Business

The Bank of Cyprus on Monday released its financial results for the fiscal year ending December 31, 2023, posting a profit after tax of €487 million, with new lending reaching €2 billion in total. “2023 ...

Walt Disney (DIS.N) is harnessing artificial intelligence to power a new advertising tool that will help brands tailor their commercials to fit the mood of specific scenes within a ...

Technology company Nokia (NOKIA.HE) has unveiled an AI-powered tool that generates messages for industrial workers, including warnings about faulty machinery based on real-time data and recommended ways to boost ...

Research is helping strawberries and raspberries become more resilient to climate change and snacks become healthier. By Matthew Newman Supermarkets across Europe offer such regular and wide selections of strawberries, ...

Nvidia (NVDA.O) eclipsed Google-parent Alphabet (GOOGL.O) as the third most valuable US company on Wednesday, just after overtaking Amazon (AMZN.O) and as investors looked to the dominant ...

The European Union is set to fine Apple AAPL.O about 500 million euros ($539 million) over alleged breaches of EU competition law, the Financial Times reported on Sunday citing unnamed sources. ...

Tourism revenues in China during the Lunar New Year holidays that ended on Saturday surged by 47.3% year-on-year thanks to a domestic travel boom amid a longer-than-usual break, official data showed ...

Big players like Polkadot and Cardano have seen more greens than red recently. But conversations aren’t around price recovery for the big boys but excitement for new projects like ...

Here are the top business stories in Cyprus from the week starting February 12: In a recent development, Cyprus’ Research and Innovation Foundation on Monday announced that it is joining forces ...

Google (GOOGL.O) has pledged 25 million euros ($26.98 million) to help people in Europe learn to use artificial intelligence (AI). Announcing the funding on Monday, the tech giant said it had ...

Cisco Systems (CSCO.O) said it would cut 5 per cent of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough ...

EU industries from food and drinks to chemicals and biotechnology are seeking to profit from materials in water after it has been used. By Michael Allen For decades, most of ...

Israel’s Tower Semiconductor (TSEM.TA) has submitted a proposal to India’s government to build an $8 billion chipmaking facility in the South Asian nation, according to national daily Indian ...

Crypto enthusiasts are smiling as the crypto market turns around. Consequently, Stacks (STX) and SUI market activity puts them on the list of the best coins to invest in 2024. On ...

In the European maritime arena, Cyprus plays a notable role in advancing sustainable shipping practices, with a focus on initiatives led by key industry player Lemissoler Navigation. This exploration delves ...

The implementation of development expenditures in the Cyprus state budget for the year 2023 has reached 72 per cent, compared to 70 per cent in 2022 and 69 per cent, the annual average of the ...

Minister of Transport Alexis Vafiadis this week met with the newly appointed board of the Cyprus Ports Authority, engaging in discussions that focused on a number of key issues, including ...

Two key groups of lawmakers at the European Parliament this week ratified a provisional agreement on landmark artificial intelligence rules ahead of a vote by the legislative assembly in April ...

The French government on Tuesday cut by 20 per cent a subsidy higher-income car buyers can get for purchasing electric and hybrid vehicles in order to keep from overrunning its budget ...

Government employment in Cyprus witnessed a significant increase of 2,687 people (5.2 per cent) in January 2024, compared to the corresponding month in 2023, reaching a total of 54,706 people, as reported by the Cyprus ...

The Alpha Bank Group’s role in supporting the continued growth of Cyprus’ economy was discussed in a series of important meetings, according to an announcement released by the bank ...

The Cyprus Investment Funds Association (CIFA) this week held its annual general meeting (AGM), which sought to highlight the significant role and contributions of the investment funds sector in driving ...

Google will allow businesses to install an auto-updating version of the Chrome operating system to Windows devices, potentially preventing millions of PCs from hitting landfills after Microsoft (MSFT.O) ends ...

Freedom Holding Corp. (FRHC), the founder of Freedom Finance Europe, on Friday released its financial results for the third quarter of the fiscal year 2023, ending on December 31, 2023, reporting an impressive ...