#business

The German government and Intel (INTC.O) are expected to ink a deal over the US chipmaker’s planned factory in Dresden, capping months of talks over subsidies needed for ...

Asking prices for British homes fell in June for the first time in six years, indicating an earlier-than-usual summer slowdown amid mortgage market turmoil and expectations of further Bank of ...

Oil prices fell on Monday as questions over China’s economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in ...

State-owned Cyprus asset management company Kedipes has repaid €1 billion to the state for the aid it received, since its inception nearly five years ago, according to chairman Lambros Papadopoulos. “The ...

European equities and the euro look set to lose out to US markets in the months ahead, as a stellar run in early 2023 has fizzled out in the face of ...

Intel (INTC.O) is to invest up to $4.6 billion in a new semiconductor assembly and test facility near Wrocław, Poland, as part of a multi-billion-dollar investment drive across Europe ...

Hundreds of social media moderators in Germany – who remove harmful content from platforms such as Facebook and TikTok – are calling on lawmakers to improve their working conditions, citing tough targets ...

BlackRock (BLK.N), the world’s biggest asset manager, last week filed for a bitcoin exchange-traded fund (ETF) that would allow investors to get exposure to the cryptocurrency, as the ...

Binance has issued a cease and desist order to “Binance Nigeria Limited”, Binance CEO Changpeng Zhao said in a tweet on Sunday, calling the Nigerian company a “scammer entity”. Earlier ...

SVB Financial Group (SIVBQ.PK) said on Sunday it has entered into an agreement to sell its investment banking division, SVB Securities, to a group led by Jeff Leerink and ...

Here are the top business stories in Cyprus from the week starting June 12: Cyprus-based investor Alexey Gubarev has recently become the owner of the land where Sodap’s wine factory ...

Toyota Motor (7203.T) said this week it will adopt a technology Tesla (TSLA.O) pioneered known as “Gigacasting” as part of a strategy by the Japanese automaker to improve the ...

Amazon Web Services (AMZN.O), the world’s largest cloud computing provider, is considering using new artificial intelligence chips from Advanced Micro Devices Inc (AMD.O), though it has not ...

Alphabet’s Google said this week it is launching two new artificial intelligence-powered features for advertisers that will automatically find the best ad placements for brands across the tech company’...

The European Central Bank (ECB) on Thursday raised interest rates for the eighth consecutive time, in line with market expectations, staying on a path of policy tightening, as it continues ...

The Public Debt Management Office announced this week the increase in interest rates for six-year government bonds for individual investors, starting with the third series (October) of 2023. Applications for these ...

By Maria Demertzis Using a strategy of de-risking to deal with an increasingly fragmented world makes good economic sense. President von der Leyen first launched the strategy in a speech ...

By Ioannis Tirkides Erdogan won a third term as Turkey’s president after soundly defeating his challenger Kemal Kilicdaroglu, in a run-off election on May 28, with 52.2 per cent of the ...

Uber (UBER.N) said this week that it will shut its food delivery business in Italy and exit Israel, where it has not built sufficient market share. The moves were “...

The general assembly of the European Underwater Federation (EUF) will take place in Cyprus between June 17 and June 19, according to a statement released this week. The event is being organised ...

Cyprus Airways and Aegean Airlines this week announced their plan to work together on codeshare flights, which will start on June 20, with the aim of improving connectivity and travel options ...

The hourly labour costs in Cyprus recorded a 5 per cent increase during the first quarter of 2023, compared to the corresponding quarter of the previous year, according to a report utilising ...

Tesco (TSCO.L), Britain’s biggest retailer, said the country’s food inflation was starting to ease, signalling some relief for squeezed shoppers and the wider economy as the group ...

Salamis Lines Ltd, a member of the Salamis Organisation, announced this week that it has acquired a new container ship named “IONIA”, which has subsequently been registered in the Cypriot ...