Business

Here are the top business stories in Cyprus from the week starting June 3: The European Central Bank (ECB) has made a notable policy shift by reducing interest rates for the ...

Cisco has launched a $1 billion fund to invest in artificial intelligence startups, joining a list of big technology companies rushing to take stakes in small AI firms. The company, through ...

Deutsche Bank (DBKGn.DE) will work with Bitpanda to process customer deposits and withdrawals for the Austrian crypto broker, the companies told Reuters. The crypto industry has previously struggled to ...

British house prices rose in May after falling in the previous two months as the property market withstood high borrowing costs, according to figures from mortgage lender Nationwide. Prices increased ...

Brazil’s economy rebounded in the first quarter from a sluggish second half of 2023 on stronger investments and consumer demand, official figures showed, adding to caution at the central bank, ...

Israel’s high-tech sector now accounts for 20 per cent of the country’s economic output, the Israel Innovation Authority (IIA) said this week as it urged the government to invest ...

The upgrading of Cyprus’ long-term rating by agency Fitch from BBB to BBB+ is “a vote of confidence in the government”, President Nikos Christodoulides said on Saturday. “The latest upgrade … ...

By Charles Ellinas June 3 was World Bicycle Day, but in Cyprus, it went completely unnoticed. And for a good reason. Cypriots mostly use cars to go anywhere, even to shops ...

By Ioannis Tirkides This moment in the European elections is very different from the last one, five years ago. The starting conditions are different, the challenges are different. The priorities ...

The European Central Bank’s (ECB) decision to cut interest rates by 0.25 per cent on Thursday is expected to have a positive impact on the Cypriot economy, Professor Sofronis Clerides, ...

A group of current and former employees at artificial intelligence (AI) companies, including Microsoft-backed (MSFT.O) OpenAI and Alphabet’s (GOOGL.O) Google DeepMind this week raised concerns about risks ...

Canadian AI startup Cohere has raised $450 million in funding from returning investors such as Nvidia (NVDA.O) and Salesforce Ventures (CRM.N), as well as new investors including Cisco (CSCO....

Paramount Global’s (PARA.O) top executives this week laid out a sweeping restructuring plan that includes $500 million in annualized cost cuts, potential asset sales and a possible joint venture ...

British manufacturers reported a return to growth last month after a long slowdown, according to a survey published this week, but the higher prices charged by firms may add to ...

GameStop is back in the limelight after a hiatus of three years with the return of social media influencer “Roaring Kitty” Keith Gill, a key figure in the Reddit-driven “meme ...

Deputy Minister of Shipping Marina Hadjimanolis on Thursday, during her visit to Athens, highlighted the importance of cooperation, compliance, and the implementation of international law to strengthen a resilient maritime ...

The number of building permits issued in Cyprus increased by 3.3 per cent year-on-year for the period of January to March 2024, with the value of these permits rising to €0.73 billion, marking ...

The European Central Bank’s (ECB) decision to cut interest rates by 0.25 per cent on Thursday is expected to have a positive impact on the Cypriot economy, Professor Sofronis Clerides, ...

The European Central Bank (ECB) on Thursday cut interest rates for the first time in five years, a significant move amidst a backdrop of economic uncertainty. The ECB lowered its ...

Limassol port management company DP World Limassol held a blood drive this week, with the event serving a dual purpose, according to an official announcement released on Friday. Firstly, the ...

NEAR Protocol (NEAR) usage has grown every year according to on-chart data posted in log scale by a major analyst. Moreover, Stellar (XLM)’ Indiathon hackathon was announced which can result ...

Eurobank has received approval from the European Central Bank (ECB) to distribute a cash dividend of €342 million, equivalent to €0.0933 per share, according to an official announcement released this week. The ...

Invest Cyprus recently spotlighted Cyprus’ potential as a major business hub at the prestigious Island Conference and Reflect Festival held in Limassol, both of which took place on May 30-31, ...

KeelX, an innovative maritime software provider based in Limassol, this week announced the signing of an official partnership with Veracity, the leading maritime emissions cloud by internationally accredited registrar and ...