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61. Cyprus secures third place in 'The Economist' economic pentathlon

With three gold and two silver medals, Cyprus ranks third in The Economist’s economic pentathlon which has calculated how the 27 EU member states perform on the five major challenges facing them, namely demand/inflation, debt, demography, decarbonisation and decoupling from the world’s autocracies....

62. Government vulnerable to rising fuel costs amid Middle East tensions

Economist Pampos Papageorgiou recently addressed the potential economic consequences that the ongoing conflict in the Middle East may bring to Cyprus and Europe....

63. The Israeli war's impact on economy and energy prices

Economists have been examining the inevitable economic consequences of the war in Israel, particularly its influence on fuel and electricity costs....

64. Cyprus gains Vice Presidential seat at European Investment Bank

The European Investment Bank (EIB) appointed for the first time ever a Vice President from Cyprus in its Management Committee....

65. AI enhancing work-life balance, 100-year careers

JPMorgan CEO Jamie Dimon is shaking off doomsday predictions about what AI means for humanity — instead laying out how he sees the technology vastly improving businesses and the work-life balance of their employees....

66. Former President's startling revelation about food

In April 2022, former Russian President Dmitry Medvedev, now deputy head of Russia’s Security Council, said on his Telegram channel: “Our food is our silent weapon. Silent — but formidable."...

67. Violent clashes between tenants and property owners as rents spike 700%

A craftsman in Turkey, who has been diligently paying rent for two decades, now finds himself threatened with eviction due to an unexpected rent increase of nearly 700%. His monthly rent has surged from 3,200 Turkish lira (110 euros) to a staggering 25,000 lira (867 euros)....

68. ECB raises rates for the 10th time as it tries to quell inflation

The European Central Bank raised interest rates for the 10th meeting in a row on Thursday to counter stubborn inflation but signalled that it is likely done tightening policy....

69. Unprecedented disasters prompt urgent calls for risk assessment review

Unfortunately, this year has been a game changer in terms of risk prediction as the scale and impact of recent disasters has been unprecedented, Dr. George Boustras, ...

70. Weight-loss drug Ozempic transforms Denmark's economy

Massive demand for diabetes and weight loss drugs made by Danish pharmaceutical group Novo Nordisk has turned it into Europe's most valuable company, giving Denmark's economy a major makeover....

71. China's economic slowdown threatens global stability

China is unlikely to surpass the US as the world's largest economy as initially predicted for the early 2030s, primarily due to a growing lack of confidence in the Chinese economy, according to Bloomberg Economics analysts....

72. Brexit: 7,000 finance Jobs moved overseas

Dublin, Frankfurt and Paris are vying for a share of the financial services markets once dominated by London....

73. Taylor Swift's tour spreads goodwill to food banks

Economists told CNN recently that Taylor Swift’s Eras Tour is becoming such a massive phenomenon that it’s having demonstrable impacts on the US economy at large, but it’s not only stadium venues, record labels, and ticket vendors benefiting....

74. UK inflation dips to 17-month low

UK inflation eased to a 17-month low in July, official data showed Wednesday, though it also revealed that prices of services, such as haircuts, hotels and restaurants, increased at a faster pace than the previous month. ...

75. Is home really the best office?

Working remotely has its advantages, but there's growing evidence to support what many managers have long suspected: Fully remote workers are less productive....

76. ECB dilemma with core inflation at 5.5%

The European Central Bank (ECB) is almost certain to raise interest rates by 25 basis points in its meeting tomorrow, though what happens next is unclear....

77. Philippos Soseilos: Significant investment opportunities in Cyprus

78. Applications open for 'Rent in Exchange' program

"The submission of applications for the 'Rent in Exchange for Installment' program will begin in October," said Ioanna Markidou, Chief Economist A' at the Ministry of Finance, in a statement to CNA....

79. US senator supports Greece's role in deterring Russia

"If the administration chooses to override the F-16 veto, I will oppose it and there will be consequences," Senator and Chairman of the US Senate Foreign Relations Committee Robert Menendez told reporters on the sidelines of the Eastern Mediterranean Business Summit in New York....

80. MFA to meet UN secretary-general in New York

Today, Minister of Foreign Affairs, Konstantinos Kompos, begins his contacts in New York, while on Tuesday he will meet with the UN Secretary-General, Antonio Guterres. ...

81. EU Commission proposes digital euro as cash alternative

Digital currencies have grown in popularity. Unlike bitcoin, the digital euro would be a central bank digital currency (CBDC), essentially, electronic cash. ...

82. Kombos readies New York trip to make his case

Cyprus Foreign Minister, Konstantinos Kombos, will meet with the UN Secretary-General, Antonio Guterres, on July 11 in New York, Government Spokesman, Konstantinos Letymbiotis, has told CNA...

83. 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....

84. 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....

85. 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. ...

86. Former US-based bank executive to lead Turkey's Central Bank

Turkish President Recep Tayyip Erdogan on Friday appointed a former U.S.-based bank executive to head Turkey’s central bank, in another sign that his administration might pursue more conventional economic policies....

87. Why are food prices so high in Europe?

It is the most basic of staple food items: sliced white bread. In Britain, the average price of a loaf was 28 percent higher in April, at 1.39 pounds, or $1.72, than it was a year earlier....

88. Henry Kissinger warns of looming peril: U.S.-China tensions and the AI arms race

U.S.-China tensions have been called a repeat of Cold War-era dynamics. But a more apt comparison may be the years preceding World War I when much of Europe was sitting on a powder keg of hostilities and overlapping territorial claims that required only two bullets to ignite. ...

89. As Greek elections loom, parties vie for votes of ‘lost generation’

Politicians vying for votes in Greece’s election on Sunday have turned to YouTube and TikTok to win over a younger generation who have long felt that years of crises have cost them their youth...

90. Why do young people in Cyprus struggle to secure a home loan?

Young people are facing difficulties in securing mortgage loans due to a number of factors, according to economist Tasos Yasemidis....