
Cyprus Firms Grapple with Ethical Implications of AI Adoption
As artificial intelligence becomes widespread in Cyprus's commercial sector, businesses are increasingly facing the ethical questions that accompany its rapid adoption.
32 stories found

As artificial intelligence becomes widespread in Cyprus's commercial sector, businesses are increasingly facing the ethical questions that accompany its rapid adoption.

President Donald Trump has openly expressed anger at allies for not assisting in the Strait of Hormuz, threatening to withdraw support. Following this, the US Defense Secretary has called on allies to 'step up' their involvement in the region, echoing Trump's earlier comments for nations to 'go get your own oil'.

The Department of Transportation (DOTr) has warned bus companies that hiked fares despite a suspension on increases, stating they could face show cause orders and license suspensions.
Indian IT giant Infosys announced plans to acquire US-based Optimum Healthcare IT for $465 million and Stratus for $95 million, totaling $560 million in acquisitions.

The Cyprus Chamber of Commerce and Industry, in collaboration with the Department of Labour Inspection, has launched a competition inviting businesses to showcase their best practices in workplace health and safety.
The ongoing opening-up of China's service sector is expected to bring substantial benefits to various firms, fostering growth and competition in areas like finance, healthcare, and tourism.
Two US companies are investing $500 million to develop an electrified transport ecosystem in Mexico, starting with addressing the lack of charging stations.

Police in Uttar Pradesh, India, have dismantled a massive GST evasion racket involving 1,200 bogus firms operating in 20 states, arresting the alleged kingpin and three associates.
Saudi Aramco has reportedly sold its first cargoes of Jafurah condensate to firms in the US and India, marking a new development in its energy exports.
Analysts from various firms are providing diverse recommendations on stocks, including price target adjustments for TKO Group Holdings and Madison Square Garden Sports Corp., and a downgrade for Sirius XM Holdings Inc.
Indonesia and US companies have finalized trade and investment agreements totaling over $7 billion, strengthening economic ties between the two nations.
Pentagon official Pete Hegseth has reiterated that the upcoming days in the war against Iran will be 'decisive,' warning of further escalation if Tehran does not reach a deal and mentioning the possibility of regime change.

The Philippine National Police (PNP) is strictly monitoring and cracking down on illegal bus fare hikes by public utility vehicle operators, with several companies already summoned by the LTFRB for unauthorized price increases during the Holy Week exodus.
Meta's $2 billion acquisition of AI startup Manus is under investigation by Chinese authorities for potential violations of technology export and overseas investment rules, highlighting increasing regulatory focus on such deals.

Three Iranian technology professionals have been accused of espionage and stealing trade secrets from major Silicon Valley companies, including Google, according to recent charges.

The Cyprus Chamber of Commerce and Industry (Keve) has invited local businesses to participate in an upcoming workshop focused on fostering a sustainable and competitive enterprise. This event, part of a European project, aims to boost the green transition for Cypriot firms.

The installation of rooftop solar power plants in Brno faces delays as the city's solar company has struggled to find reliable contractors, with two previous firms failing to fulfill their obligations, leading to an insolvency proposal against the second.

Beijing's major supply chain expo is set to host more US companies and introduce its first artificial intelligence section this summer, signaling a fragile stabilization in business ties between the two superpowers.
US firms are reportedly considering investment opportunities in Sri Lanka's graphite industry, signaling potential economic growth and foreign direct investment for the island nation.
Companies in Germany, Nordic regions, and the UK are preparing for their corporate earnings week, while various firms like Cogent Communications and Secure Waste Infrastructure report their latest financial results, and building permits see revisions.
A new analysis from the JPMorganChase Institute reveals that tariffs paid by midsized US firms tripled in the past year.
Rosebank is reportedly in discussions to acquire two US companies in deals valued at over $3 billion, signaling significant expansion plans.

China and Pakistan have jointly proposed a five-point peace plan for the Middle East, urging a ceasefire after a month-long war, as Iran's Revolutionary Guards continue to issue warnings against US companies like Apple, Google, and Meta, citing retaliation for 'targeted assassinations' of Iranian leaders.

Eight bus companies operating at the Parañaque Integrated Terminal Exchange in the Philippines are under investigation and facing potential sanctions for illegally implementing fare increases, defying President Marcos' directive to suspend fare hikes amid rising fuel prices.
China has extended an invitation to US firms, encouraging them to tap into its rural revitalization drive as part of broader economic cooperation efforts.
Dubai Chambers has held meetings with various firms to discuss and manage cargo flow challenges amidst ongoing regional disruptions.

Iran's Shi'ite allies in Lebanon and Iraq have joined the war in the region unleashed by U.S. and Israeli strikes on Tehran. The U.S. says Iran has armed, funded and trained the Houthis with help from Hezbollah.

Fires broke out at offices and warehouses belonging to US firms Halliburton and KBR after a drone attack targeted a compound housing foreign oil company employees in Iraq’s Basra, security sources told Reuters on Friday. (Reuters)

The Enterprise Europe Network Cyprus is engaging stakeholders in a European Commission public consultation regarding the proposed Construction Services Act, a key initiative under the Single Market Strategy.
Last year, collective import tariff rates on various goods coming into the US more than tripled.
US steel rebounded, climbing 3% in 2025 under Trump’s tariffs, but as prices rise, questions emerge about whether steel barons are the primary beneficiaries.

"You cannot go to sleep on this president," says one toymaker, of the ongoing uncertainty over trade policy.