https://knews.kathimerini.com.cy/en/business/cyprus-faces-financial-imbalance-as-assets-fall-short-of-liabilities
As of December 2023, Cyprus' economy is navigating a complex financial landscape, with total assets in financial instruments reaching €869 billion. However, the country also faces a notable financial shortfall, with liabilities exceeding assets by about €29 billion....
https://knews.kathimerini.com.cy/en/news/countdown-to-black-friday-tips-to-avoid-scams
As Black Friday approaches on Nov. 29, businesses worldwide are gearing up for significant sales events. Recognized as the unofficial start of the holiday shopping season in the U.S. since 1952, Black Friday is observed on the fourth Friday in November, the day after Thanksgiving....
https://knews.kathimerini.com.cy/en/news/cyprus-foreign-minister-optimistic-about-upcoming-us-meeting
Foreign Affairs Minister Constantinos Kombos has stated that the upcoming meeting between the Presidents of the United States and Cyprus in Washington will hold significant symbolic and political weight. ...
https://knews.kathimerini.com.cy/en/news/new-eu-rules-open-cyprus-s-troubled-loan-market-to-foreign-investors
In a move that could reshape Cyprus's financial landscape, Parliament recently passed a European Directive that makes it easier for foreign investors to buy non-performing loans (NPLs) in the country....
https://knews.kathimerini.com.cy/en/news/increase-in-missing-minors-from-cyprus-juvenile-homes-raises-alarms
Cyprus is grappling with a steady rise in cases of minors disappearing from juvenile homes, a long-standing issue of national welfare policy....
https://knews.kathimerini.com.cy/en/news/germany-€60-billion-budget-shortfall-rocks-europe-s-largest-economy
Germany’s tax revenues are projected to fall nearly €60 billion short of earlier expectations over the next five years, intensifying budget challenges for Chancellor Olaf Scholz’s government and straining the already fragile three-party coalition....
https://knews.kathimerini.com.cy/en/news/clocks-fall-back-but-the-debate-over-daylight-saving-time-ticks-on
As clocks across Cyprus and much of Europe turned back an hour early Sunday, the annual ritual of falling back once again sparked the question: Is it time to let go of daylight saving time?...
https://knews.kathimerini.com.cy/en/news/lecture-by-renowned-entrepreneur-john-christodoulou-at-european-university-cyprus
The School of Business of European University Cyprus (EUC), demonstrating its commitment to making a meaningful impact in the business sector and society, hosted a prestigious lecture featuring world-renowned London-based Cypriot-born entrepreneur, John Christodoulou....
https://knews.kathimerini.com.cy/en/news/racist-attack-on-indian-delivery-worker-under-investigation-in-limassol
A 28-year-old Indian food distributor was attacked on Thursday night in what authorities are investigating as a racially motivated assault. The incident occurred around 10:30 PM in the Ayios Athanasios area of Limassol....
https://knews.kathimerini.com.cy/en/news/turkish-exile-fethullah-gulen-erdoğan-s-rival-dies-at-83
Fethullah Gülen, the Turkish scholar and preacher accused by Ankara......
https://knews.kathimerini.com.cy/en/news/aircraft-deployed-to-combat-paphos-fire-after-limassol-flames-tamed
A new wildfire has broken out in the Paphos district, specifically in the Pittokopos area, just hours after a blaze in Limassol was brought under control....
https://knews.kathimerini.com.cy/en/news/ft-foreign-students-lured-to-illegal-universities-in-occupied-cyprus
The Financial Times published an extensive report from Nicosia, highlighting a scheme targeting foreign students, particularly from Africa and Asia, through agencies promoting study opportunities at illegal universities in the occupied northern Cyprus....
https://knews.kathimerini.com.cy/en/news/mostly-clear-skies-with-mild-winds-across-the-island
A weak high-pressure system is affecting the area....
https://knews.kathimerini.com.cy/en/news/water-crisis-looms-as-cyprus-dams-hit-27
Cyprus is grappling with a severe water shortage as the ongoing drought pushes the country's dam capacity to worrying levels. According to Gianna Economidou......
https://knews.kathimerini.com.cy/en/news/scam-warning-don-t-fall-for-fake-delivery-fees-from-cyprus-post
The Cyprus Police are urging the public to exercise caution following reports of a new scam involving fraudulent emails related to package deliveries....
https://knews.kathimerini.com.cy/en/news/ecb-cuts-rates-again-as-eurozone-inflation-and-economy-struggle
The European Central Bank (ECB) has cut interest rates for the third time, marking the first consecutive reduction in 13 years....
https://knews.kathimerini.com.cy/en/news/one-direction-s-liam-payne-falls-to-his-death-from-hotel-balcony
Former One Direction singer Liam Payne has died after falling from a third-floor hotel balcony in Buenos Aires, Argentine authorities said Wednesday....
https://knews.kathimerini.com.cy/en/news/bank-profits-in-crosshairs-as-tax-talks-heat-up
The future of a special tax on bank deposits paid to the state may be heading for a shift, though a final decision is not guaranteed. ...
https://knews.kathimerini.com.cy/en/news/afternoon-showers-expected-in-the-mountains
Today's weather will be partly cloudy, with isolated showers expected in the afternoon, primarily in the mountains. ...
https://knews.kathimerini.com.cy/en/news/protests-rise-against-barcelona-s-growing-tourist-influx
Barcelona is grappling with a surge in tourism that has led to rising tensions among locals. Iconic landmarks like Sagrada Familia and Park Güell, along with bustling streets like Las Ramblas, are attracting 170,000 visitors daily, according to city authorities. ...
https://knews.kathimerini.com.cy/en/news/frustrated-graduates-flee-abroad-as-job-markets-fail-them
Over the past two decades, an educational revolution swept through much of the developing world. ...
https://knews.kathimerini.com.cy/en/news/tesla-s-hiring-secret-mindset-over-skills-says-beth-davies-in-digital-agenda-interview
Beth Davies, former development director at Tesla, Gap, Apple, and Microsoft, spoke to "K" about talent attraction strategies employed by leading tech companies. ...
https://knews.kathimerini.com.cy/en/news/french-court-clears-cyprus-in-$1-4-billion-fbme-bank-case
France’s highest court has brought an end to the $1.4 billion legal battle over the resolution of FBME Bank, ruling that the Central Bank of Cyprus (CBC) acted prudently and did not breach any obligations under a bilateral investment treaty between Cyprus and Lebanon....
https://knews.kathimerini.com.cy/en/business/soaring-prices-of-fruits-and-vegetables-hitting-consumers-hard
Cypriot consumers are feeling the pinch as the prices of fruits, vegetables, and greens have surged, making it harder for households to purchase these essential goods....
https://knews.kathimerini.com.cy/en/business/digital-transformation-or-vanish
Historically our world has experienced significant eras spanning from the medieval eras, Renaissance, Scientific Revolution, Industrial Revolution, World War Era and others....
https://knews.kathimerini.com.cy/en/news/crystal-balls-barbed-wire-and-other-cypriot-delights
Christodoulides insists that we’ll soon have “some developments on the Cyprus issue.” Watch out—when we least expect it, there might just be some progress, and the President will be hailed as a visionary, maybe even earning the title of a posthumous prophet. ...
https://knews.kathimerini.com.cy/en/news/bridging-divides-celebrating-german-unity-day-in-cyprus
Last night, the German Embassy in Cyprus hosted a vibrant reception at Chateau Status to celebrate the 34th anniversary of German Unity Day....
https://knews.kathimerini.com.cy/en/news/olive-oil-and-potato-prices-surge-in-cyprus-by-over-50
Olive oil and potatoes saw the largest annual price increases in September 2024, surging by 61.3% and 57.7% respectively, according to data from the Cyprus Consumer Association....
https://knews.kathimerini.com.cy/en/news/weekend-warm-up-clear-skies-and-sunshine-ahead
Good morning and happy Friday! Here's your weekend weather update:...
https://knews.kathimerini.com.cy/en/news/inflation-slows-to-0-7-in-september-due-to-falling-oil-prices
Inflation hit a three-year low due to the fall in oil prices in September 2024, rising at a rate of 0.7%, according to data released by the Statistical Service on Thursday. The Consumer Price Index (CPI) in September 2024 increased by 0.38 units to 118.48 units compared to 118.10 units in August 2024....
