Business

Stock markets tumbled on Monday and Japanese shares plummeted a gut-wrenching 13 per cent as fears the United States could be heading for recession sent investors rushing from risk while wagering ...

By Geoffrey Ditta The allure of Europe’s capitals and major cities is undeniable. For decades, people have flocked to them to work in industry, set up businesses, and seek ...

The market for artificial intelligence (AI) platforms software experienced rapid growth in 2023 and is expected to maintain its remarkable momentum, driven by the increasing adoption of AI across numerous industries, ...

Major video game publishers including Electronic Arts and Take-Two will likely stave off a big hit from the strike by voice actors and motion-capture artists due to their in-house studios ...

Companies worldwide are lowering full-year sales and profit guidance as higher interest rates and weakness in China’s economy hurt global consumer sentiment, taking the shine off earnings growth in ...

Apple’s (AAPL.O) upcoming artificial intelligence features will arrive later than anticipated and will miss the initial launch of upcoming iPhone and iPad software overhauls, according to a report ...

Here are the top business stories in Cyprus from the week starting July 29: Deputy Tourism Minister Kostas Koumis recently completed a tour of Limassol’s wine-producing regions, focusing on villages ...

Global hedge funds ditched bets against European stock markets at the fastest pace in 10 years amid a raft of better-than-expected company results, according to a Goldman Sachs (GS.N) note ...

McDonald’s (MCD.N) reported a surprise drop in sales and missed Wall Street estimates for quarterly profit on Monday, as the burger giant struggled to draw in cash-strapped customers ...

Diageo (DGE.L) is set to post its first yearly sales decline since 2020 next week, when it needs to convince investors that plans to turn around its North American and ...

YouTube speeds in Russia are set to sharply decline on desktop computers due Google’s failure to upgrade its equipment in Russia and its refusal to unblock channels of Russian ...

By Ioannis Tirkides A common thread runs through many of the elections taking place around the world this year: a rise in populism and nationalism, a move towards protectionism and ...

Eurobank Cyprus generated a net profit after tax of €105.7 million in the first half of 2024, according to the bank’s financial results released on Friday. Specifically, the bank’s financial ...

Professor Soteris Kalogirou of the Cyprus University of Technology (Tepak) has been elected as a member of the Artificial Intelligence Industry Academy, according to an announcement by the university. Tepak ...

Eurozone banks have “room for improvement” in their cyber security, starting with how they would keep their business running after a hack, the European Central Bank said in an announcement. ...

LinkedIn agreed to pay $6.625 million to settle a proposed class action accusing the Microsoft (MSFT.O) unit of overcharging advertisers by inflating how many people watched video ads on its ...

Meta Platforms (META.O) has said that it will roll out a new tool called AI Studio that will allow users to create, share and design personalized AI chatbots. The ...

The value of cashless transactions in Cyprus reached €129 billion in the second half of 2023, with a total of 152 million transactions, reflecting an increase of 12 per cent and 15 per cent, respectively, ...

Low-cost carrier Wizz Air is set to launch a new route from Larnaca to Cairo on October 29, according to an announcement released on Friday. The airline said that “the new ...

Intel (INTC.O) was set to erase nearly $25 billion in market value on Friday in what would be its worst selloff since 2000 after it suspended its dividend and slashed its ...

Alpha Bank Cyprus announced on Friday that more than 4,000 of its borrowers received over €3 million in benefits through the bank’s reward programme. The programme, which ran from August 1, 2023, to ...

Inflation in Cyprus stood at 2.1 per cent in July, according to a report released this week by the state’s statistical service, disrupting an upward trend that had persisted since ...

Eurobank Cyprus generated a net profit after tax of €105.7 million in the first half of 2024, according to the bank’s financial results released on Friday. Specifically, the bank’s financial ...

Cypriot food producers aiming to increase their export volumes can now take advantage of a new initiative designed to establish a stronger presence in the United States market. Specifically, Rovshan ...