#BusinessPick

As talks over raising the US government’s $31.4 trillion debt ceiling intensify, Wall Street banks and asset managers have begun preparing for the fallout from a potential default. The financial ...

The US Virgin Islands has subpoenaed Tesla Inc (TSLA.O) CEO Elon Musk for documents in its lawsuit accusing JPMorgan Chase & Co (JPM.N) of helping enable sexual abuses ...

PwC Cyprus, a strategic partner of Junior Achievement, on Monday released a statement about its pivotal role in the successful execution of the “Company Programme” and “Our Community” initiatives. The ...

US lawmakers are grappling with what guardrails to put around burgeoning artificial intelligence, but months after ChatGPT got Washington’s attention, consensus is far from certain. Interviews with a US ...

There was a 12.7 per cent decrease in the issuance of new building permits in Cyprus during the first two months of 2023, according to data released by the Cyprus Statistical Service (...

Hacker groups affiliated with North Korea have stolen $721 million worth of cryptocurrency assets from Japan since 2017, the Nikkei business daily reported on Monday, citing a study by UK blockchain analysis ...

Vice Media Group, popular for websites such as Vice and Motherboard, filed for bankruptcy protection on Monday to engineer its sale to a group of lenders, capping years of financial ...

Oil prices slipped on Monday as concerns about fuel demand in top global oil consumers United States and China offset bullish sentiment about tightening supplies from any OPEC+ cuts and ...

Eurobank Cyprus on Monday announced a reduction of 0.50 per cent in mortgage interest rates with variable interest rates for borrowers who are up-to-date with their loan repayments. The bank stated ...

German energy firms Sefe and Uniper (UN01.DE) have awarded some traders millions of dollars in bonuses for 2022, four sources familiar with the matter said, just months after the companies ...

Europe has made a relatively slow start to rebuilding gas inventories but stocks were so high at the end of last winter that storage sites are still on course to ...

Newly appointed Twitter CEO Linda Yaccarino said in a tweet on Saturday that she has been inspired by owner Elon Musk’s vision to create a brighter future and is ...

Two electric vehicle battery makers plan to spend around 10 billion euros ($11 billion) on factories in Europe, they said on Friday, after Europe loosened state aid rules for green industry projects ...

Luxury goods group Richemont (CFR.S) beat expectations on Friday after high demand from Chinese consumers for jewellery and watches boosted sales over the three months to March 31, sending shares ...

The European University of Cyprus this week announced that it will be hosting a conference on Accessibility and Assistive Technology in Education on May 19, 2023, from 4:30 in the afternoon to 8:30 in ...

Private US nuclear fusion company Helion Energy will provide Microsoft (MSFT.O) with electricity in about five years, the companies said on Wednesday, in the first such deal for the ...

Shares of Rivian Automotive Inc (RIVN.O) rose 7 per cent on Wednesday as its positive earnings stood out in a poor quarter for electric-vehicle startups, but analysts warned that stiff ...

The Bank of Cyprus on Friday announced that it is now offering a 25-year fixed interest rate for its mortgage customers. According to the statement, this new option aims to ...

By Maria Demertzis It is now 14 months since the Russian invasion of Ukraine and based on the Kiel Institute Ukraine support tracker, EU countries have so far provided close to €62 ...

By Luigi Scazzieri Turkey’s presidential and parliamentary elections, this Sunday, May 14th, will determine whether President Recep Tayyip Erdoğan remains in office, and they will shape the country’...

The Deputy Minister of Shipping, Marina Hadjimanoli, emphasised the importance of competitiveness, resilience, and anticipation of new trends and challenges in the shipping industry. Hadjimanoli’s comments were made during ...

Toyota Motor Corp (7203.T) said on Friday the vehicle data of about 2.15 million users was left publicly available in Japan for about a decade from November 2013 to mid-April. The incident ...

European Central Bank supervisors are often too lenient with banks in how they manage credit risk, especially in the case of the worst performers, the European Court of Auditors (ECA) ...

Britain’s economy grew by 0.1 per cent in the first three months of 2023, a period that was once expected to be part of a long recession, but an unexpectedly sharp 0.3 ...