A yellow weather warning is in place on Wednesday for high temperatures, in effect from 11am until 4pm. The day will be sunny and windy with some low clouds at times and a chance of isolated mountain rains. Temperatures will rise to 40C in the interior, 32C on the west and southwest coasts, 34C on […]
Dealmaking activity in the oil and gas industry increased 57 per cent last year as energy companies boosted development spending, driven by higher cash flows from profits in prior years, according to a report released on Tuesday. Top energy companies spent $49.2 billion on mergers and acquisitions in 2023, up from $31.4 billion in 2022, […]
General Motors (GM.N) said Monday it is laying off more than 1,000 salaried employees at its software and service units worldwide. GM, confirming the layoffs initially reported by CNBC, said in a statement that “as we build GM’s future, we must simplify for speed and excellence, make bold choices, and prioritize the investments that will […]
Should Cyprus’ Costas Kadis be confirmed as EU commissioner, he’d receive a generous financial package that includes a host of perks including hotel room service. It transpired on Monday that Nicosia has nominated Kadis – a former minister – for one of the posts of the 26 EU commissioners. Media reports suggest the College of Commissioners, as […]
However, taxpayer can’t be saddled with cost It is good to see that the government has drawn the right lessons from the Larnaca port and marina fiasco. It has abandoned the grandiose plans of making the development part of a single project, that also included a residential development and had an estimated cost well above […]
