#business

International Business Machines has said that it plans to have a practical quantum computer by 2029, and it laid out the detailed steps the company will take to get there. Quantum ...

The human brain is more powerful and energy-efficient than any computer. Scientists are imitating the way it works to produce better computer chips and help deal with the growing amounts ...

Snap (SNAP.N) will launch its first-ever smart glasses for all consumers next year, ratcheting up competition with bigger rival Meta (META.O) in the wearable technology market. The augmented ...

Nvidia and artificial intelligence search firm Perplexity announced that they are partnering with more than a dozen AI firms in Europe and the Middle East to refine those firms’ AI ...

Here are the top business stories in Cyprus from the week starting June 9: The Cypriot banking sector has undergone an impressive transformation since the 2013 financial crisis and has emerged stronger, ...

The dollar continued to lose market share as the world’s dominant currency last year but mostly smaller rivals and gold benefited rather than the euro, an ECB report showed ...

Meta Platforms (META.O) and TikTok said a European Union supervisory fee levied on them was disproportionate and based on a flawed methodology as they took their fight with tech ...

Tesla (TSLA.O) tentatively plans to begin offering rides on its self-driving robotaxis to the public on June 22, CEO Elon Musk has said, as investors and fans of the electric ...

Taxation is perhaps the ultimate political act in a democratic society. It’s not just about raising revenue and spending it; it’s also about the kind of society we ...

Concern for employees led to the safeguarding of their rights in the event of a transfer of an undertaking, establishment or part of an undertaking to another employer, as a ...

The Finance Ministry on Friday published its strategic fiscal policy framework for the period 2026 to 2028, forecasting stable economic growth and a steady decline in public debt over the next four ...

Walt Disney (DIS.N) and Comcast’s (CMCSA.O) Universal filed a copyright lawsuit against Midjourney this week, calling its popular AI-powered image generator a “bottomless pit of plagiarism” for ...

Nvidia (NVDA.O) will build its first artificial intelligence cloud platform for industrial applications in Germany, CEO Jensen Huang said this week at the VivaTech conference in Paris. The technology, ...

The rush of financial firms setting up in Abu Dhabi to tap the oil-rich emirate’s wealth funds and Middle East markets will continue at pace, the official in charge ...

Limassol-based gaming company Nice Plans Studio announced this week that it raised $3 million in a new funding round to support the development and scaling of its upcoming mobile shooter, Ricochet ...

Officials from the Central Bank of Cyprus (CBC) met with counterparts from the central banks of Lithuania and the Netherlands on Thursday and Friday. The meeting allowed for the exchange ...

Over 350 senior delegates from more than 30 countries gathered in Athens this week for the high-level ‘Shaping the Future of Shipping Summit’. The event was jointly hosted by the Ministry of ...

The Finance Ministry on Friday published its strategic fiscal policy framework for the period 2026 to 2028, forecasting stable economic growth and a steady decline in public debt over the next four ...

Tourism revenue in Cyprus reached €129.4 million in March 2025, marking a 14.5 per cent increase compared with the same month last year (€113.0 million), according to a report released by the statistical service ...

AstroBank on Friday announced that it will pay interest and proceed with the early redemption of two of its senior preferred bonds on June 30, 2025. The bonds in question include one ...

The value of wholesale trade and motor vehicle-related activities in Cyprus continued to rise in the first quarter of 2025, according to data released on Friday by the state statistical service. ...

The Cyprus Stock Exchange (CSE) on Friday announced updates regarding the trading status of several listed issuers on its regulated market. The announcement followed a review of the independent auditors’ ...

The Bank of Cyprus on Friday announced the repurchase of 182,149 of its ordinary shares between June 6 and June 12, 2025. According to the announcement, the shares, each with a nominal value of €0.10, ...

The Cyprus Chamber of Commerce & Industry (Keve) on Friday announced that the EU-Japan Centre for Industrial Cooperation has launched the first session of its 2025 training programme on Japanese business ...