#business

Global spending on cloud infrastructure services surged in the second quarter of 2025, driven by booming demand for artificial intelligence workloads, ongoing legacy migrations and cloud-native expansion. According to Canalys, part ...

Cyprus records higher digital literacy in towns than in cities People living in European Union cities tend to have stronger information and data literacy skills than those in towns, suburbs ...

Arm Holdings has announced the launch of its next-generation chip designs, called Lumex, which it has optimised for artificial intelligence to run on mobile devices such as smartphones and watches ...

Companies that accumulate and hoard bitcoin and other cryptocurrencies have suffered sharp drops in their share prices as the crypto euphoria that has gripped investors recedes. These companies sell shares ...

Deputy Minister of Tourism Kostas Koumis this week met with Athina Spakouri, Head of the Greek National Tourism Organisation’s office in Cyprus. The meeting allowed the two officials to ...

Deputy Shipping Minister Marina Hadjimanolis departed for London on Sunday, following an invitation from her British counterpart to attend London International Shipping Week 2025. According to an announcement by the Deputy ...

Wise Wolves Corporation, founded in Cyprus in 2016, has grown into a financial ecosystem with operations across Europe, Asia, the Middle East and the United States.   Yet Cyprus remains both the ...

Enterprise Europe Network Cyprus this week announced the MADtech Brokerage Event 2025, scheduled to take place in Madrid later this year. The event will be held on October 29 and 30, 2025, at the ...

Apple CEO Tim Cook seemed to be channeling predecessor and design genius Steve Jobs on Tuesday when he unveiled the iPhone Air, the company’s slimmest handset yet and the ...

Here are the top business stories in Cyprus from the week starting September 8: Cyprus’ airports reached record-breaking levels of passenger traffic in August, with a combined 1.8 million travellers recorded at ...

Meta Platforms (META.O) and TikTok has won a legal challenge to the way EU regulators calculated a supervisory fee imposed on them under landmark tech rules, but will receive ...

EU-funded researchers are cultivating fungi on agricultural waste to create smarter and greener construction materials able to adapt and react to their environment, and even repair themselves. By Anthony King ...

US producer prices unexpectedly fell in August amid a compression in trade services margins and mild increase in the cost of goods, suggesting that domestic businesses were probably absorbing some ...

Larnaca is set to maintain a steady flow of tourists during the winter months, according to current bookings and trends. At the same time, the city’s hotels will all ...

The European Investment Bank (EIB) this week announced its commitment to provide €17.5 billion to support energy efficiency improvements across more than 350,000 small and medium-sized enterprises in Europe over the next ...

Business & economy wrap-up from the day before Eurobank Cyprus on Friday confirmed that its merger with Hellenic Bank is now fully underway, marking the creation of the new Eurobank ...

A team from Neapolis University Pafos was recently tanked in 79th place at the ICPC World Finals 2025, held in Baku, and also received the Honours distinction. The ICPC is a ...

Nearly half of new startups are choosing to incorporate outside of Israel, the Israel Advanced Technology Industries Association (IATI) said this week, citing easier regulations in the United States. According ...

Over 150 bosses from Europe’s electric car industry signed a letter this week urging the European Union to stick to its 2035 zero emission target for cars and vans. The electric ...

Contactless card payments in Britain could exceed a 100-pound ($135.35) limit under new proposals outlined by the markets regulator this week. The Financial Conduct Authority (FCA) said it was proposing giving ...

Limassol will host two major international trade union events in September, placing Cyprus at the centre of global maritime discussions. According to Omepege – Sek, which supports their organisation and represents ...

Bioland Promithia, part of Bioland Energy Group Ltd – one of the largest and fastest-growing renewable energy producers in Cyprus – has announced its participation in the Competitive Electricity Market (CEM), which ...

Telecommunications provider Cyta on Friday announced the departure of Andreas Neocleous from his role as chief executive officer, effective September 12, 2025. “During his tenure as CEO, Neocleous contributed decisively to Cyta’...

Rising construction costs and their knock-on effect on the housing shortage were at the centre of talks held in Brussels by Stephanos Pierides, secretary general of the Federation of Associations ...