Business

Samsung Electronics Co Ltd (005930.KS) reported a likely 96 per cent plunge in second-quarter operating profit on Friday, largely in line with forecasts, as an ongoing chip glut drives large losses ...

US chipmaker Broadcom (AVGO.O) will invest in a European Union-funded programme to develop a semiconductor industry in Spain, Chief Executive Charlie Kawwas said late on Thursday. “Excited to announce ...

By Maria Demertzis The increasing interest in geoeconomics reflects a shift from designing economic policy based only on economic principles and objectives, to economic statecraft policies that aim to promote ...

Restaurants of fast food chain McDonald’s have dropped tomatoes from their burgers and wraps in many parts of India, hit by supply shortages and quality concerns after prices of ...

Within the DeFi market, meme coins have established themselves as a reliable avenue for investors to make substantial profits. This is evident in the remarkable success of leading meme coins, ...

The InQubeta (QUBE) project continues to exceed projections with over $900,000 worth of tokens sold early on. Chainlink (LINK) has also enjoyed price increases recently thanks to the solutions it provides ...

Here are the top business stories in Cyprus from the week starting July 3: Cyprus’ tourism revenue reached €217.6 million in April 2023, compared to €185.1 million in the same month of the previous ...

While the industry consumes lots of trees and produces plenty of waste, grass packaging and new construction materials point toward a more sustainable path. By Tom Cassauwers Switzerland is renowned ...

The metaverse, shared virtual worlds accessible through the internet, has not triggered any concerns so far or the need for legislation to rein it in, EU antitrust chief Margrethe Vestager ...

Apecoin launched in 2022 and was an instant success because of the token’s affiliation with the Bored Ape Yacht Club (BAYC). However, Apecoin’s overreliance on the NFT community may, ...

Diversification is critical to managing risk and maximizing potential returns in the cryptocurrency market. While established cryptocurrencies like Bitcoin and Ethereum have their place, exploring other digital assets can uncover ...

ChatGPT, the wildly popular AI chatbot launched in November, saw monthly traffic to its website and unique visitors decline for the first time ever in June, according to analytics firm ...

Energy Minister George Papanastasiou refrained from commenting on Saturday over concerns that EU funding for the EuroAsia Interconnector is at risk due to delays in meeting milestones. Speaking to the ...

Many coins have lost value recently due to the choppy nature of the crypto market. Therefore, investors have started looking for safer and less volatile assets. This has led many ...

In the ever-evolving world of cryptocurrencies, one project has managed to capture the attention of investors. DigiToads (TOADS), with its unique and engaging features, has achieved remarkable success in its ...

InQubeta’s (QUBE) presale success continues while Celsius, a cryptocurrency lender who filed for bankruptcy in 2022, has received the green light to liquidate its crypto holdings to pay off its ...

New corporate loans exceeding €1 million experienced a significant surge, totalling €599.1 million, in May 2023, driving the total amount of all new loans to €1.07 billion, compared to €473.9 million in the previous month. ...

President Nikos Christodoulides this week underscored the government’s commitment to the shipping industry and praised the multifaceted work of the Cyprus Shipping Chamber (CSC) during a formal meeting held ...

Record demand from India sharply increased Airbus (AIR.PA) orders in June to leave the European planemaker with 1,044 net orders in the first half of the year, data showed on ...

US auto safety regulators said on Thursday they are seeking updated responses and current data for an ongoing probe into 830,000 Tesla vehicles and the automaker’s advanced driver assistance system ...

Cyprus experienced a significant decline in inflation during June 2023, reaching its lowest level in the past 25 months, according to a report released this week. The inflation rate was measured at 1.9 ...

Oil prices rose on Friday and were on track for their second straight weekly gain, as resilient demand resulted in a larger-than-expected fall in US oil stockpiles, offsetting fears of ...

Deputy premier Saade Chami said on Friday that deputy governors of Lebanon’s central bank should run it if no governor is appointed by the end of the month, calling ...

The recently published European Innovation Scoreboard 2023 reveals that Cyprus has showcased robust innovation performance, positioning it as a strong innovator and above the European Union (EU) average. The report emphasises ...