#business

By Maria Demertzis The familiar debate asks whether AI will destroy jobs or create new ones. While we await the outcome, the most alarming labour-market effect of artificial intelligence so ...

Aviation lawyer Amanda Applegate skipped ​her annual vacation last month as a surge of wealth from AI startups and SpaceX (SPCX.O) sent a wave of tech investors shopping for ...

The cryptocurrency industry is starting to prepare for the threat of quantum computing as recent advances fuel concerns that the technology could soon be able to crack the cryptography that ...

Amazon (AMZN.O) expects to roll out initial internet service with its Leo broadband satellite ​network later this year after the company’s latest launch put the orbiting constellation’s ...

Cyprus’ Scientific and Technical Chamber (Etek) has called for immediate measures to tackle severe labour shortages in the construction sector during a meeting with the labour minister, warning that the ...

Using NASA’s Perseverance rover, scientists are getting a greater understanding of the nature of some of the organic carbon — the molecular backbone for all known ​living organisms — detected on ...

The Paphos regional tourism board (Etap Paphos) said this week that its summer campaign to attract domestic tourism has reached its peak, reporting strong engagement as it seeks to encourage ...

By Stephanos Spyrou Cyprus is one of Europe’s smallest nations, but for six months this year it held the gavel for the whole European Union, and used the closing ...

Here are the top business stories in Cyprus from the week starting July 6: As Cyprus’ property and construction sectors continue to expand in 2026, the country’s real estate market stands ...

Seasonally adjusted services production rose by 0.7 per cent in the euro area and 0.3 per cent in the European Union during April 2026, according to Eurostat. This increase follows growth recorded in ...

Apple (AAPL.O) plans to spend more than $30 ​billion under a multi-year chip supply deal with Broadcom, bolstering ‌its US sourcing as President Donald Trump’s administration pushes to expand ...

Activity in Britain’s dominant services sector contracted for a second month running in June and by the most since early 2023 as the fallout from the Iran ​war continued to ...

Cyprus has joined the second phase of the European Tech Champions Initiative (ETCI 2.0), a new European investment programme aiming to mobilise €80 billion to support more than 1,500 fast-growing technology companies across ...

A team of teenagers from Limassol has secured third place in Europe after transforming an ordinary lip gloss into a discreet tool designed to help women detect potentially harmful substances ...

The Bank of England said this week that artificial intelligence poses a growing threat to financial stability, as investors bet heavily it will prove ​a success while the technology increases ...

OpenAI has publicly launched GPT-5.6, its most advanced AI model, following a delay last month prompted by US government requests over heightened national security concerns about the potential misuse of ...

Renault Group (RENA.PA) is achieving better margins on its compact electric R5 than ​larger models like the Megane or Scenic, ‌CEO Francois Provost told French business daily Les Echos ...

Britain’s construction sector contracted sharply again in June, though the downturn eased ​slightly from May’s six-year low as commercial ‌building weakened less, a business survey showed this week. ...

The International Monetary Fund (IMF) announced this week a downward revision of its 2026 global economic growth forecast compared to its April projections, citing the ongoing war in Iran. The fund ...

The European Securities and Markets Authority (ESMA) has launched a public consultation, active until August 12, 2026, to gather feedback on proposed revisions to the Disclosures Delegated Act (DDA) under the European ...

British low-cost airline easyJet accepted an improved takeover proposal from US private equity firm Apollo on Friday, triggering a bidding battle after the new £5.7 billion offer surpassed a rival proposal ...

MHV Mediterranean Hospitality Venture Plc held its annual general meeting (AGM) on Friday, securing a full turnout of its share capital. The company confirmed that the meeting saw participation either ...

Lordos United Public Ltd announced on Friday that it has signed an agreement to acquire a 51 per cent controlling stake in P&S Carton Industries Ltd for €8.16 million in ...

Eurostat figures released on Friday showed that employment in Cyprus’ cultural sector reached 4.3 per cent of total employment in 2025, matching the European Union average. The data showed that approximately 21,900 people ...