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691. Gov't officials submit asset declarations: Who holds the most valuable property?

The deadline for submitting the Asset Declarations by members of the new Government, as provided by legislation, ends today, Thursday, April 27th....

692. 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....

693. The nose knows: AI app helps identify lost dogs through their nose prints

A South Korean startup has developed an AI-based app that scans your dog’s nose print and places it into a crowdsourced database that anyone can access to identify the owner of a lost dog....

694. E-kalathi: Your digital tool for smart shopping

Based on the timeline, the implementation of e-kalathi, the new digital platform for monitoring retail product prices, is expected to take place around early 2024....

695. Bill for 'e-Kalathi' product price comparison app submitted for Cabinet approval

The bill for the implementation of a digital tool that enables daily information on retail prices and product comparisons is ready for submission to the Cabinet....

696. Washington targets Russian enablers in Cyprus

A US list further curbing Russia’s access to the international financial system through facilitators and their businesses includes Cypriot nationals and Cypriot businesses...

697. Government continues measures to counter inflationary pressures

The government of Cyprus has decided to continue measures aimed at countering inflationary pressures, including an extension of a subsidy on electricity consumption and a reduced excise tax on fuel....

698. Three major concerns of ECB regarding Cypriot banks

Although Cypriot banks have made great progress over the last decade, foreign supervisors have reservations and summarise their concerns in three areas....

699. Higher prices for Easter meat: Lamb sees a 25% increase, beef up by 15%

A year ago, reports described Easter dinner as the most expensive in four years. This year's prices are expected to surpass that record, according to the first data from the Easter Price Watch gathered by K and soon to be published by the Consumer Protection Agency....

700. K. Treppides & Co Ltd: Sustainable Finance

Sustainability is the key to a better, healthier, and more viable future as it improves the quality of our lives with the use of natural resources which protect our ecosystem in general. By taking into consideration the three pillars of economic viability, environmental protection, and social well-being, we can preserve the future generations’ needs while, from a corporate perspective, the development of sustainable strategies can lead to a company’s longevity....

701. Deputy Minister of Research discusses efforts to create a modern digital state

Cyprus’ Deputy Minister of Research, Innovation and Digital Policy, Philippos Hadjizacharia, discussed the country's efforts to modernize its public administration and create a digital state at an event in Nicosia....

702. What is the future for banks?

Banks have suffered significantly in the last 15 years. Some have been forced to shut down, while others had to reduce deposits. In some countries, banks have been subject to capital controls, and many have had to change their shareholder structure due to state intervention....

703. Cybersecurity conference calls for collaborative efforts against cyber threats

The Hilton Hotel in Nicosia was abuzz with activity as professionals from the public and private sectors gathered for the Cybersecurity Conference hosted by the American company A10 and organized by SPP Media Events. ...

704. KEAN shares sold: New owners to bring fresh ideas and investments

In a recent development, the shareholders of KEAN have decided to sell their shares to bbf, a company operating in the field of development projects. ...

705. Announcement Appointment of Senior Managers in K. Treppides & Co Ltd

The Management of K. Treppides & Co Ltd is committed to develop leaders who derive from own people and who pursue excellence in the provision of high quality specialised and unique services. We are pleased to announce the appointment of the following members on the Board of Management effective as of 1 April 2023. ...

706. 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....

707. Ethics group says Chat GPT 4 a risk to privacy and public safety

The tech ethics group Center for Artificial Intelligence and Digital Policy is asking the U.S. Federal Trade Commission to stop OpenAI from issuing new commercial releases of GPT-4, ...

708. Is it the beginning of the end of the gender pay gap?

Imagine you are Anna, a dedicated and hardworking engineer with a passion for your work. You've spent years honing your skills and made a significant contribution to your company's success....

709. Keravnos urges banks to restructure loans and keep rates low

Cyprus Finance Minister Makis Keravnos has urged banks to restructure loans, maintain low lending rates and bank charges, and increase deposit rates in light of continued basic rate hikes by Central Banks. He warned that otherwise the government "would make different thoughts."...

710. Tax evaders beware of what you post on social media

According to a report in the Sunday edition of realnews.gr, the Greek Government plans to identify hidden income earned by individuals and companies that conduct business online. ...

711. High prices continue to plague the market

712. One in two Cypriots considers it easy to start a business

Approximately one in two Cypriots considers it easy to start a business in Cyprus, according to the Global Entrepreneurship Monitor (GEM) Cyprus Report 2021/2022...

713. 1 billion euros from the EU for Turkey's reconstruction

Ursula von der Leyen, President of the European Commission, and Ulf Kristerson, Prime Minister of Sweden, who holds the EU Council presidency, are hosting a donors' conference in Brussels today to raise funds and coordinate aid to those affected by the earthquakes in Turkey and Syria....

714. Credit Suisse borrows more than $50 billion from Swiss National Bank

Credit Suisse’s shares soared 30% on Thursday after it announced it would move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank, bolstering confidence as fears about the banking system moved from the U.S. to Europe....

715. HSBC buys failed Silicon Valley Bank in bid to stem fallout

Governments in the UK and the U.S. took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down....

716. Digital app to compare product prices in the works

Following the withdrawal of the Household Basket proposal in Cyprus, the Consumer Protection Service is now promoting the preparation of a bill for the implementation of a digital tool that will enable the daily comparison of retail prices of products....

717. Investigation into understaffing in the tourism industry is imminent

The start of the summer travel season is anticipated to occur around the end of March or the beginning of April, along with the reopening of hotel facilities that were closed during the winter....

718. Criticism grows as Europe pushes to restrict cars in cities

In an effort to ease traffic congestion and curb greenhouse gas emissions causing climate change, municipalities from Barcelona to Brussels have embarked on what has been called a “transportation revolution.”...

719. Toblerone forced to change logo due to its un-'Swissness'

The most famous mountain in Switzerland is no longer appropriate for Toblerone to use on its packaging. Due to its decision to relocate a portion of its production to the Slovakian capital, Bratislava, this year, US company Mondelez, ...

720. The who's who of the Christodoulides government

On Monday afternoon (27/02), Nikos Christodoulides, the country's new leader, unveiled his new administration. Read the detailed biographies of the individuals who make up the new government....