Business

Intel Corp is buying Israeli chipmaker Tower Semiconductor (TSEM.TA) for $5.4 billion, the companies said on Tuesday, giving it access to more specialised production as it positions to take advantage ...

Finance Minister Constantinos Petrides on Tuesday said that the performance of the Cypriot economy is a testament to its resilience and positive momentum, while also stressing the importance of reducing ...

The European Commission has announced that it has approved an estimated two million euro Cypriot scheme to support private investments into innovative small and medium-sized enterprises (SMEs), which will contribute ...

Energy Minister Natasa Pilides travelled to Egypt earlier this week to attend the Egypt Petroleum Show (EGYPS) in Cairo, an oil, gas and energy conference in which Cyprus is participating ...

Semiconductor designer Advanced Micro Devices Inc (AMD)(AMD.O) said on Monday it has finalized the purchase of Xilinx Inc (XLNX.O) in a record chip industry deal valued at ...

A Johnson & Johnson (JNJ.N) subsidiary on Monday kicked off a courtroom battle that aims to use the bankruptcy process to resolve tens of thousands of claims that the ...

Tourism in Turkey is set to return to near pre-pandemic levels this year, boosting the crisis-hit economy with the help of a recent currency crash that has made it a ...

Prosecutors began a US corruption trial on Monday by accusing a former Goldman Sachs (GS.N) banker of seeking to make millions of dollars laundering money looted from Malaysia’s 1...

British tax authorities said on Monday they had made their first seizure of non-fungible tokens in a crackdown on suspected criminal activity to hide money. Her Majesty’s Revenue & ...

Opposition parties on Monday stayed unsatisfied with tweaks to a government bill regulating the access to borrowers’ data by companies buying loan portfolios and debt administrators. Although the bill will ...

The government and the opposition traded barbs on Monday over whose fault it is that Cyprus has come under the European Commission’s scrutiny over its VAT policy on primary ...

The owner of another unit that is not affected, has no legitimate interest to file a recourse By George Coucounis The rights of owners of units in commonly owned buildings ...

Business applications continued to increase gradually over the past decade in the United States and spiked in 2020. Despite a slight drop in 2021, business startup statistics from the U.S. Census ...

Are you looking for a personal loan with bad credit? If yes, then you should know that the interest rates are high. In addition, you might also face some problems ...

There has been a worldwide effort to reduce the level of tax avoidance. We believe this effort can to an extent be aided by giving taxpayers some sort of an ...

TechIsland says government needs to ensure startups get investment TechIsland, an NGO representing 137 Cyprus-based technology companies, announced on Thursday that its member company Embio Diagnostics has entered an agreement with ...

Intel Corp on Friday launched a new chip for blockchain applications such as Bitcoin mining and minting NFTs to cash in on the rising usage of cryptocurrencies. The chip will ...

Israel needs to cut red tape in traditional industries so they can boost productivity and catch up with the country’s booming high-tech sector, the head of the Organisation for ...

Saudi Arabia’s Crown Prince Mohammed bin Salman has transferred 4 per cent of Saudi Aramco (2222.SE) shares worth $80 billion to the kingdom’s sovereign wealth fund, the government said on ...

Volkswagen’s (VOWG_p.DE) supercar brand Lamborghini is looking to keep combustion engine vehicles alive beyond the end of the decade, the unit’s Chief Executive Stephan Winkelmann told ...

Billionaire investor George Soros bought nearly 20 million shares of electric truck startup Rivian Automotive Inc (RIVN.O) in the quarter ended Dec. 31, securities filings showed Friday. The 19,835,761 shares, worth about $2 ...

The New York Stock Exchange is withdrawing its mask mandate for fully vaccinated people effective immediately, a source said on Friday, after several large US banks also dropped their mask ...

Canada’s trucker protesters could not have picked a better spot to disrupt the export-driven country’s economy, or the North American auto industry, than the four-lane Ambassador Bridge between ...

Some 363 unemployed people showed up for job interviews at the Alexander The Great hotel in Paphos, the local hoteliers association head Thanos Michaelides said on Saturday, as the local industry ...