Hellenic Bank saw its profits increase in the first half of 2022 to €55.4 mln, from €21 mln in the same period last year, reducing its non-performing loans further, and sticking to
A fresh attempt by US private equity firm Lone Star at a fourth takeover bid for Bank of Cyprus will also be shot down by the institution’s shareholders and the island’s financial
Over the years, tech giant Amazon has acquired or invested in more than a hundred companies, helping diversify its core revenue and moving deeper into several sectors. After the company announced it’s
Tesla’s (NASDAQ: TSLA) reign as the leading global electric vehicle manufacturer is reflected in the company’s other related segments, such as supercharger stations. Notably, the company has recorded increased installation of supercharger
Apple’s gross margin declined to 35.9% in the third quarter of 2022, marking a significant drop from the company’s 43.8% gross margin in the previous quarter, market data has shown. Gross margin
S&P Global Ratings raised its long-term issuer credit rating on Bank of Cyprus to BB- from B+, citing improvements in its asset quality and easing of economic risks. The upgrade of the
While Facebook’s active user base continues growing on a global scale, the world’s largest social networking platform seems to be losing ground in the European market where monthly active users plunged by
Cyprus airports operator Hermes has initiated a sustainability programme by selling lemonade picked from the trees at Larnaca and Paphos airports, using the funds to support three local initiatives. Staff at both
At a time when Cyprus is positioning itself on the world map as one of the fastest-growing destinations for companies specialising in technology, research and innovation, Cypriot company Point Nine supports this
Bank of Cyprus has rejected a triple takeover bid by Texas-based investment fund Lone Star, with the last offer valuing the deal at €727.25 mln, almost 50% above the bank’s current market
