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Category: Business

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Maersk warns oversupply to hit profits and plays down Red Sea boost

Maersk MAERSKb.CO warned on Thursday that container shipping overcapacity would hit profits more than expected this year and that it…

Spain’s high court suspends $209 mln fines on Apple, Amazon amid appeal

Spain’s high court suspended 194 million euros ($209 million) in fines imposed on Amazon AMZN.O and Apple AAPL.O by the…

Cigarette giant BAT makes move on US heated tobacco market

British American Tobacco BATS.L submitted an application to make certain health claims about its Glo Hyper Pro device in the…

Royal Caribbean Group seeks Cypriot employees

After registering its ship in the Cypriot registry, operating its first European office in Limassol, and commencing cruises from Limassol…

Apple beats AliveCor lawsuit over heart-rate apps for Apple Watch

Apple AAPL.O persuaded a federal judge to dismiss a lawsuit by a Silicon Valley startup accusing it of illegally monopolizing…

Cryptoverse: DeFi dream is still alive

Decentralized finance – DeFi – is getting a second wind. The amount of money deposited in this breed of crypto…

When Amazon’s new AI tool answers shoppers’ queries, who benefits?

Amazon.com AMZN.O has begun rolling out a new artificial intelligence assistant that is meant to address shoppers’ product questions, but…

Eisai expects 1,500 Alzheimer’s patients in China launch, sees ‘huge’ growth

Japan’s Eisai 4523.T aims to roll out its groundbreaking Alzheimer’s drug Leqembi to 1,500 people in China later this year,…

Bank of Cyprus returns €2.2M to loyal mortgage borrowers

Overall, the Bank of Cyprus returned €2.2 million to consistent mortgage borrowers, implementing the reward plan it had announced. Specifically,…

Cyprus Chamber of Commerce and Bank Association reach preliminary agreement

The Cyprus Chamber of Commerce (CCC) and the Bank Association concluded a preliminary agreement for collaboration towards implementing joint actions…

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  • PwC Cyprus Foundation supports financial education and the entrepreneurial journey of young people
  • Cyprus taxi drivers block Limassol roads in protest, threaten airport action (photos)
  • Cyprus operates with only two firefighting aircraft as authorities warn of severe wildfire risk
  • On this day: Vladimir Putin was elected President of Russia in 2000
  • Ukraine-Russia Black Sea deal includes conditions on sanctions relief
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