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1591. Mercedes launches first self-driving tech in Germany

The two flagship models from Mercedes-Benz, the S-Class and the all-electric EQS, will soon be able to be ordered with conditional self-driving tech in Germany. ...

1592. First ever Limassol book fair will begin in November

Under the auspices of the Limassol Municipality and in conjunction with strategic partners from the private and public sector, the organizing team of the Limassol Book Fair announces the first annual book fair in Limassol. The event will be held on November 25-27, 2022 at the Carob Mills venue, in the historic medieval castle area of Limassol....

1593. Cyprus will request EC permission to implement mortage-to-rent scheme

Cypriot authorities plan to submit in June an official request to the European Commission for the implementation of a mortgage-to-rent scheme, aiming to address non-performing loans collateralized by primary residences and SME business premises with an estimated contractual value of €3 billion....

1594. Inflation in Turkey spikes to almost 70%

Inflation in Turkey reached record levels of almost 70% in April, rising by 8.83 points in a month, according to official statistics released today....

1595. First ever publicly financed equity fund will benefit Cyprus startups

The Ministry of Finance has long been committed to introducing a financial instrument to support startups and innovative companies with equity financing, ...

1596. Kyriakides: 'One step closer to a European Health Union'

The foundations and backbone of the European Health Union are being laid today, Kyriakides tells CNA...

1597. UN: Obesity levels in Europe at ‘epidemic proportions’

The World Health Organization says the rates of people who are obese and overweight in Europe have hit “epidemic proportions,” with nearly 60% of adults and a third of children in one of those categories....

1598. Greece sets price ceiling on electricity

The government is to introduce a price ceiling on the wholesale electricity market as the request for coordinated measures at the European level, which was reformulated on Monday at the Extraordinary Council of Energy Ministers by Energy Minister Kostas Skrekas, did not appear to gain traction....

1599. Cyprus and EU economies facing a 'twin problem' following the war in Ukraine

The EU and Cyprus economies are facing a “twin problem” of rising commodity and energy prices and heightened uncertainty following the invasion of Russia in Ukraine, according to discussions held by the Nicosia Chamber of Commerce and Industry and the European Investment Bank (EIB)....

1600. Facebook, Google, Stripe, Shopify investing a billion dollars in pre-orders for captured carbon

Four gargantuan tech companies have put together a $1.2 billion fund to pull carbon out of the atmosphere with a unique model that could go a long way to preventing 1.5°C of warming....

1601. Boris Becker faces jail term for failing to declare his millions

Three-time Wimbledon champion Boris Becker could be sent to jail today as he faces a sentence for flouting the terms of his 2017 bankruptcy....

1602. Cyprus has at least a three-month stock of wheat for human consumption

Cyprus has enough wheat for human consumption for at least three months, Minister of Agriculture, Rural Development and the Environment, Costas Kadis has told CNA....

1603. Consulco’s London Credit Fund Q1 2022 Results

Consulco achieved a remarkable first quarter of 2022, during which our London Credit Fund achieved a dividend of £ 13.07 per unit of its Class A shares, $ 11.14 per unit for its Class C shares and € 9.00 per unit for its Class E shares. ...

1604. Putin warns West of lightning retaliation

Russian President Vladimir Putin warned of lightning-fast retaliation if countries interfere in Ukraine as European leaders accused Russia of 'blackmail' over its cuts to gas supplies...

1605. The MSCI 2021 results are in - Consulco Outperforms the Market

The MSCI results are now available, and Consulco’s London commercial real estate portfolio has outperformed the Greater London Retail property market in all time frames over 3, 5 & 10 years, achieving a 7.5% total return per annum since inception....

1606. Illegal fireworks wreak havoc in Cyprus neighborhoods

Police in Cyprus are doubling down on confiscating illegal fireworks during Orthodox Holy Week, but efforts focus on suppliers and not users that wreak havoc in quiet neighborhoods...

1607. K. Treppides & Co Ltd: Cryptocurrency - Having your regulated firm able to trade in cryptocurrency

Decentralized digital currency era began in 2008 by an unknown person named Satoshi Nakamoto which invented Bitcoin, the very first cryptocurrency. ...

1608. Op-ed: Inflation welcomes 'Generation Z'

Inflation is the rate at which prices rise, which means that we need more money to buy the same product or service. Consequently, if your salary stays the same, then your purchasing power will decrease, as you will be able to buy fewer goods and services....

1609. ‘Immediate solutions’ test Cyprus’ take on EastMed

A US energy official urged Nicosia to seek 'other options' if the island wanted to get energy quickly into markets, with Italy doing just that earlier this week when Rome clinched a deal with Algeria to replace Russian gas imports through the Transmed pipeline...

1610. Consumers to buy directly from automaker, not from dealer

Mercedes-Benz has reached an agreement with its European dealers to switch to a new dealership model, in which customers will buy directly from the automaker and not from the dealer, the German brand said....

1611. 'The Cypriot economy must be diversified'

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities on March 11–28, 2022 to discuss recent economic developments and policy priorities....

1612. Global food prices rise to highest ever levels in March

Global food prices rose to their highest ever levels in March as a result of Russia’s invasion of Ukraine, the UN has reported....

1613. Property sales hit 14-year high in Cyprus

Property sales in March, as measured by the number of sale contracts deposited at Land Registry offices, hit a 14-year high according to figures released by the Department of Lands and Surveys....

1614. EU creates platform for members to jointly buy non-Russian gas

The European Union has launched a platform for European Union countries to jointly buy gas and liquefied natural gas as they seek to cut reliance on Russian fuels and build a buffer against supply shocks....

1615. Euler Hermes is now Allianz Trade

Todaymarks a new chapter in our story: Euler Hermes, the world leader in trade credit insurance, becomes Allianz Trade – a natural moveas we have been fully part of the Allianz Group since 2018...

1616. K. Treppides & Co Ltd: Cryptocurrency: The requirement of a firm to service the local market trading in cryptocurrency

1617. No more masks outdoors and an end to Safe Pass

The Cabinet of Ministers adjourned at noon today, but not before approving a set of new relaxed covid measures put forth by the Scientific Advisory Committee after yesterday's assessment and meeting with the Minister of Health Michalis Hadjipandelas....

1618. Cyprus breaks into the French market

New prospects for tourist arrivals from France have opened both in the short-term and medium-term, Deputy Tourism Minister Savvas Perdios has told CNA, noting that Cyprus has managed to break into the French market after three long years....

1619. Russia teetering on brink of default as US stops bond payments

The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at U.S. banks, in a move meant to ratchet up pressure on Moscow and eat into its holdings of dollars....

1620. Elon Musk snaps up $3bn Twitter stake

Elon Musk has taken a 9.2% stake in Twitter, according to a US securities filing. The news sent Twitter shares soaring about 25% in pre-market trading....