#business

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 ...

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 ...

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 ...

Fines imposed by Russian courts on Alphabet’s Google (GOOGL.O) and YouTube, Meta (META.O), TikTok and Telegram appear to have been settled as the companies are no longer ...

Apple (AAPL.O) on Tuesday fell nearly 3.6 per cent to a seven-week low after Barclays downgraded the shares of the world’s most valuable company on concerns that demand for ...

Five experts who appeared in Horizon Magazine in 2023 outline how their areas of activity will evolve in the coming year and beyond. By Anthony King From sail-powered tankers and new ...

Rivian Automotive (RIVN.O) missed market estimates for fourth-quarter deliveries as tough competition and high interest rates weighed on demand for its electric vehicles, sending the company’s shares down ...

Microsoft (MSFT.O) said it is adding a button to its Windows keyboard that would pull up the tech giant’s Copilot service, in the first change for the device ...

Electric vehicle company Fisker (FSR.N) said on Thursday that it would add dealerships alongside its direct-to-customer distribution model to expand its sales and delivery network. The California-based company, which ...

The latest figures published by the Cyprus Statistical Service (CSE) on Friday, January 5, indicate a notable surge in tourism profits, witnessing an 8.3 per cent increase in October 2023, reaching €346.5 million. This ...

Tesla (TSLA.O) topped Norway’s car sales for a third straight year in 2023, extending its lead over rivals despite an ongoing conflict between the US electric vehicle maker and ...

T-Mobile US (TMUS.O) said on Wednesday SpaceX launched a Falcon 9 rocket on Tuesday with the first set of Starlink satellites that can beam phone signals from space directly to ...

The economist overseeing the project for the finance ministry announced on Friday that preliminary proposals for changes to the tax law will be submitted in March 2024, following the completion of ...

Indian banks disbursed some employee benefits through digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly ...

Minister of Finance Makis Keravnos, has confirmed that employees in both the public and private sectors, entitled to the Cost of Living Allowance (CoLA) will receive a 2.44 per cent wage ...

Carrefour (CARR.PA) is telling customers in four European countries it will no longer sell products like Pepsi, Lay’s crisps and 7up because they have become too costly, in ...

Cyprus’ registered unemployment figures witnessed an eight-month low in December 2023, according to seasonally adjusted data by the Cyprus Statistical Service (Cystat). According to the report, the number of registered unemployed ...

The Cyprus Investment Funds Association (CIFA) this week released a statement expressing an optimistic outlook for 2024, anticipating another favourable year for the investment funds sector in Cyprus, despite any challenges ...

US bankruptcy filings surged by 18 per cent in 2023 on the back of higher interest rates, tougher lending standards and the continued runoff of pandemic-era backstops, data published Wednesday showed, although ...