https://knews.kathimerini.com.cy/en/business/claude-s-creator-reports-an-$80-7-billion-loss-what-s-behind-the-number
Ask an AI chatbot to draft an email or explain a complicated document, and the answer arrives in seconds. Behind that simple exchange sits an expensive business, and the latest figures from Claude’s creator show just how big the numbers have become....
https://knews.kathimerini.com.cy/en/life/more-than-a-morning-pick-me-up-the-surprising-health-benefits-of-coffee
Coffee is a beloved beverage enjoyed in many different ways. From boosting energy to providing essential nutrients, here are some of the main benefits of coffee that you may not have known about....
https://knews.kathimerini.com.cy/en/news/six-major-eu-countries-face-a-€4-8-trillion-debt-‘bomb
Borrowing money was once so cheap that some European governments paid no interest at all. Now those debts are coming due, and replacing them will cost considerably more....
https://knews.kathimerini.com.cy/en/comment/opinion/when-economic-reality-collides-with-political-reality
The electoral cycle, with societies becoming increasingly polarized and divided, makes the situation even more difficult. Entrenched special interests, and their influence over political decisions, make difficult choices even harder to implement....
https://knews.kathimerini.com.cy/en/life/the-four-lies-narcissists-tell-most-often
Narcissists are pathological liars who deceive you, make you question your sanity and slowly destroy you. Here is a list of the four most common lies narcissists tell:...
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-returns-to-an-a-rating-but-what-happens-next-matters-more
After 15 years, the Republic of Cyprus has once again secured an A rating from S&P. This achievement closes a major chapter and gives us reason to look back at the recent history of our economy....
https://knews.kathimerini.com.cy/en/life/cyprus-sends-hold-onto-me-to-the-oscars-after-its-sundance-triumph
Cyprus has found its Oscar hopeful, and instead of hiding the island behind glossy resorts and postcard beaches, it shows a Cyprus that locals will instantly recognize....
https://knews.kathimerini.com.cy/en/news/limassol-loses-one-of-its-great-characters-dimis-mavropoulos-dies-at-76
An unimaginable tragedy unfolded at Konnos Bay on Saturday, where Dimis Mavropoulos, one of Limassol’s best-known and most colorful characters, died after trying to save the boat that had become such an important part of his summers....
https://knews.kathimerini.com.cy/en/business/cyprus-awaits-its-september-report-card-but-will-households-feel-it
Cyprus will receive a series of important financial report cards in September, when three international rating agencies take a fresh look at the country’s economy....
https://knews.kathimerini.com.cy/en/news/banks-in-the-occupied-areas-combine-high-growth-with-serious-risks
Recent regulatory shifts and reduced state reliance have reshaped the banking system in the occupied areas, though inflation topping 30% continues to drive major financial pressures....
https://knews.kathimerini.com.cy/en/business/financial-instability-in-the-occupied-area-threatens-future-reunification-plans
Up until now, all parties, including the Greek Cypriot side, have operated under the assumption that they don't need to tackle the fiscal viability of the successor state in the occupied area. That mindset is dangerous, especially when the necessary fixes aren't actually out of reach, so long as someone takes action....
https://knews.kathimerini.com.cy/en/business/esm-report-says-cyprus-and-greece-are-the-only-eurozone-countries-expected-to-reduce-debt-through-2035
About half of the euro area countries, including the five member states that received assistance from the European Stability Mechanism (ESM), among them Cyprus, succeeded in reducing public debt and cutting deficits after the pandemic, thanks to the steady economic recovery and growing tax revenues....
https://knews.kathimerini.com.cy/en/comment/opinion/politics-blog-europe-gets-hotter-politics-gets-stranger
We got the EU Presidency, and suddenly everything started moving at higher speeds—climate change included....
https://knews.kathimerini.com.cy/en/news/david-hunter-briton-at-the-center-of-cyprus-mercy-killing-case-dies-aged-78
David Hunter, the British pensioner whose case sparked debate in Cyprus and the UK over mercy killing and end-of-life decisions, has died at the age of 78....
https://knews.kathimerini.com.cy/en/life/summer-cinema-returns-to-faneromeni-with-free-screenings-in-nicosia
The Bank of Cyprus Cultural Foundation is bringing back its open-air summer cinema programme as part of the FANEROMENI26 Arts Festival, offering free film screenings for audiences of all ages throughout July and August in central Nicosia...
https://knews.kathimerini.com.cy/en/news/suspect-in-hamas-linked-terror-case-released-on-€1-million-bond
The high-profile terrorism case that has raised security concerns in Cyprus and Greece took a new turn on Friday, after the Larnaca District Court ordered the release of a 54-year-old man under strict conditions, ruling that the evidence connecting him to the alleged plot showed weaknesses....
https://knews.kathimerini.com.cy/en/news/cyprus-shows-strong-growth-and-falling-debt-but-warning-signs-remain
Cyprus’ economy is continuing to grow strongly, with falling debt and a stabilizing financial system, but new risks linked to regional instability and long-term structural challenges are still hanging over the country, according to a new European report....
https://knews.kathimerini.com.cy/en/business/more-interest-rate-hikes-on-the-way-hitting-cypriot-borrowers-again
The last time the European Central Bank (ECB) raised interest rates was on September 20, 2023. But all signs suggest that another increase could be coming as early as next week....
https://knews.kathimerini.com.cy/en/business/evgenii-tiapkin-‘there-is-no-equivalent-to-the-freedom-ecosystem-in-the-eu
Last Wednesday, 3 June, the President of Cyprus, Nikos Christodoulides, arrived in Kazakhstan at the invitation of President Kassym-Jomart Tokayev, accompanied by a delegation of officials and representatives of the national business community. The heads of state held bilateral talks. The talks then continued in an expanded format with the participation of delegations from both countries, and a bilateral business forum was held on the same day. ...
https://knews.kathimerini.com.cy/en/business/eurobank-raises-€700-million-after-investor-demand-surges-nearly-fourfold
Eurobank has raised €700 million through a new bond issue after attracting far stronger investor interest than expected, another sign that international markets remain confident in the bank and the wider Greek banking sector....
https://knews.kathimerini.com.cy/en/news/eurobank-returns-to-markets-with-new-six-year-bond-issue
Eurobank has returned to international markets with a new senior preferred bond issue, continuing a broader trend among European banks seeking fresh funding and stronger financial buffers....
https://knews.kathimerini.com.cy/en/news/eu-leaders-get-down-to-business-on-day-two
After a more relaxed evening of talks over dinner in Ayia Napa, EU leaders rolled up their sleeves in Nicosia on Friday, shifting from pleasantries to the hard politics of money, energy and war....
https://knews.kathimerini.com.cy/en/news/no-more-borrowing-from-pension-fund-government-says
A long-standing distortion in Cyprus’ social insurance fund is finally being addressed as the government moves to ''freeze'' its growing debt to the fund and shift its investment strategy to an independent authority....
https://knews.kathimerini.com.cy/en/business/cyprus-moves-to-end-state-borrowing-from-social-insurance-fund-in-pension-reform-plan
Cyprus is moving forward with changes to its pension system, with discussions now focusing on both the Social Insurance Fund and Provident Funds. ...
https://knews.kathimerini.com.cy/en/news/uk-families-say-ivf-clinics-in-occupied-cyprus-used-wrong-donors
A number of British families have come forward with serious concerns that fertility clinics in occupied Cyprus may have used incorrect sperm or egg donors during IVF treatment, raising questions about oversight and patient safety....
https://knews.kathimerini.com.cy/en/comment/opinion/the-global-economy-is-facing-severe-turbulence
The Strait of Hormuz is the only maritime passage into the Persian Gulf. The de facto disruption of normal shipping through the Strait of Hormuz caused demand to fall by 80 percent, left oil tankers idle, and forced a halt to oil production because storage capacity is limited. ...
https://knews.kathimerini.com.cy/en/news/tech-entrepreneur-uses-ai-to-create-personalised-cancer-vaccine-for-his-dog
A technology entrepreneur in Australia has helped develop a personalised cancer vaccine for his dog using artificial intelligence, an experiment that researchers say could point toward new approaches for treating cancer in people....
https://knews.kathimerini.com.cy/en/news/strong-year-for-aegean-as-profits-climb-to-€147-8-million
AEGEAN announces its operating and financial results for fiscal year 2025, confirming its consistent growth path....
https://knews.kathimerini.com.cy/en/business/boc-eyes-strategic-acquisitions-in-insurance-asset-management-and-fintech
Bank of Cyprus says it is keeping a close watch for potential acquisitions that could add value to the group, focusing on three main areas: insurance, asset management and fintech....
https://knews.kathimerini.com.cy/en/business/cyprus-s-credit-rating-boosted-as-public-debt-drops-and-economy-strengthens
Cyprus’s long-term sovereign credit rating has been upgraded by Scope Ratings to A from A-, with a stable outlook, reflecting sharp falls in public debt, ongoing budget surpluses, and a stronger banking sector....
