Business

Here are the top business stories in Cyprus from the week starting September 2: On the topic of international cooperation, Saudi Arabian Transport Minister, Saleh Bin Nasser Al-Jasser, visited DP World ...

The US central bank held its benchmark overnight interest rate steady in the 5.25 per cent-5.50 per cent range at the conclusion of its July 30-31 policy meeting, but since then ...

Intel was one of the first two tech companies to join the Dow Jones Industrial Average during the late-’90s dot-com boom, along with Microsoft. Now, a slump in Intel’...

Snap (SNAP.N) will concentrate on expanding and diversifying its underperforming advertising business with a focus on augmented reality, CEO Evan Spiegel informed employees in a note sent this week. ...

Enterprise cloud firm Salesforce (CRM.N) this week said it has agreed to acquire Tenyx, which develops artificial intelligence-powered voice agents, to advance its AI-driven solutions. The acquisition, for which ...

The Larnaca Regional Tourism Board (Etap) and the Larnaca Chamber of Commerce and Industry (Evel) on Friday called for significant improvements to public transport services in the district’s mountainous ...

Social media giant Meta Platforms (META.O) will inform Brazilians how it intends to use their personal data to train generative artificial intelligence (AI), it said this week, following a ...

US facial recognition company Clearview AI has been fined 30.5 million euros ($33.7 million) for building what Dutch data protection watchdog DPA said was an illegal database. DPA also issued an additional ...

Apple (AAPL.O) will use organic light-emitting diode (OLED) displays for all iPhone models sold in 2025 and later, moving entirely away from liquid crystal displays (LCDs), Japan’s Nikkei newspaper ...

Disy leader Annita Demetriou and her predecessor Averof Neophytou on Friday exchanged differing opinions over the Great Sea Interconnector. Appearing on CyBC just minutes apart, Neophytou first on the radio ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday announced the launch of a new social media campaign, urging investors to exercise caution when engaging in online investment activities. According ...

Cyprus has recorded one of the highest productivity growth rates in the services sector for June 2024 compared to the same period in 2023, according to data released by Eurostat on Friday. ...

Employment in Cyprus increased by 2.1 per cent in the second quarter of 2024, with both the number of people employed and the total hours worked showing growth. According to provisional estimates ...

Cyprus-based internet browser Aloha, which operates on a privacy-first approach, this week sent an open letter to the World Wide Web Consortium, rallying industry leaders to eliminate “annoying cookie banners” ...

The Nicosia Municipality on Friday announced the launch of a new two-month business accelerator programme. This initiative is specifically aimed at individuals, teams, and existing businesses in the creative and ...

As marketers, we’re always trying to stay on top of trends and use them to our advantage. But we all know it’s not as easy as it sounds. ...

Personalised financial services have been a trend in recent years. Such services help companies to promote their brands, optimise customer experience, and increase the efficiency of operations. It was once ...

The Larnaca Regional Tourism Board (Etap) and the Larnaca Chamber of Commerce and Industry (Evel) on Friday called for significant improvements to public transport services in the district’s mountainous ...

Cyprus saw a significant rise in consumer prices in August 2024, with olive oil prices soaring by 62 per cent compared to August 2023. According to the latest Consumer Price Index data, which ...

Cyprus’ Industrial Turnover Index reached 136.6 points in June 2024, with 2021 as the base year set at 100 points.   According to a report from the Cyprus Statistical Service (Cystat), this marks a 2.6 per ...

Inflation in Cyprus stood at 1.5 per cent in August, its lowest level since March of this year, according to a report from the Cyprus Statistical Service (Cystat) released on Thursday. ...

Norway’s wealth fund will back a proposal demanding Nike (NKE.N) consider whether binding agreements with workers would improve its ability to address human rights issues when sourcing from ...

OPEC+ is discussing delaying an oil output increase scheduled to start in October after oil prices hit their lowest in nine months, four sources from the producer group told Reuters ...

New car registrations in Britain fell slightly in August, industry data showed on Thursday, in line with expectations of a traditionally quieter month. The Society of Motor Manufacturers and Traders (...