#BusinessPick

Global hedge funds sold tech stocks at their highest pace in almost eight months in the week to Feb. 23, Goldman Sachs said, piling into bets against the sector just as ...

Deutsche Telekom (DTEGn.DE) recently showcased a futuristic smartphone concept that relies on artificial intelligence rather than applications (apps) to handle users’ specific needs. Smartphones today typically use apps for ...

Global companies are setting up more offices in India and expanding in-house teams but that does not mean the end of the road for Indian IT firms, which rely heavily ...

Investors’ fervor for all things AI-related is leaving its mark on the US options market, as traders pile in to derivatives bets to gain exposure to the red-hot investing theme. ...

Alphabet’s (GOOGL.O) Google Cloud has ramped up its criticism of Microsoft’s cloud computing practices, saying its rival is seeking a monopoly that would harm the development of ...

Online travel platform Expedia (EXPE.O) said on Monday it was cutting about 1,500 jobs globally, or about 9 per cent of its total workforce, as part of its “organizational and technological ...

Zoom Video Communications (ZM.O) on Monday posted better-than-expected quarterly results helped by strong demand for its expanding product portfolio as more employers embrace hybrid work models, sending its shares ...

The Central Bank of Cyprus (CBC) and the Bank of Greece (BoG) on Friday signed a Memorandum of Cooperation during a ceremony held in Nicosia. The signing ceremony took place ...

Europe’s automakers and their already-stretched suppliers face a tough year as they race to cut costs for electric models to counter leaner Chinese rivals which are bringing cheaper vehicles ...

Microsoft’s (MSFT.O) deal with French tech startup Mistral AI is facing scrutiny in the European Union. On Monday, Microsoft announced it would soon make Mistral’s AI models ...

Amazon Web Services Mexico (AWS), a unit of Amazon.com Inc (AMZN.O), announced on Monday it will invest over $5 billion to open a cluster of data centers in Mexico, ...

Cypriot telecommunications company Cyta this week presented its 2024 budget to the House Finance Committee, underlining its commitment to strategic planning, innovation, and societal impact. Maria Tsiakka, President of Cyta, addressed ...

In a marathon session that extended into the early hours of Friday, the House unanimously approved the budget of the Cyprus Stock Exchange (CSE) for 2024. At the same time, the ...

The Central Bank of Cyprus (CBC) announced this week that it expects a 2.2 per cent increase in the country’s Gross Domestic Product (GDP) for the year 2023, following a substantial 5.1 ...

The Deputy Ministry of Tourism and the Cyprus Hospitality Association this week held the Cyprus Hospitality Awards, an event that sought to honour exceptional people and businesses from the tourism ...

Artificial intelligence offers a growing and potentially lucrative opportunity for Intel’s (INTC.O) freshly standalone programmable chip unit, its CEO Sandra Rivera said. Intel’s programmable chip unit began ...

Cyprus’ tourism revenue amounted to €74.3 million in December 2023, compared to €57.6m in the corresponding month of the previous year, marking an increase of 29 per cent, according to a report released ...

Inflation fell in six economically important German states in February, preliminary data showed on Thursday, suggesting that German inflation is continuing on its downward trajectory. The inflation rate in North ...

German sports apparel company Puma (PUMG.DE) plans to return up to 50 per cent of its net income to shareholders, it said on Thursday The company will now return between 25...

Consulting and advisory firm Deloitte Cyprus on Thursday announced the release of the organisation’s Global Human Capital Trends report for 2024, which examines the most important issues for organisations, leaders ...

Cyprus’ tourism revenue amounted to €74.3 million in December 2023, compared to €57.6m in the corresponding month of the previous year, marking an increase of 29 per cent, according to a report released ...

Cyprus’ general government recorded a surplus of €876.3 million during the entirety of 2023, according to the preliminary financial results released on Thursday by the Cyprus Statistical Service (Cystat). In terms of ...

The Cyprus Real Estate Agents Registration Council on Thursday announced that it successfully conducted a training seminar on February 28, in collaboration with the Tax Department. According to the announcement, the ...

The Central Bank of Cyprus (CBC) and the Bank of Greece are set to sign a Memorandum of Cooperation, formalising collaboration in specific areas such as resilience exercises, as well ...