#BusinessPick

Germany has long benefited from an era of cheap money that fuelled a decade-long boom in real estate, but now the sector is grappling with a major turn of fortune. ...

Limassol port management company DP World Limassol on Tuesday announced that it has acquired new equipment, in an ongoing effort to enhance operations and increase productivity at the Multi-Purpose Terminal ...

The Central Bank of Cyprus on Tuesday announced that in July 2023, a total of 36 bounced cheques amounting to €112,717 were issued, contributing to the addition of 18 entities (11 legal and 7 natural persons) ...

Vehicle registrations in Cyprus witnessed an extraordinary surge during the first seven months of the year, with a notable 27.9 per cent increase in overall registrations between January to July 2023. The ...

Payments giant PayPal (PYPL.O) said on Monday it has launched a US dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers. ...

German inflation eased in July, the federal statistics office said on Tuesday, confirming preliminary data. German consumer prices, harmonised to compare with other European Union countries, increased by 6.5 per cent ...

Energame, the newly founded company, is dynamically entering the map of the technology ecosystem in Cyprus with an ambitious plan that aims to unite 30 years of know-how, investment opportunities, assets ...

British retailers suffered from heavy rain in July on top of the impact of high inflation with sales growth dropping to an 11-month low, a survey showed on Tuesday. The ...

Worldcoin has no problem attracting eyeballs. More than 2.2 million people have signed up, getting their irises scanned in exchange for a digital ID and, in some countries, free crypto. The ...

The Cyprus Association for the Protection of Borrowers (Syprodat) this week said that a commercial bank is moving forward with the auction of a 72-year-old retiree’s primary residence, valued ...

Tesla (TSLA.O) finance chief Zachary Kirkhorn has stepped down, surprising analysts who considered the company veteran of 13 years as a possible successor to CEO Elon Musk. The world’s ...

If medieval advances in the plough didn’t lift Europe’s peasants out of poverty, it was largely because their rulers took the wealth generated by the new gains in ...

In a bid to strengthen their existing partnership and foster collaboration in various areas of mutual interest, the Cyprus Shipping Chamber and the University of Cyprus recently signed a cooperation ...

British employers reduced the number of new permanent staff they hired through recruitment agencies by the most since mid 2020 last month due to concerns about the economic outlook, adding to ...

The population of Cyprus saw a significant increase of 9.9 per cent during the decade from 2011 to 2021, as revealed by the preliminary results of the 2021 population and housing census, which was ...

Saudi Arabian state oil giant Aramco (2222.SE) on Monday reported a near 38 per cent drop in second-quarter net profit reflecting lower oil prices and thinner margins in refining and chemicals. ...

Turkey plans to impose a quota on imports of unprocessed gold in order to reduce the negative impact on the current account balance, according to a source familiar with the ...

British house prices fell in July for a fourth month and the slide looks set to extend into 2024, but the market showed some signs of resilience despite a rise in ...

Oil prices hovered near their highest levels since mid-April after top producers Saudi Arabia and Russia pledged to extend supply cuts through September, further tightening supplies. Prices have seen a ...

Around 80 per cent of Hong Kong-based investment banking staff at Credit Suisse will be made redundant starting this week, two people with knowledge of the matter said, as part of ...

Environmental, Social and Governance has become the primary concern for the vast majority of company leaders in Cyprus and implementing it will contribute to long-term economic progress Understanding Environmental, Social ...

The lightning-fast collapse of Silicon Valley Bank this spring laid bare an inconvenient truth: Some US banks are not prepared to borrow from the Federal Reserve if they need to, ...

Kraft Heinz (KHC.O) missed quarterly sales estimates last week as inflation-hit customers bought fewer packaged meals and condiments, discouraged by higher product prices. Shares of the Jell-O maker were ...

Yum Brands (YUM.N) topped market estimates for quarterly results last week, as cheaper meals and promotional offers at its KFC restaurants boosted demand and overshadowed lackluster traffic at Taco ...