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1. Global fintech investment falls to seven-year low of $95.6 billion in 2024, but uptick in Q4’24 is a sign of cautious optimism says KPMG’s Pulse of Fintech H2’24

2024 was another difficult year for fintech, with just $95.6 billion of investment globally across 4,639 deals....

2. AI to shake up banking putting thousands of jobs at risk

The global banking industry is bracing for a seismic shift as artificial intelligence (AI) continues to revolutionize the sector. A recent study by Bloomberg Intelligence predicts that up to 200,000 jobs in banking will be eliminated over the next three to five years as AI takes over tasks currently performed by employees....

3. Moody’s Nick Hill on financial risks and opportunities for 2025

In an insightful conversation with Kathimerini's Panayiotis Rougalas, Nick Hill discusses the key macroeconomic risks and opportunities facing the region in 2025....

4. Geopolitical turbulence presents a looming threat to 2025 economic growth

Speaking at the 20th Economist Conference in Nicosia, Nick Hill highlighted the macroeconomic and geopolitical challenges shaping the global financial environment....

5. AI in Finance: Embrace the Future or Be Left Behind

Technology is changing how we do everything, and finance is no different. ...

6. 18% of Cypriot businesses hit by cyberattacks in 2023

In 2023, nearly one in five businesses in Cyprus reported experiencing a cyberattack, according to a recent survey by the Cyprus IT Enterprises Association (CITEA)....

7. Digital Transformation OR Vanish!

Historically our world has experienced significant eras spanning from the medieval eras, Renaissance, Scientific Revolution, Industrial Revolution, World War Era and others....

8. Real estate investment opportunities by AstroBank

AstroBank has listed for sale two apartment blocks and other residential and agricultural properties in Nicosia Paphos, and Famagusta....

9. Global talent crisis: Desire for international experience skyrockets

EY survey shows 75% of employers do not have fully developed mobility functions vital for meeting modern business and talent demands....

10. AstroBank's record-breaking year: €30.4M in profits for 2023

AstroBank reported Profit After Tax of €30.4 million for 2023, representing a return on equity (RoE) of 13.9%, compared with €12.2 million and RoE of 6.2% for 2022, achieving an increase on profit of 150%, mainly due to increased interest income....

11. South Korea launches first self-sailing container ship

South Korea's strides in maritime technology are showcased with the development of a groundbreaking container ship capable of autonomous navigation, marking a significant leap forward in the industry, ...

12. Pillar two readiness and technology

As per our previous publications and alerts, we had the opportunity to communicate a significant development - the introduction of BEPS 2.0 Pillar Two or Global Minimum Tax. The European Union unanimously adopted a directive in December 2022 (the ''Minimum Tax Directive''). ...

13. Forty percent of global jobs face disruption because of AI

Artificial intelligence (AI) is poised to reshape the global job market, potentially affecting 40% of jobs worldwide, according to the head of the International Monetary Fund (IMF), Kristalina Georgieva....

14. Home building costs up by 20%, insights for buyers

Geopolitical developments, marked by conflicts in Ukraine and Gaza, have led to a notable surge in house prices, revealing a 20% increase in construction costs since 2019,...

15. Larnaca's technical school breaks ground after six-year delay

After a prolonged six-year wait, construction on the new Technical School of Larnaca is set to kick off this spring in the Aradippou area, near the Rizoelias roundabout. ...

16. Joseph Borghese receives 'Académico Honorario' title from Mexico

Joseph Borghese has been honored as the first Cypriot to receive the esteemed 'Académico Honorario' (Honorary Academic) title from Mexico. ...

17. Bill Gates predicts a 3.5-day work week with AI

In a recent podcast, Bill Gates countered job loss concerns due to artificial intelligence, suggesting it might lead to a more relaxed work schedule....

18. Co-founder of Foody shares inspiring start-up journey

Michalis Economou, a co-founder and former CEO of Foody, Cyprus's largest food ordering and delivery platform, recently recounted their remarkable start-up journey at the Digital Agenda event....

19. TechIsland launches CY Guide Chatbot powered by LoqosAI

TechIsland, the largest tech association in Cyprus, announced the launch of version 1.0 of the ''CY GUIDE Chatbot'' powered by LoqosAI. ...

20. New student dorms to transform old town Nicosia

The Mayor of Nicosia, Constantinos Yiorkadjis, and the director of the company "OIKODOMIKES EPICHEIRISEIS STAVROS A. STAVROU LTD" have signed contracts for the construction of new student dormitories in the city....

21. City of Dreams Mediterranean partners with Cablenet

22. ChatGPT shares grim predictions of how humanity could be wiped out

As tech experts warn that the rapid evolution of artificial intelligence could threaten humanity, OpenAI's ChatGPT weighed in with its own predictions on how humanity could be wiped off the face of the Earth....

23. AI pioneer regrets contribution to field, quits Google over concerns

The man often touted as the godfather of AI has quit Google, citing concerns over the flood of fake information, videos and photos online and the possibility for AI to upend the job market....

24. Are you ready for ChatGPT to take over your job?

Since its release in November of last year, OpenAI's ChatGPT has been used to write cover letters, create a children's book, and even help students cheat on their essays....

25. Generative AI could automate 300mn jobs

According to a report in the Financial Times, Goldman Sachs has found that "generative" AI systems such as ChatGPT could lead to the automation of a quarter of the work done in the US and eurozone....

26. EU sending experts to help Greece improve rail safety

The European Union is sending experts to Athens this week to help the country improve safety on its rail system in the wake of last week’s deadly collision between two trains in central Greece...

27. 400-500 Hellenic employees to be made redundant

On Monday, November 24th, 400–500 voluntary employees will depart Hellenic Launches; this will be the final shift provided by the bank....

28. Global fintech market resilient in H1’22 - $107.8 billion in investment, according to KPMG’s Pulse of Fintech

Global fintech investment declined from $111.2 billion in H2’21 to $107.8 billion in H1’22, but remained remarkably resilient compared to historical trends given the challenges affecting the broader investment market, including geopolitical uncertainty, growing inflation, and increasing interest rates. ...

29. Self check-in and robots - the future of tourism in Cyprus

30. Wired's Jeremy White at the Digital Agenda Cyprus Summit

Jeremy is the senior innovation editor of renowned technology magazine Wired. As an expert in analyzing and evaluating new technical trends, Jeremy is considered a prominent speaker in the areas of artificial intelligence, cybersecurity, automation and 'web 3'....