Cyprus Business Now
The University of Cyprus (UCY) this week announced that it is set to host a two-day event on artificial intelligence, called AI Days, on November 27-28.
In its announcement, the ...
Global EV sales stay strong
Electric-vehicle sales are seeing continued strength globally with China reporting record monthly sales in October despite the end of subsidies, according to market research firm Rho Motion.
China ended an 11...
Google fined $164,000 for failing to store user data inside Russia
Google (GOOGL.O) was fined 15 million roubles ($164,000) on Tuesday for repeated refusal to store Russian users’ data on servers inside Russia, a Moscow court said.
Russia has repeatedly clashed with ...
UK petrol station group EG to buy Tesla charging units
British petrol station operator EG Group will buy Tesla’s (TSLA.O) ultra-fast charging units to help roll out its electric vehicle charging network across Europe, it said on Monday.
...
Vineyards of the future will produce more than wine
Europe is seeking to use emissions and residues from winemaking for new products ranging from animal feed to antibiotic alternatives.
By Alex Whiting
In Palmela, a wine region near Portugal’...
US consumer watchdog proposes rules for online payments, digital wallets
The top US consumer financial watchdog recently proposed to regulate tech giants’ digital payments and smartphone wallet services, saying they rival traditional payment methods in scale and scope but lack ...
Big Tech to face tougher rules on targeted political ads in EU
Big Tech firms will face new European Union rules to clearly label political advertising on their platforms, who paid for it and how much and which elections are being targeted, ...
Amazon dedicates team to train ambitious AI model codenamed ‘Olympus’
Amazon (AMZN.O) is investing millions in training an ambitious large language model (LLMs), hoping it could rival top models from OpenAI and Alphabet (GOOGL.O), two people familiar with ...
EBay forecasts fourth-quarter results below estimates on weak consumer spending
Ebay (EBAY.O) forecast fourth-quarter revenue and profit below Wall Street estimates on Tuesday and joined other e-commerce platforms in sounding the alarm on weaker-than-expected consumer spending.
San Jose, California-based ...
Samsung, Qualcomm flag concerns with India’s push for live TV on phones
Samsung and Qualcomm are among those opposing India’s choice of technology to bring live TV broadcasts on smartphones, arguing the required hardware changes will push up a device’s ...
Silver reveals luxury tastes of Vikings and trade talents of ancient Greeks
The precious metal’s role as far back as antiquity offers a window into the rise and fall of past civilisations.
By Gareth Willmer
Vikings, traditionally depicted as primitive bearded ...
Cyprus urged to boost tech ecosystem — ‘economy must become more knowledge-based’
A number of technology and business experts this week stressed that while Cyprus holds great promise as a technological destination, more efforts are needed to establish a knowledge-based economy on ...
TikTok owner ByteDance offers to buy back shares from staff at $160 apiece
China’s ByteDance, the parent of short video app TikTok, is offering to buy back shares from its employees outside the United States for $160 apiece, a source familiar with the ...
Shakespeare’s portrait sent to edge of space to mark 400 years of ‘First Folio’
A portrait of William Shakespeare and a copy of a speech from “A Midsummer Night’s Dream” were sent to the edge of space as part of a short film ...
Apple suffers setback in fight against EU’s $14 billion tax order
An EU tribunal made legal errors when it ruled in favour of Apple over a 13-billion-euro ($14 billion) tax order and should review the case again, an adviser to Europe’s ...
Musk to integrate xAI with social media platform X
Elon Musk’s artificial intelligence startup xAI will be integrated into his social media platform X and also be available as a standalone app, he said on Sunday in a ...
To secure raw materials, Europe turns to recycling
Extracting gold, silver and other commodities from discarded goods has industrial, geopolitical and environmental benefits for the EU.
By Tom Cassauwers
Dr John Bediako has criss-crossed the globe his whole ...
Sustainable cotton group boosts tracking for top retailers
Swiss-based sustainability group Better Cotton said on Thursday it has added new functions to a platform that big retailers use to trace materials through their supply chains.
Better Cotton said ...
Vietnam eyes first semiconductor plant, US officials warn of high costs
Vietnam is holding talks with chips companies with the aim of boosting investment in the country and possibly building its first chipmaking plant, or fab, two business executives said, despite ...
Europe’s battery charge to power a green economy
As it moves away from fossil fuels and towards climate-neutrality, the EU is placing strategic importance on the market for batteries and stepping up research in the field.
From mobile ...
EU nears first legal framework on artificial intelligence
By Stefanos Sofroniou
The first ever legal framework on Artificial Intelligence could be agreed upon by the EU legislators as soon as this December. The draft Regulation proposed by the ...
Shopify merchants seek AI boost for key sales decisions
A week after e-commerce giant Amazon(AMZN.O) said it is giving its sellers new generative artificial intelligence advertising tools this holiday season, Shopify (SHOP.TO) has to prove to ...
PC market recovery gathers pace as Intel, AMD tout potential of ‘AI PC’
The earnings of Intel (INTC.O) and Advanced Micro Devices (AMD.O) have offered more evidence a recovery is gathering pace in the personal computer market, boding well for an ...
Governments race to regulate AI tools
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 ...