Business

Australia’s central bank on Monday said tokenised money could help save billions of dollars in costs in domestic financial markets, as it studies whether and how to launch a ...

Almost one in three British adults expect to spend less on Christmas this year, with most blaming the rising cost of living, according to survey data published by PwC on ...

Cyprus witnessed a historic record in the value of investment funds funnelled into the local economy at the end of June, reaching an astounding €2.9 billion, out of a total of €10.7 ...

Finance executives at top British firms are more wary about borrowing than at any time since at least 2007, according to a survey which underscored how the climb in interest rates ...

Oil prices slipped on Monday after surging last week, with investors waiting to see if the Israel-Hamas conflict draws in other countries – a development that would potentially drive up prices ...

Praxis Tech has announced the launch of ‘Abandoned Transaction Events,’ a new feature that supports merchants to boost their conversion and retention rates by alerting them to interrupted transactions, enhancing ...

The department of town planning and housing and the municipalities acting as town planning authorities are materially responsible for the granting of town planning permits, authorising building or the execution ...

Big Tobacco firms including British American Tobacco (BATS.L) are selling heat sticks made from nicotine-infused substances such as rooibos tea, countering an incoming European Union ban on flavoured heated ...

The once-heralded FTX exchange is still relevant in the crypto industry. FTX will now liquidate many assets like Bitcoin (BTC) and Ethereum (ETH) to settle some of its enormous debt. ...

Britain and South Korea have agreed to extend a period of low or zero tariffs on bilateral trade by two years, ahead of talks to forge a new trade deal, ...

Climate change is a reality and as the UN secretary-general anxiously stated, “the planet has exceeded safety limits”. The European Union is encouraging the installation of solar, photovoltaic and other ...

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 ...