EY announced findings from Transforming Paradigms: Global AI in Financial Services Survey, a new global survey assessing the current state of artificial intelligence (AI) adoption by financial services organizations. The survey was led by the Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School and the World Economic Forum, and co-sponsored by EY and Invesco.

At 78%, the digital skills of Cypriot youngsters is marginally below the EU 27 average of 80%, according to figures released by Eurostat on Wednesday to mark World Youth Skills Day.

Despite Cyprus’ positive epidemiological profile, a result of the sacrifices and discipline shown by the whole society, there is no room for complacency and measures must be relaxed slowly and gradually, the Health Ministry said on Wednesday.

Two new photovoltaic parks financed by RCB Bank have been successfully connected to the national grid, adding another 7.5MW to Cyprus’ renewable energy capacity.

The tourism minister is managing expectations for the Republic of Cyprus after tour operators made clear they would send British tourists to countries where PCR tests were not required.

Fund managers in Cyprus can take advantage of the many benefits that outsourcing back and middle office administration functions provides. By transferring these operations to a trusted, proven provider, funds can gain a host of important competitive advantages that enable them to focus on what they do best: growing investment returns for their clients. There are, however, important points to clarify as part of a fund’s outsourcing provider benchmarking process.

The Cyprus government has spent half a billion euros to safeguard jobs and boost liquidity amid the crisis sparked by the coronavirus outbreak, Minister of Labour Zeta Emilianidou has said, adding that the government is considering incentive schemes for companies that hire jobless persons.

House President Demetris Syllouris met on Tuesday with ministers and academia representatives to discuss the establishment of an agency to promote the tertiary education sector both in Cyprus and abroad.

The Republic of Cyprus is moving forward with opening a public bid for the country’s 5G network, with permits expected to be approved before the year is out.

Health authorities said on Tuesday they were ramping up screening at airports in a bid to catch infected people early as flights to the island increase.