Bank Of Cyprus Fortifies Talent Development With Third Year Of BoC Academy

by THEFUTURE.TEAM

January 9, 2026

Elevating Employee Expertise

The Bank of Cyprus has reaffirmed its commitment to empowering its workforce by announcing the third year of the BoC Academy, an initiative designed to cultivate skills in line with a rapidly evolving banking landscape.

Expanding Academic Horizons

Launched three years ago, the programme was established to strengthen competencies and broaden knowledge across the organisation. Since its inception, the Academy has grown in both scope and academic partnerships, underlining the bank’s proactive approach to staff development.

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Milestones And Strategic Partnerships

The academic year 2024–2025 marked significant milestones, including two graduation ceremonies: the first in June in collaboration with CIM Business School, and a subsequent ceremony in early December with the University of Cyprus. During this period, 26 employees successfully earned professional certificates in seven distinct disciplines, while four staff members secured full scholarships for the MBA postgraduate programme at the University of Cyprus.

Leadership Insight

Demetris Chr. Demetriou, Executive Director of People And Change, emphasized the bank’s collective achievements by stating, “We are proud of our people and what we achieve together.” Demetriou further described the BoC Academy as more than just a programme, calling it a “testament to our dedication and commitment to knowledge and continuous development.”

The Future Forbes Realty Global Properties

Meta’s Reality Labs Deepens Its Losses Even As Revenue Climbs

by THEFUTURE.TEAM

July 30, 2026

Meta Platforms’ Reality Labs division reported an operating loss of $4.62 billion in the second quarter, highlighting the continued cost of the company’s investments in virtual and augmented reality technologies. The unit generated revenue of $431 million, up from $370 million a year earlier and above analysts’ expectations of $423.4 million, according to StreetAccount. Operating losses widened from $4.53 billion in the same quarter of 2025.

Revenue Grows As Losses Continue

Despite higher revenue, Reality Labs remains one of Meta’s biggest cost centres. Since late 2020, the division has accumulated more than $80 billion in operating losses as the company continues investing in hardware and software for its long-term computing strategy.

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Focus Shifts Toward AI Wearables

Reality Labs develops the Quest virtual reality headsets and Ray-Ban Meta smart glasses in partnership with EssilorLuxottica. While Meta originally positioned the division around its metaverse vision, the company has increasingly focused on AI-powered wearables as demand for virtual reality devices has grown more slowly than expected.

Long-Term Investment

Meta renamed Facebook to Meta in 2021 to reflect its strategy of expanding beyond social media through immersive technologies. Although Reality Labs continues to report multi-billion-dollar quarterly losses, Zuckerberg has maintained that investments in AI, wearable devices and next-generation computing platforms are central to the company’s long-term growth strategy.

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