#business

Despite alterations in interest rates, Cypriot banks have maintained a steady pace in providing loans throughout 2023, exceeding €3 billion in total net new loans by November. In November 2023, net new loans ...

Euro zone services activity could weaken further in the coming quarters due to rising interest rates but the impact on the sector may be more muted than on manufacturing, a ...

Will they, won’t they? U.S. regulators are keeping crypto players on the edge of their seats as they weigh whether to give their blessing to bitcoin exchange-traded funds (...

Mediterranean Hospitality Venture (MHV) Ltd has agreed to sell 50 per cent of its stake in Aphrodite Hills Resort Limited (AHRL) to WRA Consultants Ltd, a private company registered in Cyprus. ...

Freight costs have increased dramatically as a result of the Houthi attacks on ships in the Red Sea, with some ships now going round the Cape of Good Hope to ...

The Cyprus Organisation for Standardisation (CYS) and the Great Britain-Cyprus Business Association (GBCY) have announced a strategic partnership to strengthen business connections and opportunities between companies in the UK and ...

Volkswagen’s voice assistant integrating ChatGPT into its cars will be able to converse with users in a back-and-forth dialogue by the middle of the year, the carmaker said on ...

Activist investors are expected to launch more and bolder campaigns for change among European companies in the year ahead, advisers told Reuters, after a record number in 2023. Europe was for ...

Netflix (NFLX.O) has defeated a lawsuit filed by shareholders in a federal court in California that accused the streaming entertainment company of hiding the extent to which account-sharing was ...

Samsung Electronics Co Ltd reported a likely 35 per cent drop in fourth-quarter operating profit on Tuesday, much worse than analysts expected as weak consumer demand persisted in many of its ...

In an official announcement by the Deputy Ministry of Social Welfare, the Department for Social Inclusion of Persons with Disabilities informed recipients of the monthly Blind and the Severe Mobility ...

The European Central Bank (ECB) approved the appointment of Petros Christodoulou as the Non-Executive Chairman of the Hellenic Bank Board of Directors, with immediate effect. Christodoulou replaces Christos Themistocleous’ who ...

In December, the Cyprus Statistical Service (CSE) reported an inflation rate of 1.6 per cent, slightly below Eurostat’s harmonised consumer price index, which recorded 1.9 per cent. This positions Cyprus with ...

The Union of Cypriot Pensioners (Ekysy) has announced a positive development for pensioners across the island, as legislation came into effect on January 1, ensuring a 3.89 per cent increase in the ...

In the third quarter of 2023, Cyprus experienced a notable increase in its current account deficit, reaching €517 million, compared to €399 million in the same period last year, according to preliminary data ...

ChatGPT was well on its way to becoming a household name even before 2023 kicked off. Just weeks after the Nov. 30 launch of the generative artificial intelligence-powered chatbot, OpenAI, the non-profit ...

A group of critical raw materials may help Europe reduce supply-chain vulnerabilities. By Michael Allen Dr Arne Petter Ratvik is championing high-tech goods for Europe through a low-tech source: fertiliser. ...

In addition to generating clean energy, sea locations with turbines could be used to grow mussels, oysters and seaweed. By Michael Allen Off the coasts of Belgium, Denmark, Germany and ...

Intel (INTC.O) on Wednesday said it was forming a new independent company around its artificial intelligence software efforts with backing from digital-focused asset manager DigitalBridge Group (DBRG.N) and ...

Here are the top business stories in Cyprus from the week starting January 1: Mortgage-to-rent scheme a favourable arrangement, Hellenic Bank released on Tuesday a statement welcoming the recent launch of ...

Fines imposed by Russian courts on Alphabet’s Google (GOOGL.O) and YouTube, Meta (META.O), TikTok and Telegram appear to have been settled as the companies are no longer ...

Apple (AAPL.O) on Tuesday fell nearly 3.6 per cent to a seven-week low after Barclays downgraded the shares of the world’s most valuable company on concerns that demand for ...

Five experts who appeared in Horizon Magazine in 2023 outline how their areas of activity will evolve in the coming year and beyond. By Anthony King From sail-powered tankers and new ...

Rivian Automotive (RIVN.O) missed market estimates for fourth-quarter deliveries as tough competition and high interest rates weighed on demand for its electric vehicles, sending the company’s shares down ...