Business

Companies that can control the rapidly rising cost of artificial intelligence could gain a competitive advantage as AI models become increasingly commoditised, according to PwC. The professional services firm said ...

Global shipments of extended reality (XR) headwear fell 38.7 per cent year-on-year to 1.9 million units in the first half of 2026, as growing demand for XR glasses failed to offset a steep ...

Here are the top business stories in Cyprus from the week starting September 7: Cyprus and Bahrain signed a new memorandum of understanding (MoU) on maritime cooperation, expanding ties across maritime ...

Services production across the euro area fell in June as the sector’s recovery from the previous month’s growth lost momentum, while data from Cyprus showed a more mixed ...

Argentina’s rugged Patagonia is drawing increasing interest from investors searching for sites for mega data centers who are enticed by the region’s cool temperatures, renewable energy, shale gas ...

Cyprus maintained one of the EU’s highest employment rates among people aged 20 to 64 in the second quarter of 2026, even as the overall EU rate edged up only slightly, according ...

The Digital Cooperation Organisation (DCO) has launched an international artificial intelligence challenge aimed at finding practical solutions to water-sector problems, with innovators from Cyprus among those eligible to apply. Cyprus ...

Investing in financial products rarely comes down to simply choosing an asset and opening a position. Even with a high-quality trading platform, results largely depend on how well a trader ...

Business & economy wrap-up from the day before Cypriot economists have warned that the European Central Bank (ECB) could raise interest rates further if the war in the Middle East ...

The number of bounced cheques fell by 20.5 per cent in the first eight months of 2026 compared with the same period a year earlier, while their total value also declined, according ...

The European Central Bank (ECB) has found that synthetic securitisation provides only a marginal boost to corporate lending, raising questions about how far the growing market can contribute to European ...

Few things please a Cyprus traveller quite like a €39 airfare. Unfortunately, we are also rather good at spending the saving before the airplane has left the ground.  The first mistake ...

The ​European Space Agency is considering increasing the launch rate of its Ariane 6 and Vega-C rockets in the ‌coming years to overcome a potential bottleneck in satellite deployments, the agency’...

Tourism arrivals fell some 8 per cent in the first seven months of this year, Deputy Tourism Minister Costas Koumis announced on Friday. The year is expected to close with a ...

Rising DRAM and NAND memory component costs helped drive a 12 per cent year-on-year decline in Latin America’s smartphone market in the second quarter of 2026, with cheaper devices bearing the ...

For an independent filmmaker, a convincing soundtrack can be harder to produce than the images themselves. Dialogue must feel performed rather than read, footsteps must match movement, ambience must establish ...

We attracted a technology industry. We have not yet built the machinery that creates new companies here. That takes matched money, and a five-year plan. By Alexey Gubarev When I ...

We are delighted – and genuinely humbled – that our firm has been shortlisted in two categories at the Legal Geek Leaders in Tech Law Awards 2026 for the continued development of our ...

The Cyprus Stock Exchange (CSE) announced on Friday that trading in 13-week treasury bills of the 6th issue, series 2026, will be suspended from September 15, 2026 to September 17, 2026 inclusive. The temporary suspension ...

The Cyprus Chamber of Commerce and Industry (Keve) has called for a formal and regular dialogue with the government on competitiveness and the wider economy, arguing that Cyprus needs to ...

Eurobank on Friday said it is investing about €1 billion between 2025 and 2028 in what it described as the largest technology investment programme in the banking group’s history, as it seeks ...

Cypriot economists have warned that the European Central Bank (ECB) could raise interest rates further if the war in the Middle East continues to worsen, as higher oil prices threaten ...

Cyprus’ gender equality commissioner Josie Christodoulou has called for investment in care services to be treated as an economic and competitiveness issue, as well as a question of equality, during ...

Cyprus’ state workforce reached 53,080 employees in August 2026, rising by 419 people or 0.8 per cent from 52,661 a year earlier, according to figures released on Friday by the statistical service (Cystat).  The increase ...