Business

OpenAI recently closed a $6.6 billion funding round at a $157 billion valuation that highlighted the enthusiasm around generative artificial-intelligence technology since the startup burst onto the scene with the launch of ...

A high-stakes corporate earnings season kicks into gear next week, with bullish investors hoping results will justify increasingly rich valuations in a U.S. stock market near record highs. The ...

In managing the Cyprus economy, decision-makers focus on real GDP growth and whether the government is generating surpluses. Indeed, government officials backed by the European Commission, the IMF and numerous ...

Britain’s finance industry on Friday called on the new Labour government to phase out additional taxes on banks, warning that lenders in London face a higher total tax burden ...

Britain’s construction sector grew at its fastest pace in nearly two-and-a-half years in September, helped by a sharp jump in civil engineering and an upturn in house-building, but costs ...

Here are the top business stories in Cyprus from the week starting September 30 The European Researchers’ Night, under the motto “Mission Possible,” drew thousands of visitors to the Cyprus State ...

OpenAI, the company behind ChatGPT, has raised $6.6 billion from investors, which could value the company at $157 billion and cement its position as one of the most valuable private companies in ...

Meta Platforms must restrict the use of personal data harvested from Facebook for targeted advertising, Europe’s top court ruled on Friday, backing privacy activist Max Schrems. Schrems took his ...

Oil prices rose further on Friday and were on track for strong weekly gains as investors weighed the prospect of a wider Middle East conflict disrupting crude flows against a ...

The rate of inflation in Cyprus hit a three-year low of 0.7 per cent in September, mainly due to the fall in oil prices. According to the Cyprus Statistical Service (Cystat), ...

Global stocks rose on Friday while oil prices were headed for their biggest weekly gain in two years, as escalating tensions in the Middle East kept markets on edge. With ...

The Chief Scientist for Research, Innovation and Technology of Cyprus, Demetris Skourides, attended the 8th Annual Meeting of the European Forum for Medical Advancement (EFMA) in Limassol, Cyprus. In his ...

The number of bounced cheques dropped to a paltry 23 in September, with a total value of €72,185, according to the preliminary list issued by the Central Bank of Cyprus (CBC). Specifically, ...

A delegation of the Cyprus Chamber of Commerce and Industry (Keve) was in Qatar this week, to discuss a range of issues including energy, infrastructure, technology and tourism. Led by ...

Bold initiatives and innovative projects are guiding the sector to a low-emission future As the European Union (EU) steps up its efforts to reach climate neutrality by 2050, the environmental impact ...

Deloitte Cyprus has issued its 13th Transparency Report, covering the period from June 1, 2023 to May 31, 2024. This report presents the firm’s reflections on the 2024 financial year, offering valuable insights and ...

By Marios Chailis, CMO Libertex Group What distinguishes a trading platform in an increasingly competitive market? How can traders be confident that they are using the best tools and strategies ...

With the help of real-time transaction monitoring, financial institutions can prevent and detect fraud by viewing the underlying transaction data in real time and going through any transaction that seems ...

TEDxMolos Women 2024 made its mark on the local scene, taking place on September 26, at the authentic Plefsis Hall in Limassol’s Old Port. Much like the previous TEDxMolos event in ...

The rate of inflation hit a three-year low 0.7 per cent in September, mainly because of the fall in oil prices. According to the Cyprus Statistical Service (Cystat), the Consumer Price ...

Global stocks dipped as European and Asian share indexes broadly retreated on Thursday, while oil prices rose further as markets weighed the risk of a widening Middle East conflict. Euro ...

The value and volume of turnover in Cyprus’ retail trade saw a notable increase in August 2024 compared to August 2023, according to the Cyprus Statistical Service (Cystat). Specifically, the retail trade ...

Oil prices rose on Thursday on investor concern that a widening Middle East conflict could disrupt crude oil flows from the region, though a stronger global supply outlook kept a ...

The European Commission on Thursday announced that it had sued Cyprus over the country’s failure to implement European Union laws regarding corporate tax. Cyprus has, according to the commission, ...