#business

Cyprus’ Producer Price Index (PPI) in industry recorded a 3.8 per cent decrease in April 2024 compared to the same month in 2023, primarily due to reductions in the electricity supply sector, according ...

The world’s leading internet firms are engaging extensively with regulators in the European Union to ensure their artificial-intelligence products do not fall foul of the bloc’s strict data ...

Aircraft shortages are turning into a moneymaker for some airlines as the dearth of supply allows carriers to sell new planes to leasing companies at much higher prices than they ...

Toyota has showcased next-generation engines that can be used in cars as varied as hybrids and those running on biofuel, as it targets tougher emissions standards and doubles down on ...

More than $18 billion worth of cryptocurrency has moved into a new type of platform which offers investors rewards in exchange for locking up their tokens, in a complex scheme that ...

China’s BYD (002594.SZ) launched this week the latest version of a plug-in hybrid technology that improves fuel and cost savings, intensifying competition with the likes of Toyota and Volkswagen ...

Here are the top business stories in Cyprus from the week starting May 27: At a recent Cyprus Sustainable Tourism Initiative (CSTI) event titled ‘Beach without Plastics,’ Deputy Minister of Tourism ...

Polish video game developer CD Projekt (CDR.WA) has posted a bigger than expected 44 per cent jump in first-quarter net profit, driven by higher game sales. Net profit reached 100.1 million ...

Nvidia’s (NVDA.O) shares rallied around 6 per cent to hit a record high earlier this week, leaving the AI chipmaker’s stock market value about $100 billion away from overtaking ...

France is banking on a new push to integrate the European Union’s fragmented capital markets to give them the scale needed to wean its flourishing startup sector off of ...

OpenAI has formed a Safety and Security Committee which will be led by CEO Sam Altman as it begins training its next artificial intelligence model, the AI startup said this ...

Cyprus’ general government recorded an increased surplus of €665.2 million during the first four months of 2024, corresponding to 2.1 per cent of GDP, compared to a surplus of €391 million, a share of 1.3 ...

The Cyprus Chamber of Commerce and Industry (Keve) on Friday announced that it has signed a cooperation agreement with the EU SME Centre to support Cypriot small and medium-sized enterprises (...

Larnaca on Friday unveiled a new corporate identity, marking a pivotal moment for the city’s tourism, according to Deputy Minister of Tourism Kostas Koumis. He emphasised that the rebranding ...

By Maria Demertzis In 2019, ahead of that year’s European elections, my colleague Guntram Wolff, at the time Bruegel’s director, and I edited a collection of essays written by ...

Accounting giant PwC will become the largest customer and first reseller of OpenAI’s enterprise product as part of a new deal, according to a report by the Wall Street ...

Abercrombie & Fitch (ANF.N) raised annual sales growth forecast and beat first-quarter estimates this week, expecting new and on-trend apparel and accessories to drive demand at its Hollister and ...

Turkey’s economy grew 5.7 per cent in the first quarter of the year, in line with expectations, official data showed on Friday, growing strongly as domestic demand boosted the economy. ...

PMorgan Chase (JPM.N) plans to grow its headcount in India by 5 per cent-7 per cent annually over the next few years, a senior executive told Reuters, as the Wall ...

Experts gathered in Nicosia this week to discuss strategies for enhancing the economic and digital inclusion of women, in a significant event jointly organised by the Union for the Mediterranean ...

In a decision made by the Cabinet this week, Panikkos Vakkou has been appointed as vice chairman of the Cyprus Securities and Exchange Commission (CySEC. According to the Presidency’s ...

The financial outlook for the global economy and markets amid international challenges, along with the key principles of financial forecasting, were the main topics of discussion at the annual economic ...

The implementation rate of development expenses from the state budget stood at 13 per cent at the end of April, slightly higher than the ten-year average of 12 per cent for the ...

The Cyprus Chamber of Commerce and Industry (Keve) on Friday announced that it has signed a cooperation agreement with the EU SME Centre to support Cypriot small and medium-sized enterprises (...