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2311. KPMG survey: companies see climate change as financial risk but disclosure quality must improve

56% of the world’s 250 largest companies (G250) now acknowledge climate change as a financial risk to their business in their corporate reporting, according to a new KPMG International survey, which also revealed that the quality of climate-related risk disclosures among these companies needs to improve...

2312. Cypriot gets vaccinated in Moscow

A business executive from Limassol living in Russia says he was given the Sputnik V shot for COVID-19, making him the first ever Cypriot known to have been vaccinated against the novel coronavirus...

2313. Trump okays Biden transition

After weeks of waiting, President Donald Trump’s administration on Monday cleared the way for President-elect Joe Biden to transition to the White House, giving him access to briefings and funding even as Trump vowed to continue fighting the election results...

2314. Cyprus, Slovakia FMs discuss Turkey's regional behaviour

Turkey’s escalating provocations in relation to Varosha, as well as in Cyprus’s EEZ and maritime zones, were the focus of discussions in Nicosia on Monday between the Cyprus Foreign Minister Nicos Christodoulides and the Minister of Foreign and European Affairs of the Slovak Republic Ivan Korcok....

2315. Protesters defy ban on peaceful assembly

Harsh words against the police and a handful of arrests marred the weekend in Paphos and Limassol, after small numbers of protesters and riot police came face to face on Saturday over the right to protest in public...

2316. Israeli medical complex coming to Cyprus

A huge undertaking in Cyprus’ medical industry has been announced, with a local company saying they reached an agreement with Israel’s Hadassah Medical to set up a network of hospitals offering diagnostic, rehabilitative, and assisted living care on the island...

2317. Cyprus experiencing excessive macroeconomic imbalances

The European Commission said Wednesday that Cyprus continues to face excessive macroeconomic imbalances, particularly in view of the country’s very high percentage of non-performing loans that continue to plague the financial sector, but also in light of high private sector, government, and external debt....

2318. KPMG says it will be net zero carbon by 2030

KPMG announced its intention to become a net-zero carbon organisation by 2030, as part of its continued focus on delivering growth in a sustainable way and providing climate solutions for member firms, clients and society...

2319. Highways clog as authorities issue travel ban specifics

The health ministry on Friday clarified that 12 categories of people are exempted from the travel ban enforced on the Limassol and Paphos districts until the end of the month, but said that as of next Wednesday, November 18, each person wanting to get through the roadblocks will have to show proof of a negative coronavirus test taken no more than seven days prior....

2320. Elusive businessman with Cyprus ties pops up

The whereabouts of elusive Russian hedge fund manager German Lillevali, who was linked to a flurry of companies in Cyprus after he became a resident, are no longer a mystery after reports that he was detained in the US on an immigration violation but released due to overcrowding amid the coronavirus pandemic...

2321. Support schemes added to fight lockdown consequences

Alongside the tough restriction measures that came into effect on Thursday, additional support schemes were announced by the ministers of finance and labour in a bid to cushion the inevitable economic blow....

2322. Partial lockdowns on Limassol, Paphos, migrant camps

The health minister Constantinos Ioannou announced stricter measures late on Wednesday night, with restrictions to be even harsher in the Limassol and Paphos districts that have developed into the epicentres of the island’s recent pandemic flare-up....

2323. 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...

2324. Pfizer, BioNTech say their Covid-19 vaccine is more than 90% effective

Pfizer Inc on Monday said its experimental vaccine was more than 90% effective in preventing Covid-19 based on initial data from a large study, a major victory in the fight against a pandemic that has killed over 1 million people, roiled the world’s economy and upended daily life....

2325. Government unleashes new bundle of support measures

Along with the new restrictions imposed to curb the recent spike in coronavirus cases, the labour minister Zeta Emilianidou said Thursday that the Cyprus government agreed on a new batch of support measures budgeted between 130 and 150 million euros....

2326. Cyprus tightens restrictions, imposes 11pm curfew

In a national address on Wednesday night, the Cyprus President Nicos Anastasiades said the government was obliged to take tough decisions for stricter measures as the island was no exception to Europe’s second coronavirus wave, before the health minister stepped in to outline the new measures that come into effect on Thursday....

2327. COVID-19 calls for digital technology investments in oil and gas

Ninety percent of oil and gas executives agree that investments in technology and workforce are essential to surviving current market conditions, according to a new EY survey...

2328. Zara's online store in Cyprus goes live today

Zara launches online sales in Cyprus today. With this launch, Zara is marking a new milestone in the steady expansion of its fully integrated store and online model across the universe of markets in which the Inditex Group does business....

2329. Over 200,000 tonnes of plastic leaking into the Mediterranean each year

A new IUCN (International Union for Conservation of Nature) report finds that an estimated 229,000 tonnes of plastic is leaking into the Mediterranean Sea every year, equivalent to over 500 shipping containers each day. Unless significant measures are taken to address mismanaged waste, the main source of the leakage, this will at least double by 2040. ...

2330. Appointment of Directors, Principals, Senior Manager in K. Treppides & Co

The Management of K. Treppides & Co Ltd committed to develop leadership that derives from its own people, who pursue excellence in the provision of high quality specialised and unique services, is pleased to announce the appointment of the following members into the Board of Management with effect 1 October 2020...

2331.  EY announces the win of three 2020 Microsoft Global Partner of the Year Awards

2332. Police fire shot after graffiti arrest

A police officer fired a warning shot on Monday night in Limassol, after a gang of hooded young men tried to interfere with a graffiti-related arrest...

2333. 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....

2334. 5G wars over Cyprus rage on

The Chinese Embassy in Cyprus accused Washington over the weekend of “openly coercing” Nicosia and other allies into keeping out Chinese companies in setting up 5G networks...

2335. 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...

2336. Expert concerned over cases at private hospitals, businesses

Member of the government’s health advisory committee Dr Petros Karayiannis raised the alarm on Friday over the large numbers of new coronavirus cases being detected among employees of private sector establishments such as hospitals, universities, banks, and companies....

2337. MPs reject dissolution of parliament amid passports scandal

After officially electing AKEL MP Adamos Adamou as the new House President following the resignation of Demetris Syllouris amid intense backlash against his involvement in the recent golden passports scandal, MPs on Thursday debated on whether parliament should be dissolved making way for early elections, with the proposal eventually rejected with 26 votes in favour and 30 against....

2338. Cyprus turns back clock this weekend

People in Cyprus will get an extra hour of sleep Sunday morning, as clocks will fall back to winter time on Saturday after midnight, marking the end of Daylight Saving Time...

2339. Cyprus tightens restrictions as virus flares

The health ministry tightened its grip on the island in a bid to slow down the recent extreme flare-up of the virus that has sent daily new cases into three-digit numbers....

2340.  KPMG's Vasiliou first Chairman of Cyprus-Australia Business Association

The Cyprus Chamber of Commerce and Industry (CCCI) announced the launch of the Cyprus - Australia Business Association, aiming to further promote, expand and encourage business relations between Cyprus and Australia...