#business

Risks over El Salvador’s embrace of bitcoin “have not materialized,” but use of the cryptocurrency still requires transparency and attention, the International Monetary Fund (IMF) said Friday in a ...

The European Union’s economy will avoid recession but headwinds continue to be an issue, according to the European Commission’s interim winter economic forecasts for 2023, presented by Economy Commissioner ...

European countries’ bill to shield households and companies from soaring energy costs has climbed to nearly 800 billion euros, researchers said on Monday, urging countries to be more targeted in their ...

British employers expect to raise wages for their staff by the most in at least 11 years but the 5 per cent pay deals for workers would still fall well below expected ...

A Russian scheme to grant loan payment holidays to troops fighting in Ukraine, and for banks to write off the entire debt if they are killed or maimed, has added ...

Nestle (NESN.S) will pay a former manager 2 million Swiss francs ($2.2 million) compensation after a Swiss court upheld her claim of bullying while working at the company, newspaper Tages-Anzeiger reported. ...

Facebook parent Meta Platforms Inc (META.O) has delayed finalizing the budgets of multiple teams as it prepares a fresh round of job cuts, the Financial Times reported on Saturday. ...

Spending on cloud services is expected to rise by more than a fifth this year, according to a report released this week by industry analysts Canalys. According to the report, ...

With cyberattacks on the rise against everything from businesses to critical infrastructure, companies, governments and researchers are joining forces to strengthen firewalls. By Tom Cassauwers In February last year, as ...

Crypto companies offering their customers eye-popping yields through so-called “staking” products are earning the ire of the US securities regulator who says such services should be registered. Crypto exchange Kraken ...

Oil rally to $100 not ruled out by OPEC sources So far in 2023 Brent is up slightly at just over $86 China demand rebound, lack of sizeable supply growth key drivers Some ...

By replacing around 60 welded components with a single module, gigantic aluminium die casting machines made by the likes of Tesla supplier IDRA Group are helping carmakers to simplify manufacturing and ...

The rapid reopening of China’s economy, plunging European gas prices and cooling US inflation suggest a global recession may not be as deep and protracted as feared just weeks ...

Alphabet Inc (GOOGL.O) and rival Microsoft (MSFT.O) are once again locked in a race to rule the internet zeitgeist after the Google owner launched “Bard” in answer to ...

Finnish game maker Rovio (ROVIO.HE), best known for its Angry Birds franchise, posted a fall in fourth-quarter profit on Thursday and said the global mobile game market in 2022 declined ...

International air travel demand remained strong in December 2022, capping off a year of recovery for the sector, according to a report released this week by the International Air Transport Association (...

The four-day workweek has numerous benefits for the organisations that implement them, both in terms of employee satisfaction, but also to their customers, according to a piece of analysis released ...

The presidents of the Institute of Chartered Accountants in England and Wales (ICAEW) and The Institute of Certified Public Accountants of Cyprus (ICPAC) on Friday announced that they have signed ...

By Charles Ellinas The Economist Intelligence Unit (EIU), a sister organization of The Economist, published the 2022 edition of its annual ‘Democracy Index’ in the first week of February. Another respected ...

The Cyprus Mail recently spoke to Andrew Williams, the Global Head of Human Resources at LImassol-based Libertex Group. The interview covered a number of areas, including what the company does ...

Adidas (ADSGn.DE) shares slumped as much as 12 per cent on Friday after the sportswear maker warned it could plunge to a loss this year for the first time in ...

UK GDP shows zero growth in Q4 after 0.2 per cent fall in Q3 Output falls 0.5 per cent in December, partly due to strikes Economy grows 4 per cent in 2022 but still ...

Yahoo said on Thursday it plans to lay off more than 20 per cent of its total workforce as part of a major restructuring of its ad tech division. The cuts ...

Russia to cut oil output by around 5 per cent in March Brent rises 2.5 per cent on the news West introduced price caps on Russian oil over Ukraine Russia banned deals ...