Business

European Union banks’ plans for surviving a major crisis without having to tap central bank money will undergo intense scrutiny next year, the bloc’s banking watchdog said. The need ...

Adidas (ADSGn.DE) sales should fall only slightly in 2023, a better outcome than previously expected, the sportswear giant said on Thursday, confirming strong demand for its remaining Yeezy shoes would ...

British fashion retailer Next (NXT.L) raised its guidance for annual profit by 10 million pounds ($12.7 million) to 845 million pounds on Thursday, after full price sales and the end-of-season summer sale ...

The behemoth cruise ship known as the Rhapsody of the Seas arrived at Ayia Napa marina on Thursday morning. The ship, which is operated by international cruise operator Royal Carribbean, ...

European Central Bank board member Fabio Panetta made the case on Thursday for keeping the ECB’s interest rates at their current high level for longer, rather than raising them ...

State-owned asset management company Kedipes on Thursday announced that in the coming days, it will be returning interest payments totalling €4.6 million to borrowers with restructured credit facilities for the first ...

The Bank of England raised its key interest rate by a quarter of a percentage point to a 15-year peak of 5.25% on Thursday, and gave a new warning that borrowing ...

Three Tesla (TSLA.O) owners in California on Wednesday sued the automaker in a proposed class action that accuses the company of falsely advertising the estimated driving ranges of its ...

Jordan has expressed an interest in collaborating with Cyprus to establish electricity connectivity with the European Union (EU), it was announced on Thursday. The expression of interest came up during ...

German airline group Deutsche Lufthansa (LHAG.DE) on Thursday said it expected high demand for travel, especially in premium classes, to continue for the rest of the year as it ...

In a week of mixed fortunes for the crypto market, Gala (GALA) and Zcash (ZEC) took a nearly 10% dip. On a brighter note, Pomerdoge (POMD) invigorated the scene by launching ...

The mayor of Polis Chrysochous has suggested revisions to the controversial Akamas local plan to accommodate at least three more hotels in the area, but sustainable ones, he said. Mayor ...

In an effort to bolster the local research and innovation landscape, the Research and Innovation Foundation (R&I Foundation) on Thursday unveiled a new funding scheme worth €6 million. The ...

The key to survival for metaverses is to keep adding new experiences for their users. As a result, Decentraland (MANA) and The Sandbox (SAND) have expanded their metaverses with new ...

US airlines are enjoying strong leisure travel demand, but corporate travelers are still not back in full force, compelling airlines to restructure their networks to account for fewer people flying ...

The Paphos district is making “intensive efforts” to upgrade and market its tourism experience, according to the Paphos regional tourism board (Etap) executive director Nasos Hadjigeorgiou. He said Paphos is ...

A Russian government-linked hacking group took aim at dozens of global organizations with a campaign to steal login credentials by engaging users in Microsoft Teams chats pretending to be from ...

By Oleg Krot In old sci-fi movies about the 2020s, fully autonomous robots do everything without human operators: guard objects, transport passengers, prepare food and even raise children. However, the 2020...

Agence France-Presse (AFP) said on Wednesday it filed a lawsuit in Paris against Elon Musk’s X social media platform, formerly known as Twitter, accusing it of failing to discuss ...

The Cyprus Real Estate Agents Registration Council on Wednesday noted that the local property market has performed better during 2023, although it looks forward to drawing more meaningful conclusions after the ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday reported a positive growth trend in the Collective Investments sector for the first quarter of 2023, with the number of Management Companies ...

Debt management company Themis Portfolio Management this week announced the launch of a new initiative aimed at finding mutually acceptable solutions for vulnerable borrowers who have their primary residence valued ...

Toyota (7203.T) on Wednesday unveiled the first hybrid version of its Land Cruiser that it will bring to North America and other key markets as it seeks to put a ...

Amazon.com (AMZN.O) said this week that it is planning to invest about $7.2 billion through 2037 in Israel, and launched its Amazon Web Services (AWS) data centers in the country. ...