Business

The Cypriot economy continues to display remarkable growth and resilience in the face of a challenging global economic environment, Central Bank of Cyprus (CBC) governor Christodoulos Patsalides said on Monday. ...

Oil futures extended losses in a volatile session on Monday as fears of a recession in top oil consumer the United States offset supply worries stemming from mounting tensions in ...

The Research and Innovation Foundation (RIF) on Monday announced the launch of its new pre-seed programme, with a total budget of €1.2 million, which aims to boost Cyprus’ startup ecosystem. According ...

Bitcoin and ether plunged on Monday to multi-month lows as worries over a possible US recession in the wake of soft data gripped financial markets and triggered a rush to ...

The Paphos Chamber of Commerce and Industry (Evep) has welcomed the signing of an agreement between the Deputy Ministry of Tourism and a consortium that will move the Paphos marina ...

Stock markets tumbled on Monday and Japanese shares plummeted a gut-wrenching 13 per cent as fears the United States could be heading for recession sent investors rushing from risk while wagering ...

By Geoffrey Ditta The allure of Europe’s capitals and major cities is undeniable. For decades, people have flocked to them to work in industry, set up businesses, and seek ...

The market for artificial intelligence (AI) platforms software experienced rapid growth in 2023 and is expected to maintain its remarkable momentum, driven by the increasing adoption of AI across numerous industries, ...

Major video game publishers including Electronic Arts and Take-Two will likely stave off a big hit from the strike by voice actors and motion-capture artists due to their in-house studios ...

Companies worldwide are lowering full-year sales and profit guidance as higher interest rates and weakness in China’s economy hurt global consumer sentiment, taking the shine off earnings growth in ...

Apple’s (AAPL.O) upcoming artificial intelligence features will arrive later than anticipated and will miss the initial launch of upcoming iPhone and iPad software overhauls, according to a report ...

Here are the top business stories in Cyprus from the week starting July 29: Deputy Tourism Minister Kostas Koumis recently completed a tour of Limassol’s wine-producing regions, focusing on villages ...

Global hedge funds ditched bets against European stock markets at the fastest pace in 10 years amid a raft of better-than-expected company results, according to a Goldman Sachs (GS.N) note ...

McDonald’s (MCD.N) reported a surprise drop in sales and missed Wall Street estimates for quarterly profit on Monday, as the burger giant struggled to draw in cash-strapped customers ...

Diageo (DGE.L) is set to post its first yearly sales decline since 2020 next week, when it needs to convince investors that plans to turn around its North American and ...

YouTube speeds in Russia are set to sharply decline on desktop computers due Google’s failure to upgrade its equipment in Russia and its refusal to unblock channels of Russian ...

By Ioannis Tirkides A common thread runs through many of the elections taking place around the world this year: a rise in populism and nationalism, a move towards protectionism and ...

Eurobank Cyprus generated a net profit after tax of €105.7 million in the first half of 2024, according to the bank’s financial results released on Friday. Specifically, the bank’s financial ...

Professor Soteris Kalogirou of the Cyprus University of Technology (Tepak) has been elected as a member of the Artificial Intelligence Industry Academy, according to an announcement by the university. Tepak ...

Eurozone banks have “room for improvement” in their cyber security, starting with how they would keep their business running after a hack, the European Central Bank said in an announcement. ...

LinkedIn agreed to pay $6.625 million to settle a proposed class action accusing the Microsoft (MSFT.O) unit of overcharging advertisers by inflating how many people watched video ads on its ...

Meta Platforms (META.O) has said that it will roll out a new tool called AI Studio that will allow users to create, share and design personalized AI chatbots. The ...

The value of cashless transactions in Cyprus reached €129 billion in the second half of 2023, with a total of 152 million transactions, reflecting an increase of 12 per cent and 15 per cent, respectively, ...

Low-cost carrier Wizz Air is set to launch a new route from Larnaca to Cairo on October 29, according to an announcement released on Friday. The airline said that “the new ...