#BusinessPick

The newly-appointed Commissioner for the Environment, Antonia Theodosiou, acknowledged the importance of the Cyprus Sustainable Tourism Initiative (CSTI) and its significance to the tourism industry. Addressing the 16th Annual General ...

Britain’s competition regulator plans to make big tech companies give their rivals greater access to data and limit them from promoting their own products under new powers it is ...

Junior Achievement Cyprus (JA Cyprus) is launching its JA StartUp, which is aimed at fostering business ideas and innovation among university students in Cyprus, for the fifth consecutive year. It ...

Netflix’s (NFLX.O) ad-supported tier has reached more than 23 million global active users per month, the Variety magazine reported on Wednesday, quoting the streaming giant’s advertising chief Amy ...

The hack of the U.S. Securities and Exchange Commission’s official account on X on Tuesday renewed concerns about the social media platform’s security since its takeover by ...

The European Central Bank (ECB) will cut its key interest rates sooner than it recently thought and should not wait until May to make a decision, as there are no ...

According to a report released by the Cyprus Statistical Service (Cystat), there was a 0.6 per cent year-on-year rise in the Home Price Index (HPI) during the third quarter of 2023. As ...

Despite alterations in interest rates, Cypriot banks have maintained a steady pace in providing loans throughout 2023, exceeding €3 billion in total net new loans by November. In November 2023, net new loans ...

Euro zone services activity could weaken further in the coming quarters due to rising interest rates but the impact on the sector may be more muted than on manufacturing, a ...

Oesterreichischer Lloyd Shipping Group announced the appointment of Sunil Kapoor as its newest Partner and Chief Operating Officer. Kapoor, with over 40 years in the maritime industry, will lead business development ...

Activist investors are expected to launch more and bolder campaigns for change among European companies in the year ahead, advisers told Reuters, after a record number in 2023. Europe was for ...

Samsung Electronics Co Ltd reported a likely 35 per cent drop in fourth-quarter operating profit on Tuesday, much worse than analysts expected as weak consumer demand persisted in many of its ...

In an official announcement by the Deputy Ministry of Social Welfare, the Department for Social Inclusion of Persons with Disabilities informed recipients of the monthly Blind and the Severe Mobility ...

According to a report released by the Cyprus Statistical Service (Cystat), in November 2023, Cyprus witnessed a notable 1.6 per cent increase in retail trade volume compared to October. This positive trend ...

The European Central Bank (ECB) approved the appointment of Petros Christodoulou as the Non-Executive Chairman of the Hellenic Bank Board of Directors, with immediate effect. Christodoulou replaces Christos Themistocleous’ who ...

In December, the Cyprus Statistical Service (CSE) reported an inflation rate of 1.6 per cent, slightly below Eurostat’s harmonised consumer price index, which recorded 1.9 per cent. This positions Cyprus with ...

The Union of Cypriot Pensioners (Ekysy) has announced a positive development for pensioners across the island, as legislation came into effect on January 1, ensuring a 3.89 per cent increase in the ...

ChatGPT was well on its way to becoming a household name even before 2023 kicked off. Just weeks after the Nov. 30 launch of the generative artificial intelligence-powered chatbot, OpenAI, the non-profit ...

In addition to generating clean energy, sea locations with turbines could be used to grow mussels, oysters and seaweed. By Michael Allen Off the coasts of Belgium, Denmark, Germany and ...

Intel (INTC.O) on Wednesday said it was forming a new independent company around its artificial intelligence software efforts with backing from digital-focused asset manager DigitalBridge Group (DBRG.N) and ...

Fines imposed by Russian courts on Alphabet’s Google (GOOGL.O) and YouTube, Meta (META.O), TikTok and Telegram appear to have been settled as the companies are no longer ...

Apple (AAPL.O) on Tuesday fell nearly 3.6 per cent to a seven-week low after Barclays downgraded the shares of the world’s most valuable company on concerns that demand for ...

Five experts who appeared in Horizon Magazine in 2023 outline how their areas of activity will evolve in the coming year and beyond. By Anthony King From sail-powered tankers and new ...

Rivian Automotive (RIVN.O) missed market estimates for fourth-quarter deliveries as tough competition and high interest rates weighed on demand for its electric vehicles, sending the company’s shares down ...