#business

Alphabet’s (GOOGL.O) Google, Meta Platforms (META.O), Qualcomm (QCOM.O) and seven other tech companies on Wednesday teamed up to push for open digital ecosystems in response to ...

South Korea will provide 38 trillion won ($29 billion) in financing to strengthen its battery industry over the next five years, as global competition to secure battery supply chains remains fierce, the ...

Here are the top business stories in Cyprus from the week starting December 11: The Ministry of Finance on Monday announced that the Republic of Cyprus and France ratified an updated ...

By Ioannis Tirkides We are in treacherous waters. After a year and a half of relentless interest rate hikes by central banks in the developed world, and the remarkable resilience ...

Meta Platforms’ (META.O) lawyers had warned it about the legal perils of using thousands of pirated books to train its AI models, but the company did it anyway, according ...

“Fortnite” maker Epic Games won a major antitrust trial against Alphabet’s Google (GOOGL.O) in San Francisco, persuading a federal jury on Monday that some of the technology giant’...

A federal judge in Virginia has rejected cybersecurity company Centripetal Networks’ patent infringement claims against Cisco Systems (CSCO.O) in a multi-billion-dollar fight over network-security technology. A different judge in ...

The European Central Bank opted to keep interest rates stable on Thursday and hinted at an impending conclusion to its final bond purchase programme. This move marks the conclusion of ...

Hellenic Bank this week announced that its wealth and investment services division hosted a forum aimed at understanding the challenges and trends shaping the investment landscape, in an effort to ...

The number of job vacancies surged by 3,100 positions, marking a substantial 33.8 per cent increase during the third quarter of 2023, reaching a total of 12,274, compared to the same quarter in the ...

The Cyprus Association of Travel Agents (ACTA) this week announced its new administrative council for the term 2023-2026, appointing Harris Papacharalambous as the new president. In a statement released following ...

Public sector employment in Cyprus experienced a notable fluctuation during the third quarter of 2023, with an increase of 1,878 individuals compared to the same period in 2022, according to a report released ...

Elon Musk’s social media platform X’s 2023 ad sales are projected to fall to about $2.5 billion, Bloomberg News reported on Tuesday. Several companies including Comcast (CMCSA.O) and Walt ...

Warner Bros Discovery (WBD.O) said on Tuesday that music streaming giant Spotify (SPOT.N) would host the media conglomerate’s podcasts as part of its monetization drive. Spotify’s ...

National flag carrier Cyprus Airways this week announced that despite prevailing geo-political tensions in the Middle East, it still managed to record a growth in revenue in November 2023. According to ...

Companies in Britain’s services sector saw another pick-up in growth this month, suggesting the economy can avoid a recession for now at least, according to a survey published a ...

The best performing hedge funds are falling victim to their own success as institutional investors such as pension funds and university endowments cut back their most profitable positions to make ...

The Republic of Cyprus on Friday announced that its financial needs for the upcoming year amount to €1.3 billion, with the majority of that sum covered by an international issuance totalling €1 ...

Ratings agency S&P Global this week announced a one-notch upgrade in the long-term credit rating of the Bank of Cyprus (BoC) to “BB” from “BB-,” with a positive ...

Cyprus’ Research and Innovation Foundation (RIF) on Thursday announced the launch of a new programme, aimed at introducing specialised, scientific talent to Cypriot businesses, with the ultimate objective being to ...

Consulting and advisory firm PwC Cyprus on Thursday announced that it recently hosted an ACA Award Ceremony at its Experience Centre. According to the announcement, the event recognised the academic ...

Britain’s property market saw some recovery in November as a surge in mortgage rates eased, but surveyors remain cautious about the year ahead, an industry survey showed on Thursday, ...

Coinbase (COIN.O) will start offering spot crypto trading services on its international exchange from Thursday, the company said, as it expands beyond the US. Spot trading on the international ...

The European Banking Authority (EBA) released its annual assessment of European banking risks this week, revealing the ranking of Cypriot banks concerning interest payments on household deposits and their capital ...