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Business

Greek Economy and Investments on the Spotlight at Capital Link Summit

The Greek economy and the inflow of foreign investments will be the central theme of Capital Link's Annual International Summit which will take place in New York on Monday, December 11. The event at the Metropolitan Club will feature top...

Elon Musk’s Outburst at Advertisers Deserting X: ‘Go F*ck Yourself’

Elon Musk in a profanity-laced outburst on Wednesday slammed advertisers that have left X, the social media platform he owns. At an event in New York, he accused companies that have joined an ad boycott of the site formerly known...

Bezos Beats Musk to Mars as NASA Chooses Blue Origin

NASA announced Wednesday that it will send two scientific spacecraft to Mars aboard Jeff Bezos' Blue Origin rocket in August 2024. Musk's SpaceX company was initially set to carry the NASA payload on a Falcon Heavy rocket in October of...

‘Boycott Israel’ Soda Founded by Greek Spiro Spathis Triples Sales in Egypt

A soda brand called Spiro Spathis, after the name of its Greek founder, has seen sales skyrocket after its support for the 'Boycott Israel" consumer movement. Spiro Spathis was founded in 1920 by one of the thousands of Greeks who...

OpenAI’s Sam Altman to Return as CEO Days After He was Fired

OpenAI co-founder Sam Altman will return as CEO just days after he was fired by the board, the firm which is the leading company in the artificial intelligence industry, said. The agreement "in principle" involves a new board being installed,...

Sam Altman Hired by Microsoft After Surprise Firing From OpenAI

In a recent Silicon Valley twist, Sam Altman, the former CEO of OpenAI, is embarking on a new journey with Microsoft. This move comes hot on the heels of Altman's unexpected departure from OpenAI, the brains behind ChatGPT and...

What Is Rhodium, Almost 10 Times the Price of Gold?

The most precious and expensive metal in the world is not gold but a rare and hard metal called rhodium, a name derived from the Greek 'rhodon,' meaning rose-colored. The value of rhodium is far higher than the price of...

The Two Questions Jeff Bezos Asked a Job Applicant

One of Jeff Bezos's former employees at Amazon recently shared the story of her job interview with the company's founder and former CEO. Ann Hiatt, who landed a job interview with the billionaire businessman during the relatively early days...

OpenAI Fires Boss and ChatGTP Pioneer Sam Altman

Sam Altman, the head of artificial intelligence firm OpenAI, has been ousted by the company's board, which said it had lost confidence in his ability to lead the company. The board said Altman had not been "consistently candid with his...

Athens Home Prices Are Surging Faster Than Other European Cities

Home prices in Athens are surging making the Greek capital one of Europe’s hottest housing markets, Bloomberg reports. Home prices in the Greek capital climbed 12.2 percent in October, nearly triple the gains in Stockholm and bucking declines in cities...

When Elon Musk Lost $100 Billion, More than Anyone in History

In November 2022 Elon Musk was struck by a staggering loss of $100 billion due to the plummeting price of Tesla stocks. As a prominent figure in the business world, the substantial financial setback attracted attention and speculation from...

Greece Fines Subsidiaries of U.S. Giants for Breaching Profit Cap

Greece on Wednesday announced fines totaling 1.67 million euros ($1.81 million) on the local branches of two U.S.-based healthcare and consumer products giants for alleged breaches of a profit cap imposed amid Greece's cost-of-living crisis. The Development Ministry said Johnson...

Turkish Airlines Places Massive Order for 355 Airbus Aircraft

Turkish Airlines, the flag carrier of Turkey, and Airbus and have reached “an agreement in principle for a significant commercial aircraft order,” Airbus confirmed Nov. 13 on the sidelines of the Dubai Airshow. The yet-to-be-firmed-up deal is for up to...

Greece Sells Stakes in Two Major Banks

Greece on Monday announced plans to sell a 20 percent stake in the National Bank of Greece (NBG) after concluding the sale of a 9 percent stake in Alpha Bank to UniCredit. The shares in NBG, Greece's second-largest bank by...

Greece Remains the ‘World’s Foremost Shipping Nation’

Greece, which has long been the leading owner/operator of cargo shipping, and now joined by China, it has come to dominate cargo capacity, according to a new analysis from industry trade group BIMCO. BIMCO, one of the largest international shipping...