#business

Contract drug manufacturers seeking to tap into the booming market for weight-loss drugs are investing billions of dollars to expand or build factories that fill the injection pens used to ...

OpenAI, the company behind ChatGPT, is exploring making its own artificial intelligence chips and has gone as far as evaluating a potential acquisition target, according to people familiar with the ...

By Ioannis Tirkides Europe’s fiscal rules were suspended in 2020 in the wake of the Covid crisis, the outbreak of war in Ukraine and the energy crisis it triggered. A ...

US job growth surged in September, suggesting that the labor market remains strong enough for the Federal Reserve to raise interest rates this year, though wage growth is moderating. Nonfarm ...

Canadian technology company BlackBerry (BB.TO), said on Wednesday it would separate its Internet of Things (IoT) and cybersecurity business units and target a subsidiary initial public offering for the ...

Here are the top business stories in Cyprus from the week starting October 2: The Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou on Friday used his keynote address ...

European Union antitrust regulators have commissioned a study into mobile ecosystems to help them counter any pushback from Apple (AAPL.O) and Alphabet’s (GOOGL.O) Google in complying with ...

Monthly US ad revenue at social media platform X has declined at least 55 per cent year-over-year each month since billionaire Elon Musk bought the company formerly known as Twitter in ...

Social media giant Meta Platforms (META.O) said on Wednesday that it has started rolling out generative artificial intelligence (AI) tools that can create content like image backgrounds and variations ...

DP World Limassol, the port management company of Limassol port, is positioning itself as the ideal service centre for the region’s burgeoning oil and gas operations, according to CEO ...

For the second consecutive month, Cyprus saw a surge in inflation in September, primarily due to an increase in food prices, pushing the annual inflation rate to 4 per cent, according ...

A recent consumer behaviour study conducted by the Consumer Protection Service reveals that 83 per cent of consumers visit more than one supermarket each month to make their purchases. The primary ...

TUS Airways conducted its first-ever flight from Larnaca to Dubai last Sunday, as stated in a press release issued by the airline. Flight U8 684, operated by TUS Airways, utilised a ...

In a recorded speech aired during the opening ceremony of the 2nd Financial Markets Forum hosted by Freedom Finance Europe, Cyprus’ Minister of Finance, Makis Keravnos, affirmed the government’s ...

Alphabet’s Google (GOOGL.O) on Wednesday launched Pixel 8 smartphones and a new smartwatch that integrate its artificial intelligence (AI) technology more deeply into the company’s consumer gadgets. Google’...

Private Russian oil producer Lukoil will lend Azeri state oil firm Socar $1.5 billion as part of a broader deal that will allow Socar’s 200,000-barrel-per-day Turkish STAR refinery to process ...

Minister of Energy, Commerce, and Industry George Papastasiou on Friday, while speaking at the Limassol Economic Forum, highlighted the significant issues facing the energy sector in Cyprus, considering both the ...

At least two Egyptian banks have suspended the use of Egyptian pound debit cards outside the country to stop a drain on foreign currency as the country’s currency shortage ...

Rocketing US government bond yields that have led to a global jump in borrowing costs are raising new risks for economic policymakers hoping to lower inflation without triggering a major ...

Russia’s government said on Friday it had lifted a ban on pipeline diesel exports via ports, removing the bulk of restrictions installed on Sept. 21. The restrictions for gasoline exports ...

The Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou on Friday used his keynote address at the 14th Limassol Economic Forum to provide insights into the economic outlook ...

Cyprus’ robust shipping registry is bolstering the nation’s maritime prominence, positioning it as a key player in shaping maritime policy while delivering a clear message that illicit restrictive measures ...

Cyprus’ Deputy Minister of Tourism Kostas Koumis highlighted the importance of promoting the historical connection between Cyprus and France as the Kingdom of the Lusignans during his recent visit to ...

The Central Bank of Cyprus (CBC) released its latest data this week, revealing a minor increase in deposit interest rates in Cyprus in August 2023 compared to July. While the interest ...