Business

Here are the top business stories in Cyprus from the week starting December 18: Tourist arrivals in Cyprus between January and November 2023 reached 3,722,022 visitors, reflecting a notable increase of 20.4 per cent ...

By Maria Demertzis On December 8, the EU finally concluded talks on the Artificial Intelligence act, which aims to govern the big artificial intelligence (AI) models that may pose systemic risks ...

Airbus (AIR.PA) is on course to break aerospace order records in 2023 after a buying spree from European airlines and a brisk month so far in deliveries, industry sources said ...

Toshiba (6502.T) was delisted on Wednesday after 74 years on the Tokyo exchange, following a decade of upheaval and scandal that brought down one of Japan’s biggest brands and ushered ...

Panasonic Energy, a unit of Panasonic Holdings (6752.T), on Wednesday said Oklahoma was no longer a candidate for a new electric vehicle battery plant in the United States. The decision ...

In the fast paced world of AI and blockchain innovation, it is becoming increasingly apparent that the synergistic effect of a variety of game changing technologies and promising projects can ...

The construction of the cable section for the initial leg of the Greece-Cyprus-Israel EuroAsia Interconnector is underway, the CEO of Greece’s Independent Power Transmission Operator (IPTO) said in an ...

Amidst the ongoing Israel-Gaza conflict, concerns about the safety and stability of Cyprus for potential property investors have surfaced. However, Cyprus property market stakeholder Chris Michael released a statement assuring ...

Euro-backed stablecoins will see booming growth, gaining a 0.5 per cent share in total Euro circulation volume within a 3-year period, according to analysts from a Cyprus-based fintech firm and a ...

The year 2022 marked a groundbreaking 85.8 per cent increase in tourist arrivals to Cyprus, reaching a staggering 4,833,939 compared to figures from 2021, according to a report released this week by the state’...

The Research and Innovation Foundation (RIF) this week announced that it has launched its CO-DEVELOP-REPowerEU programme, offering businesses a chance to secure €600,000 in funding for collaborative ventures with research organisations. ...

In a statement to the Cyprus News Agency (CNA), Marios Tsiakkis, the General Secretary of the Cyprus Chamber of Commerce and Industry (Keve), voiced dissent against the Minister of Labour’...

Alphabet’s (GOOGL.O) Google said this week it will restrict the types of election-related queries its chatbot Bard and search generative experience can return responses for, in the run ...

Adsterra, the Cyprus-based AdTech leader, announces its sponsorship of AEL Limassol Women Basketball Club (AEL BC), marking a significant step in the empowerment of women in sports. The collaboration underscores ...

Cypriot indie gaming company Apella Games announced on Friday that it has won a major battle against tech giant Apple Inc., which tried to block the startup from registering its ...

Global equity funds saw significant withdrawals in the week up to Dec. 20 as investor enthusiasm over potential rate cuts waned and profit-taking set in ahead of the year-end holidays. The ...

President Vladimir Putin placed Russia’s biggest car dealership under temporary state management on Friday, in a step the Kremlin said was driven by commercial logic but which its founder ...

Bonk (BONK), the Solana-based meme coin, achieved a significant milestone by exceeding the $2 billion mark in market capitalization. The project’s connection with the popular Solana (SOL) influenced its growth ...

The Paphos Regional Tourism Board (Etap) has been selected among a group of 50 EU organisations to participate in a project focusing on crisis management and governance in tourism. According to ...

As Uniswap (UNI) and The Sandbox (SAND) encounter market challenges, a different crypto asset called VC Spectra (SPCT) is attracting attention with its potential for significant growth. With its unique ...

Cyprus Finance Minister Makis Keravnos on Friday stated that the utilisation of the available financial instruments of the European Investment Bank (EIB) has long been a target of the government, ...

Russia may cut diplomatic ties with the United States if Washington confiscates Russian assets frozen over the Ukrainian war, the Interfax news agency quoted Deputy Foreign Minister Sergei Ryabkov as ...

National investment promotion agency Invest Cyprus on Friday announced that it has successfully secured the directorship for the Eastern Europe region of the World Association of Investment Promotion Agencies (WAIPA). ...

The US Transportation Department is scrutinizing the frequent flyer programs of major US airlines for potential deceptive or unfair practices, the agency said Thursday as regulators step up oversight of ...