https://knews.kathimerini.com.cy/en/business/as-2023-ends-banks-and-unions-lock-horns-on-pay-structures
The banks and bank employees' unions are at odds over labor issues and the signing of new collective agreements. As we approach the end of 2023, no significant progress has been made in renewing collective agreements during the outgoing year....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-housing-crisis-deepens-amid-interest-rate-scandal
With current interest rates, the prospect of repaying a mortgage spans nearly fifty years for an average family, turning homeownership into an elusive dream....
https://knews.kathimerini.com.cy/en/news/divisions-in-cyprus-amplify-fact-checking-challenges
Cyprus, an ethnically divided island in the Mediterranean, is like any other nation: It’s been hit by a wave of misinformation, and residents are trying to keep up....
https://knews.kathimerini.com.cy/en/news/cbc-warns-of-non-performing-loan-surge-amid-economic-challenges
The Central Bank of Cyprus (CBC) issued a warning on Monday, cautioning about the potential influx of non-performing loans (NPLs) driven by high-interest rates and inflation, which are impacting households' disposable income and businesses' profitability....
https://knews.kathimerini.com.cy/en/news/president-spills-details-on-unsg-s-envoy-–-big-changes-ahead
Cyprus President, Nikos Christodoulides, has said that the UNSG's envoy for Cyprus should spend time on the island rather than paying a visit for some days, adding that as he has been informed her appointment will go into effect on January 1st, 2024.
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https://knews.kathimerini.com.cy/en/news/themis-themistocles-signals-potential-2024-interest-rate-cut
In their ''Year Ahead 2024'' forecast, analysts at Swiss financial giant UBS anticipate a slowdown in the strength of the US economy throughout 2023. ...
https://knews.kathimerini.com.cy/en/news/uk-and-cyprus-to-strengthen-global-collaboration
The UK Foreign, Commonwealth and Development Office Director General for Europe, Peter Wilson and the Republic of Cyprus Ministry of Foreign Affairs Permanent Secretary, Kyriacos Kouros chaired the first annual review of the UK-Cyprus Memorandum of Understanding....
https://knews.kathimerini.com.cy/en/news/eu-council-s-historic-decision-to-benefit-ukraine-moldova-and-georgia
Without agreement on the European budget, the first day of the European Council meeting was concluded at 2.30 Brussels time (3.30 a.m. on Friday), as no "common ground" was found on the revision of the budget (2021-2027), due to lack of unanimity....
https://knews.kathimerini.com.cy/en/news/christodoulides-emphasizes-seriousness-in-addressing-cyprus-problem
In his remarks upon arrival for the European Council meeting in Brussels, President of the Republic Nicos Christodoulides emphasized the need for seriousness in addressing the Cyprus problem, ...
https://knews.kathimerini.com.cy/en/news/how-cyprus-and-chevron-found-common-ground
The resolution of the dispute between the Republic of Cyprus and Chevron Cyprus Limited, the operator of the Aphrodite field, appears largely satisfactory to both parties....
https://knews.kathimerini.com.cy/en/news/relocating-250-000-palestinians-to-cyprus
The US website GIS/Defense & Foreign Affairs has published a report implicating Cyprus, particularly the occupied territories, in connection with the ongoing Israeli-Hamas conflict....
https://knews.kathimerini.com.cy/en/business/crisis-averted-as-cyprus-and-chevron-reach-compromise
The resolution of the dispute between the Republic of Cyprus and Chevron Cyprus Limited, the manager of the Aphrodite field, can be seen as a compromise satisfying both parties. ...
https://knews.kathimerini.com.cy/en/business/cyprus-economy-receives-positive-rating-boost
Fitch, the International Rating Agency, upgraded Cyprus' long-term rating to positive, citing economic resilience and fiscal strength. The agency affirmed the 'BBB' rating, previously upgraded in March 2023. ...
https://knews.kathimerini.com.cy/en/news/mitsotakis-and-erdogan-s-cyprus-talks-heat-up
Greek Prime Minister Kyriakos Mitsotakis and Turkish President Tayyip Erdogan, who met in Athens on Thursday, referred to the Cyprus issue during their joint statements to the press....
https://knews.kathimerini.com.cy/en/news/banks-fail-menendez-s-quiz-on-$4-billion-consumer-paybacks
In a fiery congressional hearing on Wednesday, Senator Bob Menendez targeted Wall Street's top executives, putting them in the hot seat with a pop quiz on their firms' financial misdeeds....
https://knews.kathimerini.com.cy/en/news/cyprus-navy-to-be-upgraded-say-national-guard-chief
The Navy is implementing a far-reaching modernization program, having among other things enhanced its anti-ship capabilities, while...
https://knews.kathimerini.com.cy/en/news/bbc-presenter-s-on-air-blunder-sparks-social-media-frenzy
In an unexpected turn of events during Wednesday's midday news, BBC presenter Maryam Moshiri unintentionally garnered attention when she appeared to give the middle finger live on air....
https://knews.kathimerini.com.cy/en/news/uk-defence-secretary-explores-humanitarian-aid-routes-to-gaza-during-cyprus-visit
Finding alternative routes for delivering humanitarian aid to the Gaza Strip is a focal point of UK Defence Secretary Grant Shapps' visit to Cyprus and the wider region, as he informed the House of Commons....
https://knews.kathimerini.com.cy/en/news/greece-sends-aid-to-cyprus-amidst-refugee-concerns
In response to Cyprus' request for assistance through the European Civil Protection Mechanism (UCPM), Greece swiftly dispatched humanitarian aid to bolster the island nation's preparedness for potential increased refugee inflows originating from the Middle East....
https://knews.kathimerini.com.cy/en/business/the-path-to-fighting-inflation-is-difficult
In an insightful dialogue about the economic landscape, Joachim Nagel, a prominent figure in the financial realm and a member of the ECB Governing Council, shares his perspectives on inflation, interest rates, and the challenges facing the European economy....
https://knews.kathimerini.com.cy/en/news/critical-student-bus-routes-axed-due-to-safety-directive
In a directive, the Ministry of Transport, Communications, and Works has announced that starting Monday, December 4, 2023, buses lacking a specific automatic engine fire extinguishing system are prohibited from operating routes....
https://knews.kathimerini.com.cy/en/comment/opinion/kissinger-and-us
Henry Alfred Kissinger (1923-2023) undeniably stood as one of the leading figures in American foreign policy and diplomacy....
https://knews.kathimerini.com.cy/en/news/henry-kissinger-influential-diplomat-passes-away-at-100
Former Secretary of State Henry Kissinger, the diplomat with the thick glasses and gravelly voice, passed away at the age of 100, according to his consulting firm. Known for dominating U.S. foreign policy during the Vietnam War and fostering relations with China, Kissinger's legacy is marked by both acclaim and criticism....
https://knews.kathimerini.com.cy/en/comment/opinion/mega-investments-and-unanswered-questions
In the realm of business expansions and openings, an intriguing anomaly surfaces—the apparent lack of foresight. Take, for instance, multi-million investments requiring a substantial workforce. ...
https://knews.kathimerini.com.cy/en/comment/opinion/the-rising-tide-of-nationalism
The Netherlands and Argentina represent two additional victories in the surge of populism and nationalism that the world has witnessed over the past decade....
https://knews.kathimerini.com.cy/en/business/ey-cyprus-redefines-corporate-reporting-landscape-at-3rd-annual-insights-event
EY Cyprus organised its 3rd Annual Corporate Reporting Insights event titled ‘Connectivity: Reforming Corporate Reporting.’ ...
https://knews.kathimerini.com.cy/en/news/first-case-of-swine-flu-strain-detected-in-uk
In a recent development, health officials in the UK have confirmed the detection of a person infected with a strain of flu akin to viruses observed in pigs....
https://knews.kathimerini.com.cy/en/business/city-of-dreams-mediterranean-faces-bumpy-start-with-181-job-losses
In a stark indicator of the challenges facing the Limassol casino-resort, the recent dismissal of 181 employees reveals significant issues four months after its grand opening. ...
https://knews.kathimerini.com.cy/en/news/president-christodoulides-and-emir-of-qatar-tackle-middle-east-developments
In a significant diplomatic move, President Nikos Christodoulides of the Republic of Cyprus met with Emir Tamim bin Hamad Al Thani in Doha during his official visit to Qatar....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-proposes-lifeline-to-gaza-in-amalthea-project
The debate on the humanitarian corridor in Gaza, from Cypriot territory within the context of the 'Amalthea' project, represents Cyprus' attempt to assert 'flag projection' and a broader diplomatic role in the evolving situation in the Middle East sub-system post-October 7....