Business

Bitcoin was close to nine-month highs on Monday and had its best week in four years as the global banking crisis drives some investors to turn to digital assets. The biggest cryptocurrency by market value hit its highest since June...

Credit Suisse has accepted a takeover offer of over $2 billion by UBS, in a historic government-brokered rescue deal.

Innovative precision farming system Augmenta, developed by two Greek engineers, was taken over by multinational corporation CNH Industrial.

Greece will raise the minimum wage from April 1 for a third time, Prime Minister Kyriakos Mitsotakis said on Friday, as high inflation takes a toll on household incomes. “I am under no illusions. I know that wages in our...

A group of big American banks has injected $30bn into a smaller regional bank, First Republic, to avert the crisis in the sector. The move came as authorities in the US are trying to quell panic over the health of...

The Hellenic Initiative Canada joined nine foundations in Greece to support innovative small-scale initiatives by start-ups and non-profit organizations. The grants will be awarded to organizations whose initiatives can have a significant social impact for the benefit of society, the...

The shares of Greek banks took a hit on Wednesday following fears of a global meltdown after the troubles of banking giant Credit Suisse. Piraeus Bank and Alpha Bank closed with losses of 10.98 percent and 10.39 percent respectively, with...

Banking giant Credit Suisse secured a deal on Wednesday to borrow up to $54bn from the Swiss Central Bank to shore up its finances as authorities try to avert a global financial meltdown. Shares in Credit Suisse fell 24 percent...

The news leaked out, creating a wave that will soon become a tsunami with new layoffs and a change in the existing setting, but also an upheaval of future plans since Zuckerberg abandoned Metaverse. Will there be a Press Release for...

Stock markets are in turmoil with banking shares falling sharply on Wednesday as investors remain nervous following the collapse of Silicon Valley Bank (SVB) in the US last week. The failure of SVB has raised fears that other banks could...

Meta Platform will cut another 10,000 jobs as the tech sector prepares for a sharp economic decline. Facebook's parent company announced Tuesday that recruiting teams and tech groups would reduce in late April, then business groups in late May. Meta is...

Pharmaceutical giant Pfizer Inc. (PFE.N) has announced its intention to acquire Seagen Inc. (SGEN.O) in a $43 billion deal. The acquisition is aimed at reinforcing Pfizer's portfolio of targeted cancer therapies in the face of an expected decline in sales...

Tim J. Mayopoulos, a Greek-American banker, was appointed by the U.S. Federal Deposit Insurance Corporation as the new boss of Silicon Valley Bank (SVB) which collapsed last week. Mayopoulos was named CEO of the newly created entity, named Silicon Valley...

The US government has said that people and businesses who have money deposited with failed US bank Silicon Valley Bank (SVB) will be able to access all their cash from Monday. A statement from the US Treasury, the Federal Reserve...

Princeton University has published a new study highlighting 20 occupations most at risk of becoming redundant thanks to advancements in Artificial Intelligence (AI). The study revealed that call center operators are the most at risk of losing their jobs,...