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1291. Luxurious residences and cutting-edge offices transform Nicosia's skyline

After being closed for two years, the Landmark Hotel, formerly known as the Hilton, is undergoing rapid renovation. The MHV Group, the owner, has provided an update indicating that the project is progressing swiftly according to the plan, ...

1292. Londoners at risk as average rents could surge to £2,700/month next year

Average rental costs in London may soar to £2,700 per month next year, new figures from City Hall suggest....

1293. BOC reports €220 million profit for first half of 2023

Bank of Cyprus Group has reported a robust profit after tax of €220 million for the first half of 2023, a significant leap from the €43 million recorded in the same period of 2022. Notably, €125 million of these profits were achieved in the second quarter of 2023....

1294. Italy surprises banks with 40% windfall tax

Italy's rightwing coalition sent shockwaves through the financial markets as it announced an unforeseen 40% tax on bank profits derived from higher interest rates. ...

1295. From burps to burgers: The climate-friendly cows bred to belch less methane

When Canadian dairy farmer Ben Loewith's calves are born next spring, they will be among the first in the world to be bred with a specific environmental goal: burping less methane....

1296. Renowned musician's legacy lost in wildfires

The country house of the renowned musician Stelios Argyris was reduced to ashes in a devastating fire that struck Apesia. As per Christina Argyris, his daughter, the flames engulfed her father's precious sound work, leaving only the scores of his masterpieces in her possession, with no sound tapes remaining....

1297. The EuroAsia saga continues

In a statement to ''K'' news, the European Commission expressed its appreciation for the recent signing of the cable purchase agreement for the EuroAsia Interconnector....

1298. Tourism sets record revenue with fewer arrivals

The latest data on tourism revenues for the month of May has brought encouraging news for the tourism sector, signaling positive effects on the Cypriot economy....

1299. Harvard professor of 'honesty' faces fraud allegations in startling twist

In an ironic twist in the world of behavioral science, a Harvard professor who studies honesty has been accused of data fraud....

1300. Cities across Europe, including Cyprus, to showcase disabled-friendly urban areas

Nicosia, Limassol, Famagusta and Paphos now have the chance to exhibit their achievements in creating disabled-friendly urban spaces as European cities compete for the prestigious Access City Award. ...

1301. Fuel companies announce significant price hikes

Looking at the average prices across Cyprus, we found that the average price of unleaded 95 petrol increased yesterday afternoon, Tuesday, compared to the morning, and now stands at 1.5 euros per liter....

1302. Fuel prices on the rise in Cyprus

The prices of fuel in Cyprus are continuously increasing, putting a financial burden on many Cypriot citizens. Last week, the Representative of the Pan-Cyprian Consumer Association, Marios Drousiotis, estimated that there will be another increase of 2-3 cents in prices within days....

1303. Melco Announces Unaudited Second Quarter 2023 Earnings

Melco Resorts & Entertainment Limited (Nasdaq: MLCO), operator of City of Dreams Mediterranean and Cyprus Casinos (“C2”), reported its unaudited financial results for the quarter ended 30 June 2023....

1304. Drone strikes hit Moscow's financial district

Economic sanctions have been the biggest headache for Russia's business elite since the start of the war in Ukraine, but two drone strikes in the heart of Moscow's financial district are forcing companies to think about their employees' safety....

1305. CEO of Hellenic Bank placed on leave

The Hellenic Bank's CEO, Oliver Gatzke, has been placed on mandatory leave with full pay after informing the bank of his decision to terminate his employment contract, effective from July 22, 2024, when the contract was due to expire....

1306. The devastating impact of revenge pornography

Twelve women in Cyprus recently fell victim to revenge pornography, where a 40-year-old man from Larnaca posted explicit videos and photos of them on erotic websites. ...

1307. Cyprus banks witness €52.3B growth

Deposits in the Cyprus banking system rose significantly in June totalling €52.3 billion, while liquidity in the banking system amounted to €27.2 billion....

1308. Uber driver saves over $1,000 monthly with Tesla

Wesley Johnson, 64, uses the income he earns as a San Francisco Uber driver to offer some financial support to his four children and seven grandchildren. ...

1309. Ryanair to resume flights despite Greece wildfires

Ryanair has issued an update to UK holidaymakers on flights to Greece as the country battles raging wildfires amid a record-setting heatwave....

1310. U.S. military emails accidentally sent to Mali

A small spelling error has resulted in thousands of emails intended for the U.S. military being sent instead to Mali, an issue that Pentagon officials said they've taken steps to mitigate....

1311. Telecom giant Primetel faces administration

In a recent development, Primetel, a prominent telecommunications company, has entered administration. The company officially informed the Office of Electronic Communications and Postal Services about this significant change in its status....

1312. Global economy faces $590 trillion storm

A $590 trillion storm threatens the global economy as rising interest rates make more corporate debts problematic. ...

1313. NPL crisis highlights tug of war between borrowers and legislation

The concealment, or "camouflage," of non-performing loans (NPLs) in commercial banks before 2013 and their subsequent explosion have been, and may continue to be, the most significant challenge for the Cypriot economy. ...

1314. CMP secures funding for vital operations

The Committee on Missing Persons in Cyprus (CMP) said Tuesday that its funding and its operations are not under threat....

1315. Philippos Soseilos: Significant investment opportunities in Cyprus

1316. Prioritizing profits over patient safety

Kelly Hanna underwent the amputation of her leg in 2020 after a Michigan doctor, self-proclaimed as the "leg saver," damaged her arteries while attempting to clear away plaque using metal wires....

1317. Hollywood artists unite in historic strike

Leaders of Hollywood’s actors’ union voted Thursday to join screenwriters in the first joint strike in more than six decades, shutting down production across the entertainment industry after talks for a new contract with studios and streaming services broke down....

1318. Cyprus Parliament rejects bills on borrowers' rights

The Cyprus Parliament voted against two non-government bills regarding borrowers' rights on Thursday, disregarding warnings from the government and the Central Bank about potential threats to the stability of the financial sector....

1319. Shazam founder at the Digital Agenda Cyprus Summit '23

Dhiraj Mukherjee, the co-founder of Shazam Entertainment, pioneered the development of the world's first mobile phone-based music recognition service. This groundbreaking technology caught the attention of Apple, leading to its acquisition in 2017 for a staggering $400 million....

1320. Man fined €120,000 for abandoning kittens

A fine of 120,000 euros was imposed on a 76-year-old resident of Rhodes for abandoning four kittens inside a cardboard box....