#BusinessPick

Bitcoin hit a two-year high on Tuesday on signs of large players buying the cryptocurrency, while smaller rival ether topped $3,200 for the first time since 2022. Bitcoin has rallied more than 10 ...

Russia on Tuesday announced a six-month ban on gasoline exports from March 1 to compensate for rising demand from consumers and farmers and to allow for planned maintenance of refineries. The ...

Small and Medium-sized Enterprises (SMEs) and start-ups often grapple with a significant hurdle to their growth – the limited availability of finance. In a bid to address this challenge, the Cyprus ...

The Bank of Israel kept interest rates steady on Monday after cutting by a quarter-point in January, citing uncertainty over expected duration of the war in Gaza. The central bank ...

Qatar will raise natural gas production despite a recent steep drop in global prices, in a long-term bet on rising demand for the less polluting fuel in Europe and Asia. ...

The Artemis Credit Bureau, which collects and provides information on the financial behaviour of individuals and businesses in Cyprus, will begin evaluating businesses based on Environmental, Social, and Governance (ESG) ...

The annual growth rate of Cyprus’ Composite Leading Economic Index (CCLEI) continued to decelerate in January 2024, according to a report compiled by the University of Cyprus’ Economic Research Centre (CypERC). ...

The Cyprus Marine Club (CMC), a non-profit organisation that engages maritime industry stakeholders, recently hosted their Get Together event, a gathering attended by more than 100 guests, showcasing the club’s ...

Oil prices fell on Monday, extending losses from the previous session after the dollar rose on market views that higher-than-expected inflation could delay cuts to high US interest rates that ...

Ryanair (RYA.I) will receive even fewer Boeing (BA.N) aircraft by the end of June than previously expected, CEO Michael O’Leary said on Friday, potentially prompting the budget ...

Smartphone shipments into Europe, excluding Russia, experienced a 3 per cent year-on-year decline, totalling 37.8 million units in Q4 2023, according to a report released this week by technology industry analysts Canalys. Notably, ...

Zara owner Inditex (ITX.MC), the world’s biggest listed fast fashion company by sales, is expanding its low-priced Gen Z-focused brand Lefties to counter Chinese-founded rival Shein. The rapid ...

Google on Wednesday released new artificial intelligence (AI) models that outside developers potentially can fashion as their own, following a similar move by Meta Platforms (META.O) and others. The ...

Navigation device maker Garmin (GRMN.BN), beat fourth-quarter earnings expectations and forecast full-year revenue above estimates last, betting on strong growth in its auto and fitness businesses. Shares of the ...

The Biden administration is in talks to award more than $10 billion in subsidies to Intel Corp (INTC.O), according to a report by Bloomberg News, citing people familiar with the ...

Nestle (NESN.S) reported full-year organic sales growth slightly below expectations on Thursday as the world’s biggest packaged food company continued to hike prices, prompting some shoppers to turn ...

Edible electronics are being developed to assist rescue operations and go inside hospital patients, setting the stage for all-consuming tech to become consumable. By Anthony King Professor Dario Floreano is ...

Microsoft-backed (MSFT.O) OpenAI has completed a deal that values the artificial intelligence company at $80 billion or more, the New York Times reported on Friday, citing people with knowledge of ...

The US government is awarding $1.5 billion to GlobalFoundries (GFS.O) to subsidize semiconductor production, the first major award from a $39 billion fund approved by Congress in 2022 to bolster domestic chip ...

Investment banks Goldman Sachs (GS.N) and Macquarie (MQG.AX) as well as some hedge funds are positioning themselves to reap the benefits of a newly buoyant uranium sector as ...

Cyprus’ tourism ministry this week unveiled an incentive plan aimed at the qualitative and aesthetic improvement of beaches for the year 2024, with local authorities being the beneficiaries. In an official ...

GlobCom Company, in partnership with SEGULA Technologies, announced this week that it has started trials for Mercedes-Benz vehicles’ ADAS/AD sensory equipment on Cyprus public roads from February 12 to March 25, 2024. ...

Labour Minister Yiannis Panayiotou this week highlighted the importance of a collaborative approach to economic development between the government and the business community, noting that rational and balanced policies can ...

US software giant Microsoft (MSFT.O) will expand its artificial intelligence (AI) and cloud infrastructure in Spain through an investment of $2.1 billion in the next two years, the company’s ...