Business

A commitment to work towards the further development and strengthening of the shipping sector in Cyprus was expressed by President Nikos Christodoulides. Addressing the opening reception of the “Maritime Cyprus 2023” ...

New challenges and opportunities lie ahead for seafarers as the maritime industry undergoes a major evolution, driven chiefly by its energy transition. From autonomous ships to smart ports, from cyber ...

OpenAI, the company behind ChatGPT, is exploring making its own artificial intelligence chips and has gone as far as evaluating a potential acquisition target, according to people familiar with the ...

By Ioannis Tirkides Europe’s fiscal rules were suspended in 2020 in the wake of the Covid crisis, the outbreak of war in Ukraine and the energy crisis it triggered. A ...

US job growth surged in September, suggesting that the labor market remains strong enough for the Federal Reserve to raise interest rates this year, though wage growth is moderating. Nonfarm ...

Canadian technology company BlackBerry (BB.TO), said on Wednesday it would separate its Internet of Things (IoT) and cybersecurity business units and target a subsidiary initial public offering for the ...

The Cyprus Mail recently met with Yannis Matsis, head of MUFG Investor Services’ Cyprus office, to discuss the company’s plans for the Cyprus business, its commitment to the region ...

Short-term patchwork government measures to deal with cost-of-living crisis and persistent inequalities are not enough By Les Manison A report by the OECD on “taxing wages” reveals that the increase ...

Here are the top business stories in Cyprus from the week starting October 2: The Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou on Friday used his keynote address ...

European Union antitrust regulators have commissioned a study into mobile ecosystems to help them counter any pushback from Apple (AAPL.O) and Alphabet’s (GOOGL.O) Google in complying with ...

Monthly US ad revenue at social media platform X has declined at least 55 per cent year-over-year each month since billionaire Elon Musk bought the company formerly known as Twitter in ...

Social media giant Meta Platforms (META.O) said on Wednesday that it has started rolling out generative artificial intelligence (AI) tools that can create content like image backgrounds and variations ...

Energy Minister George Papanastasiou praised on Saturday the development surrounding EuroAsia Interconnector that has seen Greece’s Independent Power Transmission Operator (IPTO) appointed as the implementation body and project promoter. ...

In an era in which sustainability has become the objective, the shipping industry is investing in eco-friendly technologies, cleaner fuels, and energy-efficient ship designs By Souzana Psaras In 2024, the Cyprus ...

DP World Limassol, the port management company of Limassol port, is positioning itself as the ideal service centre for the region’s burgeoning oil and gas operations, according to CEO ...

For the second consecutive month, Cyprus saw a surge in inflation in September, primarily due to an increase in food prices, pushing the annual inflation rate to 4 per cent, according ...

A recent consumer behaviour study conducted by the Consumer Protection Service reveals that 83 per cent of consumers visit more than one supermarket each month to make their purchases. The primary ...

TUS Airways conducted its first-ever flight from Larnaca to Dubai last Sunday, as stated in a press release issued by the airline. Flight U8 684, operated by TUS Airways, utilised a ...

In a recorded speech aired during the opening ceremony of the 2nd Financial Markets Forum hosted by Freedom Finance Europe, Cyprus’ Minister of Finance, Makis Keravnos, affirmed the government’s ...

Alphabet’s Google (GOOGL.O) on Wednesday launched Pixel 8 smartphones and a new smartwatch that integrate its artificial intelligence (AI) technology more deeply into the company’s consumer gadgets. Google’...

Finance Minister Makis Keravnos said on Friday he is “in favour of targeted measures to help mostly vulnerable groups from the wave of rising costs and inflation.” He made the ...

Private Russian oil producer Lukoil will lend Azeri state oil firm Socar $1.5 billion as part of a broader deal that will allow Socar’s 200,000-barrel-per-day Turkish STAR refinery to process ...

The Laona foundation said on Friday it was completely opposed to a tyre burning facility in Ypsonas, or anywhere else in the country, citing a negative footprint on the energy ...

Andreas Papadopoulos has served as Chairman of the Cyprus Shipping Association since 2021, representing the owners/operators of chartered/liner vessels that call at the island’s ports and port establishments ...