Business

Amazon’s $100 million investment in a generative AI center highlights its commitment to stay competitive in the cloud infrastructure market. The AWS Generative AI Innovation Center will connect Amazon’s ...

Relentless travel demand has sent bookings at US carriers soaring, translating into bumper earnings. However, their shares have not shown the same trajectory as questions linger about the sustainability of ...

The value of properties sold in Cyprus during the second quarter of 2023 reached €1.52 billion, with the market showing signs of being impacted by the increase in interest rates, soaring inflation, ...

Employment in the government decreased by 2 per cent in June, mainly driven by the transfer of hourly-paid personnel from the Ministry of Health to the State Health Services Organisation (OKYPY), ...

The Cyprus Shipping Chamber (CSC) this week released a statement welcoming the decisions taken at the 80th meeting of the Marine Environment Protection Committee (MEPC80) regarding the revised Greenhouse Gas ...

Global hedge funds not specialising in crypto assets have grown skittish from recent industry turmoil and this has lead to an exit from the sector, a survey showed on Tuesday. ...

Britain’s economy is so far proving resilient to a surge in interest rates over the past year and a half, but it will take time for the full impact ...

Cyprus’ trade deficit grew by €824 million in the first half of 2023, compared to the same period last year, reaching €3.73 billion, primarily due to a significant increase of 19.8 per cent in ...

Finance Minister Makis Keravnos said the government is ready to discuss with the other ruling parties the strengthening of support for vulnerable groups facing foreclosures. “Within the context of the ...

Headlined ‘The day after is already here’, the 15th Conference on Corporate Sustainability & Responsibility that took place featured Hellenic Bank, which remains committed to its goal of leading the ...

Total beer deliveries in Cyprus experienced a significant decline of 16.9 per cent in June 2023, compared to June 2022, according to data released by the Statistical Service on Wednesday. However, the increase ...

Italy’s hopes of transforming its economy with billions of euros of European Union pandemic recovery funds are unravelling fast, businesses on the ground say, with inefficiencies at all levels ...

The cabinet approved on Wednesday a mortgage to rent (MtR) scheme, following approval from the European Commission last week, government spokesman Konstantinos Letymbiotis said. The commission on July 6 approved a ...

With the exception of Canada, countries with digital services taxes have agreed to hold off applying them for at least another year as a global multinationals tax deal to replace ...

Zara owner Inditex (ITX.MC) said on Tuesday it will look to recycling and sustainably farmed crops to reduce its environmental impact by 2030, as fast-fashion retailers face growing pressure to ...

We should have submitted our publicly consulted energy and climate plan to the EU by now. There’s no sign of that In a comparatively little-reported speech on June 27, at ...

Wall Street banks are expected to report higher profits for the second quarter as rising interest payments offset a downturn in dealmaking. For universal banks such as JPMorgan (JPM.N) ...

In the ever-evolving world of cryptocurrency, industry leaders continually seek avenues for greater adoption and growth. MicroStrategy founder Michael Saylor recently emphasized the significance of a Bitcoin-based spot ETF as ...

Kinx Gaming, an esports organisation headquartered in Nicosia, Cyprus, played a significant role in the successful launch of the AAA first-person shooter game, Atomic Heart. The game was developed by ...

Vehicle registrations in Cyprus experienced a substantial increase of 24.4 per cent during the first half of 2023, compared to the corresponding period in 2022. Additionally, registrations rose by 22.4 per cent in June 2023 ...

More than a quarter of jobs in the OECD rely on skills that could be easily automated in the coming artificial intelligence revolution, and workers fear they could lose their ...

Dubai residential property prices in the year to June 30 rose at their fastest in almost a decade, climbing by 16.9 per cent, while average rents jumped by 22.8 per cent, property consultancy ...

Demand for loans from businesses and individuals alike declined during the first quarter of the year as banks tightened up their lending criteria and raised interest rates, according to a ...

City of Dreams Mediterranean, Europe’s first integrated casino resort, officially opened its doors this week, with high hopes that it would usher in a new era for tourism. The ...