Business

Sony to expand Chinese game incubator in Microsoft head-to-head

Sony Group Corp (6758.T) said it plans to expand a programme to identify and incubate Chinese-made games, in a race with Microsoft Corp (MSFT.O) to tap China’s gaming market. The programme will invest more than 1 million yuan ($140,080) in each game it enrols, and will not only fund small… Cyprus Mail …


WhatsApp launches Communities group organizer feature

WhatsApp is globally rolling out a feature called Communities to organize various chat groups in larger structures, as well as other features such as bigger group video calls and in-chat polls, the messaging service owned by Meta Platforms (META.O) said on Thursday. The Communities feature will bring together various chat… Cyprus Mail …


Elon Musk’s Twitter ownership starts with firings, uncertainty

Elon Musk became Twitter Inc’s TWTR.Nowner on Thursday, firing top executives and providing little clarity over how he will achieve the lofty ambitions he has outlined for the influential social media platform. “The bird is freed,” he tweeted, referencing Twitter’s bird logo in an apparent nod to his desire to… Cyprus Mail …


Nintendo shares jump 5 per cent on record ‘Splatoon’ launch

Shares in Nintendo Co Ltd (7974.T) jumped 5 per cent on Tuesday after the Japanese gaming company reported record domestic launch sales for its shooter “Splatoon 3” on the Switch console. The latest “Splatoon” title, in which players engage in an inky turf war, sold more than 3.45 million units… Cyprus Mail …


Crypto lender Hodlnaut granted creditor protection by Singapore Court

Hodlnaut said on Tuesday it has been placed under interim judicial management by the Singapore High Court, after the troubled cryptocurrency lender suspended withdrawals earlier this month. Judicial management allows a financially distressed company to be restructured under court supervision. The Singapore-based crypto firm said the court had appointed Ee… Cyprus Mail …


Russia is China’s top oil supplier for 3rd mth in July

Russia held its spot as China’s top oil supplier for a third month in July, data showed on Saturday, as independent refiners stepped up purchases of discounted supplies while cutting shipments from rival suppliers such as Angola and Brazil. Imports of Russian oil, including supplies pumped via the East Siberia… Cyprus Mail …



Huawei increases cloud sector share as domestic market booms

Chinese technology company Huawei cemented its position as the country’s second-largest cloud service provider in the first quarter of 2022, according to a report released this month by technology analysts Canalys. Huawei Cloud grew by 11 per cent during this time to take an overall market share of 18 per… Cyprus Mail …


Cyprus Business Now

An estimated 3.6 million unemployed people in the European Union found employment in the fourth quarter of 2021, according to data released on Wednesday by Eurostat, the EU’s statistical service. This figure is about 24.6 per cent of all those registered as unemployed in the third quarter of 2021. A… Cyprus Mail …


Egypt natural gas exports to reach 7.5 mln tonnes this fiscal year

Egypt’s natural gas exports are expected to rise to 7.5 million tonnes by the end of this fiscal year, Petroleum Minister Tarek El-Molla said on Thursday. Egypt’s gas exploration plan for the fiscal year 2022/2023 is expected to add 450 million cubic feet to gas production per day and 17,200… Cyprus Mail …