#business

Artificial intelligence will bring major upheaval to wealth management, a Microsoft (MSFT.O) executive said, as the technology’s potential to process information vastly reduces the hurdles required to compete ...

The European Commission this week scrapped draft rules regulating technology patents, AI and consumer privacy on messaging apps, saying it did not expect them to receive the green light from ...

The United Arab Emirates, known for its opulent cities Dubai and Abu Dhabi, has begun mapping air corridors for air taxis and cargo drones, its civil aviation authority said in ...

Barclays (BARC.L) raised its 2025 performance targets this week after reporting a better than expected 24 per cent rise in annual pretax profit driven by investment banking income growth and strength ...

Tokyo-based moon exploration company ispace (9348.T) is heartened by signs the United States and Japan will remain on course for joint lunar missions, its CEO said, amid growing uncertainties in ...

The total weight of goods transported by road within Cyprus rose by 9.9 per cent in the third quarter of 2024, when compared to the same period in 2023, according to a report ...

US President Donald Trump has tasked his economics team with devising plans for reciprocal tariffs on every country that taxes US imports, raising the risk of a global trade war ...

Cyprus’ economy grew, albeit at a slower pace, during the fourth quarter of 2024, with GDP increasing by 2.6 per cent compared to the same quarter of the previous year. According to ...

Atlantic Insurance is expected to report a slight increase in its consolidated financial results for 2024, according to an announcement published on the Cyprus Stock Exchange (CSE). Based on currently available ...

Britain’s economy unexpectedly grew by 0.1 per cent in the final quarter of last year, official figures showed on Thursday, offering some respite from the downbeat economic picture facing finance ...

President Nikos Christodoulides this week announced a €122 million initiative designed to significantly enhance infrastructure and public services throughout the Famagusta district. The president outlined the details of this plan, wihch ...

The latest reports from the three major credit rating agencies show a general improvement in the ratings of banks in both Cyprus and Greece. According to a report from local ...

Budget airline Wizz Air on Friday announced that it has exceeded 9 million passengers travelling to and from Larnaca international airport. The announcement of the milestone comes as the airline recently ...

The number of building permits issued in Cyprus in September 2024 recorded a year-on-year decline of 30.9 per cent, according to data released this week by the state statistical service. The decrease ...

The Bank of Cyprus this week presented its revamped branch network model, inaugurating its newly renovated branch on Archbishop Makarios III Avenue in Nicosia. Retail Banking Director Theodosis Theodosiou explained ...

Ben & Jerry’s maker Unilever (ULVR.L) said on Thursday it would demerge its ice cream business and picked Amsterdam as its primary listing venue, with London and New ...

Nestle (NESN.S) reported slightly better than expected annual sales growth on Thursday driven by price increases, though the world’s largest packaged food company warned of a narrower profit ...

The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher US sanctions reduced the number of buyers, leaving fewer tankers available to deliver cargoes ...

Cyprus-based INXY Payments, an EU-authorised payment platform bridging together traditional finance and the crypto economy, has successfully closed a $3 million investment round led by Flashpoint VC with participation from prominent ...

The Digital Cooperation Organisation (DCO) – the world’s first standalone international intergovernmental organisation focusing on the acceleration of the growth of an inclusive and sustainable digital economy – will hold its ...

Hong Kong investor Balram Chanrai is steadily increasing his ownership of Agros Development Company ‘Proodos’ Public Ltd, which owns the Rodon hotel in Agros. Based on the announcements on the ...

The Bank of Cyprus this week presented its revamped branch network model, inaugurating its newly renovated branch on Archbishop Makarios III Avenue in Nicosia. The event, held on Wednesday afternoon, ...

Eurobank has announced that the India-Greece-Cyprus (IGC) Business & Investment Council was officially launched on Thursday at the Taj Mahal Palace in Mumbai. The announcement mentioned that this marks “a ...

Cyprus’ Deputy Minister of Innovation, Nicodemos Damianou, and UAE Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, Omar Sultan Al Olama, have signed a Memorandum of ...