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631. High prices continue to plague the market

632. Banks around the world feel force of SVB fallout

U.S. President Joe Biden vowed to do whatever was needed to address a threatened banking crisis after the collapses of Silicon Valley Bank and Signature Bank forced regulators to step in with emergency measures....

633. Criticism grows as Europe pushes to restrict cars in cities

In an effort to ease traffic congestion and curb greenhouse gas emissions causing climate change, municipalities from Barcelona to Brussels have embarked on what has been called a “transportation revolution.”...

634. Consumers cutting back on non-essential items as cost of living rises

As the cost of living crisis continues to rise globally, consumers have drastically adjusted their spending behaviors, with the majority (53%) of global consumers “holding back” on non-essential spending. ...

635. Tourists are spending 13% more in Cyprus

If there is one thing that has changed in the past year's data on the tourism industry, it is the realization that, even though there are fewer visitors coming in than in 2019,...

636. Hate speech rampant in Cyprus despite progress

Hate speech affecting several groups remains widespread in the Cypriot public discourse, the European Commission against Racism and Intolerance (ECRI) said on Tuesday in a report on Cyprus. ...

637. Cyprus asks for more assistance to stem Green Line flow

The Permanent Secretary of the Ministry of Interior Dr. Costas Constantinou requested during the informal Ministerial Meeting of the MED5 (Greece, Italy, Spain, Malta and Cyprus) the assistance of FRONTEX to limit the flow of irregular migrants from Turkey through the Green Line, while the issue of the Green Line was also included in the joint communiqué that was signed by the participants....

638. World's most expensive home up for sale

London’s most expensive home is up for sale, according to Quartz. Set on four private acres in Regent Park, one of the city’s eight royal parks, the home’s reported asking price is about $300 million, or £250 million....

639. The who's who of the Christodoulides government

On Monday afternoon (27/02), Nikos Christodoulides, the country's new leader, unveiled his new administration. Read the detailed biographies of the individuals who make up the new government....

640. How will airport traffic fare this year?

Passenger traffic at Cypriot airports is expected to return to 2019 levels this year. According to current data, passenger traffic will reach at least 96% of what it was in 2019 and may even exceed it. ...

641. Work begins on jetty for mooring FSRU in Cyprus

Work for the construction of a jetty, as part of the LNG Receiving and Regasification Terminal in the Vasilikos area in Cyprus, has recently begun...

642. EU's natural gas consumption drops by 19.3%

The EU consumption of natural gas has dropped by 19.3% in the period August 2022 - January 2023, compared with the average gas consumption for the same months (August - January) between 2017 and 2022, according to information from member state official sources and reported by Eurostat, the statistical service of the EU....

643. Cyprus removes ban on vindicated Norwegian dad

An appeals court in Norway has vindicated a man who says his daughter was abducted twice by her Greek Cypriot mother and authorities on the island did nothing to help, with the news raising questions about judicial irregularities and further prompting Nicosia to take down an Interpol arrest warrant that had essentially prevented him from visiting Cyprus...

644. The new Limassol-Piraeus schedule will be available soon

The new schedule for the Cyprus-Greece sea link is expected to be announced within the next week, or by early March at the latest. As "K" has been informed, ...

645. Another Briton jailed for sex crimes dies in Cyprus

A convicted sex offender who was serving a prison sentence in Cyprus died on Friday, marking the second death of a British national within the island’s penitentiary system this year in connection with sex crimes...

646. Credit Suisse posts $1.51 billion loss in 4th quarter of 2022

Credit Suisse on Thursday reported a fourth-quarter and annual net loss that missed expectations, as the Swiss bank continued with its huge strategic overhaul....

647. Nicosia on weapon-buying spree before runoff election

The outgoing President’s Cabinet in the Republic of Cyprus has approved the purchase of lethal weaponry from the United States just days before a highly contested runoff election on the island, which is also expected to receive attack helicopters this year after a controversial decision in Berlin...

648. Cyprus drives hard bargain on EU migration money

Outgoing Cypriot President Nicos Anastasiades will note the disproportionate burden for the Republic of Cyprus due to the increased migration flows, during the European Council summit taking place on Thursday and Friday in Brussels, highlighting the instrumentalization of the migration issue by Turkey...

649. Cyprus records another prison death as suicide

Officials in Nicosia Central Prisons in the Republic of Cyprus went on alert on Friday following the death of an inmate, whose body was found hanged in the shower...

650. Washington stops short of tongue-lashing Nicosia

Washington says there is no new policy to announce regarding a recent arms embargo lift on the Republic of Cyprus, following news that US sanctions have been imposed on several dealers including individuals who are based on the island...

651. Alpha Bank Cyprus Ltd: Mr. Miltos Michaelas as new CEO

The Board of Directors of Alpha Bank Cyprus Ltd, decided on the appointment of Mr. Miltos Michaelas to the position of CEO of Alpha Bank Cyprus Ltd....

652. A large number of foreclosure notices to be sent tomorrow

Today, Tuesday, January 31, 2023, marks the end of the most recent three-month suspension of divestments imposed by a resolution of the House of Representatives. ...

653. Turkey wants to become a natural gas 'supermarket'

Turkey will hold a natural gas summit on February 14-15 to bring together gas supplier countries and Europe’s consumer countries in Istanbul, Turkish Energy Minister Fatih Donmez said on Monday....

654. Those born in 20 years will live better, says Gates

Bill Gates, the business magnate and co-founder of the Microsoft behemoth, frequently offers his opinions on the existential dangers to the world and humanity, such as climate change and potential future pandemics. ...

655. Cabinet agrees to implement full-day high school program

656. Senator links Burisma to Biden classified documents

A newly revealed email from Hunter Biden’s laptop regarding Ukraine is raising eyebrows, with critics pushing a theory that the first son had access to classified information at a time when he maneuvered for a seat on Burisma, a Ukrainian gas company based in Cyprus...

657. The demand for new homes is dwindling

The large investments and development projects mentioned by Minister of Transport and Works Yannis Karousos in his ministry's recent project presentation may have kept the construction and real estate sector afloat until 2022, but the industry still faces challenges....

658. Banks are revising lending rates

Cypriot banks are preparing new loan rates in an effort to redesign the pricing of loans. In the first half of 2023, Cypriot banks will see significant changes in the pricing of new loans, accompanied by increases in interest rates, ...

659. Foreign trade increased significantly in first ten months of the 2022

Cyprus' foreign trade registered a significant increase in the first ten months of 2022, according to data released on Monday by the Statistical Service of Cyprus. The trade deficit also increased due to the great increase in imports....

660. Ukraine looks at Cyprus as Germany stalls

Cypriot Foreign Minister Ioannis Kasoulides is in Brussels this week where he will discuss with his EU counterparts a number of issues including Ukraine, whose president has slammed Germany for stalling on delivering Leopard tanks that Cyprus also wants according to military websites in what appears to be a convoluted arrangement...