#business

Cyprus has seen a 5.4 per cent increase in hourly labour costs, referred to as the total cost, during the fourth quarter of 2023, compared to the corresponding period in 2022, according to ...

Unilever (ULVR.L) said on Tuesday it would spin off its ice cream unit, home to popular brands such as Magnum and Ben & Jerry’s, into a standalone business ...

NatWest (NWG.L) will seek shareholder approval to buy back up to 15 per cent of its stock from the UK government, it said on Monday, as part of efforts to ...

The Empowering Girls in STEM Project (EGI-STEM) conference, which took place from February 27 to 29 in Nitra, Slovakia, put a spotlight on the vital need to boost girls’ participation in Science, ...

The House Committee on Energy, Trade, Industry and Tourism this week revisited a proposal aimed at abolishing fees for innovative startups, in a bid to boost innovation and entrepreneurship. This ...

Cyprus-based proptech startup Moving Doors, which provides tech-enabled serviced apartments, has announced its official expansion to Dubai, United Arab Emirates, marking a significant step in its international growth strategy. According ...

ROAR Games, a new independent games studio focused on original game development, has announced that it has secured $1.5 million from The Games Fund (TGF), a specialist early-stage VC fund with ...

The artificial intelligence boom has hit the crypto market with a bang. Coins linked to AI-focused crypto projects have jumped alongside tech stocks like Nvidia (NVDA.O), driven by insatiable ...

In response to the growing demand for businesses to adopt more sustainable and environmentally friendly practices, the Cyprus Chamber of Commerce & Industry (Keve) is set to host a seminar ...

The fervour around artificial intelligence has sparked a gold rush into AI-themed ETFs, as investors seek fresh ways to play the burgeoning technology following breathtaking rallies in market darlings such ...

Money market pricing and short-term trading signals make the idea of the first Bank of England rate cut coming in late summer look like a clear bet. Economists and strategists ...

Oil prices dipped on Tuesday due in part to the prospect of rising supply from Russia, slower-than-expected downstream demand in sectors such as jet fuel, and cautious trading ahead of ...

Fisker (FSR.N) said on Monday it would pause production of its electric vehicles for six weeks and raise up to $150 million in funding by selling convertible notes after missing ...

Reddit’s (RDDT.N) initial public offering is currently between four and five times oversubscribed, people familiar with the matter said on Sunday, making it more likely the social media ...

Most US recreational vehicles – those behemoths of the roadway often resembling box cars that accidentally wandered off the rails – roll out of gritty factories in the gray environs of Elkhart, ...

Apple (AAPL.O) is in talks to build Google’s Gemini artificial intelligence engine into the iPhone, Bloomberg News reported on Monday, citing people familiar with the situation. The negotiations ...

Qatar Airways is in early talks with Boeing (BA.N) and Airbus (AIR.PA) to order 100 to 150 widebody jets to expand and renew its fleet, according to Bloomberg News, citing ...

Alphabet (GOOGL.O) unit Google enjoys a competitive edge in generative artificial intelligence due to its trove of data and AI-optimised chips, Microsoft (MSFT.O) has told EU antitrust regulators, ...

Adobe (ADBE.O) forecast second-quarter revenue below analysts’ estimates last week, following stiff competition and weak demand for its artificial intelligence-integrated photography, illustration and video software amid a tough economy. ...

Here are the top business stories in Cyprus from the week starting March 11: REALTYon, the only event in Cyprus dedicated to the entire property industry, is returning for its second ...

By Maria Demertzis On security issues, the European Union does not speak collectively with one voice and member states are very far from having the same objectives on defence. Yet, ...

Shares of Apple (AAPL.O) supplier Foxconn (2317.TW) rose as much as 9.5 per cent early on Friday to their highest in three years, a day after it reported a fourth-quarter ...

India said on Friday it would lower import taxes on certain electric vehicles produced by carmakers that commit to invest at least $500 million and start domestic manufacturing within three years. ...

Fitch Ratings on Friday cut its rating outlook on Boeing (BA.N) to “stable” from “positive,” as it believes the US planemaker may take roughly 12 months longer in achieving its ...