#business

Yiannis Kotzias, general manager of operations of residential rental platform Phaedrus Living, has come to the defence of short-term rental properties, amidst a wave of criticism aimed at the sector. ...

Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou used his participation at a recently held event by the Research & Innovation Foundation (RIF) to praise Cyprus’ performance in ...

The gap in returns between the S&P 500 and the index’s equal-weighted counterpart is at its widest in 15 years, underscoring the need to diversify beyond AI heavyweights such ...

By Fausto Corvino The era of low-cost air travel in Europe may be over for good, thanks in part to recent EU environmental policies. All in all, this is good ...

EU-funded researchers are using AI and satellite technologies to make the continent’s renewable energy infrastructure more reliable. By Jack McGovan Solar panels and wind turbines had to be shut ...

Investments in artificial intelligence (AI) startups surged to $24 billion from April to June, more than doubling from the previous quarter, according to data from Crunchbase, highlighting the growing appetite for ...

Russian traders have finalised a share exchange for investors in Yandex, often dubbed Russia’s Google, one of the final steps needed to complete a more than $5 billion deal that ...

Here are the top business stories in Cyprus from the week starting July 8: Cypriot tech-driven analytics firm Ask Wire released a comprehensive assessment on Monday of fire risk in the ...

By Maria Demertzis  When the extreme right party National Rally won first place in the European elections earlier this June, President Emmanuel Macron felt that confidence in the governing coalition ...

Global hydroelectric generation slumped to a five-year low last year as a result of lower-than-average rainfall across China, North America and India, contributing to record fossil fuel combustion and emissions ...

Microsoft (MSFT.O) has ditched the board observer seat at OpenAI that has drawn regulatory scrutiny on both sides of the Atlantic, saying it was not necessary after the AI ...

Deutsche Lufthansa (LHAG.DE) slashed its 2024 earnings guidance for a second time and issued a profit warning for its second quarter on Friday as one of Europe’s top airlines ...

By Charles Ellinas Judging from the latest statements by the Energy Minister, George Papanastasiou, the negotiations with the Chinese-led consortium CPP-METRON Consortium Ltd (CMC) have probably been exhausted, with no ...

Hellenic Bank’s board of directors on Friday issued a statement regarding the public offer made by Greece’s Eurobank to acquire the entirety of its share capital, deeming the ...

Lucid Group (LCID.O) reported second-quarter deliveries above market expectations this week, as price cuts helped boost demand for its luxury electric sedans. Demand for electric vehicles has grown at ...

With doubts growing about whether President Joe Biden will remain a candidate for re-election in 2024, some investors are preparing to game out potential economic scenarios and trades if a stronger ...

Fast fashion retailer Shein said it would invest 250 million euros ($271 million) over five years in the UK and Europe as the company battles criticism of its model based around flying ...

Taiwan’s central bank announced that it has no timetable for launching a digital currency, warning the process will be “huge and complex”, but it will hold public hearings on ...

The European Central Bank (ECB) on Friday reported that the value of Cypriot bonds held under its Eurosystem portfolio decreased to €6.46 billion. This reduction primarily stems from bond maturities through ...

Greek airline Aegean on Friday announced that it carried 4.4 million passengers during the second quarter of 2024, recording an 8 per cent increase in passenger traffic. Furthermore, it reached a total of 7.3 ...

The added value of Cyprus’ construction sector at current prices increased by 8.9 per cent in 2022, reaching €1.44 billion, up from €1.32 billion in 2021, according to the findings of the Construction and Land ...

Hellenic Bank’s board of directors on Friday issued a statement regarding the public offer made by Greece’s Eurobank to acquire the entirety of its share capital, deeming the ...

The Cyprus Investment Funds Association (CIFA) on Friday expressed satisfaction with the increase in Assets Under Management (AUM) of Cypriot investment funds. According to the latest data released this week ...

Tourism revenue in recent years, despite its high levels, has decreased compared to previous decades when adjusted for inflation, according to the Association of Cyprus Tourist Enterprises (Stek). During a ...