#business

Artificial intelligence is pushing companies towards flatter hierarchies, allowing them to focus on advanced education and skills, according to Fivos Tsountas, Principal at KPMG Cyprus. “Artificial intelligence (AI) technologies are ...

Influencers in Cyprus face increased scrutiny as authorities step up checks on tax compliance and transparency in advertising. This move, aimed at protecting consumers, follows new EU regulations requiring influencers ...

Britain’s labour market cooled noticeably last month as job placements fell sharply and pay growth slowed, according to a survey of recruiters on Monday that could bolster the case ...

Oil futures jumped in Asian trading on Monday as a potential hurricane system approached the US Gulf Coast, and as markets recovered from a selloff following weaker-than-expected US jobs data ...

Cyprus has recorded the third highest annual growth rate within the European Union and the second highest in the Eurozone during the second quarter of 2024, according to data released by ...

A boom in data centers is expected to produce about 2.5 billion metric tons of carbon dioxide-equivalent emissions globally through the end of the decade, and accelerate investments in decarbonization efforts, ...

Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of profitably recoverable resources, according to ...

Nations building artificial intelligence models in their own languages are turning to Nvidia’s (NVDA.O) chips, adding to already booming demand as generative AI takes centre stage for businesses ...

Amazon’s revamped Alexa due for release in October ahead of the US holiday season will be powered primarily by Anthropic’s Claude artificial intelligence models, rather than its own ...

Last October, Matthew Hougan told an industry panel that he expected spot bitcoin exchange-traded funds (ETFs) to attract $55 billion of assets in their first five years. As of late August ...

Here are the top business stories in Cyprus from the week starting September 2: On the topic of international cooperation, Saudi Arabian Transport Minister, Saleh Bin Nasser Al-Jasser, visited DP World ...

The US central bank held its benchmark overnight interest rate steady in the 5.25 per cent-5.50 per cent range at the conclusion of its July 30-31 policy meeting, but since then ...

Intel was one of the first two tech companies to join the Dow Jones Industrial Average during the late-’90s dot-com boom, along with Microsoft. Now, a slump in Intel’...

Snap (SNAP.N) will concentrate on expanding and diversifying its underperforming advertising business with a focus on augmented reality, CEO Evan Spiegel informed employees in a note sent this week. ...

Enterprise cloud firm Salesforce (CRM.N) this week said it has agreed to acquire Tenyx, which develops artificial intelligence-powered voice agents, to advance its AI-driven solutions. The acquisition, for which ...

The Larnaca Regional Tourism Board (Etap) and the Larnaca Chamber of Commerce and Industry (Evel) on Friday called for significant improvements to public transport services in the district’s mountainous ...

Social media giant Meta Platforms (META.O) will inform Brazilians how it intends to use their personal data to train generative artificial intelligence (AI), it said this week, following a ...

US facial recognition company Clearview AI has been fined 30.5 million euros ($33.7 million) for building what Dutch data protection watchdog DPA said was an illegal database. DPA also issued an additional ...

Apple (AAPL.O) will use organic light-emitting diode (OLED) displays for all iPhone models sold in 2025 and later, moving entirely away from liquid crystal displays (LCDs), Japan’s Nikkei newspaper ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday announced the launch of a new social media campaign, urging investors to exercise caution when engaging in online investment activities. According ...

Cyprus has recorded one of the highest productivity growth rates in the services sector for June 2024 compared to the same period in 2023, according to data released by Eurostat on Friday. ...

Employment in Cyprus increased by 2.1 per cent in the second quarter of 2024, with both the number of people employed and the total hours worked showing growth. According to provisional estimates ...

Cyprus-based internet browser Aloha, which operates on a privacy-first approach, this week sent an open letter to the World Wide Web Consortium, rallying industry leaders to eliminate “annoying cookie banners” ...

The Nicosia Municipality on Friday announced the launch of a new two-month business accelerator programme. This initiative is specifically aimed at individuals, teams, and existing businesses in the creative and ...