Business

By Michael Timothy Bennett & Elija Perrier A new artificial intelligence (AI) model has just achieved human-level results on a test designed to measure “general intelligence”. On December 20, OpenAI’s ...

British households’ expectations for inflation rose in December, according to a survey that may add to concerns among investors about the slow pace of future interest rate cuts by the ...

Ryanair (RYA.I) plans to operate a full schedule of flights from Tel Aviv this summer and is hopeful that Ben Gurion Airport will reopen its shuttered Terminal 1, senior executive ...

Demetra Holdings shareholders have approved a resolution to sell the company’s shares in Hellenic Bank to Eurobank, according to an official statement released on Friday. The statement, which was ...

Samsung Electronics’ (005930.KS) preliminary fourth-quarter operating profit missed estimates by a large margin, with the South Korean tech giant hit hard by extra costs as it works towards providing high-end ...

In a first, the EU General Court ruled this week that the European Commission must pay damages to a German citizen for failing to comply with its own data protection ...

Quantum computing stocks sank on January 8, pausing a year-long rally, after Nvidia (NVDA.O) CEO Jensen Huang said the technology’s practical use was likely two decades away. The long ...

After years of delays, the Electricity Authority of Cyprus (EAC) will begin installing smart meters this month, starting with urban areas across the country. EAC spokesperson Christina Papadopoulou outlined the ...

Cyprus will resolve all technical issues necessary to join the Schengen area by 2025, President Nikos Christodoulides said on Friday. The political aspects of the matter have already been addressed, he ...

Tesla (TSLA.O) said on Friday it was recalling about 239,000 vehicles over an issue that could cause the rear-view camera to not display an image, but it could be resolved ...

The value of bounced cheques in Cyprus saw a significant decline in 2024, dropping by €1.15 billion to €617,873. This compares to €1.77 million in 2023, according to figures released on Friday by the Central ...

Hermes Airports CEO Eleni Kaloyirou on Friday said that Cyprus needs to adapt to evolving travel trends and transportation demands, particularly as climate change and shifting traveller preferences reshape the ...

Ethereum faces sharp losses, Solana advances with its Firedancer upgrade, Cardano rolls out technical enhancements, and JetBolt hits presale milestones. With these key moves, could altseason finally be here? The ...

US investors pulled out of equity funds and moved to the safety of money market funds in the week to Jan. 8 driven by uncertainties about the Fed’s interest rate ...

Sterling continued its slide on Friday, its fourth day of falls, as elevated global bond yields kept the currency under pressure. The pound was down 0.17 per cent against the dollar ...

Demetra Holdings shareholders have approved a resolution to sell the company’s shares in Hellenic Bank to Eurobank, according to an official statement released on Friday. The statement, which was ...

Alexandros Iosifidis, a seasoned engineer with 30 years at the Cyprus Shipping Chamber (CSC), has been appointed its new director general, effective from April 1, 2025. He succeeds Thomas Kazakos, who is slated ...

Cyprus’ two international airports experienced record-breaking passenger traffic in 2024, according to the Transport Ministry. The Larnaca and Paphos airports combined saw a 5.6 per cent increase in traffice when compared to 2023, ...

Global auto suppliers are working out how much of their production can be moved to the United States, or closer to it, as a defense against tariffs promised by President-elect ...

Cyprus recorded the highest monthly increase in retail turnover among EU member states in November 2024, according to preliminary data released on Thursday by Eurostat. Retail turnover in Cyprus grew by 2.3 ...

Cyprus’s trade deficit fell by €769 million in the first 11 months of 2024, reaching €7.14 billion compared to €7.91 billion in the same period of 2023, according to preliminary data from the statistical service. ...

The Central Bank of Cyprus (CBC) announced this week that it has started to accept instant payments on behalf of itself and its clients, including certain government departments and state ...

Limassol’s mayors and business leaders convened this week to discuss their demands for increased state funding and a “sharper strategic focus” from the government. They argued that Limassol, a ...

Global energy major BP (BP.L) has pledged to lift oil production by 44 per cent and gas output by 89 per cent from India’s largest field off its west coast, ...