#business

Global hedge funds last week dumped the so-called Magnificent Seven megacap stocks, bringing their exposure to the group to a two-year low just ahead of their earnings, according to a ...

US multinational companies are extending their currency hedges to longer periods to shield their cash flows from potential exchange rate volatility triggered by the Trump administration’s tariff policies. The ...

Alphabet’s Google (GOOGL.O) needs strong measures imposed on it to prevent it from using its artificial intelligence products to extend its dominance in online search, a US Department ...

Tesla investors will be eager to ask CEO Elon Musk two pressing questions when the electric vehicle maker reports results on Tuesday: when will the affordable vehicle launch, and is ...

Saudi oil giant Aramco signed a joint development agreement with Chinese electric vehicle (EV) manufacturer BYD to explore collaboration in the development of new energy vehicle technologies, Aramco said on ...

Gulf issuers, including Saudi Arabia’s $925 billion sovereign wealth fund, are working on a round of bond offerings, according to sources, braving debt markets despite recent turmoil ignited by US ...

Turkey’s daily natural gas production at its flagship Sakarya field in the Black Sea has reached around 9.5 million cubic metres, Energy Minister Alparslan Bayraktar said, as the country ramps ...

Property values in London’s Canary Wharf financial district were roughly stable at about 6.8 billion pounds ($9 billion) last year, after declining by 15 per cent in 2023 after the pandemic drove down ...

The CEO of OVHCloud (OVH.PA), a leading European data centre provider that operates 43 facilities across four continents, said that global trade tensions were making European companies rethink their choice ...

EU-funded researchers have developed adaptable robots that could transform the way we recycle electronic waste, benefiting both the environment and the economy. By Kaja Šeruga Just outside the historic German ...

By George M. Georgiou “By spending more on defence, we will deliver the stability that underpins economic growth, and will unlock prosperity through new jobs, skills and opportunity across the ...

Swiss industrial group ABB (ABBN.S) has announced plans to spin off its robotics division in the biggest shake up at the company since it sold its power grids business ...

British lenders expect to see demand for mortgages level off in the months ahead after they reported an increase in early 2025, a Bank of England survey has shown. The measure ...

Here are the top business stories in Cyprus from the week starting April 14: Despite facing persistent structural challenges, the Cypriot manufacturing industry continues to demonstrate remarkable resilience in the face ...

OpenAI has launched its new AI model GPT-4.1, along with smaller versions GPT-4.1 mini and GPT-4.1 nano, touting major improvements in coding, instruction following, and long context comprehension. The new ...

Apple (AAPL.O) took the top spot for global smartphone sales in the first quarter on the back of the iPhone 16e’s launch and strong demand in countries such ...

A steep drop in crude oil prices largely due to US President Donald Trump’s tariffs will squeeze budgets of emerging market oil exporters, analysts said, while the potential economic ...

Nvidia has said that it is planning to build AI servers worth as much as $500 billion in the US over the next four years with help from partners such as ...

In 2024 Cyprus banks continued to amass very large profits. However, their self-serving behaviour, particularly in conduct of interest rate and lending policies, has meant that banks fell far short in ...

The Paphos regional tourism board (Etap) this week said that its digital tourism campaign is exceeding expectations, with the organisation reporting that its goals have already been significantly surpassed. According ...

Meta Platforms (META.O) said this week it would use interactions that users have with its AI, as well as public posts and comments shared by adults across its platforms, ...

South Korea announced this week an increase in its support package for the country’s vital semiconductor industry to 33 trillion won ($23.25 billion), up about a quarter from a 26 trillion won ...

Asking prices for housing on sale in Britain this month are 1.3 per cent higher than a year earlier, despite the end of a tax break, pushing the average price above ...

The Russian rouble strengthened past 81 to the US dollar, supported by rising oil prices, reaching its highest level since June 28, 2024. At 0900 GMT the rouble was up 1.5 per cent 80.90 to the ...