Business

Here are the top business stories in Cyprus from the week starting February 26: The Cyprus Marine Club (CMC), a renowned non-profit organisation that plays a pivotal role in bringing together ...

Investors’ fervor for all things AI-related is leaving its mark on the US options market, as traders pile in to derivatives bets to gain exposure to the red-hot investing theme. ...

Alphabet’s (GOOGL.O) Google Cloud has ramped up its criticism of Microsoft’s cloud computing practices, saying its rival is seeking a monopoly that would harm the development of ...

Online travel platform Expedia (EXPE.O) said on Monday it was cutting about 1,500 jobs globally, or about 9 per cent of its total workforce, as part of its “organizational and technological ...

Zoom Video Communications (ZM.O) on Monday posted better-than-expected quarterly results helped by strong demand for its expanding product portfolio as more employers embrace hybrid work models, sending its shares ...

The lawyers who voided Elon Musk‘s $56 billion compensation as excessive on Friday sought a record a $6 billion legal fee, payable in the electric car maker’s stock. “We recognize ...

After a 2-year-long bearish winter, the bull market appears to be here. Confidence and optimism are nearing a frenzy, and more importantly, renewed buying interest. Investors are eyeing promising altcoins, ...

The Research & Innovation Foundation (RIF) this week released a statement highlighting Cyprus’ impact at the “Mobile World Congress Barcelona 2024” and “4 Years from Now” (4YFN), the world’s largest exhibitions ...

The Central Bank of Cyprus (CBC) and the Bank of Greece (BoG) on Friday signed a Memorandum of Cooperation during a ceremony held in Nicosia. The signing ceremony took place ...

By Charles Ellinas That’s what the findings of the Economist Intelligence Unit’s (EIU) 2023 edition of its annual ‘Democracy Index’, released mid-February, show. In contrast to Cyprus, Greece improved ...

Europe’s automakers and their already-stretched suppliers face a tough year as they race to cut costs for electric models to counter leaner Chinese rivals which are bringing cheaper vehicles ...

Microsoft’s (MSFT.O) deal with French tech startup Mistral AI is facing scrutiny in the European Union. On Monday, Microsoft announced it would soon make Mistral’s AI models ...

Amazon Web Services Mexico (AWS), a unit of Amazon.com Inc (AMZN.O), announced on Monday it will invest over $5 billion to open a cluster of data centers in Mexico, ...

Cypriot telecommunications company Cyta this week presented its 2024 budget to the House Finance Committee, underlining its commitment to strategic planning, innovation, and societal impact. Maria Tsiakka, President of Cyta, addressed ...

Eurostat’s latest data reveals a compelling shift in the landscape of Renewable Energy Sources (RES) for heating and cooling within the European Union. The year 2022 witnessed a substantial surge, ...

Elon Musk has sued ChatGPT-maker OpenAI and its CEO Sam Altman, saying they abandoned the startup’s original mission to develop artificial intelligence for the benefit of humanity and not ...

The Central Bank of Cyprus (CBC) and the Bank of Greece (BoG) on Friday signed a Memorandum of Cooperation during a ceremony held in Nicosia. The signing ceremony took place ...

Cyprus’ Business Cycle Index recorded an increase in accommodation and food services during the fourth quarter of 2023, along with a decline in professional activities, according to a report released this ...

The Ministry of Energy, Commerce, and Industry this week announced the extension of the deadline by six months, for approved applicants, to fully implement their investment proposals under the first ...

In a marathon session that extended into the early hours of Friday, the House unanimously approved the budget of the Cyprus Stock Exchange (CSE) for 2024. At the same time, the ...

The Central Bank of Cyprus (CBC) announced this week that it expects a 2.2 per cent increase in the country’s Gross Domestic Product (GDP) for the year 2023, following a substantial 5.1 ...

TLDR Worldcoin’s (WLD) network activity is rising amid its climb to an all-time high. NuggetRush (NUGX) will launch a unique gaming spectacle where gold rewards are available. Its token ...

The House of Representatives in the early hours of Friday morning approved a number of important pieces of legislation, during a session that lasted over nine hours, among which was ...

The Deputy Ministry of Tourism and the Cyprus Hospitality Association this week held the Cyprus Hospitality Awards, an event that sought to honour exceptional people and businesses from the tourism ...