Business

The Chinese CPP-Metron Consortium Ltd (CMC) should never have been awarded the Vasiliko liquified natural gas (LNG) project President Nikos Christodoulides said on Monday, as damning statements of blame continued ...

Cypriot sailor Pavlos Kontides, with the support of his Super Grand sponsor Freedom24, is offering fans a unique opportunity to win a trip to the Paris 2024 Olympic Games. Kontides, an ...

Russia should accelerate the creation of infrastructure for payments in cryptocurrencies but carefully weigh the associated risks, its money laundering watchdog said in a statement, ahead of a parliamentary vote ...

EU antitrust regulators are asking industry participants if Google’s (GOOGL.O) multi-year generative artificial intelligence (AI) deal with Samsung (005930.KS) hinders rival chatbots on Samsung smartphones, according to an ...

Bank of Cyprus (BoC) now lets you make direct transfers in euros to the 36 countries of the SEPA zone (European Economic Area) in real time, with the funds immediately available ...

Investment firm ECM Partners, whose Cypriot presence is based in Nicosia, and private fund manager Metric Capital Partners announced on Monday that they have agreed to sell a majority stake ...

It may lead to disciplinary and/or criminal prosecution Secret secondary employment of a civil servant, under a spouse’s name instead of their own, happens in Cyprus. It is ...

The European Central Bank (ECB) recently kept interest rates at their current levels but indicated that the September meeting is “wide open” as it downgraded its economic outlook for the ...

There is an endless amount of year-round attractions in Cyprus to be promoted There has been a lot of talk of measures to be undertaken in an effort to lengthen ...

Finnish telecom equipment maker Nokia said on Thursday its operating profit fell 32 per cent in the second quarter because of continued weak demand for 5G telecom equipment but forecast a ...

Netflix likely added the fewest number of subscribers in five quarters during April-June as sharp gains following a crackdown on password sharing ebbed and viewer attention moved to summer sporting ...

European companies are seeing outsized gains and losses in their shares when they report earnings, a Reuters analysis shows, a trend that has more to do with the growing sway ...

Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some layoffs announced since the ...

Outsized positions in artificial intelligence darling Nvidia (NVDA.O) have boosted portfolio managers’ returns this year but the bets stand to magnify risk if the chipmaker’s red-hot shares see ...

German sportswear maker Adidas is increasing its full-year earnings guidance after a better than expected second quarter, it said on Tuesday, in its second upgrade this year. The success of ...

During the last two months two major reports were released reviewing world energy. First was the Energy Institute’s (EI) ‘Statistical review of world energy 2024’ published in June, followed by ...

Here are the top business stories in Cyprus from the week starting July 15: Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou used his participation at a recently held ...

No self-respecting board would pay a company’s CEO entirely in cash. Yet for directors themselves, at least in Europe, it’s the norm. Non-executive board members in London, Amsterdam ...

Capital One will commit $265 billion over five years to lending, philanthropy and investment if its takeover of Discover Financial Services goes through, the bank said on Wednesday, as it aims ...

The Body Shop entered into an exclusivity agreement with a consortium led by investment firm focused on beauty and personal care Auréa group, the joint administrators of the struggling ...

HSBC Holdings Plc has appointed its Chief Financial Officer Georges Elhedery as its next CEO, the bank said on Wednesday, opting for continuity as it tries to kickstart growth. Elhedery, 50, ...

Pernod Ricard said on Wednesday it agreed to sell the majority of its wine portfolio to the owners of Australia’s Accolade Wines, disposing of a dragging division to focus ...

Starting with the consumer goods market, the latest data from the Consumer Product Price Watch, released by the Consumer Protection Service, highlights a significant uptick in prices. In June, 28 out ...

British house prices rose for a third month in a row in May, increasing by an annual 2.2 per cent after a 1.3 per cent rise in April, the Office for National ...