https://knews.kathimerini.com.cy/en/news/death-toll-reaches-55-in-maui-wildfires-with-more-lives-feared-lost
The death toll from the devastating wildfires on the island of Maui, Hawaii, has now climbed to 55 – as officials warned that the loss of life is expected to rise further....
https://knews.kathimerini.com.cy/en/news/record-surge-in-loan-renegotiations-amidst-rising-interest-rates
Loan renegotiation in the Cyprus banking system spiked to record levels in the first half of 2023, driven mainly by the repeated interest rate hikes by the European Central Bank (ECB) in its effort to tackle soaring inflation....
https://knews.kathimerini.com.cy/en/business/2022-marks-best-real-estate-year-in-14-years
DANOS, a prominent real estate consulting agency, hails 2022 as a remarkable year for Cyprus real estate, breaking through the economic challenges and awakening from the post-COVID stagnation. ...
https://knews.kathimerini.com.cy/en/news/londoners-at-risk-as-average-rents-could-surge-to-£2-700-month-next-year
Average rental costs in London may soar to £2,700 per month next year, new figures from City Hall suggest....
https://knews.kathimerini.com.cy/en/business/boc-reports-€220-million-profit-for-first-half-of-2023
Bank of Cyprus Group has reported a robust profit after tax of €220 million for the first half of 2023, a significant leap from the €43 million recorded in the same period of 2022. Notably, €125 million of these profits were achieved in the second quarter of 2023....
https://knews.kathimerini.com.cy/en/business/italy-surprises-banks-with-40-windfall-tax
Italy's rightwing coalition sent shockwaves through the financial markets as it announced an unforeseen 40% tax on bank profits derived from higher interest rates. ...
https://knews.kathimerini.com.cy/en/business/barbie-smashes-box-office-records-by-crossing-$1-billion-mark
It's one thing to look like a million bucks, and it's another to make a billion. On Sunday, August 6, Greta Gergwig's Barbie officially surpassed $1 billion at the global box office. That's a whole lotta dream houses....
https://knews.kathimerini.com.cy/en/news/the-euroasia-saga-continues
In a statement to ''K'' news, the European Commission expressed its appreciation for the recent signing of the cable purchase agreement for the EuroAsia Interconnector....
https://knews.kathimerini.com.cy/en/news/tourism-sets-record-revenue-with-fewer-arrivals
The latest data on tourism revenues for the month of May has brought encouraging news for the tourism sector, signaling positive effects on the Cypriot economy....
https://knews.kathimerini.com.cy/en/business/pfizer-s-value-sinks-$144b-on-covid-changes
Pfizer has lost $88billion in market share and $144billion in value since its market peak in just one year as the drugmaker suffers a major hangover from the success of its COVID vaccine....
https://knews.kathimerini.com.cy/en/news/strongest-work-from-home-rights-for-australians
Before COVID-19 sent one-third of the global workforce home, the Melbourne property surveyor that employs drone operator Nicholas Coomber called its 180-strong staff into the office every day at 9 a.m. to hand out assignments....
https://knews.kathimerini.com.cy/en/news/dua-lipa-s-levitating-sued-in-court
Dua Lipa’s hit song ‘Levitating’ is back in court....
https://knews.kathimerini.com.cy/en/business/corporate-loans-above-€1-million-surge
The net new loans (excluding restructurings) in Cyprus amounted to €1.73 billion in the first half of 2023, showing a slight annual increase of 1.26%. The continuous interest rate hikes by the European Central Bank significantly slowed down the granting of housing loans....
https://knews.kathimerini.com.cy/en/news/fuel-companies-announce-significant-price-hikes
Looking at the average prices across Cyprus, we found that the average price of unleaded 95 petrol increased yesterday afternoon, Tuesday, compared to the morning, and now stands at 1.5 euros per liter....
https://knews.kathimerini.com.cy/en/business/southern-europe-shines-as-affordable-summer-haven
In an analysis by Allianz Research, holidays in southern European countries retain their cost advantage over other "competitive" summer destinations worldwide, despite rising expenses. ...
https://knews.kathimerini.com.cy/en/news/20-year-old-arrested-for-fake-money
Yesterday, the police made a third arrest in connection with an investigation into the illegal possession and circulation of counterfeit currency and obtaining goods through false representations....
https://knews.kathimerini.com.cy/en/news/government-achieves-€155-5m-surplus-in-2023
Cyprus government's surplus for the first half of 2023 increased to €155.5 million, equivalent to 0.5% of GDP, compared to a deficit of €92.4 million (-0.3% of GDP) for the period of January-June 2022, based on preliminary fiscal results from the Statistical Service of Cyprus.
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https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-elections-end-of-a-political-era
The Intermediate parties are facing survival problems, introspection, and doubts, despite being part of the coalition government....
https://knews.kathimerini.com.cy/en/news/trump-furious-over-misinformation-on-eu-travel-requirements
Recent media misinformation and fake news claiming that American citizens will have to obtain a visa to travel to the European Union in 2024 have reached former United States President Donald Trump....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-witness-€52-3b-growth
Deposits in the Cyprus banking system rose significantly in June totalling €52.3 billion, while liquidity in the banking system amounted to €27.2 billion....
https://knews.kathimerini.com.cy/en/news/paris-revives-seine-swimming-after-century
With a year to go to the Olympics, Paris is in the final phase of a historic clean-up which will soon see swimmers and divers back in the River Seine....
https://knews.kathimerini.com.cy/en/news/uk-cinemas-thrive-with-barbie-and-oppenheimer
Vue International has said it had the biggest weekend for UK cinema ticket sales in four years following the release of Barbie and Oppenheimer....
https://knews.kathimerini.com.cy/en/news/sweden-proposes-tighter-immigration-law
The Swedish government is proposing to tighten the immigration requirements for family members of foreign residents residing in the country....
https://knews.kathimerini.com.cy/en/news/farewell-to-an-icon-legendary-singer-tony-bennett-passes-away-at-96
Renowned performer Tony Bennett, known for his unique interpretations of the "Great American Songbook," passed away on Friday at the age of 96....
https://knews.kathimerini.com.cy/en/news/are-famagusta-restaurants-pricing-fairly
The Association of Famagusta Recreation Centres has issued a statement in response to recent reports criticizing the prices of restaurants in the district....
https://knews.kathimerini.com.cy/en/news/greece-tops-billionaires-mediterranean-getaways
Greece is this year's number one destination for billionaires in the Mediterranean, surpassing Italy, which traditionally was their top choice. However, according to the travel planners for the 1%, billionaires no longer want to go to Mykonos....
https://knews.kathimerini.com.cy/en/news/government-s-solar-power-initiative-for-vulnerable-homes
The government is currently working on the installation of free solar power systems for vulnerable individuals....
https://knews.kathimerini.com.cy/en/business/24-year-old-awarded-$18-8m-in-lawsuit-over-talc-based-baby-powder
A 24-year-old man in California was awarded $18.8 million on Tuesday in his lawsuit against Johnson & Johnson, in which he blamed talc in the company's baby powder for giving him cancer....
https://knews.kathimerini.com.cy/en/business/npl-crisis-highlights-tug-of-war-between-borrowers-and-legislation
The concealment, or "camouflage," of non-performing loans (NPLs) in commercial banks before 2013 and their subsequent explosion have been, and may continue to be, the most significant challenge for the Cypriot economy. ...
https://knews.kathimerini.com.cy/en/business/euroasia-interconnector-secures-record-breaking-contract
Paris-based Nexans will undertake the construction and installation of the High Voltage Direct Current (HVDC) Cable Systems, marking a significant milestone in the EuroAsia Interconnector project. ...
