#business

Saudi Arabia’s government plans to create a fund of about $40 billion to invest in artificial intelligence, the New York Times reported on Tuesday, citing three people briefed on the ...

British inflation slowed in February, keeping the Bank of England on track to start cutting interest rates in the months ahead and offering some better economic news to Prime Minister ...

The United States is pressing Austria’s Raiffeisen Bank International, the biggest Western bank in Russia, to drop plans to buy a 1.5 billion euro ($1.6 billion) industrial stake of a Russian ...

Cyprus’ Finance Minister Makis Keravnos on Wednesday met with the president and members of the board of directors of Eurobank Holdings, during which he underscored the significance of attracting foreign ...

Efforts to transform Cyprus into an innovation-led economy resulted in a partnership combining technology and sports Cypriot football club Pafos FC is poised to revolutionise the way its players train ...

Oil prices edged lower on Wednesday after hitting multi-month highs in the previous session, as investors braced for the US Federal Reserve’s interest rate policy announcement later in the ...

Cyprus’ Construction Materials Index experienced a decrease of 2.23 per cent during the first two months of 2024, when compared to the same bimonthly period from the previous year, reflecting a moderation ...

The Commissioner for State Aid Control Stella Michaelides on Wednesday published her decision on a scheme for Small and Medium Size Enterprises (SMEs), titled “Circular Economy Project in Small and ...

Federal Reserve officials left their policy meeting in late January in search of “greater confidence” that inflation was on a sustainable downward path, a notably squishy standard they set for ...

A regular visitor from Sweden has been honoured with the title of ‘Tourism Ambassador of Ayia Napa’, in recognition of his 25th visit to the popular Cypriot resort town. According ...

The Bank of Cyprus (BoC) on Wednesday announced that it has obtained approval from the European Central Bank (ECB) to pay a cash dividend and to conduct a share buyback ...

Today’s businesses are on a mission to create the perfect workplace culture, aiming to make work more engaging and fun. But as they prioritise vibes and cultural fit, it’...

Kition Ocean Holdings recently held its annual “Kition Volunteer Blood Donation Day” at its facilities located at the Larnaca Port Passenger Terminal. This event marked the second consecutive year of ...

Cyprus has seen a 5.4 per cent increase in hourly labour costs, referred to as the total cost, during the fourth quarter of 2023, compared to the corresponding period in 2022, according to ...

Unilever (ULVR.L) said on Tuesday it would spin off its ice cream unit, home to popular brands such as Magnum and Ben & Jerry’s, into a standalone business ...

NatWest (NWG.L) will seek shareholder approval to buy back up to 15 per cent of its stock from the UK government, it said on Monday, as part of efforts to ...

The Empowering Girls in STEM Project (EGI-STEM) conference, which took place from February 27 to 29 in Nitra, Slovakia, put a spotlight on the vital need to boost girls’ participation in Science, ...

The House Committee on Energy, Trade, Industry and Tourism this week revisited a proposal aimed at abolishing fees for innovative startups, in a bid to boost innovation and entrepreneurship. This ...

Cyprus-based proptech startup Moving Doors, which provides tech-enabled serviced apartments, has announced its official expansion to Dubai, United Arab Emirates, marking a significant step in its international growth strategy. According ...

ROAR Games, a new independent games studio focused on original game development, has announced that it has secured $1.5 million from The Games Fund (TGF), a specialist early-stage VC fund with ...

The artificial intelligence boom has hit the crypto market with a bang. Coins linked to AI-focused crypto projects have jumped alongside tech stocks like Nvidia (NVDA.O), driven by insatiable ...

In response to the growing demand for businesses to adopt more sustainable and environmentally friendly practices, the Cyprus Chamber of Commerce & Industry (Keve) is set to host a seminar ...

The fervour around artificial intelligence has sparked a gold rush into AI-themed ETFs, as investors seek fresh ways to play the burgeoning technology following breathtaking rallies in market darlings such ...

Money market pricing and short-term trading signals make the idea of the first Bank of England rate cut coming in late summer look like a clear bet. Economists and strategists ...