International

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 …


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 …


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 …


ECB’s Lagarde keeps pushing back on rate hike bets and hopes

Tightening monetary policy now to rein in inflation could choke off the euro zone’s recovery, European Central Bank President Christine Lagarde said on Monday, pushing back on calls and market bets for tighter policy. With inflation already twice its 2 per cent target and likely rising further later this year,… Cyprus Mail …


Business travel to suffer from ‘carbon budget’ plans

As major companies look at drastic ways to cut carbon emissions from corporate travel, airlines are bracing for a major hit to business-class travel, a key revenue driver, industry executives and experts say. Several companies, such as HSBC (HSBA.L), Zurich Insurance (ZURN.S), Bain & Company and S&P Global (SPGI.N), have… Cyprus Mail …


Turkish Statistical Institute accused of manipulating inflation data

A former official has accused the Turkish Statistical Institute (Turkstat) of manipulating inflation data, Ahval reported on Wednesday. Turkey’s last inflation report in July was at 18.95 per cent. This is just below the level of key interest rate at 19 per cent. The governor of the central bank, Sahap… Cyprus Mail …