#BusinessPick

Retail prices in Turkey’s largest city Istanbul rose 3.29 per cent month-on-month in October for an annual increase of 20.76 per cent, the Istanbul Chamber of Commerce (ITO) said on Monday. ...

British businesses gained a small amount of momentum and grew at an above-average pace in the three months to the end of October, despite widespread disruption to supply chains, the ...

Saudi Arabian state oil producer Aramco (2222.SE) said on Sunday its third-quarter net profit more than doubled, boosted by higher crude oil prices and volumes sold, beating analysts’ forecasts. The ...

The German labour union Verdi on Sunday called on employees to strike at seven different Amazon locations in an ongoing pay dispute. Amazon did not immediately respond to a request ...

The government budget for 2022 presented to the House of Representatives on October 7 calls for the overall deficit to be reduced substantially from an estimated 5 per cent of GDP in 2021 to 1.1 ...

The Federal Aviation Administration (FAA) has raised significant concerns about a plan to use spectrum for 5G wireless networks on aviation safety and is planning to issue a formal warning ...

Tesla Inc (TSLA.O) board member Ira Ehrenpreis sold shares of the electric carmaker worth more than $200 million on Wednesday, after the stock crossed the $1,000 mark for the first time ...

Johnson & Johnson (JNJ.N) said it has settled most of the lawsuits it faced by thousands of men who claimed its anti-psychotic drug Risperdal caused them to develop excessive ...

By Andreas Charalambous and Omiros Pissarides Economic inequality has always attracted attention because of its significant economic and political implications. The most widely accepted method to measure economic inequality is ...

Apple Inc (AAPL.O) lost its crown as the world’s most valuable public company to Microsoft Corp (MSFT.O) on Friday, as the iPhone maker’s shares fell about 2 ...

by Maria Demertzis “There’s a fundamental truth of the twenty-first century within each of our own countries and as a global community,” President Joe Biden told the United Nations ...

The Beau Rivage Hotel in Larnaca has begun to be demolished, a process estimated to take somewhere between two and three months to be completed. As confirmed by NCH Managing ...

Top oil exporter Saudi Arabia may raise prices of light crude grades to Asia in December, supported by a rebound in distillate margins and spot premiums for Middle Eastern oil ...

NatWest’s (NWG.L) profit tripled in the third quarter as Britain’s resurgent economy buoyed its finances, but its margins contracted in a sign of potentially tougher times ahead. ...

Italian luxury sports car maker Ferrari (RACE.MI) on Thursday won its dispute with a German car design company after Europe’s top court agreed with its arguments that it ...

Microsoft Corp (MSFT.O) on Thursday said it plans to work with community colleges across the United States to fill 250,000 cybersecurity jobs over the next four years. Microsoft said it ...

According to the Cyprus Statistical Service (Cystat), industrial production marked a year-on-year increase of 9.3 per cent in the period of January – August 2021. According to the Cystat data, the Industrial Production ...

Facebook Inc (FB.O) is now called Meta, the company said on Thursday, in a rebrand that focuses on investing in the “metaverse,” a shared virtual environment that it bets ...

Hopes of an imminent breakthrough in deliveries of Boeing Co’s (BA.N) 787 jetliner were fading on Tuesday after a top supplier reported a lull in activity and two industry ...

Volvo Cars is hoping investors will buy into its long-term electric vehicle strategy and see past supply chain worries and questions about its shift to battery power as it gears ...

The Central Bank of Cyprus (CBC) has fined Bank of Cyprus, Cyprus’ largest lender, €277,000 over violations of the anti-money laundering law in the period 2008 until 2015. An AML audit in the ...

Britain plans to spend a million pounds ($1.37 million) on a proposed electric Extreme E off-road race in the Outer Hebrides next year, the series said on Wednesday. Finance minister Rishi ...

Nvidia (NVDA.O) suffered a setback on Wednesday as EU antitrust regulators opened a full-scale investigation into its $54 billion bid for British chip designer ARM on concerns the deal could ...

The total amount of non-performing loans (NPLs) decreased by approximately €8 million in July over the previous month. This has resulted in a reduction of the NPLs index to 17.4 per cent ...