#business

IBM (IBM.N) has made a play for more sales in the crowded artificial intelligence field, touting tools that could help customers manage a fleet of AI agents for their ...

Here are the top business stories in Cyprus from the week starting May 5: Limassol businesses are still grappling with staffing shortages, rising costs and red tape, according to the latest ...

The US Department of Justice has proposed that Google sell its AdX digital ad marketplace and DFP platform for managing and delivering ads on websites, after a federal judge found ...

OpenAI has dialed back a significant restructuring plan, with its nonprofit parent retaining control in a move that is likely to limit CEO Sam Altman’s power over the pioneering ...

Italian luxury sports carmaker Lamborghini reported a 29.6 per cent jump in revenue to 895.2 million euros, driven by strong global demand for its new hybrid models, the Revuelto and Urus SE, ...

A much-delayed nuclear fusion project involving more than 30 countries is ready to assemble the world’s most powerful magnet – a key part of efforts to generate clean energy by smashing ...

Saudi Arabia’s non-oil private sector activity expansion slowed in April as growth in new orders decelerated sharply, even as hiring rates reached their joint-fastest pace in more than a ...

Two Cypriot student robotics teams have made their mark on the international stage, representing Cyprus at prestigious global events as part of the 2025 FIRST® LEGO® League (FLL) season, which this ...

Dr Mary Lynne Hedley, a trailblazer in biotechnology and scientific entrepreneurship, recently visited Cyprus to inspire the next generation of life science innovators. A Senior Scientific Fellow at the Broad ...

Trading of Hellenic Bank Public Company Ltd shares will be suspended from Thursday, May 15, 2025, following the exercise of a squeeze-out right by Eurobank S.A. The move comes after the ...

Saudi Arabia and the United States are discussing a deal to cooperate on the kingdom’s ambitions to develop a civil nuclear industry, talks that have long been complicated by ...

Dutch healthcare technology company Philips (PHG.AS has cut its profit margin forecast for 2025, citing a net impact from tariffs of between 250 and 300 million euros ($283 million-$340 million) despite “substantial tariff ...

Growth in the UAE’s non-oil private sector held steady in April, while employment rose at the fastest pace in 11 months as firms sought to reduce workloads and support new ...

Volvo Cars this week reported an 11 per cent decrease in April sales to 58,881 cars from a year earlier, sending its shares down. Volvo Cars, which is majority-owned by China’s ...

Eurobank Holdings on Friday posted total net profits of €314 million for the first quarter of 2025, marking a 9.4 per cent increase compared to the same period in 2024. The bank announced that ...

The European Union will make a “big push” towards a capital markets union, which experts says would free up funds to finance defence spending as well as digital and green ...

Trading of Hellenic Bank Public Company Ltd shares will be suspended from Thursday, May 15, 2025, following the exercise of a squeeze-out right by Eurobank S.A. The move comes after the ...

Electric and hybrid cars are making up an increasing share of new vehicle registrations in Cyprus, even as total registrations continue to decline. Between January and April 2025, electric vehicles accounted ...

Cyprus is expecting a record number of arrivals from Romania this year, Deputy Minister of Tourism Kostas Koumis said during a visit to Bucharest. Koumis travelled to the Romanian capital ...

The Cyprus Forum will return to London on May 22, according to an announcement released on Friday. The event will bring together diplomats, academics, journalists and civil society leaders for a ...

Ermes Department Stores Plc has reached an agreement to transfer the operations of its four ERA department stores to Gencom Ltd, a Nicosia-based company, for a nominal sum of €1. The ...

The Bank of Cyprus Holdings Public Limited Company on Friday announced that it purchased a total of 374,923 of its own ordinary shares between May 2 and May 8, 2025. The shares, each with ...

A majority of Cypriots are concerned that artificial intelligence could threaten the cultural sector and the livelihoods of artists, echoing widespread concerns across the EU, according to a new Eurobarometer ...

The Paphos Chamber of Commerce and Industry (Evep) has called for “urgent and coordinated” state support to implement major infrastructure projects and advance the strategic development of the city and ...