled bank in the past quarter, SonntagsZeitung reported, citing senior sources. “The ...

Amazon.com Inc AMZN.O agreed to buy primary care provider One Medical ONEM.O for $3.49 billion, expanding the e-commerce giant’s virtual healthcare and adding brick-and-mortar doctors’ offices for ...

The European Central Bank will raise interest rates for the first time in 11 years on Thursday with a bigger-than-flagged move seen as increasingly likely as policymakers fear losing control of ...

Thanks to the renewables’ boom, the limiting factor of the energy revolution is not power supply as much as power storage these days. Cleaner, greener batteries are needed to charge ...

Embria, a Cyprus-based venture builder firm that founds, funds and grows its own startups from the ground up, earlier this month announced that it has sold its stake in Finnish ...

Asian share markets rallied on Monday following a much-needed bounce on Wall Street, though nerves were stretched ahead of a near-certain interest rate hike in Europe and another round of ...

US airplane maker Boeing Co trimmed its projected industrywide demand for airplanes over the next 20 years, but said it expects deliveries to be stable excluding the Russian market. Boeing projects ...

Saudi Arabia’s foreign minister said a US-Arab summit on Saturday did not discuss oil and that OPEC+ would continue to assess market conditions and do what is necessary. “There ...

Chinese technology company Huawei cemented its position as the country’s second-largest cloud service provider in the first quarter of 2022, according to a report released this month by technology analysts ...

Airports Council International (ACI) World on Thursday called on global government representatives to agree on a long-term goal for reducing carbon dioxide emissions in the aviation industry. The statement by ...

Shell is considering boosting shareholder returns on the back of bumper profits from soaring energy prices, while the extra cash will also help it shift more swiftly towards renewables and ...

The European Commission on Thursday said that the Cypriot economy exceeded expectations during the first quarter of 2022, with a number of sectors outpacing performance forecasts. “The Cypriot economy surprised on ...

The euro’s tumble below $1 for the first time in two decades puts it on course for one of the worst years in its history, especially if the energy price ...

Labour minister Kyriacos Koushos on Wednesday expressed satisfaction at the launch of the social insurance office’s digital service for receiving childbirth aid. Koushos, who also thanked Deputy Minister for ...

A supply chain crisis triggered by the global pandemic deprived makers of PCs and smartphones to cars of computer chips needed to make their products. All that suddenly changed over ...

The euro was hovering just above parity with the US dollar on Wednesday while traders focused on US data due later in the session that is expected to show inflation ...

The Cyprus University of Technology (Tepak) earlier this week entered into a partnership agreement with software company SoftOne Cyprus. The partnership was ratified through the signing of a memorandum of ...

The global price of oil could surge by 40 per cent to around $140 per barrel if a proposed price cap on Russian oil is not adopted, along with sanction exemptions that ...

Cyprus’ trade deficit reached €2.96 billion for the period between January and May 2022, according to provisional data released by the Cyprus Statistical Service (Cystat) on Monday. This represents an increase of ...

The Nord Stream 1 pipeline that transports gas from Russia to Germany will undergo planned maintenance from Monday, prompting concerns about gas supplies to Europe if the outage is extended. Russian ...

Holiday group TUI expects the highest level of demand for Greece on record this year, its director of Communications Aage Duenhaupt told Athens news agency on Sunday. Tourism accounts for ...

Ratings agency Fitch downgraded Turkey’s debt rating to “B” from “B+” on Friday, citing increasing inflation and broad concerns about the economy, from a widening current account deficit to ...