#business

Meta Platforms (META.O) plans to launch a microblogging app, Threads, days after Twitter executive chair Elon Musk announced a temporary cap on how many posts users can read on ...

Microsoft (MSFT.O) is likely to face a European Union antitrust investigation in the coming months after remedy discussions with the EU watchdog to avert such a move appear to ...

British banks faced fresh criticism on Monday for the savings rates they offer to cash-strapped customers, in the latest intervention by parliament’s influential Treasury Select Committee. The committee said ...

Turkey’s central bank said on Monday its monetary tightening process, which it began last month with a sharp post-election rate hike, is expected to continue until a significant improvement ...

The Cyprus general government recorded a fiscal surplus of €315.1 million, equivalent to 1.1 per cent of GDP, between January and May 2023, according to a report by the state’s statistical service. ...

Startups4Peace recently launched an initiative that seeks to unite the two communities in Cyprus and empower aspiring entrepreneurs to build and expand their businesses. With its mission to bridge ...

UBS (UBSG.S) has gone on a US recruiting drive for wealth managers catering to rich Americans even as it considers culling 30 per cent of its combined global workforce after ...

Saudi Arabia and Russia, the world’s biggest oil exporters, deepened oil cuts on Monday, sending prices higher despite concerns over a global economic slowdown and possible further interest rate ...

Cyprus’ tourism revenue reached €217.6 million in April 2023, compared to €185.1 million in the same month of the previous year, marking a 17.6 per cent increase, according to a report by the state’...

Bond investors could be in luck for the rest of 2023 if market indicators signalling central banks will take policy tightening too far and tip their economies into recession prove accurate. ...

An Australian project management firm has filed a lawsuit against Twitter Inc in a US court seeking cumulative payments of about A$1 million ($665,000) over alleged non-payment of bills for work ...

Oil prices fell on Monday as concerns about a global economic slowdown and possible further interest rate hikes from the US Federal Reserve weighed on prices, offsetting forecasts of tighter ...

Elon Musk’s move to temporarily cap how many posts Twitter users can read on the social media site could undermine efforts by the company’s new Chief Executive Linda ...

A building block of modern society and a sizeable contributor to climate change, steel is prompting a hunt for cutting-edge technologies to decarbonise the sector. By Tom Cassauwers On an ...

A total of 130 countries representing 98 per cent of the global economy are now exploring digital versions of their currencies, with almost half in advanced development, pilot or launch stages, a ...

By Charles Ellinas The UN Sustainable Development Solutions Network (SDSN) has just published the 2023 edition of its annual ‘Sustainable Development Report’, and it does not make good reading for Cyprus. ...

Nike (NKE.N) is expected to forecast full-year profit below Wall Street estimates, as demand for the sportswear giant’s products from wholesalers such as Foot Locker (FL.N) and ...

Here are the top business stories in Cyprus from the week starting June 26: Bars and restaurants across Cyprus experienced a notable decline in occupancy rates, with the drop in guests ...

Exxon Mobil (XOM.N) has agreed to develop more than 6,100 lithium-rich acres in Arkansas with Tetra Technologies Inc (TTI.N), the second move this year by the oil giant for ...

Oracle Corp (ORCL.N) is spending “billions” of dollars on chips from Nvidia Corp (NVDA.O) as it expands a cloud computing service targeting a new wave of artificial intelligence (...

The Asian Development Bank approved on Thursday a $1 billion loan to help one of Philippines’ largest cities procure a fleet of more than 1,000 electric buses, in an important step towards ...

Cyprus tourism sector expects full recovery by 2024, with industry stakeholders cautiously optimistic as they navigate the current set of challenges By Kyriacos Nicolaou The recovery of the Cyprus tourism sector ...

Elevate Digital, a Paphos-based digital marketing agency, this week announced the launch of its first incubated startup, beincyprus. According to the announcement, the platform aims to make the transition to ...

The Economic Policy Uncertainty (EPU) Index in Cyprus has returned to more normal levels in spring 2023, indicating a significant decline in uncertainty one year after the start of the Russia-Ukraine ...