#business

Mercedes-Benz (MBGn.DE) launched a new virtual assistant at the CES electronics trade fair on Monday capable of providing context-based suggestions and engaging in dialogue with users, signalling another step ...

Global hedge funds have reduced their exposure to the so-called Magnificent Seven stocks while increasing their allocation to other technology, media and telecommunications (TMT) companies, according to Morgan Stanley (MS....

The European Commission and the European Investment Fund (EIF) on Friday announced the launch of a new 175 million euro ($191.57 million) fund to bolster defence and security innovation. The Defence Equity ...

Here are the top business stories in Cyprus from the week starting January 8: Cyprus pensioners are poised to experience an uplifting change in their financial circumstances. The Union of Cypriot ...

Rental firm Hertz Global Holdings (HTZ.O) is selling about 20,000 electric vehicles, including Teslas, from its U.S. fleet about two years after a deal with the automaker to offer ...

Walt Disney’s Pixar Animation Studios is set to cut jobs as the studio has completed production on some shows and now has more staff than it needs, a source ...

Citi Research on Friday lowered its Brent price forecasts for this year and 2025, citing oversupply concerns but expects prices holding above $70 per barrel in 2024 as OPEC+ keeps global oil markets “...

Spanish billionaire Amancio Ortega has bought a logistics centre in the Netherlands currently used by rival British fashion retailer Primark for 110 million euros ($121 million), his family office Pontegadea said. Ortega, ...

In Q3 of 2023, the Cyprus Securities and Exchange Commission (CySEC) directed 335 Collective Investment Organisation Management Companies, with €8.6 billion in Assets Under Management. This marked a slight increase from the previous ...

The system for registering ultimate beneficial owners (UBO) at the Registrar of Companies, will allow companies to post this information without paying the fines imposed on January 1 for failing to ...

Shipbuilding saw an 8 per cent increase in orders for alternative fuel-powered vessels, which have reached a total of 298 ships, in response to the International Maritime Organization’s (IMO) strict emission ...

The newly-appointed Commissioner for the Environment, Antonia Theodosiou, acknowledged the importance of the Cyprus Sustainable Tourism Initiative (CSTI) and its significance to the tourism industry. Addressing the 16th Annual General ...

Cyprus’ innovation ecosystem boasts over 400 startups and innovative businesses, more than 2500 researchers, and over 4000 entrepreneurs, said Demetris Skourides, the chief scientist of the Research and Innovation Foundation. “These numbers demonstrate ...

Fashion company Shein is seeking Beijing’s nod to go public in the U.S., two sources with knowledge of the matter said, a decision which could delay its float ...

ABB (ABBN.S) has bought a company specialising in boosting the mobility of industrial robots – by using artificial intelligence and 3D vision to move around factories and warehouses. The deal ...

The latest figures published by the Cyprus Statistical Service (CSS) indicate a notable surge in both construction output and construction producer prices profits. Both construction output and construction producer prices ...

Junior Achievement Cyprus (JA Cyprus) is launching its JA StartUp, which is aimed at fostering business ideas and innovation among university students in Cyprus, for the fifth consecutive year. It ...

An amount of €5m has been allocated by the government to help businesses reduce their carbon footprint. The support measure aims at encouraging businesses to reduce greenhouse emissions and was ...

Microsoft (MSFT.O) said on Thursday its European Union cloud customers would be able to process and store all personal data in the region as part of a phased roll-out ...

Netflix’s (NFLX.O) ad-supported tier has reached more than 23 million global active users per month, the Variety magazine reported on Wednesday, quoting the streaming giant’s advertising chief Amy ...

Commissioner of State Aid, Stella Michaelidou, approved the “RESTART 2016 – 2020 Programs for Research, Technological Development, and Innovation of the Research and Innovation Foundation.” The total budget for this, until the end ...

The hack of the U.S. Securities and Exchange Commission’s official account on X on Tuesday renewed concerns about the social media platform’s security since its takeover by ...

The European Central Bank (ECB) will cut its key interest rates sooner than it recently thought and should not wait until May to make a decision, as there are no ...

TikTok owner ByteDance said on Tuesday it is in talks with multiple prospective buyers of its gaming assets, including the world’s largest video games company, Tencent, as the Chinese ...