#business

A group of current and former employees at artificial intelligence (AI) companies, including Microsoft-backed (MSFT.O) OpenAI and Alphabet’s (GOOGL.O) Google DeepMind this week raised concerns about risks ...

Canadian AI startup Cohere has raised $450 million in funding from returning investors such as Nvidia (NVDA.O) and Salesforce Ventures (CRM.N), as well as new investors including Cisco (CSCO....

Paramount Global’s (PARA.O) top executives this week laid out a sweeping restructuring plan that includes $500 million in annualized cost cuts, potential asset sales and a possible joint venture ...

British manufacturers reported a return to growth last month after a long slowdown, according to a survey published this week, but the higher prices charged by firms may add to ...

GameStop is back in the limelight after a hiatus of three years with the return of social media influencer “Roaring Kitty” Keith Gill, a key figure in the Reddit-driven “meme ...

Deputy Minister of Shipping Marina Hadjimanolis on Thursday, during her visit to Athens, highlighted the importance of cooperation, compliance, and the implementation of international law to strengthen a resilient maritime ...

The number of building permits issued in Cyprus increased by 3.3 per cent year-on-year for the period of January to March 2024, with the value of these permits rising to €0.73 billion, marking ...

The European Central Bank’s (ECB) decision to cut interest rates by 0.25 per cent on Thursday is expected to have a positive impact on the Cypriot economy, Professor Sofronis Clerides, ...

The European Central Bank (ECB) on Thursday cut interest rates for the first time in five years, a significant move amidst a backdrop of economic uncertainty. The ECB lowered its ...

Limassol port management company DP World Limassol held a blood drive this week, with the event serving a dual purpose, according to an official announcement released on Friday. Firstly, the ...

Eurobank has received approval from the European Central Bank (ECB) to distribute a cash dividend of €342 million, equivalent to €0.0933 per share, according to an official announcement released this week. The ...

KeelX, an innovative maritime software provider based in Limassol, this week announced the signing of an official partnership with Veracity, the leading maritime emissions cloud by internationally accredited registrar and ...

Eurobank’s esteemed business accelerator, enter grow go (egg), has recently been distinguished as the Best Performing New EBAN Member for 2024. This prestigious award was presented during a special event ...

Cyprus’ Deputy Minister of Tourism Kostas Koumis visited London this week, where he held a series of meetings with major tourism organisations and airlines to discuss the outlook for British ...

Trading platform Robinhood Markets (HOOD.O) said on Thursday it has agreed to buy crypto exchange Bitstamp for about $200 million in cash, speeding up a broader push into digital assets ...

World stocks were on the brink of an all-time high and the euro rose on Thursday after the European Central Bank cut interest rates for the first time in nearly ...

Chief Scientist Demetris Skourides recently attended a ceremony at NASA headquarters in Washington DC in order to witness the Cypriot team “Brute Force” receiving the highest accolade at the esteemed ...

The European Central Bank cut interest rates for the first time in five years on Thursday but kept investors in the dark about its next move given increasing uncertainty over ...

Cyprus’ Consumer Price Index (CPI) experienced an increase to 117.84 units in May of this year, up from the 117.09 units recorded in April, according to a report released on Thursday by ...

The Cyprus Mail recently had the opportunity to sit down with Kostas Kontogiannis, the Chief Financial Officer of e-commerce platform and online marketplace Skroutz, in the context of the company’...

A new AI-powered assistant called Placy has been launched in Cyprus, aiming to transform the real estate sector, according to an announcement released on Thursday. The announcement noted that this ...

The Cyprus Consumer Protection Service this week announced that it has posted on its website a list of toys sold on the online marketplace and e-commerce site Temu, due to ...

Cyprus’ Deputy Minister of Tourism Kostas Koumis visited London this week, where he held a series of meetings with major tourism organisations and airlines to discuss the outlook for British ...

Net new loans in Cyprus increased by €20.9 million in April 2024, according to a report released this week by the Central Bank of Cyprus (CBC). Specifically, according to the report, net ...