#business

Snap (SNAP.N) will concentrate on expanding and diversifying its underperforming advertising business with a focus on augmented reality, CEO Evan Spiegel informed employees in a note sent this week. ...

Enterprise cloud firm Salesforce (CRM.N) this week said it has agreed to acquire Tenyx, which develops artificial intelligence-powered voice agents, to advance its AI-driven solutions. The acquisition, for which ...

The Larnaca Regional Tourism Board (Etap) and the Larnaca Chamber of Commerce and Industry (Evel) on Friday called for significant improvements to public transport services in the district’s mountainous ...

Social media giant Meta Platforms (META.O) will inform Brazilians how it intends to use their personal data to train generative artificial intelligence (AI), it said this week, following a ...

US facial recognition company Clearview AI has been fined 30.5 million euros ($33.7 million) for building what Dutch data protection watchdog DPA said was an illegal database. DPA also issued an additional ...

Apple (AAPL.O) will use organic light-emitting diode (OLED) displays for all iPhone models sold in 2025 and later, moving entirely away from liquid crystal displays (LCDs), Japan’s Nikkei newspaper ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday announced the launch of a new social media campaign, urging investors to exercise caution when engaging in online investment activities. According ...

Cyprus has recorded one of the highest productivity growth rates in the services sector for June 2024 compared to the same period in 2023, according to data released by Eurostat on Friday. ...

Employment in Cyprus increased by 2.1 per cent in the second quarter of 2024, with both the number of people employed and the total hours worked showing growth. According to provisional estimates ...

Cyprus-based internet browser Aloha, which operates on a privacy-first approach, this week sent an open letter to the World Wide Web Consortium, rallying industry leaders to eliminate “annoying cookie banners” ...

The Nicosia Municipality on Friday announced the launch of a new two-month business accelerator programme. This initiative is specifically aimed at individuals, teams, and existing businesses in the creative and ...

The Larnaca Regional Tourism Board (Etap) and the Larnaca Chamber of Commerce and Industry (Evel) on Friday called for significant improvements to public transport services in the district’s mountainous ...

Cyprus saw a significant rise in consumer prices in August 2024, with olive oil prices soaring by 62 per cent compared to August 2023. According to the latest Consumer Price Index data, which ...

Cyprus’ Industrial Turnover Index reached 136.6 points in June 2024, with 2021 as the base year set at 100 points.   According to a report from the Cyprus Statistical Service (Cystat), this marks a 2.6 per ...

Inflation in Cyprus stood at 1.5 per cent in August, its lowest level since March of this year, according to a report from the Cyprus Statistical Service (Cystat) released on Thursday. ...

Norway’s wealth fund will back a proposal demanding Nike (NKE.N) consider whether binding agreements with workers would improve its ability to address human rights issues when sourcing from ...

OPEC+ is discussing delaying an oil output increase scheduled to start in October after oil prices hit their lowest in nine months, four sources from the producer group told Reuters ...

New car registrations in Britain fell slightly in August, industry data showed on Thursday, in line with expectations of a traditionally quieter month. The Society of Motor Manufacturers and Traders (...

Inflation in Cyprus stood at 1.5 per cent in August, its lowest level since March of this year, according to a report from the Cyprus Statistical Service (Cystat) released on Thursday. ...

The Cyprus Information Technology Enterprises Association (CITEA) announced this week that it has signed a cooperation agreement with the Dubai World Trade Centre (DWTC). This agreement paves the way for ...

The Cyprus Chamber of Commerce & Industry (Keve) on Thursday announced that the Shorewinner project, a pioneering effort to advance skills in the offshore renewable energy sector, is set for ...

Digital banking platform FINOM, which also has offices in Cyprus, announced the appointment of Alessandro Camilotti as its new chief financial officer on Thursday. The Amsterdam-based firm explained that Camilotti’...

The Cyprus Securities and Exchange Commission (CySEC) this week announced that it has imposed a total administrative fine of €50,000 on Cypriot investment firm (CIF) IC Markets (EU) Ltd. According to ...

Cyprus’ Turnover Value Index for the transport and storage sector reached 139.4 units in the second quarter of 2024, marking an increase of 1.8 per cent compared to the same period last year. ...