#business

South Korean artificial intelligence chip makers Rebellions Inc and Sapeon Korea Inc have signed a definitive merger agreement, the privately held companies announced. They announced merger negotiations in June. The ...

The Cyprus Stock Exchange (CSE) has announced the suspension of trading for several listed companies on both the Regulated Market and the Emerging Companies Market, due to their failure to ...

A total of 551,229 tourists visited Cyprus in July 2024, marking a rise of 5.3 per cent from the 523,718 visitors recorded in the same month last year, according to a report released on ...

The Frederick Research Center, in collaboration with the Cyprus Energy Regulatory Authority (CERA) and Electi Consulting Ltd, is developing an online platform for managing green energy usage at ports. According ...

Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 months to 20 per cent from 25 per cent following the latest weekly jobless claims ...

The Bank of Cyprus on Monday announced that it will hold an extraordinary general meeting (EGM) on September 13 to approve its listing on the Athens Stock Exchange (ASE) and to ...

A total of 6.6 million passengers travelled through Cyprus’ airports between January and July this year, according to airport operator Hermes Airports. In addition, the company said that it expects the ...

Cargo ships and cruise liners may soon be harnessing the power of wind and waves to reduce their carbon emissions thanks to EU-funded researchers. By Tom Cassauwers In August 2023, a ...

Egyptian Mohannad Abdelazeem, 35, doesn’t drink alcohol. But he does consume three or four cans per day of Moussy and Fayrouz – alcohol-free beers. Brewers including Carlsberg and Anheuser-Busch InBev (ABI....

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 ...