#business

Shoppers are likely to spend roughly $14 billion during Amazon’s Prime Day two-day shopping event this week, according to projections from Adobe Analytics, a firm that studies e-commerce transaction data. ...

Global smartphone shipments rose 6.5 per cent in the second quarter, driven by Samsung Electronics and Apple, preliminary data from IDC showed on Monday, but a full recovery in demand is ...

Poland’s antitrust and consumer protection watchdog imposed a fine of 106.6 million zlotys ($27.3 million) on PayPal Europe for failing to spell out to consumers in its contractual clauses activities for ...

Deputy Minister of Tourism Kostas Koumis is satisfied that the latest figures on tourist arrives indicate they would be at the same levels as 2023, a good year for the industry. ...

Tourist arrivals in Cyprus displayed a slight yet steady increase in June 2024, recording a 5.5 per cent rise to 482,261 compared to 456,985 in the previous year, according to the Cyprus Statistical Service (...

The Chartered Financial Analyst (CFA) Society Cyprus elected a new board of directors at this week’s AGM. Nikos Potamaris is the new board chiarman, succeeding Andreas Kleanthous, while Konstantinos ...

Solutions must be in place to help ship owners navigating the complex challenges of complying with the new FuelEU Maritime regulations, said Columbia Group. With the introduction of FuelEU Maritime ...

Representatives of Cyprus’ Research and Innovation Foundation (RFI) and the Japan Science and Technology Organisation (JST) recently met in Nicosia to establish collaborations in cutting-edge fields such as artificial intelligence, ...

European aerospace groups Airbus (AIR.PA) and Thales (TCFP.PA) are exploring a tie-up of some space activities as new competition disrupts the sector, two industry sources said. The sources ...

France’s ailing public finances and its 154 billion euros ($168 billion) deficit figure leave the euro zone’s second-biggest economy “dangerously exposed” in case of a new macroeconomic shock, according to ...

The French competition authority confirmed this week that an investigation is underway into chipmaker Nvidia (NVDA.O) over alleged anti-competitive practices. Benoit Coeure, president of the agency, told Reuters on ...

The Central Bank of Cyprus (CBC) has reported a deceleration in the House Price Index (HPI) for houses and apartments in the first quarter of the year 2024. This trend is ...

British recruiters warned of tough hiring market conditions in the near-term as workers avoid switching jobs and employers take longer to fill vacant positions due to economic and political uncertainties ...

Projects worth €141 million are set to transform the Polis Chrysochous area in the coming years, said the mayor Yiotis Papachristofis. Among these developments is the €60m expansion of the harbour ...

Prepare to dive into the forefront of AI technology and explore groundbreaking topics such as running large language models (LLMs) on local machines, mass AI adoption, AI in Rust, and ...

The transport sector has witnessed a decline in turnover, according to the latest data released by the Cyprus Statistical Service (Cystat). The turnover index for transport and storage in the ...

Representatives of Cyprus’ Research and Innovation Foundation (RFI) and of the Japan Science and Technology Organisation (JST) recently met in Nicosia, to establish collaborations in cutting-edge fields such as artificial ...

The Cyprus Mail recently interviewed Roman Gurskiy and Kirill Gurskiy, managing directors of GEM Capital, to explore their journey from EY to GEM Capital, their investment strategies, and why Cyprus ...

British luxury group Burberry (BRBY.L) on Monday sacked its CEO and named former Coach boss Joshua Schulman to replace him, as it promises a “more familiar” look and presses ...

US technology firm InterDigital and a patent licensing platform on Monday won their bid to throw out a London lawsuit by Tesla (TSLA.O), which was seeking a patent licence ...

Kuwait’s budget is projected to show a deficit of 5.6 billion dinars ($18.33 billion) for the 2024-2025 fiscal year, with expenses estimated at 24.5 billion dinars and revenues at 18.9 billion dinars, according ...

Bitcoin surged to a two-week high on Monday after the attempted assassination of US presidential candidate Donald Trump raised the odds of the former president, who has presented himself as ...

Island Oil Holdings, a diverse conglomerate specialising in the supply and trading of marine fuels, has released its inaugural environmental, social, and governance (ESG) report, encompassing the fiscal years 2022 and 2023. ...

The Bank of Cyprus on Monday announced a revision to its privacy statement in alignment with the European Union’s general data protection regulation (GDPR) and relevant national legislation. The ...