#business

Spanish billionaire and Zara founder Amancio Ortega has bought a logistics centre mainly used by Amazon in Dublin, Ireland, for 225 million euros ($244.98 million), his investment firm Pontegadea said recently. It ...

A digital pound should not be available in large sums initially to avoid the risk of bank runs, British lawmakers said in a report on Saturday that also highlighted the ...

Outgoing Cyprus Chamber of Commerce & Industry (Keve) president Christodoulos Angastiniotis on Monday used his speech at the chamber’s annual general meeting to touch on several issues, including the ...

The Cyprus Borrowers Association (Syprodat) on Monday released a statement expressing its satisfaction with the official launch of the mortgage-to-rent scheme, which went into effect today. The scheme has already ...

Music streaming giant Spotify (SPOT.N) said on Monday that it will lay off around 1,500 employees, or 17 per cent of its headcount, to bring down costs, after letting 600 of its ...

Britain needs a new economic strategy to reverse 15 years of falling living standards and worsening inequality, a leading think tank and an academic research centre said on Monday. British productivity ...

Oil futures reversed course after rising briefly on Monday amid persistent pressure from the OPEC+ decision and uncertainty over global fuel demand growth, although the risk of supply disruptions from ...

A look at the day ahead in European and global markets. Asian stocks have made a hesitant start to the week, while gold hit a new peak and Treasuries ran ...

Bitcoin has broken above $40,000 for the first time this year as it rides a wave of momentum on broad enthusiasm about US interest rate cuts and as traders anticipate the ...

Sensors, “smart” buoys and high-tech traps can make fisheries in Europe more sustainable and profitable. By Helen Massy-Beresford Professor Zigor Uriondo was so keen to make tuna fishing less polluting ...

Drawing inspiration from birds, fish and even worms, researchers in Europe are developing machines to explore places on Earth that are difficult for people to reach. By Gareth Willmer The ...

We asked ChatGPT, OpenAI’s viral chatbot, how it felt on its first birthday. This was its reply: “Thank you for the birthday wishes! However, it’s important to note ...

Microsoft’s (MSFT.O) plan to pump 2.5 billion pounds ($3.2 billion) into Britain over the next three years, its single largest investment in the country to date, will underpin future growth ...

Here are the top business stories in Cyprus from the week starting November 27: The government and Chevron have agreed on the terms for developing the ‘Aphrodite’ gas field in block 12 ...

Beneath the surface of Cyprus’ workforce in 2023, beyond the stereotypes, complexities emerge among generations. Gen Z is labelled as overly sensitive, Millennials as cringe-worthy, Boomers as villains, and Gen X ...

By Maria Demertzis How well are central banks doing? Right now, they are making losses but, unlike most large institutions, we should not assess their performance on annual profit and ...

Google DeepMind has used artificial intelligence (AI) to predict the structure of more than 2 million new materials, a breakthrough it said could soon be used to improve real-world technologies. In ...

Meta Platforms’ (META.O) advertising-free subscription service, a fee-based offering rolled out in Europe this month, breaches EU consumer laws, Europe’s largest consumer group said on Thursday as it ...

The US government will cut off cryptocurrency companies from the broader US economy if they fail to block and report illicit money flows, Deputy Treasury Secretary Wally Adeyemo warned the ...

Leading global IT services firm Kyndryl, which also has offices in Cyprus, this week released its technology sector predictions for 2024, spanning several key areas, including artificial intelligence, data governance, and ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday announced that, in partnership with the Faculty of Economics and Management (FEM) at the University of Cyprus, it recently organised an ...

The Business Turnover Index in Cyprus displayed mixed trends across sectors in the third quarter of 2023 when compared to the corresponding period of the previous year, according to a report ...

Cyprus’ Producer Price Index in the industrial sector reported a decline of 1.7 per cent, reaching 138.4 units, for the month of October 2023, according to a report by the Cyprus Statistical Service (...

Cyprus marked its presence in one of Europe’s most significant food and beverage exhibitions, presenting its distinctive booth featuring products from eighteen Cypriot companies. According to an announcement by ...