#business

America’s largest power grid is under strain as data centers and AI chatbots consume power faster than new plants can be built. Electricity bills are projected to surge by ...

With support from the EU, artists, scientists and food companies are teaming up to find fresh, creative ways to make our food systems greener and more efficient. By Hannah Docter-Loeb ...

Nvidia-backed Perplexity AI has announced the launch of Comet, a new web browser with AI-powered search capabilities, as the startup looks to challenge the dominance of market leader Alphabet’s (...

TikTok is preparing to launch a standalone app for US users that is expected to operate on a separate algorithm and data system from its global app, laying the groundwork ...

The number of customers that use Arm-based (O9Ty.F) chips in data centers has grown to 70,000, a 14-fold increase since 2021, the company told Reuters. Under the guidance of Chief ...

By Nektarios Michail The recent geopolitical tensions that keep erupting around the world have underlined the fact that Europe and the US may likely be unprepared, and are definitely underperforming, ...

Here are the top business stories in Cyprus from the week starting July 7: Cyprus recorded a 2 per cent rise in house prices in the first quarter of 2025 compared with a ...

Samsung Electronics has unveiled thinner, lighter foldable phones as it aims to fend off Chinese competition in the higher-margin, premium segment that remains untapped by arch rival Apple (AAPL.O). ...

OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of voluntary production cuts by eight members and the United Arab ...

The attractiveness of the United States as an investment destination has plunged in the eyes of British business executives who now see opportunities closer to home, a survey showed this ...

President of the hoteliers association (Pasyxe) Thanos Michaelides on Friday said that Paphos has significant potential to boost visitor numbers. In addition, he also said that the district can attract ...

British house prices stagnated month-on-month during June, as economists polled by Reuters had expected, figures from Halifax showed this week. The mortgage lender revised up May’s reading to show ...

Shell (SHEL.L) expects quarterly earnings to be hit by weaker trading in its integrated gas division and losses at its chemicals and products operations, it said this week ahead ...

British luxury carmaker Jaguar Land Rover reported a 10.7 per cent drop in first-quarter sales, its Indian parent Tata Motors (TAMO.NS) said this week, hit by a temporary pause in ...

Oil prices rose by around 1 per cent on Friday as investors weighed a tight prompt market against a potential large surplus this year forecast by the IEA, while US tariffs ...

Britain’s economy contracted unexpectedly for a second month running in May, official data showed on Friday, compounding worries at home for finance minister Rachel Reeves as the nation navigates ...

The European Investment Fund (EIF) has retained its top-tier AAA credit rating, with stable outlook, as confirmed by Morningstar DBRS (DBRS Ratings GmbH). The agency stated that both the long-term ...

Total government employment in Cyprus reached 54,829 in June, marking an increase of 676 persons, a rise of 1.2 per cent compared to the same month in 2024, according to the state statistical service. ...

President of the hoteliers association (Pasyxe) Thanos Michaelides on Friday said that Paphos has significant potential to boost visitor numbers. In addition, he also said that the district can attract ...

The Cyprus Statistical Service (Cystat) on Friday announced a reduction of 1.9 per cent in the number of building permits issued during March 2025, when compared to the same month last year. ...

PwC Cyprus on Friday released a statement outlining their support for this year’s Invest Cyprus International Investment Awards, with the firm being a platinum sponsor of the event. The ...

The European Banking Authority (EBA) this week launched a public consultation on proposed revisions to its guidelines on product oversight and governance (POG) arrangements for retail banking products. The revised ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday issued a formal update to cryptoasset service providers (CASPs) and applicant CASPs regarding new regulatory guidance from the European Banking Authority (...

Cyprus emerged as one of the EU’s most active countries for online cultural engagement in 2024, with 94 per cent of internet users watching TV or videos online.   This placed the ...