#BusinessPick

When Elon Musk asked his Twitter followers last weekend if he should sell 10 per cent of his Tesla Inc (TSLA.O) stock, he said he was posing the question because “...

General Electric (GE.N) said on Tuesday it would split into three public companies as the storied US industrial conglomerate seeks to simplify its business, pare down debt and breathe ...

British shoppers picked up the pace of their spending in October despite concerns about rising inflation, according to a survey published on Tuesday. The British Retail Consortium said retail spending ...

Porsche SE (PSHG_p.DE) said on Tuesday its nine-month net income bounced to the lower end of the German automotive group’s full-year guidance thanks to profits from Volkswagen (...

British grocery price inflation was 2.1 per cent in the four weeks to Oct. 31, its highest level since August 2020, market researcher Kantar said on Tuesday, adding to the pressure on household ...

The Cyprus Union of Bank Employees (ETYK) has renewed its collective agreement with card payments and processing company JCC until 2022. The trade union explained that since the Bank of Cyprus ...

United Arab Emirates Energy Minister Suhail al-Mazrouei said on Monday insufficient investments in the oil and natural gas industry could lead to a hike in energy prices. Oil and gas ...

Saudi Arabia is in talks with banks to amend the terms of a $16 billion loan due in 2023 and possibly reduce the size of the facility, sources said, as the world’...

SoftBank Group Corp (9984.T) slumped to a quarterly loss on Monday, as its Vision Fund unit took a $10 billion hit from a decline in the share price of its portfolio ...

European automakers reeling from a global chip shortage have in recent days hastened to assure shareholders that shortages of magnesium are not, for now, a risk to their production plans. ...

Finance Minister Constantinos Petrides travelled to Brussels on Sunday to take part in the Eurogroup meeting which will convene on Monday, November 8. Finance Ministers will discuss the macroeconomic outlook in ...

Dubai plans to merge the departments of economy and tourism and hopes to attract 25 million tourists in 2025, Sheikh Hamdan bin Mohamed Bin Rashid Al Maktoum, Dubai’s Crown Prince, said ...

Apple Inc (AAPL.O) has hired a former engineer from Tesla Inc (TSLA.O) to boost its car-development efforts, Bloomberg News reported on Friday, citing people with knowledge of the ...

British Foreign Secretary Liz Truss will travel to Malaysia on Sunday as part of a week-long visit to southeast Asia aimed at deepening economic and security ties in the region, ...

Rivian Automotive, backed by Amazon.com Inc (AMZN.O), on Friday significantly raised the expected offer price of its shares, with the electric vehicle manufacturer aiming for a valuation of ...

China’s export growth slowed in October but beat forecasts as booming global demand for holiday seasons, an easing power crunch and mitigating supply chain disruptions offset some pressures facing ...

Bank of England officials sought to reassure investors on Friday that they were sticking to plans to raise interest rates, a day after the central bank confounded widespread market expectations ...

by Maria Demertzis By far the biggest innovation in the recent monetary policy strategy review of the European Central Bank (ECB) is the emphasis that it puts on climate change ...

Taking place over November 10-12 at the Cyprus International Fair in Nicosia, the Eastern Mediterranean Energy Conference and Exhibition (EMC) will focus on a wide range of crucial issues related ...

Cyprus Deputy Minister of Shipping Vasilis Demetriades travelled to Glasgow on Friday to take part in the shipping industry’s official COP 26 sideline event, entitled ‘Shaping the Future of Shipping’, ...

BMW will cut working hours at its east German plant from 38 to 35, in line with its west German factories, it said on Friday, in a move welcomed by the works ...

Britain can revive production of high-powered magnets vital for the ramp up of electric vehicles, but it should copy China’s centralised strategy to make it viable, according to a ...

British Airways owner IAG (ICAG.L) is “very optimistic” about the reopening of transatlantic travel and planning to ramp up capacity on those routes next year, fuelling recovery hopes despite ...

Electricity prices in Cyprus are at an all-time high impacting industry and business. Cyprus Employers and Industries Federation (OEB) has been grappling with the challenges these pose. George Petrou, former ...