#business

Approximately one third of the people in Cyprus are currently struggling to find the money for a weekly get-away, according to new Eurostat data released on Monday. Specifically, the EU’...

An increasingly volatile environment has resulted in investment diversification becoming key in order to boost financial resilience among Cypriot households and businesses, according to Dr Stella Mourouzidou Damtsa, CFA. In ...

The Shipping Deputy Ministry on Monday announced that the Cyprus Maritime Award 2025 will be presented during the opening ceremony of the Maritime Cyprus Conference. A tradition dating back to 1993, the ...

A total of €24.25 million in new funding for innovative products and services has been launched by the Research and Innovation Foundation (RIF), according to director general Theodoros Loukaidis. Loukaidis has ...

The Digital Cooperation Organisation (DCO), of which Cyprus is a member, has launched a new AI Ethics Evaluator Policy Tool to support the responsible development and deployment of artificial intelligence. ...

Cyprus has strengthened its reputation as a trusted maritime jurisdiction, ranking tenth globally among the world’s largest flag states in 2025 with a fleet totaling 24.4 million gross tonnage, according to ...

Cyprus has overtaken the EU average in online banking, with 85.1 per cent of internet users managing their finances online in 2024, according to Eurostat’s Digitalisation in Europe 2025 report.   The share ...

European researchers are developing quantum computers using light and glass, in a collaboration that promises breakthroughs in computing power, battery technology and scientific discovery. By Anthony King Giulia Acconcia grew ...

America’s largest power grid is under strain as data centers and AI chatbots consume power faster than new plants can be built. Electricity bills are projected to surge by ...

With support from the EU, artists, scientists and food companies are teaming up to find fresh, creative ways to make our food systems greener and more efficient. By Hannah Docter-Loeb ...

Nvidia-backed Perplexity AI has announced the launch of Comet, a new web browser with AI-powered search capabilities, as the startup looks to challenge the dominance of market leader Alphabet’s (...

TikTok is preparing to launch a standalone app for US users that is expected to operate on a separate algorithm and data system from its global app, laying the groundwork ...

The number of customers that use Arm-based (O9Ty.F) chips in data centers has grown to 70,000, a 14-fold increase since 2021, the company told Reuters. Under the guidance of Chief ...

By Nektarios Michail The recent geopolitical tensions that keep erupting around the world have underlined the fact that Europe and the US may likely be unprepared, and are definitely underperforming, ...

Here are the top business stories in Cyprus from the week starting July 7: Cyprus recorded a 2 per cent rise in house prices in the first quarter of 2025 compared with a ...

Samsung Electronics has unveiled thinner, lighter foldable phones as it aims to fend off Chinese competition in the higher-margin, premium segment that remains untapped by arch rival Apple (AAPL.O). ...

OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of voluntary production cuts by eight members and the United Arab ...

The attractiveness of the United States as an investment destination has plunged in the eyes of British business executives who now see opportunities closer to home, a survey showed this ...

President of the hoteliers association (Pasyxe) Thanos Michaelides on Friday said that Paphos has significant potential to boost visitor numbers. In addition, he also said that the district can attract ...

British house prices stagnated month-on-month during June, as economists polled by Reuters had expected, figures from Halifax showed this week. The mortgage lender revised up May’s reading to show ...

Shell (SHEL.L) expects quarterly earnings to be hit by weaker trading in its integrated gas division and losses at its chemicals and products operations, it said this week ahead ...

British luxury carmaker Jaguar Land Rover reported a 10.7 per cent drop in first-quarter sales, its Indian parent Tata Motors (TAMO.NS) said this week, hit by a temporary pause in ...

Oil prices rose by around 1 per cent on Friday as investors weighed a tight prompt market against a potential large surplus this year forecast by the IEA, while US tariffs ...

Britain’s economy contracted unexpectedly for a second month running in May, official data showed on Friday, compounding worries at home for finance minister Rachel Reeves as the nation navigates ...