#business

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 ...

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 ...

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 ...

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 ...

The assets of investment organisations in Cyprus increased by 0.9 per cent during the second quarter of 2024, according to a report released on Friday by the Central Bank of Cyprus (CBC). ...

A unique IP-building framework aims to revolutionise the entertainment industry Mad Crusader, a Cyprus-based game intellectual property (IP) incubator, this week announced that it is accepting enrollment applications for the ...

British retail sales edged up in July, boosted in part by extra spending due to the men’s Euros soccer championship, official figures showed on Friday, after an unusually cool ...

The dollar hovered not far from a two-week high to the yen on Friday after its biggest one-day gain against major peers in four weeks as firm US economic data ...

Oil prices were set for a second straight week of gains despite edging lower on Friday, as recent US economic data boosted optimism about demand from the world’s top ...

The number of companies that set up base in Abu Dhabi’s financial centre ADGM increased by 31 per cent in the first half of the year as the likes of ...

Starbucks (SBUX.O) tapped Chipotle Mexican Grill’s (CMG.N) head Brian Niccol earlier this week to lead the coffee giant known for its pricey lattes amid pressure from activist ...

Paramount Global (PARA.O) has begun laying off 15 per cent of its workforce in the United States, starting Tuesday, as part of its planned job cuts, the media giant said ...

On Holding beat analysts’ estimates for second-quarter revenue this week on strong demand for its shoes and apparel from customers looking for trendy products, but shares fell about 3 per cent ...

AI PCs accounted for 14 per cent of all personal computers shipped in the second quarter with Apple (AAPL.O) leading the way, according to research firm Canalys, as added artificial ...

Global sales of fully electric and plug-in hybrid vehicles rose by a yearly 21 per cent in July, thanks to China’s strongest growth this year and despite dropping demand in ...

Danish brewer Carlsberg (CARLb.CO) this week lifted its full-year organic growth outlook despite posting weaker-than-expected sales for the second quarter. The company said it now expects full year organic ...

German investor morale darkened more than expected in August, posting its strongest decline in two years, the ZEW economic research institute said this week. The economic sentiment index fell to 19.2 ...