#BusinessPick

Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day, in a surprise move that analysts said would cause an ...

Non-profit organisation TechIsland recently announced that Wargaming general manager Valentinos Polykarpou has been appointed as its new chairman. The Cypriot executive is taking over at the island’s biggest IT ...

Japan is stepping up efforts toward issuing a digital yen with the creation of a government advisory panel and the launch of a pilot programme, joining a growing number of ...

The bank created by the UBS (UBSG.S) takeover of Credit Suisse (CSGN.S) is poised to reduce its workforce by 20-30 per cent, Swiss daily Tages-Anzeiger reported on Sunday, ...

Tesla Inc (TSLA.O) investors are waiting to see how much Elon Musk’s price cuts will pay off: the electric vehicle (EV) maker is expected this weekend to report ...

Car services groups on Friday warned a stalled EU proposal to ensure fair access to valuable vehicle data could pave the way for unfair competition from US and Chinese tech ...

Norges Bank Investment Management will vote against the re-election of Credit Suisse (CSGN.S) Chair Axel Lehmann and six other directors at the Swiss lender’s annual general meeting on ...

Microsoft-backed OpenAI is no longer the only game in town for software developers looking to capitalize on an expected $90 billion market for artificial intelligence. Motivated by a wariness of relying ...

Synopsys Inc (SNPS.O) on Wednesday rolled out new artificial intelligence tools designed to get better results faster in the various stages of designing computing chips. Synopsys makes software that ...

The average gross monthly earnings of employees in Cyprus is estimated to have reached €2,546 during the fourth quarter of 2022, according to a report released on Friday by the Cyprus Statistical ...

The United Arab Emirates’ central bank on Friday said it will cancel the licence it granted last year to Russia’s MTS bank, which was placed under British and US ...

Britain’s digital banks will need support over the next few weeks and months to help them cope with the market fallout from the collapse of Silicon Valley Bank, a ...

As the dust settles on a surprise move by Switzerland to write down $17 billion of bonds under Credit Suisse’s rescue, the market for debt designed as a shock absorber ...

A year into chairing the world’s biggest fashion retailer, Marta Ortega is trying to shake up Zara owner Inditex’s fast-fashion image and draw in more aspirational shoppers, according ...

Oil prices ticked down in Asian trade on Friday as bullish sentiment about Chinese demand and potential Middle Eastern supply disruptions was tempered by uncertainty over US economic data to ...

Britain’s economy grew in the fourth quarter of last year, official data showed on Friday, with a jump of business at travel agents and state support for soaring energy ...

The Research and Innovation Foundation (IDEK) on Thursday announced that it has entered into an agreement with the Italian innovation organisation META Group. The agreement seeks to facilitate the operation ...

State-owned Cyprus Asset Management Company (Kedipes) on Thursday reported that its board has decided that its state aid repayment for the first quarter of 2023 will be capped at €60 million. According ...

Turkish companies facing forex payments will be able to open lira accounts protecting against depreciation without needing to convert foreign exchange, and a central bank source said on Thursday there ...

Toyota Motor Corp (7203.T) said on Thursday that global sales hit a record for the month of February as it bounced back from severe pandemic-induced parts shortages, adding that worldwide ...

Microsoft Corp (MSFT.O) on Tuesday launched a tool to help cybersecurity professionals identify breaches, threat signals and better analyze data, using OpenAI’s latest GPT-4 generative artificial intelligence model. ...

The easy-cash era is over and markets are feeling the pinch from the sharpest jump in interest rate in decades. The collapse of US-lender Silicon Valley Bank (SVB) in early ...

British drugmaker GSK (GSK.L) has signed deals with three companies allowing them to make inexpensive generic versions of its long-acting HIV preventive medicine for use in lower-income countries, where ...

Britain’s government has lost tens of billions of pounds to fraud in recent years, with most public bodies unable to grasp the scale of the problem, the independent public ...