Business

The number of companies filing for voluntary liquidations in England and Wales hit a record high in the second quarter of this year as businesses struggled without the support available ...

Turkey’s central bank governor dismissed criticism of recent loan regulations from a second business group on Tuesday, arguing the measures create favourable financial conditions for exporters. Companies have been ...

Uber Technologies Inc (UBER.N) on Tuesday reported positive quarterly cash flow for the first time ever and forecast third-quarter operating profit above estimates, betting on steady demand for its ...

Russian retailer X5 Group (FIVEDR.MM) is stepping up an investment drive with plans to buy controlling stakes in two Siberian companies, open hundreds of new stores of its discount ...

International rating agency S&P Global Ratings this week announced that it has affirmed its ‘B+/B’ long- and short-term issuer credit ratings for the Bank of Cyprus, maintaining ...

The Gloria Jean’s Coffee franchise in Cyprus will now be under new ownership, with the new owner being Lanitis Entertainment. This marks the end of C.C. Coffee Company’...

The Bank of Cyprus on Tuesday announced that it has been named as the ‘Best Bank’ in Cyprus for 2022 by finance magazine Euromoney. The bank said that the accolade comes ...

US crypto firm Nomad has been hit by a $190 million theft, blockchain researchers said on Tuesday, the latest such heist to hit the digital asset sector this year. Nomad said ...

It’s been a good month for bitcoin – and we haven’t said that for a while. After months of freefall, it jumped more than 17 per cent in July, its ...

The Gloria Jean’s Coffee franchise in Cyprus has been sold to Lanitis Entertainment. This marks the end of C.C. Coffee Company’s 16-year ownership of the coffee chain ...

A major affiliate of Japan’s Toyota Motor Corp (7203.T) falsified emissions data on some engines going back to at least 2003, more than a decade earlier than previously indicated, a ...

BP’s (BP.L) second quarter profit soared to $8.45 billion, its highest in 14 years, as strong refining margins and trading prompted it to boost its dividend and spending on new ...

Oil prices dropped again on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just as major crude producers meet this ...

The Securities and Exchange Commission said on Monday it charged 11 people for their roles in creating and promoting a fraudulent crypto pyramid and Ponzi scheme that raised over $300 million from ...

Shares of Taiwan chipmaker TSMC (2330.TW) fell as much as 2.98 per cent on Tuesday, as investors closely watch a possible trip to Taiwan by US House of Representatives Speaker Nancy ...

Apple Inc is dropping its mask mandate for corporate employees at most locations, the Verge reported on Monday, citing an internal memo. This comes even as COVID-19 infections in the ...

Russian jeweller Sokolov is still planning to hold an initial public offering (IPO) in the next two years, the TASS news agency quoted the company’s co-owner as saying on ...

Insignia Ventures Partners has raised $516 million for its latest funds as the Southeast Asia-focused early stage tech venture fund doubles down on the region’s digital economy. “We could have ...

The World Tourism Organisation (WTO) on Monday said that global tourism continues to bounce back from the adverse effects of the coronavirus outbreak, even with a number of more recent ...

PwC Cyprus on Monday said that its specialised seminar on headquartering, titled ‘Headquartering in Cyprus: The why and the how’, attracted a great deal of interest. The seminar, which took ...

Aeva Technologies Inc (AEVA.N) on Monday said it has reached a deal with a German firm to sell its sensors for industrial uses such as automating manufacturing lines with ...

On a busy downtown street three delivery bikes suddenly dart over the pedestrian crossing ahead of the car. On the car’s dashboard they look like small 3D blue blocks ...

Heineken NV (HEIN.AS) on Monday posted higher-than-expected first-half earnings, as consumers bought more beer despite inflationary pressures, but the world’s second-largest brewer shelved its margin target for 2023 as ...

HSBC (HSBA.L) sought to woo investors on Monday with a higher profitability target and bullish dividend outlook, as Europe’s biggest bank pushed back on a proposal by top ...