Business

Freight costs have increased dramatically as a result of the Houthi attacks on ships in the Red Sea, with some ships now going round the Cape of Good Hope to ...

The Cyprus Organisation for Standardisation (CYS) and the Great Britain-Cyprus Business Association (GBCY) have announced a strategic partnership to strengthen business connections and opportunities between companies in the UK and ...

Volkswagen’s voice assistant integrating ChatGPT into its cars will be able to converse with users in a back-and-forth dialogue by the middle of the year, the carmaker said on ...

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 ...

Netflix (NFLX.O) has defeated a lawsuit filed by shareholders in a federal court in California that accused the streaming entertainment company of hiding the extent to which account-sharing was ...

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 short-term outlook for the economy is a positive one, but risks could loom in the longer term, the Fiscal Council said on Monday. Michalis Persianis, chair of the Fiscal ...

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 ...

If anyone is looking for a top investment pick for January, three cryptocurrencies lead the way – Borroe Finance ($ROE), Arbitrum (ARB), and Tron (TRX). As Arbitrum One hit a landmark ...

In the dynamic world of cryptocurrencies, VanEck envisions a positive outlook for Bitcoin (BTC) in 2024. VanEck anticipates the approval and growth of spot Bitcoin ETFs, asserting that Bitcoin is poised ...

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 ...

This year citizens will vote to elect their representatives at the local level who will undertake the implementation of the reform in their department, municipality, community and district. Leaders of ...

Deputy Minister of shipping Marina Hadjimanoli is on Monday travelling to Japan to hold a series of meetings with ship owners, executives of shipping companies, financial institutions and shipyards. The ...

In the third quarter of 2023, Cyprus experienced a notable increase in its current account deficit, reaching €517 million, compared to €399 million in the same period last year, according to preliminary data ...

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 ...

A group of critical raw materials may help Europe reduce supply-chain vulnerabilities. By Michael Allen Dr Arne Petter Ratvik is championing high-tech goods for Europe through a low-tech source: fertiliser. ...

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 ...

TLDR Polkadot (DOT) experts predict that DOT will rise to $15.21 in the coming month. Rebel Satoshi ($RBLZ) continues to attract investors as its presale waxes stronger. Despite the recent bull ...

Global energy will continue to be driven by security concerns in 2024, ahead of climate goals, as wars, conflicts and threats to supplies continue. Renewable energy systems (RES) will carry on ...

Here are the top business stories in Cyprus from the week starting January 1: Mortgage-to-rent scheme a favourable arrangement, Hellenic Bank released on Tuesday a statement welcoming the recent launch of ...