Business

AMD (AMD.O) said this week it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips and hardware ...

Russian pork producers are aiming to capture 10 per cent of China’s pork import market in the coming years from a standing start, seeking to take advantage of trade tensions ...

Cyprus has seen its debt-to-GDP ratio drop to 72.3 per cent, marking a substantial decrease of nearly 10 percentage points over the past year. According to a report released on Friday from ...

The benefits of California’s revised bill that seeks to regulate how artificial intelligence is developed and deployed in the state likely outweigh the costs, Anthropic said this week. San ...

HSBC (HSBA.L) aims to double the assets under management in its British wealth business to 100 billion pounds ($131 billion) in the next five years, the division’s head told Reuters, ...

Action camera maker GoPro (GPRO.O) has announced that it will cut about 15 per cent of its workforce this year, as part of a restructuring plan to reduce operating expenses. ...

BMW (BMWG.DE) is recalling 720,796 US vehicles over concerns of a short circuit, the National Highway Traffic Safety Administration said this week. “An improperly sealed electrical connector on the water ...

The European Commission said this week that it had approved a 5 billion euro ($5.5 billion) German state aid measure to support a new microchip manufacturing plant in Dresden for the European ...

Financial literacy classes will be rolled out to all third-year high school students this academic year, Education Minister Athena Michaelidou announced on Friday. The decision was finalised during a Cabinet ...

The Cypriot economy is on an upward trajectory and displaying resilience, Finance Minister Makis Keravnos said on Friday, after briefing the Cabinet on the semi-annual fiscal policy report. In remarks ...

Chanel has bought a 25 per cent stake in high-end Swiss watchmaker MB&F, known for its quirky watch designs, the French luxury house has announced, adding it was part ...

Eurobank has announced the new board members it will propose for Hellenic Bank ahead of the general assembly scheduled for September 18. According to the proposal, Petros Christodoulou is set to ...

The Althaia barge, a new floating cold ironing unit powered by compressed biomethane, was recently launched at Limassol port, as part of the BioCNG-to-CI project. This initiative, which took place ...

Cyprus has seen its debt-to-GDP ratio drop to 72.3 per cent, marking a substantial decrease of nearly 10 percentage points over the past year. According to a report released on Friday from ...

The Cyprus Securities and Exchange Commission (CySEC) has announced that it has withdrawn the registration of the ‘Investment Compartment – Real Estate (RAIF76_1)‘, under RAIF Prime Property Services P.P. RAIF ...

The Cyprus Securities and Exchange Commission (CySEC) this week issued an urgent warning regarding the existence of fraudulent websites that are falsely claiming to be associated with the regulatory body. ...

Oil prices were little changed on Friday but on track to end the week lower, as weaker US employment data raised concerns over demand, and renewed ceasefire talks in Gaza ...

Lebanon’s acting central bank governor has said that his institution was still striving to prevent being placed on a “grey list” of countries under special scrutiny by a financial ...

The price of 27 out of 45 products monitored by the Cyprus consumer protection service increased in July, according to the latest price observatory report. According to the service, the biggest rises ...

British business activity sped up this month and cost pressures were the weakest in over three years, according to a survey on Thursday that signalled growth momentum going into the ...

US company executives are talking much more about the upcoming presidential election than they did four years ago as a wider policy rift between candidates Kamala Harris and Donald Trump ...

Donald Trump’s potential White House return has helped spur a flurry of investment in defence-technology startups across Europe, according to eight prominent industry executives and investors. The Republican presidential ...

The European Commission has given assurances that it will use “all the diplomatic means at its disposal” in order to protect the Great Sea Interconnector (GSI) after reports this week ...

Hoteliers in Famagusta are optimistic that occupancy levels will be similar to those in 2023, with current rates for July and August standing at 85 to 95 per cent. Panayiotis Constantinou, President of ...