Business

By Souzana Psara Cloud computing is more than just a passing buzzword, it is a transformative force driving the digital revolution in Cyprus, entrepreneur driving technological innovation on the island ...

Adobe (ADBE.O) last week said it is rolling out new image-generation technology that can draw inspiration from an uploaded image and match its style, in its latest push to ...

Europe’s telecoms operators pushing for Big Tech to help pay for the rollout of 5G and broadband will likely have to wait for the next European Commission to decide ...

The head of Germany’s cartel office has warned that artificial intelligence may boost Big Tech’s market power and regulators should be on the lookout for any anti-competitive behaviour. ...

HP Inc (HPQ.N) recently released a forecast showing that its fiscal 2024 earnings will largely be in line with estimates and raised its annual dividend, reflecting stabilizing demand in the ...

The Australian government said this week that it planned to introduce laws that would empower the central bank to regulate digital wallet providers including Apple Pay (AAPL.O) and Alphabet’...

In the aftermath of Russia’s invasion of Ukraine global energy geopolitics and trade flows have undergone massive realignments. With the Western embargo on Russian oil and gas, Europe has ...

With three gold and two silver medals, Cyprus ranked third in The Economist’s economic pentathlon which calculated how the 27 EU member states perform on the five major challenges facing ...

Here are the top business stories in Cyprus from the week starting October 9: President Nikos Christodoulides highlighted the significant role of the shipping industry in Cyprus’ economy during his address ...

Bugs, microalgae and bacteria are emerging as healthy and sustainable alternatives to traditional proteins. By Pieter Devuyst Dr Janina Seubert believes the path to healthier human diets is through the ...

AMD said this week that it plans to buy an artificial intelligence startup called Nod.ai as part of an effort to bolster its software capabilities. In its race to ...

Samsung Electronics (005930.KS) on Wednesday said its preliminary third-quarter profit dropped by a smaller-than-expected 78 per cent, as the battered memory chip market shows early signs of recovering from a severe ...

Energy Minister George Papanastasiou on Saturday reportedly walked out of a meeting with senior officials from the Electricity Authority of Cyprus (EAC). Reports soon emerged that the all-day meeting, which ...

In a rapidly evolving global financial landscape, the role of financial institutions and fintech companies is more crucial than ever. One such company making waves in the industry is Admiral ...

The Cyprus Securities and Exchange Commission (CySEC) this week reported that the assets under management (AUM) for Management Companies and Undertakings of Collective Investments (UCIs) in the second quarter of 2023 ...

Cyprus has reported a substantial 22.1 per cent increase in the number of commercial flights during September 2023, when compared to the same month from the previous year. This report was created ...

The Business Leaders Summit, a prominent gathering of business leaders in Cyprus, is back to shed light on the major issues and challenges modern business leaders face. Organised by the ...

By Maria Demertzis The digital euro will likely be a reality in the not-so-distant future. For the European consumer, however, is still unclear what difference it will make to her ...

Britain’s financial regulator this week said it was stopping peer-to-peer platform rebuildingsociety.com from approving financial promotions for Binance and other crypto asset firms, days after Binance announced it ...

German carmaker BMW (BMWG.DE) saw group sales of its battery-electric vehicles surge by 79.6 per cent year on year in the third quarter of 2023 to 93,931 units, the company said on ...

Construction began on a new solar farm at the Nicosia general hospital on Friday. The first phase of the solar farm project is set to be completed in January, with ...

Cyprus’ decision on whether to participate in the EuroAsia Interconnector will be made immediately once the study for the project is submitted in mid-November, Energy Minister George Papanastasiou said on ...

Energy experts at a conference in Cyprus said the island has massive potential for renewables and can surpass its 2030 targets if it properly manages the upcoming challenges. The key hurdles – ...

Cyprus and Egypt are currently experiencing more immediate credit risks compared to other nations due to the Israel-Hamas conflict, according to a report by Germany-based ratings agency Scope Ratings. In ...