Business

Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI’s ChatGPT are complicating governments’ efforts to agree laws governing the use of the technology. Here are the latest steps ...

Yum Brands (YUM.N) topped Wall Street estimates for third-quarter results on Wednesday as a reboot of popular menu items at Taco Bell and promotional deals at KFC pulled in ...

International credit rating agency Fitch Ratings upgraded Hellenic Bank’s long-term credit rating from “BB-“ to “BB+” on Friday. At the same time, the agency also set the bank’s ...

The government on Friday welcomed the unanimous approval by the House of Representatives of the bill reducing fuel tax rate, aiming to relieve Cypriot consumers in a period of inflation. ...

The “Solar panels for all” plan will be formally announced next year, Energy Minister George Papanastasiou said on Friday. Papanastasiou was addressing the House finance committee and told them the ...

The 2023 Startups4Peace (Su4P) programme, the EU Innovative Entrepreneurship project, funded by the European Union, in collaboration with the Embassy of Finland, this week revealed the names of the ...

Why is the crypto community abuzz with excitement? It can be linked to a combination of several factors but mostly because of the impending Bitcoin (BTC) halving. As the halving ...

The Limassol Chamber of Commerce and Industry (Evel), in partnership with the European Parliament, held its second annual round table discussion on Thursday evening, with discussions revolving around a number ...

As the crypto market fluctuates, Shiba Inu (SHIB) faces bearish pressures following Binance’s delisting of several margin trading pairs. Meanwhile, Chainlink (LINK) displays a contrasting bullish momentum due to ...

In a recent move, Google Cloud established a collaboration with MultiversX aimed at bolstering the usability of artificial intelligence technology in Web3 data management. Similarly, BorroeFinance ($ROE), a new DeFi ...

Finance Minister Makis Keravnos this week highlighted the positive outlook for Cyprus’ economy and expressed his vision of supporting both small and large Cypriot industrialists in expanding their investments and ...

Hellenic Bank employees on Friday announced a three-hour work stoppage slated to take place on Monday. According to the announcement by bank employees’ union (Etyk), the strike will happen from 3...

Limassol’s real estate market saw a total of 1,235 properties being sold during the third quarter of 2023, with a combined value of €310 million, according to Cypriot fintech Ask Wire. The ...

Oil prices were little changed on Friday, but headed for a second week of losses as supply concerns driven by conflict in the Middle East eased, while the demand outlook ...

Amazon.com (AMZN.O) used a series of illegal strategies to boost profits at its online retail empire, including an algorithm that pushed up prices US households paid by more ...

A growing number of private equity funds are opening offices in the Gulf, hoping to deepen their ties with cash-rich sovereign wealth funds and families in the region as funding ...

The managing company of the Aphrodite gas field “leaves us in uncertainty,” Energy Minister George Papanastasiou said on Friday. Speaking ahead of a meeting with Chevron President Clay Neff, and ...

Construction of one of Germany’s tallest buildings has suddenly halted midway after the developer stopped paying its builder, yet another ominous sign for the nation’s troubled property sector. ...

FTX founder Sam Bankman-Fried was found guilty of stealing from customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31...

The University of Cyprus’s Economics Research Centre (CypERC) this week revised its projections for the country’s real GDP growth downward for 2023, citing various challenges and uncertainties. The centre’...

The City of Dreams Mediterranean has been honoured with the title of the world’s best new luxury resort-casino at the Seven Stars Luxury Hospitality and Lifestyle Awards 2023 (SSLHLA). In ...

British supermarket group Sainsbury’s forecast full-year profit at the upper half of previous guidance as it reported slightly better-than-expected flat profit for the first half due to demand for ...

Kraft Heinz (KHC.O) this week raised its 2023 profit estimates for the second time this year after topping quarterly earnings estimates on higher prices for its packaged meals and condiments, ...

Japanese Prime Minister Fumio Kishida said on Thursday the government will spend over 17 trillion yen ($113 billion) on a package of measures to cushion the economic blow from inflation, which will ...