Business

Around 80 per cent of Hong Kong-based investment banking staff at Credit Suisse will be made redundant starting this week, two people with knowledge of the matter said, as part of ...

The tenant is obliged to pay rent and the owner to make repairs A lease, like any other contract, contains the contractual rights and obligations for landlords and tenants. In ...

A major increase in solar power generation in southern Europe played a leading role in averting energy shortages during the heatwaves of recent weeks when temperatures broke records and drove ...

Environmental, Social and Governance has become the primary concern for the vast majority of company leaders in Cyprus and implementing it will contribute to long-term economic progress Understanding Environmental, Social ...

While Conflux is showing promising signs of growth, the attention around Pomerdoge and Maker continues to win investor hearts. Most notably, Pomerdoge is in a presale phase of discounted tokens ...

Upgrading our hotels, restaurants, leisure centres, the quality of service and so on brings good results, but the cost is very high, especially for Cypriot budgets. The two flagships of ...

The lightning-fast collapse of Silicon Valley Bank this spring laid bare an inconvenient truth: Some US banks are not prepared to borrow from the Federal Reserve if they need to, ...

MP Materials (MP.N) and other Western companies are seeking to develop supplies of processed rare earths needed for the green energy revolution in a sector dominated by China. The 17 ...

Kraft Heinz (KHC.O) missed quarterly sales estimates last week as inflation-hit customers bought fewer packaged meals and condiments, discouraged by higher product prices. Shares of the Jell-O maker were ...

Yum Brands (YUM.N) topped market estimates for quarterly results last week, as cheaper meals and promotional offers at its KFC restaurants boosted demand and overshadowed lackluster traffic at Taco ...

Wix.com (WIX.O), which helps small businesses build and operate websites, swung to a net profit in the second quarter that was more than double forecasts and raised estimates ...

Here are the top business stories in Cyprus from the week starting July 31: Hellenic Bank on Tuesday announced that chief executive officer Oliver Gatzke will be stepping down from his ...

“Smart” technologies in homes reduce energy use and bills, prompting stepped-up European research in the field. By Helen Massy-Beresford They may lack the environmental wow factor of switching to an ...

It’s a high bar, but companies reporting second-quarter earnings in recent weeks have talked up artificial intelligence even more than in the previous quarter. S&P 500 (.SPX) companies ...

Shares of PayPal Holdings (PYPL.O) fell more than 8 per cent in premarket trading earlier this week as weak second-quarter margins at the digital payments firm overshadowed a strong forecast. ...

The University of Cyprus Entrepreneurship Centre (CEC) on Friday officially announced the commencement of the Cyprus Entrepreneurship Competition (CyEC) for 2023. As with every year, the competition is organised by the ...

In June, the interest rates on deposits in the Cypriot banking system experienced the largest monthly increase since the European Central Bank (ECB) began its efforts to raise key interest ...

The Consumer Price Index (CPI) in Cyprus experienced a 1.5 per cent increase in July 2023, marking the slowest rate of inflation since March 2021, according to a report released this week by ...

The National Bank of Greece (Cyprus) this week released a statement in which it announced the appointment of Philippos Mannaris as an Independent Non-Executive Member and Chairman of the Board ...

There was a decrease of 6.8 per cent, totalling 958 individuals, recorded among the registered unemployed in Cyprus during July 2023, according to a report released this week by the state’s statistical ...

By Ioannis Tirkides The war in Ukraine may be the most violent and eruptive event in world affairs for a long time. But it is not a singular or autonomous ...

Meta Platforms (META.O) this week introduced its open-source AI tool called AudioCraft that will help users to create music and audio based on text prompts. The AI tool is ...

Foxconn (2317.TW) has rapidly expanded its presence in India by investing in locations in the south of the country for its manufacturing facilities, as the Taiwanese giant seeks to move ...

Cyprus bankers’ union Etyk this week released a statement conveying their positive outlook on the recent changes in the administration of Hellenic Bank, congratulating the interim Chief Executive Officer Antonis ...