Business

Bitcoin (BTC) drove MicroStrategy’s stock prices to new heights as it briefly touched $800. MicroStrategy’s growth led to many predictions that the corporation could join the most profitable US ...

Here are the top business stories in Cyprus from the week starting February 19: On Monday, the Bank of Cyprus unveiled its financial results for the fiscal year ending December 31, 2023, which ...

Nestle (NESN.S) reported full-year organic sales growth slightly below expectations on Thursday as the world’s biggest packaged food company continued to hike prices, prompting some shoppers to turn ...

Edible electronics are being developed to assist rescue operations and go inside hospital patients, setting the stage for all-consuming tech to become consumable. By Anthony King Professor Dario Floreano is ...

Microsoft-backed (MSFT.O) OpenAI has completed a deal that values the artificial intelligence company at $80 billion or more, the New York Times reported on Friday, citing people with knowledge of ...

The US government is awarding $1.5 billion to GlobalFoundries (GFS.O) to subsidize semiconductor production, the first major award from a $39 billion fund approved by Congress in 2022 to bolster domestic chip ...

Investment banks Goldman Sachs (GS.N) and Macquarie (MQG.AX) as well as some hedge funds are positioning themselves to reap the benefits of a newly buoyant uranium sector as ...

Cyprus’ tourism ministry this week unveiled an incentive plan aimed at the qualitative and aesthetic improvement of beaches for the year 2024, with local authorities being the beneficiaries. In an official ...

By Miranda Xafa The public debate on the recent Greek debt crisis is characterized by inaccuracies and misconceptions that draw the wrong conclusions. Nikos Garganas’ book points out many of ...

GlobCom Company, in partnership with SEGULA Technologies, announced this week that it has started trials for Mercedes-Benz vehicles’ ADAS/AD sensory equipment on Cyprus public roads from February 12 to March 25, 2024. ...

Labour Minister Yiannis Panayiotou this week highlighted the importance of a collaborative approach to economic development between the government and the business community, noting that rational and balanced policies can ...

US software giant Microsoft (MSFT.O) will expand its artificial intelligence (AI) and cloud infrastructure in Spain through an investment of $2.1 billion in the next two years, the company’s ...

Nintendo (7974.T) shares fell 6 per cent earlier this week after reports by games media and Bloomberg that its next-generation console will be delayed until early 2025 from later this year. While ...

Despite a record number of visitors last year, there is a growing gap between the number of arrivals to Cyprus and occupancy levels, due both to tourists going to stay ...

Warner Bros Discovery (WBD.O) reported a bigger-than-expected quarterly loss on Friday, as the media conglomerate battled a weak advertising market and the fallout of the twin Hollywood strikes on ...

The Cyprus Stock Exchange (CSE) on Friday announced that it has become a member of the EuroCTP consortium, a collaborative initiative involving several European exchanges. EuroCTP, established in August 2023, aims ...

Turkish energy company Aksa made $1 billion (€924 million) in profit in Cyprus since 2000, Cyprus Turkish Chamber of Mechanical Engineers chairman Ayer Yarkiner claimed on Friday. Yarkiner at a joint press conference ...

The Head of Deloitte Academy, Christina Themistocleous, embarked on a journey to Nairobi, Kenya, driven by the aspiration to offer voluntary assistance to students and aid them in realising their ...

As the current bull run slows down, investors are looking for projects to take their returns to the next level. According to current market trends, Stacks, Fetch.ai and Meme ...

Cypriot real estate market analytics firm Ask Wire on Friday released a report on the ten most expensive property transactions completed in Cyprus during January 2024. The report also provided additional ...

TLDR Bitcoin (BTC) ETFs witnessed a surge in demand, attracting a record $2.4 billion out of the $2.45 billion entering digital asset investment products. Newly approved U.S.-based ETFs like Fidelity’...

Hellenic Bank on Friday released its preliminary group financial results for 2023, posting a full-year profit of €365.4 million, while profit for the fourth quarter alone stood at €124.8 million. Commenting on the ...

The Cyprus Chamber of Commerce and Industry (Keve) this week hosted a meeting with a number of foreign ambassadors, focusing on the symbiotic relationship between technology, innovation, and sustainable economic ...

According to a recent announcement from the Uniswap (UNI) Foundation, the official deployment of the Uniswap v4 protocol now has an official date set to be deployed after the upcoming ...