https://knews.kathimerini.com.cy/en/business/binance-s-zhao-steps-down-as-ceo
In a significant development for the cryptocurrency world, Changpeng Zhao, better known as CZ, has announced his resignation as the chief executive officer of Binance....
https://knews.kathimerini.com.cy/en/news/hellenic-bank-rakes-in-€240-7m-in-2023-s-first-9-months
Hellenic Bank announced on Tuesday a profit of €240.7 million for the first 9 months of 2023....
https://knews.kathimerini.com.cy/en/news/dipa-to-slash-red-light-ticket-costs
For what is provided in the bill submitted before the Transport Committee of the House of Representatives to adjust the prices of fines from the fixed cameras, spoke to 'K,' the MP of DIPA, Marinos Mousiuttas....
https://knews.kathimerini.com.cy/en/comment/opinion/controversial-billboards-stir-emotions
Take a drive along any Cypriot highway and you’re confronted with billboard images of Israeli women and children kidnapped by Hamas terrorists on 7 October. ...
https://knews.kathimerini.com.cy/en/business/consumers-asked-to-roll-with-it-as-toilet-paper-surges-and-fresh-fish-takes-a-dive
In October, the cost of toilet paper surged by 17.4% compared to September, while fresh fish prices experienced a corresponding decrease of 17.4%, as per the Consumer Protection Agency's Consumer Price Watch report. ...
https://knews.kathimerini.com.cy/en/news/house-plenary-votes-on-teleworking-bill-what-s-at-stake
In a decisive move, the House plenary convened this afternoon to cast their votes on a groundbreaking teleworking bill, aiming to establish a robust framework for regulating working conditions in the evolving landscape of remote employment....
https://knews.kathimerini.com.cy/en/news/cyprus-seizes-5-000-illegal-meds-in-pangea-operation
The fear of social stigmatization among our fellow citizens regarding diseases such as mental illness, HIV/AIDS, and erectile dysfunction is being intentionally exploited....
https://knews.kathimerini.com.cy/en/news/a-deep-dive-into-food-waste-solutions
A third of all food produced is never eaten, meanwhile millions go hungry. What can be done? Here are six simple solutions to food waste....
https://knews.kathimerini.com.cy/en/news/paphos-court-breaks-new-ground-with-landmark-ruling-on-house-collapse
In a groundbreaking decision, the Paphos District Court recently ruled on a case involving a house collapse in the village of Armos, Paphos District, due to subsidence. The court awarded the plaintiffs 256 thousand euros, covering the purchase price of the house, along with interest and costs....
https://knews.kathimerini.com.cy/en/comment/opinion/abraham-s-tinderbox
I’ll begin by clearly condemning Hamas and its terrorist thugs and express grief at the horrors inflicted on innocent Israeli civilians on 7 October....
https://knews.kathimerini.com.cy/en/business/master-the-art-of-black-friday-shopping
As the Black Friday tradition, originating in the 1960s in the United States, ushers in the Christmas shopping season, Cypriots face unique economic challenges....
https://knews.kathimerini.com.cy/en/news/syrian-applicant-triumphs-in-citizenship-appeal
In a recent legal development, a Republic of Cyprus citizenship appeal by a Syrian-born individual of Turkish Cypriot origin proved successful....
https://knews.kathimerini.com.cy/en/news/nations-unite-for-a-tobacco-free-tomorrow
There is a growing number of countries implementing measures to curb smoking, to eradicate the habit in future generations. Portugal, Canada, Australia, France, New Zealand, Mexico, and the UK are among those taking steps to create a smoke-free generation....
https://knews.kathimerini.com.cy/en/news/hiv-patients-denied-care-forced-to-halt-medication
In 2023, although HIV is no longer contagious, HIV-positive patients in Cyprus continue to face marginalization and social exclusion when taking medication....
https://knews.kathimerini.com.cy/en/news/will-black-friday-s-shopping-basket-be-lighter-this-year
The November market outlook differs this year....
https://knews.kathimerini.com.cy/en/business/eurozone-economic-snapshot-november-13-2023
Inflation in the Eurozone, which stood at 10.6% in October 2022, has decreased to 2.9% in October 2023, sparking optimism among central bankers....
https://knews.kathimerini.com.cy/en/news/elizabeth-mccaul-unveils-hidden-financial-dangers
A strong signal highlighting the need for closer scrutiny of non-bank financial institutions comes from Frankfurt, as Elizabeth McCaul, a member of the European Central Bank's Supervisory Board, emphasizes the potential risks....
https://knews.kathimerini.com.cy/en/news/minister-unleashes-4-boost-for-retirees
In a significant move to enhance the well-being of pensioners, Labor and Social Insurance Minister Yiannis Panayiotou declared a nearly 4% increase in basic pensions for the upcoming year....
https://knews.kathimerini.com.cy/en/news/central-banks-across-europe-hold-firm-amidst-rate-cut-speculations
Europe's top central bankers have affirmed that despite market expectations for a reduction due to weakening growth, interest rates will persist at elevated levels. ...
https://knews.kathimerini.com.cy/en/news/why-astrobank-and-cdb-bank-couldn-t-agree-on-a-price
The deal between Astrobank and CDB Bank fell apart over a few million euros, even though they had given a "reason" and had agreed on the price in September 2023....
https://knews.kathimerini.com.cy/en/business/cyprus-banks-bracing-for-profit-squeeze-according-to-moody-s
Moody's believes that Cyprus' small and saturated banking sector, the banks' limited loan portfolio, and low fee and commission income will restrict opportunities for growth in domestic banks' activities and profitability in the long term....
https://knews.kathimerini.com.cy/en/news/a-decade-ago-amazon-launching-drones-for-parcel-deliveries
Exactly a decade ago, Amazon revealed a program that aimed to revolutionize shopping and shipping. Drones launched from a central hub would waft through the skies delivering just about everything anyone could need....
https://knews.kathimerini.com.cy/en/news/greek-government-s-€85-4m-move-shakes-aegean-airlines
Aegean Airlines on Monday announced that the Hellenic Republic submitted notification of its intention to exercise the rights granted by all the warrants it holds concerning the company’s shares on November 3, 2023....
https://knews.kathimerini.com.cy/en/news/new-4p-a-day-drug-to-benefit-300-000-women-in-fight-against-breast-cancer
A new breast cancer drug will be offered to almost 300,000 women in what has been hailed as a ‘major step forward’ to help fight the illness....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-and-hellenic-bank-upgraded-by-fitch
Fitch Ratings has delivered significant upgrades to the two largest Cypriot banks, Bank of Cyprus and Hellenic Bank, signaling a positive turn in Cyprus's economic landscape and a bright outlook for both financial institutions....
https://knews.kathimerini.com.cy/en/business/two-week-lifeline-as-aphrodite-negotiations-extend-amid-deadlock
With the deadline for Chevron's proposal on the ''Aphrodite'' reservoir set to expire on Sunday, November 5, negotiations between the Republic of Cyprus and the consortium of ''12'' (Chevron, Shell, NewMed) led by the American giant for the development of the reservoir seem to remain in a deadlock. ...
https://knews.kathimerini.com.cy/en/news/fitch-upgrades-hellenic-s-long-term-rating-to-bb-with-stable-outlook
In a recent announcement, Fitch Ratings raised Hellenic Bank's long-term rating from "BB-" to "BB+" and assigned a stable outlook to the bank. The agency also upgraded the bank's Viability Rating (VR) to "bb+" from "bb-."...
https://knews.kathimerini.com.cy/en/news/schools-kickstart-a-c-installations-in-major-upgrade
The installation of air conditioners in schools is beginning, as announced by Government Spokesman Konstantinos Letibiotis during a regular journalist briefing. ...
https://knews.kathimerini.com.cy/en/business/ppc-becomes-new-owner-of-kotsovolos-in-€200-million-deal
In a significant development, PPC, the Greek energy company, has emerged as the new owner of the popular retail brand "Kotsovolos." This transition was facilitated through a deal with the British group Currys, valuing the acquisition at €200 million, entirely free from loans and lease obligations....
https://knews.kathimerini.com.cy/en/news/reduced-fuel-and-heating-oil-prices-come-into-effect-today
The excise tax on fuel and heating oil in Cyprus has been reduced by 8.33 and 6.39 cents per litre, respectively, as announced by the government on October 19....
