#business

The European Researchers’ Night, under the motto “Mission Possible,” drew thousands of visitors to the Cyprus state fair on September 27, offering an insight into research, innovation, and science. Organised by ...

IT services firm Accenture has unveiled a $4.0 billion share buyback and reported better-than-expected fourth-quarter revenue thanks to demand from companies looking to adopt generative artificial intelligence technology. Shares of the ...

Global cybersecurity spending reached a total of $21.1 billion in the second quarter of 2024, representing a year-on-year growth of 9.9 per cent.  Despite ongoing macroeconomic uncertainty, including political disruptions from elections and ...

Constellation Energy (CEG.O) and Microsoft (MSFT.O) plan to restart the Three Mile Island nuclear plant, hoping they have scored a quick source of enough climate-friendly energy to power ...

Alphabet’s (GOOGL.O) Google is providing key capabilities for an artificial intelligence assistant for Volkswagen (VOWG_p.DE) drivers in a smartphone app, part of Google’s strategy to ...

Russia’s southern republic of Dagestan has called for tougher measures against power-hungry cryptocurrency miners who local officials said were causing electricity outages and seeking to evade the law by ...

US companies that rely on East and Gulf Coast seaports have been importing early, shifting goods to the West Coast, and even putting cargo on pricey flights to hedge against ...

The Biden administration’s proposed ban on Chinese connected-car technology could prove its strongest weapon yet to fend off an onslaught of cheap Chinese electric vehicles that has upended the ...

Mergers could allow banks to become more resilient to shocks and to operate more efficiently and would benefit the European Union economy, according to the European Commission. The EU’s ...

Cypriot tourism remains resilient in the face of ongoing conflicts in Ukraine and the Middle East, with the sector recovering and bolstering the local economy, according to the Association of ...

By Ioannis Tirkides We use summary indicators to conveniently measure the performance and health of the economy. But while these can be useful in some respects, they have their drawbacks ...

Stellantis (STLAM.MI) is searching for CEO Carlos Tavares’ successor, the company has said, after the Chrysler parent laid out a plan to strengthen North America operations by slashing bloated ...

Europe’s biggest tour operator TUI this week confirmed its annual guidance and mid-term targets after a strong summer season, sending its shares up in morning trading. Shares in TUI ...

Cypriot tourism remains resilient in the face of ongoing conflicts in Ukraine and the Middle East, with the sector recovering and bolstering the local economy, according to the Association of ...

A proposal to acquire 100 per cent of the issued share capital of Proodos Public, and by extension Rodon Hotel in Agros, has been presented to its board of directors, it ...

The Shorewinner project, which aims to set up and develop a Southern European offshore wind energy community of practice, was successfully launched in Cyprus this week. The hybrid event took ...

US business professionals and executives expressed a strong interest in investing in Cyprus during a working lunch with president Nikos Christodoulides. The meeting, which took place in New York on ...

The Cypriot Union of Consumers and Quality of Life has called on the government to continue subsidies for vulnerable groups. This follows an announcement by the Finance Ministry on Thursday, ...

The Cyprus Shipping Chamber (CSC) held its monthly members’ meeting this week to commemorate World Maritime Day on September 26, featuring a presentation by Cecilia Müller Torbrand, CEO of the ...

The liquidity in Cyprus’ banking system reached €28.7 billion in August 2024, driven by an increase in deposits and a reduction in total loan balances, according to a report from the Central ...

The economic climate in Cyprus worsened in September, with the Economic Sentiment Indicator (ESI) decreasing by 1.4 points compared to August, according to the University of Cyprus’ Economics Research Centre (CypERC). ...

The electricity subsidy and zero per cent VAT on 11 essential goods will be scrapped as of October 1. A finance ministry announcement said the scheme which expires on September 30 does not ...

ChatGPT-maker OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation that will no longer be controlled by its non-profit board, people familiar with ...

Germany’s leading economic institutes have downgraded their forecast for 2024 and now see Europe’s largest economy shrinking by 0.1 per cent, they said in their autumn joint economic forecasts. The ...