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691. Turkish inflation surges to nearly 80%

Turkish inflation rose to a fresh 24-year high of 79.6% in July, data showed on Wednesday as the lira’s continued weakness and global energy and commodity costs pushed prices higher, though the price rises came out below forecasts....

692. The parallels between Athens in 2011 and Nicosia in 2022

In the last ten days, two horrific videos of racist attacks by Greek Cypriots against a Congolese woman in Larnaca and a young man from Pakistan in old Nicosia have come to light....

693. From the unique to the chic, Nicosia restaurants have it covered

Nicosia, the cosmopolitan center of the island, is known for its many coffee shops, bistros, bars, restaurants and just plain watering holes serving any type of cuisine you can imagine. ...

694. Kasoulides declares Cypriot foreign ministry reliable again

Cypriot Foreign Minister Ioannis Kasoulides says the Republic of Cyprus is once again a reliable partner, suggesting that a dire state of affairs during his predecessor’s tenure has been recovered...

695. Man wracks up felony charges after visit to police

A foreign national who was called into a Nicosia police station to assist in an ongoing drug investigation in Larnaca ended up on the wanted list, after he was arrested on immigration charges and escaped while being driven to jail...

696. Tighter controls and penalties for cross-border transactions in Cyprus

The Cyprus Securities and Exchange Commission (CySEC) is introducing additional controls for cross-border services and announced that investor protection will be strengthened under new rules regarding how complaints are handled....

697. Techno parties to rebuild villages being organized by young Ukrainians

In a village in northern Ukraine that was devastated by Russian occupation only months ago, a techno party is in full swing....

698. EY announces US$1b investment in a next generation technology platform to facilitate trust, transparency and transformation through assurance services

EY announced an investment of more than US$1b in a next generation assurance technology platform – part of a sustained focus on providing high quality audits and responding rapidly to changing expectations from regulators, governments, standard setters, audit committees and boards. The four-year investment is enabled by a wider US$2.5b program, announced by the EY organization in September 2021....

699. What is the agenda for the Eastern Mediterranean?

In recent years, Cyprus, Greece and Israel have significantly intensified their political, energy and military relations....

700. Sri Lankan president flees country amid devastating economic crisis

Sri Lankan President Gotabaya Rajapaksa fled the country on Wednesday and hundreds of protesters stormed the prime minister's office demanding his ouster, as a people's uprising over a devastating economic crisis overwhelmed security forces....

701. Kea opens spectacular shipwreck dive sites

Jacques-Yves Cousteau would probably have been surprised to learn that the wreck of the World War I Britannic (the sister ship of the legendary Titanic) he discovered in 1975 off southwestern Kea would be listed as an underwater historical site almost 50 years later, becoming one of a handful of such marine parks in the world. ...

702. Erdogan to meet with Biden in Madrid

Turkish President Recep Tayyip Erdogan will be meeting with US counterpart Joe Biden on the sidelines of the NATO summit in Madrid later on Tuesday or on Wednesday, he told reporters on Tuesday morning. ...

703. Can something really come from Nothing?

A consumer electronics start-up called Nothing has secured financing of more than $200mn to launch its debut smartphone, in the first attempt for several years by a newcomer to crack a market dominated by Apple and Samsung....

704. EY Survey: Energy security concerns reinforce government focus on renewable energy programs

Energy security has risen to the top of government priority lists in the wake of geopolitical instability and spiralling gas prices....

705. Russia vows retaliation over Lithuanian blockade of goods

Russia warned NATO member Lithuania on Monday that unless the transit of goods to Russia's Kaliningrad exclave on the Baltic Sea was swiftly restored then Moscow would take undisclosed measures to defend its national interests....

706. Consulco brought together London and Limassol

An excellent dialogue took place during the hybrid conference ''Resilient Cities: London and Limassol'' organized by Consulco, on Thursday 16 June 2022 between London and Limassol, where speakers from Cyprus and Britain exchanged views on the two cities and their development. ...

707. Tourist dies in motorcycle accident in Paphos

A male tourist in Paphos was killed in an accident over the weekend when his motorcycle collided with another vehicle, while his female passenger ended up being hospitalized in the capital on life support...

708. The end of an era as Revlon files for bankruptcy

The US cosmetics group Revlon has filed for bankruptcy protection after battling supply chain problems and failing to compete with celebrity-backed and social media-savvy upstarts....

709. Wooing migrant millionaires

Greece is becoming a top destination for wealthy migrants, as it is expected to welcome 1,200 “millionaire immigrants” this year....

710. Macron, Scholz, Draghi in Kyiv on historic visit

French President Emmanuel Macron, German Chancellor Olaf Scholz and Italian Prime Minister Mario Draghi arrived in Kyiv Thursday morning, visiting the Ukrainian capital for the first time since the beginning of Russia’s invasion in a historic joint trip....

711. Staff shortages lead to travel chaos at European airports

Even though the COVID-19 travel restrictions have already been lifted in the majority of European Union states, travellers continue facing other inconveniences at European airports....

712. EY announces 4 new Partners in Cyprus and welcomes new Head of Consulting

EY Cyprus Country Managing Partner, Ronald Attard, has welcomed the announcement of 4 new partners to the Cyprus practice....

713. Lavrov in Turkey to discuss plans to ship Ukrainian grain

Russian Foreign Minister Sergey Lavrov is due to hold talks Wednesday with Turkish officials on a plan that could allow Ukraine to export its grain through the Black Sea to global markets amid an escalating food crisis....

714. Man fearing monkeypox checks himself into hospital

Another suspected case of monkeypox has been found in the Republic of Cyprus, with reports suggesting the government has been keeping information on the down-low to avoid panic over unconfirmed incidents...

715. Man killed in bus accident on highway

A man was killed on the highway after he was struck by a bus south of the capital Wednesday early morning under circumstances that remained unclarified...

716. Body of Zeta Emilianidou to be flown to Cyprus Wednesday afternoon

717. New Research Shows What’s Driving Resilience and Regeneration in Today’s Global Family Businesses

Annual report from KPMG Private Enterprise and the STEP Project Global Consortium highlights how emotional attachment to one’s organization and the ability of next-gens to take risks and experience life outside the family business are critical elements of future business success....

718. Tatar alleges Greek Cypriot links to terrorism

Turkish Cypriot leader Ersin Tatar had some harsh words for his compatriots in the south this week, saying Turkey’s concerns over NATO candidate Sweden’s PKK links also had basis in the south and called on Greek Cypriots to reevaluate their 'cooperation with terrorist organizations'...

719. Global IPO market experiences significant slowdown in Q1 2022

720. Talk of doing good rings hollow among global elite in Davos

If the rich don’t give a bit more today, they may have to give a lot more tomorrow. That was my conclusion from last week’s World Economic Forum in Davos....