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331. Hertz orders 100,000 Tesla cars

Hertz Global Holdings Inc., placed an order for 100,000 Teslas in the first step of an ambitious plan to electrify its rental-car fleet,...

332. ALPHAMEGA VIRTUAL RUN AS ONE 2021: Registration is now open!

The most fun running event of Cyprus returns for a second year in a row with a virtual edition, which allows us to run for our kids from every part of Cyprus! This year, ALPHAMEGA VIRTUAL RUN AS ONE 2021 will be held between 22 and 31 October 2021....

333. Apple slashes IPhone 13 production by as much as 10 million units

Apple may have to slash its production of IPhone 13 by as much as 10 million units, according to Bloomberg News....

334. The City of London Is Hiding the World’s Stolen Money

In 1969, two years after the Cayman Islands, a British territory, passed its first law to allow secretive offshore trusts, an official government report struck an ominous note....

335. Thousands of property assets in Greece are up for auction

The Greek property market is about to welcome a host of new offerings as the companies that manage loans secured on properties either for banks or the funds that have acquired them are resuming online auctions in large numbers....

336. Cypriot minister picks tax battle on Twitter

Cypriot Finance Minister Constantinos Petrides lashed out at critics this weekend, saying his country was in favor of setting a global minimum tax for corporations despite not having signed on the dotted line...

337. Outage highlights how vital Facebook has become worldwide

In Lima, Peru, the breakdown complicated dental technician Mary Mejia’s job. Like most Peruvian medical workers, she uses WhatsApp for a multitude of tasks, including scheduling appointments and ordering crowns....

338. EY presents the 17th CFO Management Forum and the CFO Awards 2021

EY has proudly sponsored the 17th CFO Management Forum and 5th CFO Awards, which were held on Tuesday, September 28th at the Nicosia Hilton....

339. EY reports global revenues of US$40b in 2021 and outlines record US$10b investment plan over next three years

EY announces combined global revenues of US$40b for the financial year ended June 2021 (FY21), an increase of 7.3%, a solid result given the global economic impact caused by the COVID-19 pandemic. ...

340. Global CEO confidence returns to pre-pandemic levels

CEOs of the world’s largest businesses are increasingly optimistic about the outlook for their own business and despite the Delta variant slowing down the ‘return to normal’, their confidence in the global economy has returned to levels not seen since the start of the pandemic....

341. EY: CEOs understand transformation cannot be put off following COVID-19 pandemic

More than two-thirds (68%) of CEO respondents from the world’s largest companies say that they plan to take on a major investment in data and technology over the next 12 months, while 61% plan to undertake a major transformation initiative over the same period, according to the global EY CEO Imperative Study 2021. ...

342. Legal departments face challenges in transformation efforts

Legal departments across the globe are facing a mounting list of operational challenges as they look to transform in the wake of complex digital and regulatory change, according to the 2021 EY Law Survey, which was conducted in collaboration with the Harvard Law School Center on the Legal Profession...

343. Family businesses in Europe fared better in response to COVID-19

For businesses of all types, the first impact on the pandemic was felt on revenues. 64% of European family businesses reported initial revenue losses compared to 69% of family businesses globally, 25% managed to maintain their revenue levels, and 11% experienced increases...

344. EU ready to claw back stolen funds

The European Public Prosecutor’s Office goes to work next week, after the Council gave the green light this week for the first supranational independent agency to begin investigating and prosecuting crimes against the EU budget...

345. Threedium sets sights on US market: A Cyprus Success Story in the Making

In April of 2017, five ambitious tech enthusiasts fresh out of university, of whom two were Cypriot, had a vision: to bridge the gap between online and in-store experiences by building a solution that would help customers better understand and evaluate the products they were browsing to buy...

346. EY Firepower 2021: life sciences M&A falls to one of lowest totals since 2014

EY Firepower 2021: life sciences M&A falls to one of lowest totals since 2014, as biopharmas refocus on alliances and bolt-on deals...

347. 2021 KPMG CEO Outlook Pulse Survey

348. Cyprus keeps Carnival spirit alive amid Covid-19

Carnival is usually the highlight of the year for Cyprus, when residents let loose in bizarre and colorful costumes, joyfully dancing and celebrating during the Mediterranean island nation’s biggest annual party scene....

349. Analysis: The Cyprus issue today

Over the past 30 years, Turkey, and its friends in the society of nations, sought, and partially succeeded, in obscuring the importance of the Cyprus issue’s international dimension, that is the Turkish invasion and the illegal occupation of the island. The aim was to present the Cyprus issue as a one-dimensional, internal affair that exclusively concerns the relations and the rights of the two communities, Greek- and Turkish-Cypriots....

350. Turkey eyeing Cyprus’ natural resources

Ahead of the informal five-party conference on the Cyprus issue early next month, Turkish Foreign Minister Mevlut Cavusoglu stressed Tuesday that the most important issue is the way in which the island’s natural resources are shared, unveiling Ankara’s ultimate goals in the region....

351. Policy priorities unaffected by pandemic, FinMin says

Despite the crisis of the Covid-19 pandemic Cyprus’ economic policies remain the same, targeting macroeconomic and financial stability, prudent fiscal policies, and establishing a competitive, business-friendly regulatory environment of high standards, Minister of Finance Constantinos Petrides said on Thursday....

352. Dueling small parties help pass budget

The House in the Republic of Cyprus approved a revision of the government’s 2021 state budget on Thursday, following a month of consultations between the administration and small opposition parties that offered additional amendments to the bill...

353. Cyprus tourism revenue drops by 85.1% in first ten months of 2020

The Cyprus tourism sector marked an 85.1% drop in revenue over the first ten months of 2020, data released by the Cyprus Statistical Service (CyStat) on Wednesday show. ...

354. KPMG survey shows biodiversity-related risk remains under-reported

While it is notable that 80% of the world’s 250 largest companies now report on sustainability, biodiversity-related risk remains significantly under-reported by the global business community...

355. EAC crucial to Cyprus' energy reform, energy minister says

The role of the Electricity Authority Cyprus is crucial to both the implementation of the energy reform in Cyprus and the joint effort for sustainable economic development, which must now be interconnected with green energy, energy minister Natasa Pilides said, addressing an online press conference during which the EAC presented its annual report for 2019. ...

356. Network resilience in a post-pandemic world

While telcos have largely risen to the challenge of withstanding a surge in network demand during the COVID-19 pandemic, pressure to maintain infrastructure resilience and expand reach emerges as the most pressing sector challenge...

357. Lidl Cyprus celebrates 10th anniversary

A press conference dedicated to the 10th anniversary of its operation was carried out by Lidl Cyprus on Tuesday, November 10, in a virtual environment and in the presence of institutions and representatives of the media...

358. Fresh total lockdown out of the question for Cyprus govt

Finance minister Constantinos Petrides on Monday strongly refuted the possibility of Cyprus entering a second lockdown, such as the one it was plummeted into in March as a result of the outbreak of coronavirus....

359. Attorney General calls Auditor ‘to order’

Cypriot Attorney General George Savvides issued a stern warning on Saturday, calling to order the state’s auditor general over his insistence on examining specific golden passport case files linked to a casino project on the island...

360. Cyprus records deficit of €800 million in Q2

Cyprus General Government posted a deficit of €800 million in the period of April – June 2020 compared to a surplus of €140 million in the respective period of last year, according to data released today by the Cyprus Statistical Service (Cystat)....