#business

Nvidia (NVDA.O) invested $50 million to speed up training of biotech firm Recursion’s (RXRX.O) artificial intelligence models for drug discovery, which the chip designer can then potentially license ...

US chipmaker Broadcom (AVGO.O) secured EU antitrust approval on Wednesday for its $61 billion proposed acquisition of cloud computing firm VMware (VMW.N) after offering remedies to help rival Marvell ...

Britain’s economy shrank by less than expected in May despite a bank holiday to mark King Charles’ coronation and strikes, suggesting a widely forecast recession caused by high inflation ...

National investment promotion agency, commonly known as Invest Cyprus, on Thursday, announced that its vice chairman Spyros Vassiliou presented Cyprus’ investment attraction strategy at The Economist conference in New York. ...

Relentless travel demand has sent bookings at US carriers soaring, translating into bumper earnings. However, their shares have not shown the same trajectory as questions linger about the sustainability of ...

The value of properties sold in Cyprus during the second quarter of 2023 reached €1.52 billion, with the market showing signs of being impacted by the increase in interest rates, soaring inflation, ...

Employment in the government decreased by 2 per cent in June, mainly driven by the transfer of hourly-paid personnel from the Ministry of Health to the State Health Services Organisation (OKYPY), ...

The Cyprus Shipping Chamber (CSC) this week released a statement welcoming the decisions taken at the 80th meeting of the Marine Environment Protection Committee (MEPC80) regarding the revised Greenhouse Gas ...

Global hedge funds not specialising in crypto assets have grown skittish from recent industry turmoil and this has lead to an exit from the sector, a survey showed on Tuesday. ...

Britain’s economy is so far proving resilient to a surge in interest rates over the past year and a half, but it will take time for the full impact ...

Cyprus’ trade deficit grew by €824 million in the first half of 2023, compared to the same period last year, reaching €3.73 billion, primarily due to a significant increase of 19.8 per cent in ...

Total beer deliveries in Cyprus experienced a significant decline of 16.9 per cent in June 2023, compared to June 2022, according to data released by the Statistical Service on Wednesday. However, the increase ...

Italy’s hopes of transforming its economy with billions of euros of European Union pandemic recovery funds are unravelling fast, businesses on the ground say, with inefficiencies at all levels ...

With the exception of Canada, countries with digital services taxes have agreed to hold off applying them for at least another year as a global multinationals tax deal to replace ...

Zara owner Inditex (ITX.MC) said on Tuesday it will look to recycling and sustainably farmed crops to reduce its environmental impact by 2030, as fast-fashion retailers face growing pressure to ...

Wall Street banks are expected to report higher profits for the second quarter as rising interest payments offset a downturn in dealmaking. For universal banks such as JPMorgan (JPM.N) ...

Kinx Gaming, an esports organisation headquartered in Nicosia, Cyprus, played a significant role in the successful launch of the AAA first-person shooter game, Atomic Heart. The game was developed by ...

Vehicle registrations in Cyprus experienced a substantial increase of 24.4 per cent during the first half of 2023, compared to the corresponding period in 2022. Additionally, registrations rose by 22.4 per cent in June 2023 ...

More than a quarter of jobs in the OECD rely on skills that could be easily automated in the coming artificial intelligence revolution, and workers fear they could lose their ...

Dubai residential property prices in the year to June 30 rose at their fastest in almost a decade, climbing by 16.9 per cent, while average rents jumped by 22.8 per cent, property consultancy ...

City of Dreams Mediterranean, Europe’s first integrated casino resort, officially opened its doors this week, with high hopes that it would usher in a new era for tourism. The ...

Oil prices edged higher on Tuesday, recouping some of the losses from the previous session, as traders focused on supply cuts by the world’s biggest oil exporters Saudi Arabia ...

Europe’s Airbus (AIR.PA) inaugurated a new assembly line for its A321neo jetliner in southwest France on Monday, granting a new lease of life to the deserted home ...

Britain’s Financial Conduct Authority said on Tuesday it has stopped 26 machines across the country for illegally offering cryptocurrencies, warning consumers they could lose all of their money. A member ...