Business

Tesla informed its employees that it is cutting over 10 percent of its worldwide staff, according to a memo obtained by Reuters on Monday. This decision comes as Tesla faces challenges such as declining sales and increased competition in...

At the 2024 Food Expo in Athens, hundreds of Greek olive oil company representatives joined other food and drink professionals to exhibit products and connect with buyers. They also talked with Greek Liquid Gold about the Expo’s usefulness, their companies’...

Greek and EU authorities are investigating allegations of fraud linked to the way €2.5 billion in EU funds has been awarded to just 10 companies in Greece, Politico revealed earlier this week. The funds are related to the EU Recovery...

Technology giants, such as Amazon, Google, Digital Realty, and Microsoft have strengthened their presence in Greece in 2023 by investing in data centers, making the country a hub of innovation. Investments in Greece are driven by the strategic geographical position...

There are 10 Greeks named in the Forbes' World Billionaires list for 2024, a year that has seen more billionaires than ever the magazine says. According to Forbes, there are 2,781 billionaires in the world, 141 more than last year...

Ronald Wayne, a co-founder of Apple made perhaps the worst business decision of recent times by selling 10 percent of his shares for a mere $800 in 1990. A year later, he accepted a final $1,500 (equivalent to $8,000 in...

Australian mining magnate Clive Palmer, who has been pitching the idea of building a 'Titanic II' since 2012, a hundred years since the original ship sank, has recently reaffirmed his commitment to the project, saying it will be an...

On Wednesday, Amazon announced it is investing an additional $2.75 billion in Anthropic, bringing its total investment in the artificial intelligence startup to a jaw-dropping $4 billion. Anthropic is a leading AI company that has been focused for years on...

Greek wines are steadily commanding higher prices in overseas markets, underscoring the increasingly premium quality of the country’s vintages and helping to support the overall value of Greek exports. Last year, the price of Greek wine increased between 3.6 percent...

Greece has climbed 28 spots to the top of a list of 10 countries making the fastest progress in improving business environment, according to an Economist Intelligence Unit (EIU) report released on Wednesday. Plowing ahead of Argentina and India, which...

Greece is considering restricting Airbnb-type rental for properties that will be acquired through the Golden Visa program to tackle the severe shortage of properties for long-term rental in Athens and elsewhere. Although the final decisions have not yet been taken,...

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...

One in five alcoholic beverages consumed in Greece is adulterated and contraband, which is twice the world average, the Association of Alcoholic Beverage Companies (ENEAP) said on Wednesday. Adulterated alcoholic beverages are legal alcoholic products that have been illicitly tampered...

The existence of deposits of scarce metals germanium and gallium in Greece was confirmed by exploration company Rockfire Resources last summer after its drill at Molaoi in the Peloponnese. The London-listed metal exploration company says that the discovered high-grade germanium...

Bitcoin prices hit a new record high of above $71,000 in early trading on Monday continuing its stunning rally in 2024. It later dropped to just above $65,000. Since January Bitcoin prices have rallied more than 67 percent. The jump...