#business

Walt Disney (DIS.N) has created a task force to study artificial intelligence and how it can be applied across the entertainment conglomerate, even as Hollywood writers and actors battle ...

Japan’s Sony (6758.T) this week said first-quarter profit tumbled due to weaker performances from its movies and financial businesses. In April-June, operating profit slid 31 per cent to 253 billion yen ($1.8 ...

When artificial intelligence (AI) apps started spreading in Nigeria’s music industry, Eclipse Nkasi thought his days as a producer were numbered. Then he took a step back, saw there ...

In today’s business landscape, Environmental, Social, and Governance (ESG) factors have emerged as key drivers of long-term value creation and sustainable growth for companies across industries Beyond financial performance, ...

Electrical interconnections have a critical role to play in our collective efforts to achieve climate neutrality, according to Andreas Poullikkas, Chairman of the Cyprus Energy Regulatory Authority (CERA). Poullikkas explained ...

Limassol port management company DP World Limassol on Tuesday announced that it has acquired new equipment, in an ongoing effort to enhance operations and increase productivity at the Multi-Purpose Terminal ...

The Central Bank of Cyprus on Tuesday announced that in July 2023, a total of 36 bounced cheques amounting to €112,717 were issued, contributing to the addition of 18 entities (11 legal and 7 natural persons) ...

Vehicle registrations in Cyprus witnessed an extraordinary surge during the first seven months of the year, with a notable 27.9 per cent increase in overall registrations between January to July 2023. The ...

Payments giant PayPal (PYPL.O) said on Monday it has launched a US dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers. ...

The Cyprus construction sector has seen a simultaneous increase in both the area and value of construction permits issued by municipal authorities and district administrations during the initial five months ...

British retailers suffered from heavy rain in July on top of the impact of high inflation with sales growth dropping to an 11-month low, a survey showed on Tuesday. The ...

Worldcoin has no problem attracting eyeballs. More than 2.2 million people have signed up, getting their irises scanned in exchange for a digital ID and, in some countries, free crypto. The ...

The Cyprus Association for the Protection of Borrowers (Syprodat) this week said that a commercial bank is moving forward with the auction of a 72-year-old retiree’s primary residence, valued ...

Moody’s cut credit ratings of several small to mid-sized US banks on Monday and said it may downgrade some of the nation’s biggest lenders, warning that the sector’...

Tesla (TSLA.O) finance chief Zachary Kirkhorn has stepped down, surprising analysts who considered the company veteran of 13 years as a possible successor to CEO Elon Musk. The world’s ...

Cyprus has been garnering substantial attention from international investors, particularly from fund managers and investment funds, as it solidifies its position as a top investment destination in Eastern Europe and ...

If medieval advances in the plough didn’t lift Europe’s peasants out of poverty, it was largely because their rulers took the wealth generated by the new gains in ...

In a bid to strengthen their existing partnership and foster collaboration in various areas of mutual interest, the Cyprus Shipping Chamber and the University of Cyprus recently signed a cooperation ...

British employers reduced the number of new permanent staff they hired through recruitment agencies by the most since mid 2020 last month due to concerns about the economic outlook, adding to ...

Turkey plans to impose a quota on imports of unprocessed gold in order to reduce the negative impact on the current account balance, according to a source familiar with the ...

British house prices fell in July for a fourth month and the slide looks set to extend into 2024, but the market showed some signs of resilience despite a rise in ...

Oil prices hovered near their highest levels since mid-April after top producers Saudi Arabia and Russia pledged to extend supply cuts through September, further tightening supplies. Prices have seen a ...

Around 80 per cent of Hong Kong-based investment banking staff at Credit Suisse will be made redundant starting this week, two people with knowledge of the matter said, as part of ...

A major increase in solar power generation in southern Europe played a leading role in averting energy shortages during the heatwaves of recent weeks when temperatures broke records and drove ...