#business

The World Bank on Tuesday slashed its global growth forecast for 2025 by 0.4 percentage point to 2.3 per cent, saying that higher tariffs and heightened uncertainty posed a “significant headwind” for nearly ...

The Finance Ministry on Tuesday announced the implementation of a revised and locked notification template for outgoing transfers of funds, in accordance with the provisions of the relevant article under ...

Electric and hybrid vehicles in Cyprus have gained a stronger foothold in the market during the first five months of 2025, according to official data released on Tuesday by the state ...

Freedom Holding Corp., the parent company of Freedom24, has been selected for inclusion in the internationally recognised Russell 3000® Index as part of its 2025 annual reconstitution. The inclusion will become effective ...

Cyprus posted a trade deficit of €2.61 billion for the period between January and April 2025, up from €2.46 billion recorded during the same period in 2024, despite a notable surge in exports, according ...

Columbia Group is anchoring new maritime ventures in Cyprus, leveraging its collaboration with the Emirates Shipping Association to drive digital transformation across the wider region. Speaking at the Investopia Global ...

Cyprus took the spotlight at the Investopia Global Mediterranean Forum in Limassol this week, with Energy Minister George Papanastasiou reaffirming the country’s commitment to building closer ties with the ...

The United Arab Emirates sees Cyprus and the wider Mediterranean as strategic partners in building a resilient and innovation-driven regional economy, UAE minister of Economy Abdulla bin Touq Al Marri ...

Most businesses are still failing to align AI investments with workforce readiness, according to Kyndryl’s People Readiness 2025 report, with 71 per cent of leaders admitting their workforces are not yet ...

Britain lacks the computing infrastructure to deliver the full potential of its leading artificial intelligence research base, Nvidia’s (NVDA.O) CEO said on Monday, as the UK partners with ...

Apple is facing an unprecedented set of technical and regulatory challenges as some of its key executives are set to take the stage on Monday at the company’s annual ...

OPEC oil output rose in May by less than the volume planned, a Reuters survey found, as Iraq made further cuts to compensate for earlier pumping above target and Saudi ...

Saudi Arabia’s economy grew by more than expected in the first quarter of 2025, according to government data estimates, with lower oil prices impacting the economy less than previously forecast. ...

Warner Bros Discovery (WBD.O) said it would split into two publicly traded companies, separating its studios and streaming business from its fading cable television networks as the parent of ...

US chipmaker Qualcomm (QCOM.O) agreed to acquire Alphawave (AWE.L) for about $2.4 billion on Monday, as it expands into the booming AI data center market, sending shares of the ...

This year’s annual lecture in economics from the Cyprus Economic Society, featured Sir Paul Collier, a pre-eminent global development economist and professor of Economics and Public Policy at the ...

Two years after the launch of ChatGPT, return on investment in generative AI has been elusive, but one area stands out: software development. So-called code generation or “code-gen” startups are ...

Art lead, Daria Babkovskaya, explains how AI tools in marketing art improve the creative workflow Daria Babkovskaya, promo art lead at Cubic Games, says artificial intelligence tools are helping the ...

Surging government debt levels are becoming a pressure point for big economies and bond investors have their sights on those not doing enough to improve their finances. A Moody’s ...

Refiners across the globe are reaping unexpected profits from producing key fuels in recent weeks, offering an ailing sector respite before an anticipated weakening later this year, as plant closures ...

Spending on AI-powered search advertising is poised to surge to nearly $26 billion by 2029 from just over $1 billion this year in the US, driven by rapid adoption of the technology and ...

From Mediterranean olive oil to Scandinavian fish, researchers are integrating digital technologies into Europe’s key food industries to crack down on counterfeit products. By Ali Jones The rolling hills ...

Here are the top business stories in Cyprus from the week starting June 2: Cyprus has taken a significant step in strengthening its regulatory framework for investment funds, following the House ...

Microsoft (MSFT.O) is offering free of charge to European governments a cybersecurity programme, launched this week, to bolster their defences against cyber threats, including those enhanced by artificial intelligence, ...