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1261. European stocks rally on hope of interest rate peak

Eurozone inflation fell more than expected to 5.5 percent in June, its lowest rate since the start of last year, but a slight rebound in core consumer price growth tempered any relief for policymakers....

1262. Lawmaker insists secret funds were paid to hackers

Recently hacked data from Cyprus’ land registry and the state’s flagship university were back in the news this week, after a lawmaker said he had been told that millions of secret money was paid to cyber attackers, an allegation denied by officials...

1263. More than 1,500 fines handed out to e-scooter drivers

Since the implementation of the Personal Mobility Devices Legislation on September 1, 2022, the police have issued more than 1,500 extrajudicial fines to e-scooter drivers....

1264. Cyprus struggles to reduce landfill waste, falling behind targets

Cyprus is facing significant challenges in meeting its municipal waste management and recycling targets, prompting concerns from the European Commission, according to a report on Philenews....

1265. Self-service kiosks to capture fingerprints

According to a report from Greek City Times, a recent development in travel regulations will require holidaymakers visiting EU countries, including popular destinations like France, Spain, Greece, Turkey, and Italy, to provide their fingerprints....

1266. Drug-related deaths surge in Vienna

A new UN report said the number of people suffering from drug use disorders had skyrocketed in the last 10 years....

1267.  Land sales surge in Akamas

The irregularities observed within Akamas' protected area, as highlighted in last Sunday's report by "K," appear to be just one aspect of a broader issue emerging in anticipation of the implementation of the local plan in September....

1268. Cyprus's organic farming flourishes, Eurostat data reveals

The area used for organic agricultural production has increased in all member states of the EU, including Cyprus, between 2012 and 2021, according to data published by Eurostat, the statistical service of the European Union....

1269. Navy withheld Titan Submersible's implosion info during search

At least some in the upper echelons of the US military were aware of the Titan submersible's fate days before the rest of the world, according to a Wall Street Journal report. ...

1270. Woman misdiagnosed with metastatic cancer takes legal action

A woman who was misdiagnosed with metastatic cancer and given a prognosis of only six months to live is now taking legal action against the Nicosia General Hospital and the Bank of Cyprus Oncology Center, as reported by Phileleftheros today....

1271. Titanic sub five all dead after 'catastrophic implosion'

A deep-sea submersible carrying five people on a voyage to the century-old wreck of the Titanic was found in pieces from a 'catastrophic implosion' that killed everyone aboard, the US Coast Guard said on Thursday, ending a multinational five-day search for the vessel...

1272. Vienna retains top spot as most pleasant city to live in

Vienna maintains its position as the most pleasant city to live in, according to the annual rankings released by the Economist Intelligence Unit....

1273. MPs move forward with divestment changes

MPs are displaying a resolute determination to press ahead with crucial changes to the divestment framework before the parliamentary summer recess....

1274. Excess renewable energy poses challenges for Cyprus

There is an excess production from renewable energy sources that could be extracted, stated the spokesperson of the Cyprus Transmission System Operator (TSO) to CNA....

1275. Police join agent wars over domestic assistants

Foreign nationals on work visas in the Republic of Cyprus may have immigration documents confiscated at Greek Cypriot checkpoints as they cross into the north, as authorities in the south push for preemptive measures to combat overseas travel at the expense of domestic employers...

1276. Total loans increase by €71 million, reaching €24.4 billion

Non-performing loans decreased by €105 million end of March 2023, compared to the end of December 2022, reaching €2.2 billion, according to data published by the Central Bank of Cyprus on Tuesday. ...

1277. Cyprus banks to double net interest income in Q1 2023

Net Interest Income (NII) for the Cypriot banking sector nearly doubled in the first quarter of 2023, driven by the ECB’s rising interest rates in a bid to contain inflation....

1278. Understanding price levels in Cyprus and how they compare to the EU average

According to the latest data from Eurostat, the statistical service of the European Union, the price levels for household expenses in Cyprus were 91% of the EU average in 2022....

1279. Search intensifies for missing sub as Canadian military detects underwater noises

A Canadian military surveillance aircraft detected underwater noises as a massive search continued early Wednesday in a remote part of the North Atlantic for a submersible that vanished while taking five people down to the wreck of the Titanic....

1280. Students identifying as animals, sparking controversy

Schools are allowing children to identify as cats, horses, and dinosaurs - and teachers are 'failing to question them', it was claimed today....

1281. Tourist arrivals soar as May 2023 records impressive 33.3% surge

The arrivals of tourists reached 420,076 in May 2023 compared to 315,018 in May 2022, recording an increase of 33.3%, according to data published by the Cyprus Statistical Service on Tuesday....

1282. Russia's use of Chinese yuan to bypass western sanctions may come to an end

Russia has been using China's yuan to get around sanctions — but at least one major Chinese bank has halted transfers from Russia over fears of secondary sanctions from the West....

1283. Construction materials prices stabilize as index drops in May

Construction materials prices started to stabilize in Cyprus, with the Price Index of Construction Materials decreasing 0.06% in May, compared to April, according to data published by the Cyprus Statistical Service on Monday. The Price Index of Construction Materials for May 2023 reached 135.51 units (base year 2015=100)....

1284. Almost 108,000 drivers exceed speed limits

Since the official implementation of the photo certification system on January 1, 2022, a staggering total of 132,982 out-of-court complaints have been filed....

1285. Cablenet: The Fastest Growing Mobile Network

1286. Hourly labor costs in Cyprus rise by 5% in Q1 2023

According to provisional data released by the Statistical Service on Friday, hourly labor costs in Cyprus saw a 5% increase in the first quarter of 2023 compared to the same period the previous year....

1287. Floating metropolis to tackle climate change

Japanese designers are preparing for rising sea levels in the future — by sitting on top of them in a vast floating city!...

1288. Chocolate prices to surge

Chocolate enthusiasts should brace themselves for price hikes in the near future, as cocoa prices continue to soar. ...

1289. ECB raises interest rate to 3.20% in ongoing tightening campaign

The European Central Bank (ECB) has announced its decision to raise the interest rate to 3.20%, marking another step in its ongoing monetary policy tightening campaign. ...

1290. Deadly Mediterranean shipwreck exposes desperate migrant journeys

Wednesday’s deadly shipwreck off southern Greece, involving a large boat carrying migrants that capsized after apparently rebuffing offers of help, is just the latest case of smugglers packing vessels full of desperate people willing to risk their lives to reach continental Europe....