Companies - Page 9

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

S&P improves Bank of Cyprus ratings

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

7th September 2022

Companies/Cyprus

Facebook losing popularity in Europe

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

6th September 2022

Companies/Life & Society/Markets/World

When life gives you lemons…

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

25th August 2022

Companies/Cyprus/Life & Society