#business

A US bank regulator told banks to pause dabbling directly in crypto in 2022 and 2023, but did not order them to stop providing banking services to crypto companies contrary to industry ...

Sales of new passenger cars in Russia increased by 47 per cent year on year to 1.55 million units in 2024, Russian news agencies reported, citing industry and trade ministry data. New sales ...

By Marios Clerides Cyprus has gone through a series of crises in recent years, after the government started to lose access to international money markets around 2012. This was followed by ...

By Michalis Persianis The last two years have proven that the well-known clichés about the Cypriot economy are indeed true. Our economy is resilient, robust, highly adaptable and highly ...

OpenAI recently laid out a plan to transition its for-profit arm into a Delaware public benefit corporation (PBC) to help it raise capital and stay ahead in the costly AI ...

The number of people visiting British shops last year fell by 2.2 per cent, the biggest drop since 2021, industry data has shown, adding to signs of a broader economic slowdown. The ...

Although people may complain about the rising prices, Cyprus’ real estate market is still an ideal sector to invest for long-term security and prosperity, said Yiannis Misirlis, chairman of the ...

Staying home to dance the night away may soon be the next big thing. EU-funded researchers are using AI to create an online dancefloor for the whole world to share. ...

The Association of Cyprus Banks on Monday announced that interbank and cross-border transactions will soon be completed in just 10 seconds, with the service being available round-the-clock. The new service will ...

The cybersecurity sector is poised for a shift in perception regarding artificial intelligence (AI) in 2025, according to Andrey Leskin, CTO of Qrator Labs. “Over the past two years, there have ...

Poland’s manufacturing sector saw a further decline in December, with the Purchasing Managers’ Index (PMI) dropping to 48.2 from 48.9 in November, marking the strongest deterioration since August, S&P ...

Nvidia (NVDA.O) emerged as the biggest global gainer in market capitalization for 2024, driven by surging interest in artificial intelligence and the robust demand for its AI-centric chips across various ...

Cyprus’ ten most expensive property sales during November reached a total value of €24 million, according to real estate analytics firm Ask Wire. The highest-value sale occurred in Limassol, involving offices ...

British house prices surged again in December as the property market upswing continued, surprising economists who had expected to see a slowdown in price growth, mortgage lender Nationwide said this ...

Chipmaker Nvidia (NVDA.O) has completed its acquisition of Israeli AI firm Run:ai, the startup said this week, following antitrust scrutiny over the buyout. The European Commission granted unconditional ...

Samsung Electronics (005930.KS) became the largest shareholder of South Korea’s Rainbow Robotics (277810.KQ), the robotics company said in a regulatory filing. Samsung, which had previously invested in the robotics ...

Industrial turnover in Cyprus increased by 1 per cent in October 2024 compared to the same month in 2023, according to the Cyprus Statistical Service (Cystat). In its latest industrial turnover report, released ...

Cyprus’ ten most expensive property sales during November reached a total value of €24 million, according to real estate analytics firm Ask Wire. The highest-value sale occurred in Limassol, involving offices ...

The Cyprus Mail recently sat down with Vladimir Bakuteev, a Cyprus-based AI entrepreneur and serial tech founder whose ventures span industries such as VR, gaming, education, and artificial intelligence. As ...

Oil prices were little changed on Friday and poised for weekly gains after closing at their highest in more than two months in the previous session, underpinned by expectations of ...

Turkish inflation was lower than expected at 44.38 per cent annually and 1.03 per cent on a monthly basis in December, data showed on Friday, in a month in which the central ...

British lenders approved fewer mortgages than expected in November and consumer lending increased at the weakest pace since mid-2022, according to Bank of England data that chimed with other indications ...

Total deposits in Cyprus amounted to €54.8 billion in November 2024, according to the Central Bank of Cyprus’ monetary and financial statistics report released this week. In addition, the central bank’s ...

The retail trade turnover value index in Cyprus increased by 7.2 per cent in November 2024, compared to the same month in the previous year, according to a report released this week ...