Business

ChatGPT maker OpenAI was awarded a $200 million contract to provide the US Defense Department with artificial intelligence tools, the Pentagon said in a statement this week. “Under this award, the ...

European truckmaking rivals AB Volvo (VOLVb.ST) and Daimler Truck (DTGGe.DE) hope to cut costs and reduce reliance on suppliers by jointly developing a software-defined vehicle program, they said ...

The US SEC has delayed its decision on whether to allow a spot Ethereum (ETH) ETF by Franklin Templeton, one of the leading asset managers in the world. A major ...

Pump.Fun has caused mixed reactions throughout the crypto sector after its X account was suspended and then reinstated. On June 16, the official X account of the Solana-based memecoin launchpad ...

Nasdaq-listed Davis Commodities (DTCK) recently announced that it had gotten approval for a $30 million fundraising plan. The company has a strategic plan to invest 15% or $4.5 million of the funds into ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday officially adopted a series of guidelines issued by the European Securities and Markets Authority (ESMA) concerning crypto-asset service providers (CASPs) operating ...

The Central Bank of Cyprus (CBC) on Friday made a slight downward revision to the country’s growth forecast for 2025, adjusting it to 3.1 per cent from 3.2 per cent in March. ...

Invest Cyprus on Friday issued a statement welcoming the decision by India’s Drone Destination to establish its European subsidiary in Cyprus. The agency, tasked with driving investment to the ...

The long road home: A hidden journey When you click “Buy Now” on a product from an international site, you may imagine your item making its way directly to your ...

Finance Minister Makis Keravnos on Friday called for urgent action to boost European competitiveness and reinforce the EU’s common defence as he arrived at the Economic and Financial Affairs ...

Petrolina (Holdings) Public Limited this week approved a final dividend of 2 cents per share at its 25th annual general meeting of shareholders. The decision came as the company reported a ...

Logicom Public Ltd on Friday announced the approval of a dividend payment of 10 cents per share, representing 29.4 per cent of the nominal share value, following decisions taken at its annual ...

Agros Progress Development Public Ltd, parent company of the Rodon hotel, held its annual general meeting (AGM) on Thursday, during which shareholders approved a dividend distribution and made several changes ...

The draft bill for the privatisation of the Cyprus Stock Exchange (CSE) was submitted to the House of Representatives on Thursday, paving the way for the selection of a strategic ...

Scientists, government officials and industry leaders gathered this week at the University of Cyprus for a presentation of a study documenting biodiversity in quarry zones, aiming to reshape policies on ...

The energy regulatory authority (Cera) has approved in principle an application from the Cyprus Transmission System Operator (TSO) to develop energy storage systems, it emerged on Friday.  The request was ...

Bitloops, a startup with team members in both Cyprus and Greece, has secured €1 million in pre-seed funding to advance its AI-powered development platform designed for professional frontend engineers. According to ...

What began as a personal move soon evolved into a bold strategic decision. In an interview with Cyprus Mail, Matt Murphie, founder and investor of Copper Island, the international film ...

Intel (INTC.O) hired three chip industry executives in engineering and networking roles this week, as part of CEO Lip-Bu Tan’s plans to overhaul top management and turn around ...

Two teams participating in the Investor Day of the KPMG Startup Innovation Lab (SIL) have secured direct entry into Phase B of the 16th NBG Business Seeds Competition. The National ...

Nike’s (NKE.N) launch of a new women’s activewear brand in the US through a partnership with Kim Kardashian-owned shapewear label Skims has been delayed, the Air Jordan ...

As promised, the government on Thursday launched an online platform where people losing their savings in the 2013 bank bail-in can apply for partial compensation. It concerns losses to uninsured savings – ...

Pepe (PEPE) faces a potential 30% price crash as whales abandon ship, signaling trouble for the meme coin. Trading at $0.000011, PEPE is trapped in a bearish descending triangle, with selling pressure ...

Ripple and the SEC are pushing to resolve their long-standing XRP dispute, with a joint motion filed to dissolve a $125 million injunction, potentially freeing $75 million for Ripple.  Attorney John Deaton ...