#business

The US government is awarding $1.5 billion to GlobalFoundries (GFS.O) to subsidize semiconductor production, the first major award from a $39 billion fund approved by Congress in 2022 to bolster domestic chip ...

Cyprus’ tourism ministry this week unveiled an incentive plan aimed at the qualitative and aesthetic improvement of beaches for the year 2024, with local authorities being the beneficiaries. In an official ...

By Miranda Xafa The public debate on the recent Greek debt crisis is characterized by inaccuracies and misconceptions that draw the wrong conclusions. Nikos Garganas’ book points out many of ...

GlobCom Company, in partnership with SEGULA Technologies, announced this week that it has started trials for Mercedes-Benz vehicles’ ADAS/AD sensory equipment on Cyprus public roads from February 12 to March 25, 2024. ...

Labour Minister Yiannis Panayiotou this week highlighted the importance of a collaborative approach to economic development between the government and the business community, noting that rational and balanced policies can ...

US software giant Microsoft (MSFT.O) will expand its artificial intelligence (AI) and cloud infrastructure in Spain through an investment of $2.1 billion in the next two years, the company’s ...

Warner Bros Discovery (WBD.O) reported a bigger-than-expected quarterly loss on Friday, as the media conglomerate battled a weak advertising market and the fallout of the twin Hollywood strikes on ...

The Cyprus Stock Exchange (CSE) on Friday announced that it has become a member of the EuroCTP consortium, a collaborative initiative involving several European exchanges. EuroCTP, established in August 2023, aims ...

The Head of Deloitte Academy, Christina Themistocleous, embarked on a journey to Nairobi, Kenya, driven by the aspiration to offer voluntary assistance to students and aid them in realising their ...

Cypriot real estate market analytics firm Ask Wire on Friday released a report on the ten most expensive property transactions completed in Cyprus during January 2024. The report also provided additional ...

Hellenic Bank on Friday released its preliminary group financial results for 2023, posting a full-year profit of €365.4 million, while profit for the fourth quarter alone stood at €124.8 million. Commenting on the ...

The Cyprus Chamber of Commerce and Industry (Keve) this week hosted a meeting with a number of foreign ambassadors, focusing on the symbiotic relationship between technology, innovation, and sustainable economic ...

Mercedes-Benz on Thursday toned down expectations on electric vehicle demand and said it will update its combustion engine lineup well into next decade, becoming the latest carmaker to flag a ...

The Central Bank of Cyprus (CBC) this week announced that it is once again accepting requests for the payment of reduced legal costs from individuals who have filed lawsuits against ...

Lloyds Banking Group’s (LLOY.L) full-year profit jumped by 57 per cent, it said on Thursday, despite Britain’s faltering economy and a 450 million pound ($571 million) charge for potential costs ...

Britain’s economy kept up its early 2024 momentum with a survey showing strong growth for services firms and business optimism at a two-year high, but inflation pressures are likely to ...

The Paphos Regional Tourism Board (Etap) this week met with the Department of Antiquities, where they examined various issues concerning the museums, monuments, and archaeological sites of the Paphos district. ...

The harmonised index of consumer prices in Cyprus (HICP) in January 2024 increased by 2.1 per cent compared to January 2023, according to a report released on Thursday by the Cyprus Statistical Service (...

The Employers and Industrialists Federation (Oev) this week released a statement welcoming the new support measures for Cypriot households, while at the same time expressing “hope for the prompt formulation ...

Cypriot Minister of Energy, Commerce, and Industry George Papanastasiou this week met with his Egyptian counterpart Tarek El Molla, engaging in discussions on bolstering energy collaboration between Cyprus and Egypt. ...

The Cabinet this week approved the establishment of an annual award for gender equality in Cyprus’ shipping sector, according to an announcement by the Deputy Ministry of Shipping. The announcement ...

The Cyprus Chamber of Commerce and Industry (Keve) this week released a statement expressing satisfaction with the newly announced government support measures, originally unveiled by President Nikos Christodoulides on Wednesday. ...

Vice Chairman of the Cyprus Securities and Exchange Commission (CySEC) George Karatzias on Thursday reaffirmed the commission’s support for the country’s collective investment sector, outlining a number of ...

Social media platform Reddit has struck a deal with Google (GOOGL.O) to make its content available for training the search engine giant’s artificial intelligence models, three people familiar ...