Business

Here are the top business stories in Cyprus from the week starting September 18: Tourist arrivals to Cyprus witnessed a significant surge of 60,254 visitors in August 2023, a rise of 13.4 per cent ...

OpenAI on Wednesday unveiled Dall-E 3, the latest version of its text-to-image tool that uses its wildly popular AI chatbot ChatGPT to help fill in prompts. Dall-E 3 will be available to ...

Cisco Systems (CSCO.O) has agreed to buy cybersecurity firm Splunk (SPLK.O) for about $28 billion in its biggest-ever deal to beef up its software business and capitalize on the ...

A softening employment market in Britain “must weaken” consumer demand in 2024/25, the boss of clothing retailer Next (NXT.L), said on Thursday. “I’m not going to try and predict ...

Bitfinex recently hit the headlines after it announced that capital outflows in the crypto market for August had reached $55 billion. The figure was calculated after taking into account the capital ...

In the crypto ecosystem, where change is the only constant, two top crypto coins, Solana (SOL) and InQubeta (QUBE) are making considerable strides. With the former threatening a fresh breakout ...

In a collaborative effort to tackle the challenges facing the tourism industry, particularly the shortage of staff, the Pancyprian Association of Owners of Hospitality Centres (Osika) held a meeting earlier ...

The upward trajectory of property prices in Cyprus over recent years, driven notably by the rising cost of construction materials and increased demand, has prompted concerns among experts, including Marinos ...

During a meeting held this week in New York, Cyprus President Nikos Christodoulides engaged in discussions with the leadership of Ernst and Young, headed by Julie Linn Teigland, Managing Partner ...

Cyprus is dedicated to a dual green and digital transformation, with clear objectives aligned with EU priorities, according to a statement released on Thursday by Deputy Minister of Research, Innovation, ...

By Maria Demertzis At the heart of the EU’s legitimacy as an institution is its treaties. These agreements on what Europeans need to do together to achieve common goals ...

Cryptocurrency usage is growing in Nigeria as Africa’s largest economy grapples with a weakening currency and soaring inflation, New York-based blockchain research firm Chainalysis said in a report this ...

House president Annita Demetriou met on Friday with the new Accountant-general Andreas Antoniades. At the meeting, she “declared her readiness to strengthen the cooperation between parliament and the General Accounting ...

Europe is set for a recession and we must have a strong economy to combat it, Trade and Energy Minister Giorgos Papanastasiou told CyBC on Friday. His warning came when ...

British retail sales partially recovered in August after a rainy July washout, official figures showed on Friday, adding to signs that the country’s consumers were mostly coping with the ...

British companies endured a much tougher September than feared, marked by growing unemployment and recession risks, according to a survey on Friday that underlined why the Bank of England halted ...

Invest Cyprus on Friday released a statement outlining the targeted actions that it has taken to attract investments in the tourism and hospitality sector, within the context of its successful ...

While 2023 may have entered its last quarter, it is far from over in the crypto market as investors look to position themselves for massive ROIs in the year’s remaining ...

Oil prices rose on Friday as concerns that a Russian ban on fuel exports could tighten global supply outweighed fears that further US interest rate hikes could dent demand, but ...

The crypto market, albeit known for its volatility, can still surprise with its ability to create both exhilarating rallies and astounding dumps. The recent events surrounding Arbitrum ($ARB) have sent ...

Turkey’s central bank raised its key interest rate by a lofty 500 basis points to 30 per cent on Thursday, marking a second month of aggressive tightening after President Tayyip Erdogan ...

Larnaca port is investing in cruise destinations in the Eastern Mediterranean, it announced on Friday with the goal of attracting tourists from new markets and offering them upgraded tourist experiences. ...

When Lachlan Murdoch, the eldest son of media titan Rupert Murdoch, was named the sole chairman of News Corp (NWSA.O) Thursday, the announcement put to rest immediate questions about ...

The Cypriot banking sector managed to bolster its resilience in 2023, despite recent economic and geopolitical events, according to Constantinos Herodotou, the governor of the Central Bank of Cyprus. Speaking at ...