Companies - Page 2

Mastercard investing in Cyprus

Mastercard, the second-largest payment-processing corporation worldwide, are investing in Cypriots’ preference to use plastic money over other payment methods. In an event in Nicosia to present their new Country manager for Greece,

11th December 2022

Business/Companies

Number of merchants using Google Pay up 91%

Google Pay solution, the mobile payments app introduced in 2020, has recorded a 91% increase in the number of merchants using its platform in the last two years, according to a survey by

22nd November 2022

Companies/Markets/World

Cyprus Airways quadruples October passenger traffic

Cyprus Airways said in October it operated 310 flights increasing 169% from last year, carrying 36,991 passengers, up 391% annually, while improving its seat load factor by 24%. “These results are also

16th November 2022

Business/Companies

TikTok is highest-grossing social app with $2.5m daily revenue

Short video-sharing platform TikTok now ranks among the social media apps generating the highest revenue, building on its recent global success. Data suggests that TikTok’s revenue also highlights the app’s position as

27th October 2022

Companies/Life & Society/Markets/World

End of the road for Lone Star bid?

US private equity firm Lone Star seems to have abandoned its interest in local lender Bank of Cyprus and will not be submitting a fourth takeover bid by Friday. LSF XI Investments

27th September 2022

Companies/Cyprus

Hellenic profits rise to €55 mln in H2

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

20th September 2022

Companies/Cyprus

Lone Star deal heads south

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

20th September 2022

Companies/Cyprus

Amazon’s top 10 takeovers worth $33 bln

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

18th September 2022

Companies/Markets/World

Tesla supercharger stations up 34%, near 4,000

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

14th September 2022

Companies/Markets/World

Apple’s gross margin drops to 36% in3Q 2022

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

13th September 2022

Companies/Markets/World

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Companies - Page 2

Mastercard investing in Cyprus

Number of merchants using Google Pay up 91%

Cyprus Airways quadruples October passenger traffic

End of the road for Lone Star bid?

Hellenic profits rise to €55 mln in H2

Lone Star deal heads south

Amazon’s top 10 takeovers worth $33 bln

Tesla supercharger stations up 34%, near 4,000

Apple’s gross margin drops to 36% in3Q 2022

Even Pinnochio couldn’t fix this

State doesn’t take affordable housing seriously

Navigating ‘ridiculous’ new residency rules

Hard sell needed to sway Brussels on shipping

Markets buoyed by debt ceiling deal

Difficult to ban pro-Russia events

House confident of latest VAT homes bid

Cyprus, Greece, Jordan sign defence programme