#BusinessTop

Ryanair (RYA.I) on Wednesday more than doubled its annual loss forecast and cut its January traffic estimate by 33 per cent, blaming travel restrictions in France, Germany and Morocco following ...

Cypriot biotech company Embio Diagnostics announced this week that it has successfully raised €1m in seed funding from multinational group Asbis, with the investment aimed at accelerating the company’s ...

Jose Castillo pulled his $60,000 worth of GameStop Corp (GME.N) shares from his brokerage last summer, even though he had no intention of selling them. The 26-year-old information technology worker, ...

The burning issue of inflation was the subject of an online event held last Wednesday by the Cyprus Association of Economists (EOK) titled ‘Price Rises: Inflation Principle or Something Else?’. ...

Turkey’s lira rocketed back from record lows in volatile trading on Tuesday after Turkish President Tayyip Erdogan proposed measures to protect local currency savings against such swings. Erdogan introduced ...

Turkey’s lira gained more steam and was up 7% on Tuesday following a historic 25% recovery from record lows, after President Tayyip Erdogan , Turkish liraunveiled a plan he said would guarantee ...

The pandemic era upended the world in all sorts of ways, but one of the most fascinating is the so-called ‘Great Resignation.’ Employees are moving out of their previous roles ...

European University Cyprus has linked up with US technology giant Microsoft to launch a new programme for start-up businesses. Titled Microsoft for Start-ups Cyprus Program, the programme will assist 10 strictly ...

Tatyana Bakalchuk is a rarity – a dotcom billionaire uninterested in outside capital or a stock market listing. The founder of Wildberries, Russia’s largest ecommerce retailer, has made it to ...

Property sales across four major Nicosia municipalities exceeded €3.3 billion in value over the past five years, a report from independent real estate asset management and advisory firm WiRE has shown. ...

British retail sales rose faster than expected last month, helped by Black Friday discounts, early Christmas shopping and no lockdown restrictions that closed many shops last year, official figures showed ...

Major US air carriers warned on Wednesday that plans by wireless carriers to use spectrum for 5G wireless services starting Jan. 5 could disrupt thousands of daily flights and cost air ...

Credit rating agency Fitch Ratings reported on Wednesday that it has revised Hellenic Bank’s outlook to positive from negative, while also affirming the bank’s Long-Term Issuer Default Rating (...

Leading Paris taxi company G7 has suspended the use of Tesla (TSLA.O) Model 3 cars in its fleet after a fatal accident involving one of the vehicles over the weekend. ...

American credit rating agency Fitch Ratings announced on Wednesday that it has revised the Bank of Cyprus’ outlook to positive from negative, while at the same time affirming the bank’...

As is the case with the global and European economies, the course of the Cypriot economy continues to greatly depend on the pandemic but despite being characterised by uncertainty, the ...

Shares in Chinese health care and technology firms tumbled on Wednesday after a report that the United States will add more Chinese firms, including the largest commercial drone maker and ...

International healthcare and diagnostic services company Medicover has acquired a controlling stake in Cypriot biotechnology NIPD Genetics, according to a statement released by the two companies earlier this month. “This ...

The Turkish government is soon expected to present to parliament an additional budget for next year, two officials said, because a sharp lira sell-off has strained the existing budget with ...

Budget airline Ryanair announced earlier this month that passenger traffic rose to 10.2 million travellers in November, reflecting a rise of 8.2 million from the same month of the previous year, when ...

A Paris appeals court on Monday slashed the penalty UBS (UBSG.S) must pay for allegedly helping wealthy clients in France evade taxes to 1.8 billion euros ($2.03 billion), but upheld that ...

Research teams at Intel Corp (INTC.O) on Saturday unveiled work that the company believes will help it keep speeding up and shrinking computing chips over the next ten years, ...

Malaysia has charged Dyson supplier ATA IMS (ATAI.KL) with four violations of labour law on accommodation for workers as it investigates complaints of forced labour, authorities said on Saturday. ...

The Cyprus Investment Promotion Agency, commonly known as Invest Cyprus, announced on Friday that it has signed a memorandum of understanding with its Indian counterpart Invest India. The memorandum was ...