Economy
Economy
Greece Becomes a European Hub for Liquefied Natural Gas
Greece is becoming a European hub of liquefied natural gas (LNG) as demand grows in the wake of the war in Ukraine, PM Kyriakos Mitsotakis told an international conference on LNG held in Athens on Wednesday.
Mitsotakis presented the new infrastructures...
Economy
World’s Wealthiest Female Billionaires in 2022
The world’s wealthiest female billionaires are quite diverse. Some were born into wealthy families, while others produced their own fortunes.
The "Forbes List of Billionaires" and the "Bloomberg Billionaire Index" each provide regular insights into who the five hundred most...
Economy
Airplane Mode While Flying Abolished in Europe
Dying to make a phone call while flying? Well, you'll be able to do so as of June 30, 2023. The European Commission intends to abolish airplane mode. From that moment on, passengers traveling within the European Union can...
Economy
How to Apply for a Digital Nomad Visa in Greece
The Greek Digital Nomad Visa was initially unveiled by the Greek government in the summer of 2021 and allows remote workers and online entrepreneurs to live and work in Greece for up to twenty-four months.
According to the government, Greece...
Economy
Meta Denies CEO Mark Zuckerberg to Resign
Meta officials have denied rumors that billionaire Mark Zuckerberg plans to resign as CEO of the company he built from the ground up.
A communications official for the company tweeted on Tuesday: "This is false."
Rumors of Meta CEO Mark Zuckerberg’s...
Business
Elon Musk Loses $100 Billion in Net Worth as Tesla Stock Prices Plummet
Elon Musk has just been struck by a staggering loss of $100 billion due to the plummeting price of Tesla stocks.
The Fortune Five Hundred billionaire still remains at the top of the global list for wealth. This is in...
Economy
The Rise of Quiet Quitting
There's a new trend in town that is shaking up both the workforce and the workplace. Some, such as Forbes, have declared it “the next phase of the great resignation.” Others like Business Insider, say “the era...is already over.”...
Economy
Greece Growth Rate to Drop Dramatically in 2023
Greece unveiled its 2023 budget in Parliament which foresees a significant drop in growth rate that will reach 1.8 percent from the estimated 5.6 percent of the current year.
The budget is the first Greece has posted in twelve years...
Economy
Inflation in Greece Eases as It Hits Record 10.6 % High in Eurozone
Inflation in the Eurozone areas hit a record high of 10.6 percent in October, up from 9.9 percent in September, according to the data released by Eurostat on Thursday. A year earlier, the rate was 4.1 percent.
This represents the...
Economy
Amazon: Thousands of Layoffs Reported to Start This Week
First Twitter, then Meta, and now apparently Amazon. According to the news that broke out today, the multinational technology company is now reportedly planning to lay off thousands of employees beginning sometime this week.
It is the fall of the...
Business
J.P Morgan Expands Presence in Athens, Greece
US investment banking giant J.P Morgan announced on Friday it was setting up a new office in Athens, Greece for a Payments Innovation Lab.
The Lab will provide research and development to the bank’s global payments business, including working with...
Economy
Cheap Airfares Aren’t Coming Back, Airline Executives Say
With travel demand at its highest and supply struggling to keep up, airfares have skyrocketed, leading to massive revenues for airlines, and it looks like that is not going to change.
Indeed, Airline executives have announced that cheap airfares are...
Economy
Facebook Meta Lays Off 11,000 Employees
The tech industry, like Silicon Valley, was once a major force to be reckoned with. Giants like Meta, Facebook, Instagram, Twitter, and Amazon each ruled over their respective domains. Furthermore, they did so without any signs of ever having...
Economy
Miami’s ‘Wall Street of the South’ Begins Construction
One of the biggest projects in Miami right now and until the end of this decade is the construction of the Waldorf Astoria Residences. A stack of nine glass cubes will constitute the tower set to be the tallest...
Business
Greece World Champion in Improving Business Environment, Report Says
Greece has become the top country in the world in improving its business environment over the last few years, a report by the Economist Intelligence Unit (EIU) found on Monday.
Compared with the fourth quarter of 2019, Greece’s business environment...