https://knews.kathimerini.com.cy/en/news/suez-canal-blockage-and-south-china-sea-clashes-threaten-global-trade
Although the pandemic-induced disruptions in global supply chains have eased and water flow in the Panama Canal has improved, new threats to international trade have emerged....
https://knews.kathimerini.com.cy/en/news/world-s-largest-solar-farm-approved-australia-to-export-energy-to-singapore
Australia has approved a $13.5 billion (A$20 billion) solar project that aims to transmit energy from a massive solar farm in the country's Northern Territory to Singapore via a 4,300-kilometer (2,672-mile) undersea cable.
...
https://knews.kathimerini.com.cy/en/news/ukraine-passes-law-to-ban-russia-linked-church
Ukrainian lawmakers on Tuesday passed a law banning the activities of a Russia-affiliated branch of the Orthodox Church, marking a significant break with an institution Kyiv has accused of aiding Moscow's invasion of Ukraine.
...
https://knews.kathimerini.com.cy/en/news/cypriot-banks-slash-eurosystem-funding-by-€2-6-billion
Cypriot banks have almost zeroed funding from the Eurosystem via the Targeted Long-Term Refinancing Operations (TLTRO), with the latest data by the Central Bank of Cyprus (CBC) showing repayments amounting to €2.6 billion....
https://knews.kathimerini.com.cy/en/news/ukraine-intensifies-fight-against-illicit-tobacco-trade
The illicit tobacco trade in Ukraine, one of Europe's most prominent black markets for cigarettes, is sending shockwaves through the economies of neighboring countries,...
https://knews.kathimerini.com.cy/en/business/cyprus-finalizes-2025-budget-with-focus-on-export-growth
The Council of Ministers is set to finalize discussions on the 2025 state budget by mid-September, as confirmed by Finance Minister Makis Keravnos. ...
https://knews.kathimerini.com.cy/en/news/lynch-s-co-defendant-killed-in-car-crash-before-yacht-tragedy-in-sicily
Stephen Chamberlain, the former vice president of finance at Autonomy, was struck and killed by a car while jogging on Saturday, just days before his co-defendant, British tech tycoon Mike Lynch, went missing after a yacht sank off the coast of Sicily....
https://knews.kathimerini.com.cy/en/news/british-tech-mogul-mike-lynch-missing-after-superyacht-sinks-in-freak-sicilian-storm
British tech magnate Mike Lynch and five others remain missing after their luxury superyacht sank during a freak storm off the coast of Sicily early Monday, Italian authorities reported. ...
https://knews.kathimerini.com.cy/en/news/the-cypriot-hill-station
"Next Thursday, His Excellency the High Commissioner will depart from here with his family to go to his residence in Troodos for a vacation."(June 25, 1910). ...
https://knews.kathimerini.com.cy/en/news/scientists-find-massive-underground-water-source-on-mars
Geophysicists have uncovered a vast underground ocean beneath Mars' surface, a discovery that may hold significant implications for the search for life on the Red Planet....
https://knews.kathimerini.com.cy/en/news/u-s-approves-$5-billion-sale-of-patriot-missiles-to-germany
The United States has approved the sale of 600 Patriot air defense missiles to Germany, the Pentagon announced late Thursday. The deal is valued at approximately $5 billion (€4.6 billion) and aims to bolster Germany’s national and territorial defense, enhancing its interoperability with U.S. and NATO forces....
https://knews.kathimerini.com.cy/en/news/twitter-hit-with-€550-000-fine-for-firing-worker-over-musk-s-email
Twitter has been ordered to pay a record €550,000 (£470,000) to Gary Rooney, a former senior employee at its Dublin office, after being found to have unfairly dismissed him....
https://knews.kathimerini.com.cy/en/news/google-faces-potential-breakup-over-monopoly-findings
The U.S. Department of Justice is exploring the possibility of breaking up Google following a recent federal court ruling that found the tech giant guilty of violating antitrust laws....
https://knews.kathimerini.com.cy/en/news/wealthy-flee-high-tax-nations-for-new-havens-like-cyprus
A significant wave of wealthy individuals is migrating from high-tax countries, a trend expected to peak this year. ...
https://knews.kathimerini.com.cy/en/news/us-greenlights-$20-billion-arms-sale-to-israel
The U.S. has approved a $20 billion arms sale to Israel, the State Department announced Tuesday. ...
https://knews.kathimerini.com.cy/en/news/paris-bids-farewell-to-olympics-with-stunning-closing-ceremony
The Olympic flame was extinguished Sunday as French swimmer Léon Marchand took one last breath, bringing an end to the Paris Summer Games....
https://knews.kathimerini.com.cy/en/news/no-survivors-after-plane-crashes-in-residential-area-in-sao-paulo
A tragic plane crash in the state of São Paulo, Brazil, has left all 62 people on board dead after the aircraft plummeted into a residential area in the municipality of Vinhedo, local authorities confirmed on Friday....
https://knews.kathimerini.com.cy/en/business/trade-deficit-slashed-by-20-in-2024-amid-falling-imports
Cyprus saw its trade deficit shrink by over 20% in the first half of 2024, according to the latest data from the Statistical Service. The trade deficit, which is the difference between what the country imports and exports, fell to €3.57 billion, down from €4.48 billion during the same period in 2023....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-sees-23-profit-growth-raises-financial-targets
The Bank of Cyprus has announced a 23% increase in its profit after tax for the first half of 2024, reaching €270 million, compared to the same period in 2023. ...
https://knews.kathimerini.com.cy/en/news/dubai-airport-breaks-record-with-44-9m-passengers-in-2024
Dubai International Airport has broken a passenger record for the first half of the year, handling 44.9 million travelers from January to June, an 8% increase from the 41.6 million recorded during the same period in 2023....
https://knews.kathimerini.com.cy/en/news/eu-bolsters-lebanon-with-€1b-aid-package
The European Union has begun political dialogue with the Lebanese government to implement critical reforms, backed by substantial EU funding. ...
https://knews.kathimerini.com.cy/en/news/cyprus-boosts-r-d-funding-by-nearly-20-spending-€138m-in-2023
Cyprus significantly boosted its investment in research and development (R&D) in 2023, with government budget allocations rising by 19.8% compared to the previous year, according to new data from Eurostat. This increase is notably higher than the average 5.3% rise observed across the European Union during the same period....
https://knews.kathimerini.com.cy/en/news/kamala-harris-selects-tim-walz-as-running-mate
Viewed by many as a dark horse candidate, Illinois Gov. J.B. Pritzker has not been selected to serve as Kamala Harris’ running mate. Harris chose Minnesota Gov. Tim Walz as the Democratic Party’s vice-presidential candidate...
https://knews.kathimerini.com.cy/en/news/google-faces-fines-for-spending-billions-on-default-search-engine-deals
A U.S. court has ruled that Google violated antitrust laws by persuading partners to set its search engine as the default on their devices. The fine to be paid by Google will be determined at a later date.
...
https://knews.kathimerini.com.cy/en/business/ft-global-stock-markets-tumble-amid-us-recession-fears
Global stock markets experienced significant declines on Monday as concerns about a potential US recession led investors to abandon risky assets....
https://knews.kathimerini.com.cy/en/news/cabinet-approves-new-fire-prevention-laws
The Cypriot Cabinet approved six revised bills on Monday aimed at strengthening fire prevention measures....
https://knews.kathimerini.com.cy/en/news/cyprus-non-cash-payment-value-hits-€129-billion
Non cash payments in Cyprus in the second half of 2023 rose by 12% year on year to €129 billion with total transactions amounting to 152 million marking an annual increase of 15%, the Central Bank of Cyprus (CBC) has said....
https://knews.kathimerini.com.cy/en/news/sweden-closes-beirut-embassy-relocates-staff-to-cyprus
Sweden said on Saturday it was shutting its embassy in Beirut amid fears the war in Gaza could escalate into a region-wide conflict, after urging thousands of its citizens to leave Lebanon....
https://knews.kathimerini.com.cy/en/news/adnoc-and-bp-engage-in-high-stakes-talks-with-energy-minister
Officials from the United Arab Emirates' Abu Dhabi National Oil Company (Adnoc) and British multinational BP will be in Cyprus today, Friday, for meetings with Energy Minister George Papanastasiou.
...
https://knews.kathimerini.com.cy/en/news/cypriot-and-foreign-investors-keen-on-larnaca-s-€30m-marina-project
Transport Minister Alexis Vafeadis announced significant interest from both Cypriot and foreign investors in the development of the Larnaca marina and port....
