Business

Britain on Tuesday said it would spend more than 100 million pounds ($125 million) to launch nine new research hubs in artificial intelligence (AI) and train regulators about the technology. “AI is ...

The Cyprus Chamber of Commerce and Industry (Keve) on Tuesday announced a state-of-the-art online course through its I-STARS (Innovative Strategies, Training, and Resources for Sustainability) project. According to the announcement, ...

British retailers reported sluggish sales in January as shoppers remained cautious about spending, according to a survey published on Tuesday which underscored how high inflation and borrowing costs are weighing ...

Honda Motor Co (7267.T) said on Tuesday it was recalling 750,000 vehicles in the United States over a defect involving air bags which could deploy unintentionally during a crash. The front ...

Russia has begun buying bananas from India and will boost such imports, its food safety watchdog said on Tuesday, after a spat with its biggest supplier Ecuador over the latter’...

Bank of Spain governor Pablo Hernández de Cos on Tuesday said that the European Central Bank (ECB) will proceed with cutting interest rates, without, however, specifying the timeline for ...

The Larnaca regional tourism board (Etap) announced on Tuesday that its participation in several European programmes will ultimately help to boost specialisation and professional qualifications in Cyprus’ tourism and hospitality ...

The share of renewable energy sources in transport in Cyprus stood at 7.2 per cent in 2022, without significant change compared to 2021, according to a report released this week by Eurostat, the ...

Paphos regional tourism board (Etap) representatives are visiting the city of Faenza, Italy, under the framework of the Interreg Euro MED European programme, titled ‘MED-Routes’, for the opening meeting of ...

BP (BP.L) reported fourth-quarter earnings of $3 billion on Tuesday, exceeding forecasts thanks to strong gas trading, and increased the pace of its share repurchases in a sign of confidence ...

After the SEC’s decision on Bitcoin (BTC) ETFs introduced new positive sentiment for the cryptocurrency market, BTC is set to deliver higher prices as bullish momentum pushed it to $42,000 ...

UBS (UBSG.S) said on Tuesday it would restart share buybacks and lifted cost-cutting targets, saying the integration of fallen rival Credit Suisse was on track, but higher expenses made ...

Japan’s Toyota Motor (7203.T) raised its full-year operating profit forecast by nearly 9 per cent on Tuesday, after its third-quarter earnings raced past analysts’ estimates thanks to a weaker yen ...

Looking for ideal long-term investments for your portfolio? Consider SEI, Celestia (TIA), and Algotech (ALGT). While SEI’s recent integration sparks global adoption, Celestia’s modular network attracts investors. Meanwhile, ...

Short-term rental properties are increasing in popularity in Cyprus, quickly becoming a mainstay in the accommodation choices of both travellers and locals, according to Yiannis Kotzias, general manager of operations ...

Consulting and advisory firm PwC Cyprus this week announced that it hosted another successful ACCA Award Ceremony, held at the organisation’s Experience Centre, in the presence of Philippos Soseilos, ...

Societe Generale (SOGN.PA) plans to cut about 900 jobs at its Paris headquarters through voluntary departures, France’s third-biggest listed bank said on Monday, adding to a wave of job ...

German exports fell more than expected in December due to weak global demand, data from the federal statistics office showed on Monday. Exports fell by 4.6 per cent in December compared ...

By year’s end Cyprus should have a national financial sanctions implementation unit, bringing the island up to speed with best practices in combating illicit finance, the finance ministry said ...

The Electricity Authority of Cyprus (EAC) may end up hiking its rates by up to 25 per cent should it win an ongoing case in court, MPs heard on Monday. Andreas ...

Global air cargo demand experienced a notable resurgence in 2023, particularly with a strong fourth-quarter performance despite economic uncertainties, according to recently released data by the International Air Transport Association (IATA). ...

The government on Monday signaled it may have to take “painful decisions” regarding the liquefied natural gas (LNG) terminal project in Vasiliko, as the contractor itself blamed the Cypriot side ...

The number of registered unemployed individuals in Cyprus saw a significant decrease of 12.3 per cent on an annual basis in January 2024, according to a report released this week by the ...

Finance Minister Makis Keravnos on Monday met the new board of the Cyprus Telecommunications Authority (Cyta) to discuss goals relating to the transition to a green economy and digital technology. ...