#business

Hellenic Bank on Tuesday announced robust financial results for the first nine months of 2023, posting an after-tax profit of €240.7 million, primarily attributed to increased interest income derived from placements with ...

Kraken, one of the world’s largest cryptocurrency exchanges, was sued on Monday by the US Securities and Exchange Commission, which accused it of illegally operating as a securities exchange ...

The British Business Bank (BBB) will set up a new fund for pension schemes and asset managers to invest in growth companies, part of wider reforms to unlock savers’ cash ...

Oil futures fell on Tuesday, reversing steep gains made in the past two sessions, as investors turned cautious ahead of a meeting of OPEC+ this Sunday when the producer group ...

Microsoft (MSFT.O) emerged on Monday as the big winner of the upheaval at OpenAI, hiring ousted CEO Sam Altman and other key staff of the startup to avert a ...

The Cyprus Chamber of Commerce & Industry (Keve) on Monday announced that in the context of its continuous effort to open new roads and prospects for Cypriot companies, has established ...

Britain’s next government will almost certainly need to raise taxes and make unwelcome spending choices even if this week’s budget update from finance minister Jeremy Hunt presents a ...

Outgoing Larnaca Chamber of Commerce (Evel) president Stavros Stavrou this week announced plans to run for the position of president at the Cyprus Chamber of Commerce and Industry (Keve). In ...

The Cyprus Shipping Chamber (CSC) on Monday released a statement welcoming the launch of the one-stop shipping centre at the Deputy Ministry of Shipping, effective from November 20. This significant development, ...

Invest Cyprus, the Cypriot Investment Promotion Agency, is poised to unveil its strategic objectives and initiatives during its Annual General Meeting, taking place later today. The conference, to be held ...

Energy Minister George Papanastasiou on Monday opened this year’s Industry Week by reaffirming the government’s resolve to support the sector in Cyprus, underpinned by its commitment to the ...

Weight loss was the talk of this earnings season, making names such as Wegovy, Ozempic and Mounjaro the water-cooler discussion that companies across the globe could not ignore. Analysts attended ...

The dollar slid to a two-month low on Monday, extending a downtrend from last week as traders reaffirmed their belief that US rates have peaked and turned their attention to ...

Oil futures edged higher on Monday, extending gains on expectations of OPEC+ deepening supply cuts to shore up prices, which have fallen for four weeks on easing concern of Middle ...

OpenAI has appointed ex-Twitch boss Emmett Shear to lead the startup, replacing Sam Altman who will join the company’s top backer Microsoft MSFT.O to lead a new advanced ...

Leading European on-demand transportation platform Bolt on Monday announced the launch of electric scooter rentals in the Greater Nicosia area. In its announcement, the company, which has over 150 million customers ...

Discounting and new products expected to propel the market towards year-on-year growth By Souzana Psara Global tablet sales reached 33 million in the third quarter of 2023, as reported by industry analysts ...

Researchers in Europe are working to counter potential risks from nanomaterials used by a range of industries for technological advances. By Tom Cassauwers While others might dream big, Dr Otmar ...

If you can’t beat them, buy them. For years, a little-known company called Tooling & Equipment International (TEI) has helped Tesla (TSLA.O) push back the frontiers of “gigacasting”, ...

Glencore (GLEN.L), ExxonMobil (XOM.N) and Stellantis (STLAM.MI) are among companies lobbying for policies that conflict with their own pledges to cut carbon emissions, a study published by ...

Here are the top business stories in Cyprus from the week starting November 13: Port management company DP World Limassol on Wednesday announced that Limassol port saw record cruise ship calls ...

The International Air Transport Association (IATA) recently announced the continuation of a robust post-pandemic surge in passenger traffic throughout September. The momentum observed in passenger demand during this month contributes ...

Microsoft (MSFT.O) this week announced a duo of custom-designed computing chips, joining other big tech firms that – faced with the high cost of delivering artificial intelligence services – are bringing ...

China’s Lenovo Group Ltd (0992.HK) on Thursday posted a 16 per cent fall in revenue for the three months through September, meeting market expectations, as supply for personal computers (PCs) ...