#business

Quarterly data from the Central Bank of Cyprus (CBC) on household assets and liabilities have shown a shift in financial asset distribution. This trend may have been influenced by the ...

The Bank of Cyprus’ board of directors is convening today, February 17, to review the preliminary financial results of the group. The bank will release the official announcement related to the ...

Short-term rentals in Cyprus will come under the scrutiny of the House energy, trade, industry and tourism committee this week. The committee is set to discuss a number of issues ...

Access to high-performance computing has long been a barrier for creative professionals, engineers, and businesses. LoLa Cloud PCs, founded by Cypriot entrepreneur Rogiros (Roger) Theophanous, is on a mission to ...

Oil prices were little changed on Monday as investors eyed developments on a potential Russia-Ukraine peace deal that could ease sanctions disrupting global supply flows. Brent crude futures was up 7 ...

Fake news generated by artificial intelligence and spread on social media is heightening the risks of bank runs, according to a new British study that says lenders must improve monitoring ...

Global equity funds attracted significant inflows in the week ending February 12, after a Bank of England rate cut drove a rally in European shares, although caution over U.S. President ...

Wind-powered electricity production across Europe dropped by over 7 per cent in January from the same month in 2024, depriving regional power producers with a key source of clean energy right when ...

US President Donald Trump hasn’t yet imposed import tariffs on copper but the market is already pricing in the likelihood that the red metal will be next on the ...

Asia’s crude oil markets are adjusting rapidly to new sanctions against top supplier Russia, sucking up cargoes while they can and moving to alternatives for deliveries in coming months. ...

Unfortunately, make believe about 60 being the new 70, and 50 being the new 60, etc, just doesn’t work after a while. When the body starts sending us stern messages about its malfunction, ...

EU-funded researchers are using art to create a more inclusive and engaging science education experience for all students, free from the constraints of stereotypes. By Vittoria D’Alessio A new ...

Here are the top business stories in Cyprus from the week starting February 10: Cypriot banks have lowered their key interest rates, with expectations of further reductions throughout 2025, in response to ...

Global electric and plug-in hybrid vehicle sales in January rose 18 per cent year on year, as growth in Europe and the United States outpaced China for the first time since ...

Britain entered a rare deficit in its goods trade with the United States at the end of last year, according to data published this week that London will hope bolsters ...

While the seismic market moves caused by DeepSeek were short-lived, the release of the Chinese startup’s high-performing and inexpensive large language model is likely to have long-term implications for ...

Adobe this week released the first public version of an artificial intelligence tool that can generate video clips and revealed how much it will charge, but said it will not ...

Cyprus’ economy grew, albeit at a slower pace, during the fourth quarter of 2024, with GDP increasing by 2.6 per cent compared to the same quarter of the previous year. According to ...

Artificial intelligence will bring major upheaval to wealth management, a Microsoft (MSFT.O) executive said, as the technology’s potential to process information vastly reduces the hurdles required to compete ...

The European Commission this week scrapped draft rules regulating technology patents, AI and consumer privacy on messaging apps, saying it did not expect them to receive the green light from ...

The United Arab Emirates, known for its opulent cities Dubai and Abu Dhabi, has begun mapping air corridors for air taxis and cargo drones, its civil aviation authority said in ...

Barclays (BARC.L) raised its 2025 performance targets this week after reporting a better than expected 24 per cent rise in annual pretax profit driven by investment banking income growth and strength ...

Tokyo-based moon exploration company ispace (9348.T) is heartened by signs the United States and Japan will remain on course for joint lunar missions, its CEO said, amid growing uncertainties in ...

The total weight of goods transported by road within Cyprus rose by 9.9 per cent in the third quarter of 2024, when compared to the same period in 2023, according to a report ...