#business

Germany is likely in recession now as external demand is weak, consumers remain cautious and domestic investment is held back by high borrowing costs, the Bundesbank said in a regular ...

An increasing number of customers are using the Bank of Cyprus’ digital channels, for both banking and insurance products, leading to a large increase in digital sales of insurance plans, ...

The Association of Cyprus Tourist Enterprises (Stek) on Monday released a statement expressing concern about the island’s tourism prospects for 2024, highlighting significant challenges ahead. During a recent session, the ...

Oil prices dipped on festering demand concerns and profit-taking prompted by last week’s gains as conflict in the Middle East showed no signs of easing. Brent crude futures were ...

The Cyprus Mail’s Souzana Psara recently spoke with Genia Boustany, director of Poseidonia Hotel, about its sustainability journey, focusing on its transition to a circular operating model. In January 2022, ...

Deputy Minister of Tourism Kostas Koumis on Monday travelled to La Hulpe, in Belgium, to attend the informal meeting of the EU Tourism Ministers, which is taking place under the ...

The Cyprus Shipping Chamber (Kne) on Monday released a statement urgently requesting the release of the crew of Galaxy Leader, a vehicle-carrying vessel, which has been captured by the Houthis. ...

The Bank of Cyprus on Monday released its financial results for the fiscal year ending December 31, 2023, posting a profit after tax of €487 million, with new lending reaching €2 billion in total. “2023 ...

Walt Disney (DIS.N) is harnessing artificial intelligence to power a new advertising tool that will help brands tailor their commercials to fit the mood of specific scenes within a ...

Technology company Nokia (NOKIA.HE) has unveiled an AI-powered tool that generates messages for industrial workers, including warnings about faulty machinery based on real-time data and recommended ways to boost ...

Research is helping strawberries and raspberries become more resilient to climate change and snacks become healthier. By Matthew Newman Supermarkets across Europe offer such regular and wide selections of strawberries, ...

Nvidia (NVDA.O) eclipsed Google-parent Alphabet (GOOGL.O) as the third most valuable US company on Wednesday, just after overtaking Amazon (AMZN.O) and as investors looked to the dominant ...

Here are the top business stories in Cyprus from the week starting February 12: In a recent development, Cyprus’ Research and Innovation Foundation on Monday announced that it is joining forces ...

Google (GOOGL.O) has pledged 25 million euros ($26.98 million) to help people in Europe learn to use artificial intelligence (AI). Announcing the funding on Monday, the tech giant said it had ...

Cisco Systems (CSCO.O) said it would cut 5 per cent of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough ...

EU industries from food and drinks to chemicals and biotechnology are seeking to profit from materials in water after it has been used. By Michael Allen For decades, most of ...

In the European maritime arena, Cyprus plays a notable role in advancing sustainable shipping practices, with a focus on initiatives led by key industry player Lemissoler Navigation. This exploration delves ...

The implementation of development expenditures in the Cyprus state budget for the year 2023 has reached 72 per cent, compared to 70 per cent in 2022 and 69 per cent, the annual average of the ...

Two key groups of lawmakers at the European Parliament this week ratified a provisional agreement on landmark artificial intelligence rules ahead of a vote by the legislative assembly in April ...

The French government on Tuesday cut by 20 per cent a subsidy higher-income car buyers can get for purchasing electric and hybrid vehicles in order to keep from overrunning its budget ...

Government employment in Cyprus witnessed a significant increase of 2,687 people (5.2 per cent) in January 2024, compared to the corresponding month in 2023, reaching a total of 54,706 people, as reported by the Cyprus ...

The Alpha Bank Group’s role in supporting the continued growth of Cyprus’ economy was discussed in a series of important meetings, according to an announcement released by the bank ...

The Cyprus Investment Funds Association (CIFA) this week held its annual general meeting (AGM), which sought to highlight the significant role and contributions of the investment funds sector in driving ...

Google will allow businesses to install an auto-updating version of the Chrome operating system to Windows devices, potentially preventing millions of PCs from hitting landfills after Microsoft (MSFT.O) ends ...