Business

Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 months to 20 per cent from 25 per cent following the latest weekly jobless claims ...

The Bank of Cyprus on Monday announced that it will hold an extraordinary general meeting (EGM) on September 13 to approve its listing on the Athens Stock Exchange (ASE) and to ...

Cooperative banks are set to make a comeback, with regional meetings to inform the public scheduled for October, during which people will be able to sign up. Learning from the ...

A total of 6.6 million passengers travelled through Cyprus’ airports between January and July this year, according to airport operator Hermes Airports. In addition, the company said that it expects the ...

Co-owners must share the costs of dividing their land according to their share Co-owners should find solutions for the development, division or sale of their property and avoid disputes that ...

Cargo ships and cruise liners may soon be harnessing the power of wind and waves to reduce their carbon emissions thanks to EU-funded researchers. By Tom Cassauwers In August 2023, a ...

Egyptian Mohannad Abdelazeem, 35, doesn’t drink alcohol. But he does consume three or four cans per day of Moussy and Fayrouz – alcohol-free beers. Brewers including Carlsberg and Anheuser-Busch InBev (ABI....

Bitcoin miner Riot Platforms (RIOT.O) has announced it had increased its stake in rival Bitfarms (BITF.TO) to 18.9 per cent. Riot acquired 1 million common shares of Bitfarms on August 13, ...

Cisco Systems (CSCO.O) has announced that it is witnessing rebounding demand for its networking equipment and announced a 7 per cent cut in its global headcount to focus on high-growth ...

British house prices rose by 2.7 per cent in the 12 months to June to an average of 288,000 pounds ($370,000), according to a report from the Office for National Statistics. June’s annual ...

Here are the top business stories in Cyprus from the week starting August 12: A recent study by Freedom24 has shed light on the investment preferences of Cypriots, revealing a strong ...

Toyota may be one of the slowest legacy automakers to develop electric vehicles but it could be the first to jettison cars powered only by gasoline. Almost three decades after ...

British consumer price inflation increased for the first time this year in July, official figures showed this week, but the rise was smaller than expected as services prices – closely watched ...

Google parent Alphabet (GOOGL.O) said this week it was expanding its AI-generated summaries for search queries to six new countries, just two months after it rolled back some capabilities ...

Sahara AI, a startup integrating the blockchain and artificial intelligence, announced that it has raised $43 million in a funding round led by venture capital investors Pantera Capital, Binance Labs and ...

As the world steadily embraces digital advancements, Virtual Currency emerges as a revolutionary force with the potential to transform various sectors, including education. The decentralized nature of Virtual Currency, along ...

Mad Crusader, a Cyprus-based game intellectual property (IP) incubator, this week announced that it is accepting enrollment applications for the second batch of its game IP Incubation Programme, set to ...

China’s Lenovo Group (0992.HK) reported a 20 per cent rise in quarterly revenue this week, as the global personal computer market showed signs of recovery after a two-year slump. For ...

China’s Tencent Holdings (0700.HK) reported an 8 per cent rise in second-quarter revenue earlier this week, driven by a recovery in its gaming business after a launch of a new ...

Swedish games developer Embracer (EMBRACb.ST) reported a 50 per cent drop in first quarter operating profit this week after the owner of the Tomb Raider franchise released fewer games. The ...

Britain’s Revolut has been valued at $45 billion through a secondary share sale to new and existing investors, the financial technology firm said on Friday, cementing its position as one ...

British workers produced 0.1 per cent less per hour worked in the three months to June, compared with their output a year earlier, the Office for National Statistics said this week. ...

On September 26 2024, the city of Limassol will host TEDxMolos Women 2024, an event designed to highlight and celebrate the evolving role of women in leadership. The event, set to take place ...

Hellenic Bank this week announced the launch of a new initiative designed to support first-time homebuyers in Cyprus. The “First-time Homeowners” scheme offers reduced interest rates for the initial three ...