Business

A delegation from the Municipality of Limassol, led by Mayor Nikos Nicolaides, recently visited Malaga, Spain, to discuss and solidify a Memorandum of Cooperation between the Municipality of Limassol and ...

Amazon.com (AMZN.O) on Monday said it will invest up to $4 billion in cash in the high-profile startup Anthropic, in its effort to compete with growing cloud rivals on ...

State oil giant Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company (TAQA) (TAQA.AD) said on Monday they secured the financing for a $2.2 billion project to ...

TechIsland, the largest tech association in Cyprus, announced the launch of version 1.0 of the “CY GUIDE Chatbot” powered by LoqosAI. Aimed at providing smooth transition for individuals relocating to Cyprus, ...

By 2025 the state-run entity managing minimum oil stocks will have self-owned storage facilities, Energy Minister George Papanastasiou said on Monday. Currently Kodap (Organisation for the Storage and Management of Oil ...

The Central Bank of Cyprus (CBC) on Monday made a slight downward revision to its growth forecasts for 2023 and 2024, according to its latest macroeconomic projections released in September. The CBC ...

Britain’s pensions industry, Europe’s biggest, is posing a new challenge to the country’s 2 trillion pound ($2.5 trillion) government bond market a year on from the “mini-budget” crisis that ...

While Solana (SOL) has faced challenges despite integrating with Visa, VeChain (VET) surged following its collaboration with SingularityNET. VC Spectra (SPCT) is also gaining attention for its lucrative returns. The ...

In the ever-competitive and rapidly evolving crypto world, milestones serve as significant markers of growth and potential. As the Coinbase layer-2 network, Base, reaches an impressive 2M transactions in a ...

The European Central Bank has reached the point where it needs to be wary of raising interest rates too high and should try to avoid a hard landing of the ...

Britain’s decision to delay a ban on new fossil fuel car sales may make little difference to the pace of a shift to electric vehicles (EVs), even though the ...

A US sanctions authority delayed for months KFC’s exit from Russia this year after commenting on an “exit tax” for departing foreign firms when the deal was on the ...

Crypto millionaires are switching their investments from established cryptocurrencies like Polkadot (DOT) and Tron (TRX) to a rapidly rising newcomer, Everlodge (ELDG). Now in its presale phase, Everlodge represents a ...

Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that ...

Ant Group’s retraction of a $100 million crypto investment raises concerns about the potential impact on the value of these top crypto coins. Litecoin (LTC) experienced a drop followed by ...

Cyprus has been established as an important attractive tourist destination and this year is heading towards a very high performance. Over the last few months bookings have exceeded 95 per cent ...

Consulco Group was established 30 years ago and has offices in London, Dubai, Nicosia and Limassol Consulco, through its London-based lending subsidiary, namely London Credit, has been successfully providing London property ...

Major drugmakers are using artificial intelligence to find patients for clinical trials quickly, or to reduce the number of people needed to test medicines, both accelerating drug development and potentially ...

As new technologies reshape workplaces, EU research has come up with new ways to help companies and workers stay in control. By Andrew Dunne Professor Steven Dhondt has a reassurance ...

Broadcom (AVGO.O) tumbled 6 per cent on Thursday after The Information reported Google executives had discussed dropping the company as a supplier of artificial intelligence chips as early as 2027. Alphabet-owned (...

A Polish watchdog is investigating Microsoft-backed (MSFT.O) OpenAI over a complaint that its ChatGPT chatbot breaks European Union data protection laws known as the GDPR, it said. OpenAI has ...

Here are the top business stories in Cyprus from the week starting September 18: Tourist arrivals to Cyprus witnessed a significant surge of 60,254 visitors in August 2023, a rise of 13.4 per cent ...

OpenAI on Wednesday unveiled Dall-E 3, the latest version of its text-to-image tool that uses its wildly popular AI chatbot ChatGPT to help fill in prompts. Dall-E 3 will be available to ...

Cisco Systems (CSCO.O) has agreed to buy cybersecurity firm Splunk (SPLK.O) for about $28 billion in its biggest-ever deal to beef up its software business and capitalize on the ...