#business

OPEC oil output rose in May by less than the volume planned, a Reuters survey found, as Iraq made further cuts to compensate for earlier pumping above target and Saudi ...

Saudi Arabia’s economy grew by more than expected in the first quarter of 2025, according to government data estimates, with lower oil prices impacting the economy less than previously forecast. ...

Warner Bros Discovery (WBD.O) said it would split into two publicly traded companies, separating its studios and streaming business from its fading cable television networks as the parent of ...

US chipmaker Qualcomm (QCOM.O) agreed to acquire Alphawave (AWE.L) for about $2.4 billion on Monday, as it expands into the booming AI data center market, sending shares of the ...

This year’s annual lecture in economics from the Cyprus Economic Society, featured Sir Paul Collier, a pre-eminent global development economist and professor of Economics and Public Policy at the ...

Two years after the launch of ChatGPT, return on investment in generative AI has been elusive, but one area stands out: software development. So-called code generation or “code-gen” startups are ...

Art lead, Daria Babkovskaya, explains how AI tools in marketing art improve the creative workflow Daria Babkovskaya, promo art lead at Cubic Games, says artificial intelligence tools are helping the ...

Surging government debt levels are becoming a pressure point for big economies and bond investors have their sights on those not doing enough to improve their finances. A Moody’s ...

Refiners across the globe are reaping unexpected profits from producing key fuels in recent weeks, offering an ailing sector respite before an anticipated weakening later this year, as plant closures ...

Spending on AI-powered search advertising is poised to surge to nearly $26 billion by 2029 from just over $1 billion this year in the US, driven by rapid adoption of the technology and ...

From Mediterranean olive oil to Scandinavian fish, researchers are integrating digital technologies into Europe’s key food industries to crack down on counterfeit products. By Ali Jones The rolling hills ...

Here are the top business stories in Cyprus from the week starting June 2: Cyprus has taken a significant step in strengthening its regulatory framework for investment funds, following the House ...

Microsoft (MSFT.O) is offering free of charge to European governments a cybersecurity programme, launched this week, to bolster their defences against cyber threats, including those enhanced by artificial intelligence, ...

Nvidia’s (NVDA.O) newest chips have made gains in training large artificial intelligence systems, new data released this week showed, with the number of chips required to train large ...

The Bank of Cyprus on Friday announced a fresh reduction in its reference interest rate for loans linked to the European Central Bank’s (ECB) base rate, in direct response ...

European Central Bank policymakers hailed victory over runaway inflation on Friday even as some warned that it was now at risk of going too low, rekindling memories of anaemic price ...

Elon Musk’s SpaceX will record revenue of about $15.5 billion this year, the billionaire said this week, underscoring the rocket maker’s growing dominance in the commercial space sector. The ...

Airbus (AIR.PA) delivered around 51 airplanes in May, industry sources said, down 4 per cent from the same month last year. The tally brings deliveries so far this year to around 243 ...

British house prices in May were 3.5 per cent higher than a year earlier, monthly data from mortgage lender Nationwide showed this week, after an unexpected 0.5 per cent monthly increase largely ...

Toyota Motor (7203.T) will take forklift-maker Toyota Industries (6201.T) private in a $33 billion deal, the companies said this week, a landmark unwinding of cross-shareholding that is likely to strengthen the ...

Britain’s financial watchdog has joined forces with foreign regulators to crack down on people who promote financial products on social media without authorisation, and will make 650 requests for platforms ...

The Cyprus hoteliers association (Pasyxe) on Friday announced its support for a collective legal action against Booking.com. The legal action has been brought before the Dutch courts through an ...

Following a year of collaboration under a joint venture agreement, US-based TKI and Cyprus-based Hybrid ConsulTech have merged operations and will now formally operate under the unified TKI brand. The ...

The Cyprus Chamber of Commerce and Industry (Keve) has announced a new initiative aimed at equipping small and medium-sized enterprises (SMEs) with practical tools and solutions to support their transition ...