https://knews.kathimerini.com.cy/en/news/drug-related-deaths-surge-in-vienna
A new UN report said the number of people suffering from drug use disorders had skyrocketed in the last 10 years....
https://knews.kathimerini.com.cy/en/news/hollywood-mogul-testifies-in-netanyahu-corruption-trial
Hollywood mogul Arnon Milchan began his testimony in the corruption trial of Israeli Prime Minister Benjamin Netanyahu on Sunday, in a court session that was broadcast live from an English seaside town direct to Jerusalem....
https://knews.kathimerini.com.cy/en/business/hellenic-bank-rakes-in-€69-7-million-in-profits-during-q1-of-2023
Hellenic Bank has reported a profit of €69.7 million for the first quarter of 2023, signaling a strong start to the year. ...
https://knews.kathimerini.com.cy/en/business/regulatory-change-delays-electric-air-taxi-market-entry
The era of electric air taxis is near, but a regulatory change has created an obstacle for manufacturers.
...
https://knews.kathimerini.com.cy/en/business/eba-tightens-its-grip-in-response-to-sanctions
Following the uproar caused by the lists of sanctions issued by the US, UK, and European authorities, the European Banking Authority (EBA) is tightening its standards in response. ...
https://knews.kathimerini.com.cy/en/news/limassol-hosts-desalination-conference
'Desalination for the Environment, Clean Water and Energy conference and exhibition' begins Tuesday in Limassol with the participation of more than 300 delegates from around the world and 30 exhibitors...
https://knews.kathimerini.com.cy/en/business/usa-ai-chatbots-may-deepen-loneliness-crisis
The United States is grappling with a loneliness crisis that has been further exacerbated by the isolation brought on by the COVID-19 pandemic....
https://knews.kathimerini.com.cy/en/news/cypriot-commissioner-wants-women-out-of-sex-work
Cyprus’ gender commissioner is on a mission to steer debate on ending prostitution, saying she wants to criminalize paid sex and offer 'a way out' for women in the unregulated industry of the world’s oldest profession...
https://knews.kathimerini.com.cy/en/news/us-congressman-arrested-for-fraud-and-money-laundering
US Republican congressman George Santos has been arrested in New York on federal charges of fraud, money laundering and theft of public funds....
https://knews.kathimerini.com.cy/en/business/dr-charis-savvides-joins-grant-thornton-cyprus
Grant Thornton Cyprus is pleased to announce that Dr Charis Savvides joined the Firm as the Funds and Regulatory Compliance Services Leader. This appointment is part of the Firm’s strategic plans to enhance its advisory offering and at the same time, to meet growing client demands....
https://knews.kathimerini.com.cy/en/business/deutsche-bank-to-slash-800-jobs-as-part-of-new-cost-cutting-initiative
Deutsche Bank to cut 800 jobs in a new cost-saving drive after reporting a bigger-than-expected rise in profit for the first quarter, a volatile period globally for finance companies....
https://knews.kathimerini.com.cy/en/news/ec-proposes-major-reforms-to-create-single-market-for-medicines
The European Commission has proposed a new single market for medicines in the European Union (EU) to create an attractive and innovation-friendly environment for the research, development, and production of medicines....
https://knews.kathimerini.com.cy/en/business/cyprus-faces-economic-losses-due-to-rejected-renewable-energy-production
The issue of storing electricity from renewable energy sources has become a problem due to extensive production rejections of both large and small photovoltaic parks by the Transmission and Distribution Operators on Easter Sunday and Monday in Cyprus....
https://knews.kathimerini.com.cy/en/news/cysec-fines-cif-one-million-euros-for-regulatory-violations
The Cyprus Securities and Exchange Commission (CySEC) announced its decision to impose a fine of one million euros on the Cyprus Investment Firm (CIF) Itrade Global Ltd....
https://knews.kathimerini.com.cy/en/business/prem-watsa-greek-banks-are-safer
Greece has entered a virtuous cycle of growth, and the next few years will be especially beneficial to the economy and Greeks if political stability is maintained and business-friendly policies are implemented....
https://knews.kathimerini.com.cy/en/news/saudi-national-bank-president-resigns
The chairman of Saudi National Bank, which was the main shareholder of Credit Suisse before its takeover earlier this month, has resigned, according to a statement published on the Saudi stock exchange....
https://knews.kathimerini.com.cy/en/news/investigations-into-train-crash-reveal-mistakes-and-inexperience
The official documents of the case file on the tragic train collision in northern Greece on the night of February 28 highlight in the most damning way the sequence of mistakes and omissions as well as the lack of communication between railway employees and, in one case, lack of experience....
https://knews.kathimerini.com.cy/en/business/ey-cyprus-a-gold-sponsor-at-the-6th-annual-capital-link-cyprus-shipping-forum
EY Cyprus was, once again, a gold sponsor of the 6th Annual Capital Link Cyprus Shipping Forum, which was held at the Columbia Plaza, in Limassol, on Tuesday, March 7th 2023....
https://knews.kathimerini.com.cy/en/news/rail-safety-warnings-fell-on-deaf-ears-since-2014
The European Railway Agency (ERA) has been warning successive governments in Greece, as well as the European Commission, since at least 2014 about safety gaps in the Greek railway system, according to ERA head Josef Doppelbauer, speaking to Kathimerini in the wake of last week’s deadly collision at Tempe....
https://knews.kathimerini.com.cy/en/business/february-newsletter-of-k-treppides-co-ltd-eba
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....
https://knews.kathimerini.com.cy/en/business/ey-presents-report-on-the-future-of-banking-in-cyprus
The report showcases the importance and contribution of Cypriot banks to the wider economy and society, and identifies current and upcoming challenges and opportunities...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-71-million-in-profits-in-2022
Bank of Cyprus' profit for 2022 was 71 million euros, up from 30 million euros in 2021....
https://knews.kathimerini.com.cy/en/business/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, ...
https://knews.kathimerini.com.cy/en/business/google-cutting-12-000-jobs
Google's parent Alphabet Inc said on Friday it is cutting about 12,000 jobs, or 6% of its workforce, as the technology sector reels from layoffs and companies stake their futures on artificial intelligence (AI)....
https://knews.kathimerini.com.cy/en/business/wargaming-intends-to-hold-on-to-hellenic
Wargaming Group, a Cypriot technology company, intends to remain a shareholder in Hellenic Bank. Despite selling a 13.41% stake to Eurobank in early December, Wargaming says its goal now is to focus on what it says it "does best," which is creating good games....
https://knews.kathimerini.com.cy/en/news/cyprus-aims-for-higher-targets-in-green-energy
In 2022, renewable energy sources now make up a larger percentage of total energy consumption. ...
https://knews.kathimerini.com.cy/en/comment/opinion/looking-ahead-to-2023-house-prices-in-cyprus
The end of 2021 saw Europe’s and Cyprus’ economies gradually recovering from the two-year rollercoaster ride of lockdowns, the stock market at record highs, and inflation increasing....
https://knews.kathimerini.com.cy/en/news/us-retail-pharmacies-to-dispense-abortion-pills-with-prescription
Retail pharmacies in the United States will be permitted to sell abortion pills, health officials said Tuesday, a move that could significantly expand access to the procedure after last year's landmark Supreme Court ruling that overturned federal abortion rights....
https://knews.kathimerini.com.cy/en/business/the-landscape-of-bank-equity-is-changing-in-cyprus
A day before 2022 came to an end, Eurobank made the announcement that it had added 3.2% more shares of Hellenic Bank, bringing its total to 29.2% (pending regulatory approval), and altering the bank's balance "for good"....
https://knews.kathimerini.com.cy/en/business/ey-cyprus-organised-the-2nd-annual-corporate-reporting-insights-event
EY Cyprus organised the 2nd Annual Corporate Reporting Insights event held on 16 December 2022, at Lemon Park Nicosia, with the participation of senior executives from Cypriot and multinational corporations. The event focused on the major shift underway in recent years, as emphasis moves from financial to corporate reporting. ...
