Business

By Branko Milanovic Almost never are witnesses to historical events aware they are observing or participating in a history-changing event. Often, the very protagonists of the historical events are unaware ...

JPMorgan Chase (JPM.N) has posted record annual profit as its dealmakers and traders reaped a windfall from rebounding markets in the fourth quarter. The banking giant was buoyed by ...

While “U.S. exceptionalism” has undoubtedly helped drive Wall Street’s record-busting returns in recent years, it should not be confused with isolationism. The fourth-quarter U.S. earnings season that ...

BlackRock’s (BLK.N) assets hit a record high $11.6 trillion in the fourth quarter of last year as the world’s largest money manager posted a 21 per cent profit jump, ...

British house prices rose at their fastest annual pace in almost two years in November, adding to signs of resilience in the property market despite high borrowing costs, according to ...

Chipmaker Intel Corp (INTC.O) has announced that it will separate its venture capital and investment arm, Intel Capital, into a standalone company, to focus on enhancing efficiency across the ...

Saudi Arabia’s annual inflation rate fell slightly to 1.9 per cent in December from 2 per cent in November, according to government data. Inflation in Saudi Arabia has hovered between 1.5 per ...

Here are the top business stories in Cyprus from the week starting January 13: The need for enhanced collaboration between public authorities and private enterprises was emphasised during the recently held ‘...

High government spending and a growing need among big economies – from the United States to Britain and France – to tap bond markets to fund their outlays have shot up the ...

Generative artificial intelligence bellwether OpenAI said this week that it is introducing a beta feature called Tasks to ChatGPT, signaling the company’s foray into the virtual assistant space, competing ...

US producer prices rose less than expected in December as higher costs for goods were partially offset by stable services prices, suggesting inflation remained on a downward trend. The moderation ...

Israeli high tech companies overcame a year of war and likely raised more than $12 billion in 2024, up 31 per cent from 2023, led by cyber security funding and investments in more established ...

Eurobank’s acquisition of Hellenic Bank is expected to conclude by the end of May, paving the way for the legal and operational merger with Eurobank Cyprus. The latest update ...

The European Commission said it was assessing its cases against Apple (AAPL.O), Alphabet (GOOGL.O), X and Meta (META.O), stressing that President-elect Donald Trump’s return to the ...

Microsoft (MSFT.O) is planning to halt hiring in part of its consulting business in the US in a bid to cut costs, CNBC reported this week, citing an internal ...

Demand for global equity funds declined sharply in the week through Jan. 15, as US Treasury yields rose and expectations for the Federal Reserve’s interest rate cuts fell following a ...

Around one in six British companies cut hiring late last year, the highest share since early 2021, according to a survey that showed firms felt pressure to raise prices due to ...

Finland’s Nokia (NOKIA.HE) has announced that it has signed a multi-year patent license agreement with Samsung (005930.KS) for the use of Nokia’s video technologies in the South ...

US small-business confidence surged to the highest level in just over six years in December, extending post election gains. The National Federation of Independent Business said this week that its ...

Boeing (BA.N) expects to reach a balance between supply and market demand for passenger jets by the end of the decade, an executive said this week. “From my perspective ...

Tourist arrivals in 2024 surpassed 4 million for the first time, breaking the previous record of 3,976,777 set in 2019. Deputy Tourism Minister Kostas Koumis hailed the milestone as a historic achievement, accompanied by ...

Harmonised inflation in Cyprus increased by 2.3 per cent in 2024 compared to 2023, according to a report released this week from the state’s statistical service. The category of restaurants and hotels ...

The Deputy Ministry of Tourism on Friday announced the second call for proposals under its €3 million grant scheme to boost tourism across Cyprus. The scheme aims to support the modernisation ...

The environmental authority has approved the €60 million American Medical Centre Limassol / American Heart Institute project, according to an announcement released on Friday. “The approval by the Environmental Authority lays the ...