#business

The dollar stood by 10-month highs against a basket of major currencies on Tuesday, supported by US bond yields scaling 16-year peaks, while the yen tiptoed deeper into the intervention ...

TechIsland, the largest technology association in Cyprus, with over 270 members, held its annual TechIsland Summit within the framework of the Reflect Festival on September 20, 2023. According to a statement released on ...

Limassol port manager DP World on Tuesday released a statement saying that as part of the celebrations to mark World Tourism Day, it held a special event for passengers last ...

The 2023 tourist season is set to surpass the record-breaking year of 2019 in terms of the number of foreign tourists. The numbers have been confirmed by the arrivals at our airports, ...

Cyprus has emerged as the leader in brain business job growth in Europe, with an impressive 62 per cent increase in the share of adults employed in such roles since 2014, according ...

Kition Ocean Holdings has officially declared zero increases in berthing fees for yacht owners in Larnaca Marina for the year 2024, according to a statement released by the company. The statement ...

A delegation from the Municipality of Limassol, led by Mayor Nikos Nicolaides, recently visited Malaga, Spain, to discuss and solidify a Memorandum of Cooperation between the Municipality of Limassol and ...

Amazon.com (AMZN.O) on Monday said it will invest up to $4 billion in cash in the high-profile startup Anthropic, in its effort to compete with growing cloud rivals on ...

The Central Bank of Cyprus (CBC) on Monday made a slight downward revision to its growth forecasts for 2023 and 2024, according to its latest macroeconomic projections released in September. The CBC ...

Britain’s pensions industry, Europe’s biggest, is posing a new challenge to the country’s 2 trillion pound ($2.5 trillion) government bond market a year on from the “mini-budget” crisis that ...

The European Central Bank has reached the point where it needs to be wary of raising interest rates too high and should try to avoid a hard landing of the ...

Britain’s decision to delay a ban on new fossil fuel car sales may make little difference to the pace of a shift to electric vehicles (EVs), even though the ...

A US sanctions authority delayed for months KFC’s exit from Russia this year after commenting on an “exit tax” for departing foreign firms when the deal was on the ...

Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that ...

Cyprus has been established as an important attractive tourist destination and this year is heading towards a very high performance. Over the last few months bookings have exceeded 95 per cent ...

Major drugmakers are using artificial intelligence to find patients for clinical trials quickly, or to reduce the number of people needed to test medicines, both accelerating drug development and potentially ...

As new technologies reshape workplaces, EU research has come up with new ways to help companies and workers stay in control. By Andrew Dunne Professor Steven Dhondt has a reassurance ...

Broadcom (AVGO.O) tumbled 6 per cent on Thursday after The Information reported Google executives had discussed dropping the company as a supplier of artificial intelligence chips as early as 2027. Alphabet-owned (...

A Polish watchdog is investigating Microsoft-backed (MSFT.O) OpenAI over a complaint that its ChatGPT chatbot breaks European Union data protection laws known as the GDPR, it said. OpenAI has ...

Here are the top business stories in Cyprus from the week starting September 18: Tourist arrivals to Cyprus witnessed a significant surge of 60,254 visitors in August 2023, a rise of 13.4 per cent ...

OpenAI on Wednesday unveiled Dall-E 3, the latest version of its text-to-image tool that uses its wildly popular AI chatbot ChatGPT to help fill in prompts. Dall-E 3 will be available to ...

Cisco Systems (CSCO.O) has agreed to buy cybersecurity firm Splunk (SPLK.O) for about $28 billion in its biggest-ever deal to beef up its software business and capitalize on the ...

A softening employment market in Britain “must weaken” consumer demand in 2024/25, the boss of clothing retailer Next (NXT.L), said on Thursday. “I’m not going to try and predict ...

In a collaborative effort to tackle the challenges facing the tourism industry, particularly the shortage of staff, the Pancyprian Association of Owners of Hospitality Centres (Osika) held a meeting earlier ...