Business

WeWork plans to file for bankruptcy as early as next week, as the SoftBank Group-backed company struggles with a massive debt pile and hefty losses. Shares of the flexible workspace provider fell 32 percent in extended trading after the Wall...

Little Athens is the name given to the latest residential neighborhood of The Hellinikon, Europe's largest urban regeneration project, south of the Greek capital. LAMDA Development announced that amid significant sales velocity across Hellinikon's residential offerings, Little Athens will bring...

On Friday, Greece completed the sale of the majority package of shares (67 percent) of the Igoumenitsa Port Organization to a joint venture led by the Italian Grimaldi group. The eighty-four million euro deal was hailed by PM Kyriakos Mitsotakis...

A combat pilot turned financial guru reflects on the similarities of flying planes and investing. By John P. Calamos, Sr* I’m often asked how I first became interested in convertible securities. In fact, my background in convertibles actually pre-dates the founding...

China’s presence in Latin America is growing with a new focus on Chinese investments in Colombia. How Chinese investments in Latin America compare with U.S. investments in the region. The U.S. response to this new dynamic. By Josep Freixes Latin...

John Calamos Sr., Chairman and Global CIO of Calamos Investments expressed his concern about government policy in the US and weighed in on the global debate concerning Artificial Intelligence (AI). Speaking to Greek Reporter, Calamos said that he is a...

NASA is on a mission to explore a Greek-named asteroid called 16 Psyche that boasts enough gold to make every person on Earth a billionaire.

Amazon's founder, Jeff Bezos, has set his sights on the sky. On Friday, he sent two test satellites into space as part of his big space project, known as Project Kuiper. Bezos has big plans. He wants to send over...

Foreign direct investment projects in Greece increased by 57 percent in 2022, according to a survey presented earlier in the week in Athens by Ernst & Young (EY), a British multinational professional services partnership headquartered in London. The "Attractiveness Survey...

Greek-Russian businessman Ivan Savvidis is set to buy Volos Port Authority through his Thessaloniki Port Authority company. His company has been chosen as the favored investor for 67 percent of the Volos Port Authority shares. How will Ivan Savvidis purchase...

A deal was struck to develop, construct, and operate the first dedicated liquefied natural gas (LNG) bunkering facility in the US Gulf Coast. Seapath, a maritime subsidiary of Libra Group, and Pilot LNG, LLC (Pilot), a Houston-based clean energy solutions...

Costco, the US retail warehousing giant, has expanded its range of offerings for its members by adding one ounce PAMP Suisse Lady Fortuna Veriscan gold bars to its selection. This addition allows members to purchase gold bars at a bargain...

Amazon's decision to invest up to four billion dollars in the startup and ChatGPT rival, Anthropic, marks a significant move in the competitive landscape of artificial intelligence. Anthropic has developed a competitor to ChatGPT called Claude, and this investment is...

John Koudounis, president and chief executive officer for Calamos Investments told the Concordia Summit taking place in New York that he does not foresee lower interest rates soon. Koudounis spoke at a panel titled "Navigating Investment Landscapes: Capital and Opportunity"...

Turkish President Tayyip Erdogan has invited Elon Musk, the CEO of Tesla, to establish a Tesla factory in Turkey, according to the country's communications directorate on Monday. Musk mentioned that numerous Turkish suppliers are currently collaborating with Tesla, and he...