#business

Elon Musk said on Monday his artificial intelligence startup xAI would open-source its ChatGPT challenger “Grok” this week, days after he sued OpenAI for abandoning its original mission in favor ...

The Famagusta Tourism Board (Etap) and businesspeople of the district were at the “ITB BERLIN 2024” international tourism exhibition, held last week, in an effort to promote bookings in Germany. Giorgos ...

The Cyprus economy has showcased its strong resilience, in a particularly difficult period recording, “comparatively one of the highest growth rates in the European Union,” said Dr Giorgos Mountis, CEO ...

Finance minister Makis Keravnos expressed satisfaction with the eurozone’s fiscal policy orientation for 2025, as Cyprus’ conservative fiscal approach was already in line with it. He added that the joint ...

Eurozone finance ministers decided to gradually phase out energy support measures in 2024 in favour of fiscal prudence, aimed at reducing government deficits. The gradual abolition of energy support measures was ...

Producer group OPEC and the International Energy Agency, the world’s most closely watched forecasters of oil demand growth, are further apart than they have been for at least 16 years ...

Bitcoin hit a record high on Monday above $71,000, as the surge in the biggest cryptocurrency showed no signs of slowing down. Britain’s financial watchdog on Monday became the latest ...

According to the Cyprus Statistical Service (Cystat) report ‘Registration of Motor Vehicles’ for the period January-February 2024, vehicle registrations increased by 45 per cent. Furthermore, the share of electric vehicles has reached 3.1 ...

European stock indexes fell from recent record highs on Monday, and Wall Street looked set for losses, as traders grappled with an uncertain economic outlook and waited for U.S. ...

Cyprus saw a significant reduction in its trade deficit, which stood at €566.5 million in January 2024, according to the Cyprus Statistics Service Cystat. This was a marked decline compared to €1.419.9m ...

The Deputy Minister of Shipping, Marina Hadjimanoli said Cyprus was committed to attracting young people to the maritime profession as well as more women as part of its effort to ...

Finance Minister Makis Keravnos is in Brussels for the Eurogroup meeting at which ministers are set to discuss macroeconomic developments and prospects in the Eurozone. Their focus will be on ...

International Business Machines (IBM.N) has said that its initial testing of generative artificial intelligence (AI) tools from Adobe (ADBE.O) has resulted in productivity improvements. IBM said it was ...

British digital bank has raised 340 million pounds ($431.26 million) at a 4 billion pound ($5.07 billion) valuation, the company said in a statement on Tuesday. The round was led by CapitalG, a fund ...

India has asked tech firms to seek its approval before the public release of artificial intelligence (AI) tools that are “unreliable” or under trial, noting they should also be labelled ...

Amazon’s AWS (AMZN.O) said on Tuesday that customers who want to transfer their data to another cloud service provider will not have to pay any network fees globally. ...

The large magnitudes of tax evasion and tax avoidance are having a profound impact on the economy and citizens of Cyprus. Tax evasion is defined as the deliberate non or ...

Here are the top business stories in Cyprus from the week starting March 4: Recently, consulting and advisory firm PwC Cyprus hosted a significant event to present its annual report on ...

Arts and culture can bring imagination and momentum to projects for putting urban neighbourhoods more in tune with nature. By Jack McGovan In the Dutch capital Amsterdam, a thoroughfare called ...

Europe needs to be fast, selective and aggressive in supporting key tech industries amid US-China trade tensions, the Dutch economic affairs minister said in an interview on Wednesday. Micky Adriaansens ...

Alphabet’s (GOOGL.O) Google on Tuesday outlined changes to search results and new tools for apps developers to promote their products on third-party apps and rival app stores as ...

Tesco (TSCO.L), Britain’s biggest retailer, said this week it would raise store workers’ hourly pay by 9.1 per cent, in a move that reflects the increase in the government-mandated ...

The fourth quarter of 2023 witnessed a notable surge in Cyprus’ overall employment, recording a 1.1 per cent increase compared to the same period in 2022. According to data released this week by ...

Eurobank Cyprus on Friday released its financial results for the year 2023, posting an after-tax profit of €199.4 million, reflecting a significant increase of 111 per cent over the previous year. In addition, ...