Roark Capital to buy sandwich chain Subway for up to $9.55 bln
Private equity firm Roark Capital agreed on Thursday to buy Subway, in a deal that people familiar with the matter said values the US sandwich chain at up to $9.55 billion, ...
Lockheed’s Sikorsky wins $2.7 billion US Navy contract
Sikorsky, a unit of Lockheed Martin (LMT.N), said on Thursday it was awarded a $2.7 billion contract by the US Navy to build 35 additional CH-53K helicopters.
The CH-53K ...
Audit office contacts EU bodies over interconnector project
The audit office has written to EU bodies as well as Cypriot officials raising concerns over the interconnector project, it emerged on Friday.
The letter details a lack of transparency ...
Moscow demands bigger discounts from foreign companies exiting Russia
Some foreign companies trying to exit Russia are facing a big jump in costs as Moscow is demanding bigger discounts on the price tags of assets they want to sell, ...
Eurobank increases share in Hellenic Bank to 48.1 per cent
Eurobank on Friday announced a further increase in its ownership share of Hellenic Bank, with the bank disclosing that it has reached an agreement with Senvest Management LLC to acquire ...
Mastercard, Binance to end crypto card partnership
Mastercard (MA.N) and crypto exchange Binance will end their four crypto card programmes in Argentina, Brazil, Colombia and Bahrain as of Sept. 22, a spokesperson for Mastercard said via email ...
Bitcoin ETF makes European debut as Monero & Borroe finance shines
Jacobi Asset Management, a London-based firm, has listed Europe’s first spot Bitcoin ETF on Euronext Amsterdam. The launch of the ETF is significant as it allows investors to gain ...
Shiba Inu (SHIB) and Cardano (ADA) lose race to the exponential rise of Pomerdoge (POMD)
The crypto market has matured in recent years, and so are the investors. Now, investors prefer long-term stable projects to short-term riskier tokens. Recently, Pomerdoge launched its presale, which became ...
Stocks swoon, dollar firms as Powell speech looms
Asian stocks sold off and the dollar scaled an 11-week peak against major peers on Friday as investors braced for the risk of a hawkish tilt from Federal Reserve Chair ...
German economy stagnates in second quarter after winter recession
The German economy stagnated in the second quarter compared to the previous three months, following a winter recession, data from the statistics office showed on Friday.
The figure of zero ...
US sues SpaceX, alleges hiring discrimination against asylum recipients, refugees
The US Justice Department sued Elon Musk-owned rocket and satellite company SpaceX on Thursday for allegedly discriminating against asylum recipients and refugees in hiring.
“The lawsuit alleges that, from at ...
Fashion retailer H&M to reopen most Ukraine stores
Fashion retailer H&M (HMb.ST) will reopen most of its stores in Ukraine, beginning in November of this year, the Swedish company said in a statement on Thursday.
...
Cyprus Business Now
Invest Cyprus CEO Marios Tannousis this week praised the crucial role played by the Cypriot diaspora in promoting the country on the international stage.
Speaking at the Global Cypriot Diaspora ...
Fed coming up snake eyes in its battle with spend-happy consumers
The new Caesars casino in Danville, Virginia, is a temporary facility reminiscent of an airplane hangar and with limited food and drink options.
It still saw 400,000 visitors lay out more ...
UK retail sales slide by most in over two years
British retail sales fell in August at the fastest rate since March 2021 and most stores are expecting another tough month ahead, an industry survey showed on Thursday.
The Confederation of ...
BRICS welcomes new members in push to reshuffle world order
The BRICS bloc of developing nations agreed on Thursday to admit Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates in a move aimed at accelerating its push ...
Best bargain Cryptos: 3 coins under $1 with sky-high potential (TRON, Pepe, VC Spectra)
In the current market, there are a few options that may offer significant returns. TRON (TRX), with its impressive registration of 170 million accounts, demonstrates a promising user base. Meanwhile, Pepe (...
Crypto uproar: The token stealing the limelight from Cardano (ADA) and Uniswap (UNI)!
Sentiment in the crypto market has suddenly shifted as Cardano (ADA) and Uniswap (UNI) face oversold conditions. Yet, a new token is unfazed by what’s happening with other coins, ...
CySEC chairman: ‘Eurobank mandated to bid for 100 per cent of Hellenic Bank’
The chairman of the Cyprus Securities and Exchange Commission (CySEC) George Theocharides on Thursday stated that Eurobank should proceed with a mandatory public offer to the shareholders of Hellenic Bank ...
Turkey shocks with big rate hike to 25%, boosting lira
Turkey’s central bank hiked its key interest rate by a larger-than-expected 750 basis points to 25% on Thursday, sparking a rare lira rally and signalling a new determination to address rebounding ...
Cyprus government seeking to boost SME mergers and acquisitions
The cabinet of ministers on Thursday approved an action plan for the provision of incentives seeking to boost mergers and acquisitions between small and medium-sized enterprises (SMEs).
As stated after ...
Pandemic, inflation push 68m more in Asia into extreme poverty
The coronavirus pandemic and rise in cost of living have pushed close to 70 million more people in developing Asia into extreme poverty as of last year, the Asian Development Bank ...
Limassol cements role as conference tourism leader in Cyprus
The Limassol tourism board on Thursday held a press conference to officially welcome the upcoming M&I Europe Summer Forum, a major event that is due to take place ...
Know why Litecoin (LTC) and Polygon (MATIC) are benched while bulls invest in Everlodge (ELDG)
The crypto market is showing mixed signs for the past many months. Sometimes it goes bullish, while other times, it has a bearish outlook. Due to such volatility, it has ...