#BusinessPick

Turks beset for years by soaring inflation and currency crashes will soon decide whether to forge ahead with President Tayyip Erdogan’s vision of a heavily-managed economy, or ditch it ...

A 2016 video that Tesla (TSLA.O) used to promote its self-driving technology was staged to show capabilities like stopping at a red light and accelerating at a green light that ...

Europeans have dialled down their heating this winter, apparently heeding government calls to conserve energy amid the Ukraine crisis, with some delaying switching it on by almost a month and ...

Microsoft Corp (MSFT.O) plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media reports on Tuesday. The ...

US home appliances maker Whirlpool (WHR.N) is folding its European business into a new company controlled by Turkish rival Arcelik (ARCLK.IS), reducing its exposure to a market where ...

Tourist arrivals to Cyprus reached 3,201,080 people in 2022, compared to 1,936,931 in 2021, according to a report released on Tuesday by the Cyprus Statistical Service (Cystat). Despite the uptick over the year before, ...

The Bank of Sydney this week announced that its long-serving CEO, Miltos Michaelas, will be departing the bank at the end of June 2023 to return to Cyprus after over 6 years ...

Goldman Sachs Group Inc (GS.N) on Tuesday reported a bigger-than-expected 69 per cent drop in fourth-quarter profit as it struggled with a slump in dealmaking and weakness in its wealth ...

German online bank N26 said on Tuesday that it would expand the list of countries where its customers may trade cryptocurrencies to include those in Germany and Switzerland. In addition, ...

Local start-ups are getting the opportunity to develop their original ideas through mentoring and training by participating in the second cycle of the Microsoft programme. Microsoft for start-ups Cyprus has ...

The West’s top energy firms are expected to rake in a combined record profit of $200 billion from a turbulent 2022 marked by huge volatility in oil and gas prices after ...

Average weekly earnings +6.4 per cent yy, stronger than forecasts BoE watching pay growth as it gauges next rate hike move Jobless rate holds at 3.7 per cent, close to five-decade low ...

Renault SA (RENA.PA) and China’s Geely Automobile Holdings (0175.HK) are working to finalize a deal to bring Saudi Arabian state oil producer Aramco (2222.SE) in as an investor ...

Bank of Israel policymakers expressed concern that the new government will boost spending too much and harm its ability to return inflation to its 1-3 per cent annual target. Minutes ...

French multinational hospitality company Accor, which owns, manages and franchises hotels, resorts and vacation properties, has announced that it will soon open a new hotel in Cyprus. Accor is the ...

British retailer Marks & Spencer (M&S) (MKS.L) plans to open 20 new stores creating 3,400 jobs throughout Britain, The Times reported on Monday. The 138-year old clothing and food ...

Sainsbury’s (SBRY.L), Britain’s second biggest supermarket group, has linked up with online meal ordering and delivery firm Just Eat Takeaway (TKWY.AS), to add faster home delivery ...

Toyota Motor Corp (7203.T) on Monday said it expects to produce as many as 10.6 million vehicles this year, while warning of downward risk to its projection if it faces an ...

Europe is set to ban imports of Russian oil products on Feb. 5 in a move that is already causing massive shifts in global diesel trading. Buyers are rushing to fill ...

Leading global communication service provider Tototheo Maritime on Monday announced that it has added Starlink’s new low latency high-speed connectivity to its portfolio of services. “This marks a new ...

Barely two in five people believe their families will be better off in the future, according to a regular global survey that also identified growing levels of distrust in institutions ...

Vkusno & tochka, the Russian successor brand to McDonald’s (MCD.N), has applied to have its trademarks registered in neighbouring Kazakhstan following the US company’s exit from its ...

Fintech firm Revolut Ltd. is close to finalising its long-overdue 2021 financial accounts, a move that could pave the way for the start-up to obtain a UK banking licence, two people ...

German carmaker BMW (BMWG.DE) is planning a new major investment in the central Mexican state of San Luis Potosi, where the company already has a plant, Mexican Foreign Minister ...