Business

By Charles Ellinas That’s what the findings of the Economist Intelligence Unit’s (EIU) 2023 edition of its annual ‘Democracy Index’, released mid-February, show. In contrast to Cyprus, Greece improved ...

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 ...

Eurostat’s latest data reveals a compelling shift in the landscape of Renewable Energy Sources (RES) for heating and cooling within the European Union. The year 2022 witnessed a substantial surge, ...

Elon Musk has sued ChatGPT-maker OpenAI and its CEO Sam Altman, saying they abandoned the startup’s original mission to develop artificial intelligence for the benefit of humanity and not ...

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 ...

Cyprus’ Business Cycle Index recorded an increase in accommodation and food services during the fourth quarter of 2023, along with a decline in professional activities, according to a report released this ...

The Ministry of Energy, Commerce, and Industry this week announced the extension of the deadline by six months, for approved applicants, to fully implement their investment proposals under the first ...

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 ...

TLDR Worldcoin’s (WLD) network activity is rising amid its climb to an all-time high. NuggetRush (NUGX) will launch a unique gaming spectacle where gold rewards are available. Its token ...

The House of Representatives in the early hours of Friday morning approved a number of important pieces of legislation, during a session that lasted over nine hours, among which was ...

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 ...

Never say never. That’s what seemed to be the case after a dormant Ethereum (ETH) whale woke up to send tokens worth $5.15 million. There had been no activity in ...

In the year 2023, Pepe (PEPE) became extremely popular in the web3 community. The inspiration for the PEPE meme coin came from the meme “Pepe the Frog,” which was created by ...

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 ...

The following table shows crude output by the Organization of the Petroleum Exporting Countries (OPEC) in millions of barrels per day (bpd) in February and January, according to a Reuters ...

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 ...

The vice president of the European Investment Bank (EIB) Kyriacos Kakouris on Thursday confirmed that the EIB’s stance on the Great Sea Interconnector, the electrical interconnection project between Cyprus, ...