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1801. ECB raises interest rates .5%, with further rate hikes on the horizon

The European Central Bank (ECB) increased interest rates by more than expected on Thursday, raising its benchmark deposit rate by 50 basis points to zero percent, impacting the Cyprus banking system and local borrowers....

1802. Italy's PM resigns spelling trouble for Europe

Italian prime minister Mario Draghi has resigned, ending a national unity government formed to tackle unpopular reforms and spelling trouble for Europe at a time of acute economic challenges....

1803. A 62-year-old woman relives the horrors of war during the 1974 Turkish invasion

Forty-eight years are not enough for a young girl to forget the systematic rape at the hands of Turkish soldiers, during the 1974 Turkish invasion. ...

1804. 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....

1805. Medicover awarded at the 10th Invest Cyprus International Investment Awards

Medicover was honoured at the prestigious 10th Invest Cyprus International Investment Awards, which recognize foreign companies, individuals, and investors for their contribution to the country’s economy....

1806. The enclave live under dire conditions in the occupied side

It is not an exaggeration to say that the enclaved have remained in their homeland, in the Turkish-occupied north of Cyprus, under dire conditions and are struggling on a daily basis for their survival until the day the island is freed and reunified....

1807. Stella Kyriakides visits Ukraine in bid to provide EU health support

EU Health Commissioner, Stella Kyriakides, visited Ukraine today as part of the Commission's ongoing efforts to provide support in the area of health....

1808. Greece’s Cypriot minister takes on bureaucracy

After almost one year as Greece’s climate minister, former EU Commissioner and Nicosia native Christos Stylianides says he never expected bureaucracy in Athens to be worse than Brussels...

1809. New online platform enhances understanding between both communities

The Cyprus Dialogue Forum (CDF) has announced penna!, a new online portal that aims to enhance knowledge and understanding between the two communities by reflecting the thoughts and concerns of key opinion writers across the island in English, Turkish and Greek....

1810. ECOMMBX receives the prestigious Ιnvest Cyprus International Investment Award

On 1 July 2022, at the 10th Ιnvest Cyprus International Investment Awards ceremony at the Parklane Spa & Resort in Limassol, under the auspices of the President of the Republic, Nicos Anastasiades. ...

1811. EAC: Electricity rates to be increased by 24%

The Cyprus Electricity Authority's pricing plans are expected to be approved by the Cyprus Energy Regulatory Authority in the coming days, EAC spokesperson Christina Papadopoulou told CNA on Tuesday....

1812. Cyprus property market growing in number and value

The Cyprus property market is growing while getting pricier, as the number of properties rises by 1.5%, while their overall value increased by 2.2% based on January 2021 prices compared to 2018 data....

1813. World leaders stunned by fatal shooting of Shinzo Abe

The killing of former Japanese prime minister Shinzo Abe on Friday sparked condemnation from political leaders around the world....

1814. A difficult summer

It is widely understood by now that anyone who tries to travel by plane this summer will have their patience and endurance tested....

1815. Investors react positively to Johnson's resignation

The pound jumped 0.5 percent against the dollar, from $1.193 to $1.199, as investors reacted positively to Johnson's expected resignation....

1816. Cyprus makes Russophobia list in Moscow report

Cyprus was among countries listed in a Moscow report on attacks and discrimination against Russians living abroad, with allegations on the island ranging from bullying in schools to stalking, threats of violence and financial sanctions...

1817. Boris Johnson has stepped down

After an acute political meltdown in the U.K., Prime Minister Boris Johnson has resigned as leader of the Conservative Party, setting in motion a race for a new prime minister....

1818. A total of €362.9 million euros in new loans recorded in May

A total of €362.9 million euros in new loans were recorded in May, according to data released by the Central Bank of Cyprus on Tuesday. The increase in new loans is mainly due to both an increase in loans for over €1 million and loans for the purchase of homes....

1819. Australia is exterminating tens of millions of bees to save its honey industry

Tens of millions of bees are being exterminated in a desperate attempt to save Australia's honey industry from a devastating mite plague....

1820. Exness supports technology education in Cyprus through Robotex Platinum sponsorship

1821. Increasing demand for mail-order abortion pills after SC ruling

Telehealth abortion providers have reported a surge in inquiries following the US Supreme Court’s ruling overturning Roe vs Wade, as the rapidly proliferating number of states banning terminations forces more women to turn to mail-order pills to end their pregnancies....

1822. Credit Suisse guilty of money laundering

Credit Suisse has been found guilty and fined for involvement in money laundering related to a Bulgarian drugs ring....

1823. Consumer confidence in the economy deteriorates in June

The economic sentiment in Cyprus deteriorated in July, pushed downwards by weaker business confidence in services, industry and retail trade....

1824. Russia defaults on foreign debt for the first time since 1918

Russia has defaulted on its foreign debt for the first time in more than a century as the country can't pay creditors due to sanctions over the war in Ukraine, according to media reports. ...

1825. EU leaders tackle inflation, energy shocks from Russia’s war

A day after endorsing Ukraine’s candidacy to join the European Union, the bloc’s leaders turned their attention Friday to the severe economic turbulence looming over the coming months as the full impact of Russia’s war sinks in and the threat of recession rises....

1826. The 'Great Resignation' is set to continue worldwide as pressure on pay mounts

The “Great Resignation” will continue apace in the year ahead as one in five workers say they are likely to switch to a new employer in the next 12 months. ...

1827. 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....

1828. 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....

1829. Europe must be prepared for total Russian gas cut-off this winter

The International Energy Agency has warned that Europe must prepare immediately for the complete severance of Russian gas exports this winter, urging governments to take measures to cut demand and keep aging nuclear power stations open....

1830. Only half of Cypriots agree with EU sanctions against Russia

Only 54% of respondents in Cyprus, compared to an average of 80% in the European Union, agree with EU financial sanctions against Russia, according to the European Parliament's spring Eurobarometer findings....