#BusinessPick

President of the Cyprus Hotel Association (Pasyxe) Thanos Michaelides this week raised concerns about a slowdown in summer bookings, indicating that 2024 may see a downturn compared to previous years. Michaelides ...

Google parent Alphabet on Tuesday showed how it is building on artificial intelligence across its businesses, including a beefed-up Gemini chatbot and improvements to its prized search engine as it ...

The value of bounced cheques recorded in Cyprus reached €252,988 during the first four months of 2024, according to a report released this week by the Central Bank of Cyprus (CBC). These ...

Cyprus’ construction sector has shown significant growth, as evidenced by the increase in building permits issued by the municipal authorities and the district administration offices in the early months of 2024. ...

Oil company Chevron (CVX.N) was the most shorted US stock in April, overtaking long-standing top target Tesla (TSLA.O) as short-sellers up their bets on weaker energy prices, according ...

British wages grew by more than expected, according to data published this week, but other figures suggested the labour market is losing some of its inflationary heat, keeping the Bank ...

Deputy Tourism Minister Kostas Koumis on Tuesday said that the total seat capacity airlines expect to offer for trips to Cyprus in the coming months will be similar to last ...

Cyprus’ construction sector has shown significant growth, as evidenced by the increase in building permits issued by the municipal authorities and the district administration offices in the early months of 2024. ...

If financial markets are right, interest rates won’t just stay high this year, but possibly forever. The return of inflation means ultra-low rates are history. And markets now reflect ...

Shipping Deputy Minister Marina Hadjimanolis is making an official visit to London to participate in the International Maritime Organisation’s (IMO) celebrations for the International Day for Women in Maritime, ...

TechIsland, the foremost tech association in Cyprus, is gearing up for the much-anticipated fourth edition of its annual TechIsland Summit, according to an announcement released on Monday. Scheduled for May 30, ...

National investment promotion agency Invest Cyprus recently showcased the country’s business and investment credentials in the Middle East, while also highlighting that Cyprus can act as a gateway to ...

British employers expect to raise wages by 4 per cent over the coming 12 months, a similar rate to three months ago, according to an industry survey on Monday that suggested businesses ...

Turkey will rein in public spending and boost efficiency under a savings plan announced on Monday, launching only essential state investment projects in a fresh move to build confidence in ...

TechIsland, the foremost tech association in Cyprus, is gearing up for the much-anticipated fourth edition of its annual TechIsland Summit, according to an announcement released on Monday. Scheduled for May 30, ...

The total number of registered vehicles in Cyprus surged by 33.5 per cent during the period of January to April 2024, reaching 17,589, compared to 13,180 during the same period in 2023, according to a ...

Employment in the Cypriot government has seen a rise of 5.2 per cent, totalling 2,697 individuals, for the period of January to April 2024, when compared to the same period in 2023, averaging at 54,837 ...

Deputy Minister of Tourism Kostas Koumis has extolled the value of sports tourism, saying that it can have a multiplier effect on the local economy, after having noted the segment’...

Meta Platforms (META.O), the parent company of Facebook and Instagram, said that it was expanding its suite of generative AI ads products to offer tools that can automatically create ...

Global private equity investors and asset managers are readying for billions of dollars worth of M&A and investments linked to data centres in Asia Pacific, as the artificial ...

Social media platforms like Facebook, Instagram and TikTok will have to “tame” their algorithms to filter out or downgrade harmful material to help protect children under recently published proposed British ...

Airbnb shares tumbled more than 6 per cent earlier this week after weak forecasts for the second quarter stoked investor fears about slowing growth at the vacation rental firm and took ...

Ferrari’s (RACE.MI) core earnings rose 13 per cent in the first quarter but its shares fell earlier this week as the luxury sports car maker confirmed its full-year forecasts, ...

Reddit shares soared 14 per cent earlier this week after the social media firm floored investors with strong revenue growth and improving profitability in the first earnings since its market debut. ...