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1351. Thomas Cook crash is dry run for Brexit failures

Social historians will mourn the demise of the world’s oldest travel company, founded by a Baptist carpenter in northern England in 1841; their corporate counterparts will not. With more than 500 high street outlets, Thomas Cook demonstrated a stunning inability to adapt to changing travel habits. The rise of budget airlines and disruptors like Airbnb combined with the weak pound and the unusually hot summer of 2018 to kill off the company which had suffered a near-death experience in 2011. ...

1352. Cyprus hotels to take a €60 million hit as thousands stranded by Thomas Cook collapse

Officials at the Deputy Ministry of Tourism are scrambling to ascertain the impact of the collapse of Thomas Cook on the Cypriot hotel industry. ...

1353. Week starts calm, rain on the way

A weak, low pressure system is moving into the area over Cyprus with temperatures on a slight downward trend and midweek rain in the forecast...

1354. Authorities dismantle trailer park in Akamas

About 30 camper trailers were removed from an Akamas camping site in the dead of night, following a decision by local authorities that say they want to restore law and order...

1355. Greek corporations rush to issue bonds amid record low yields

The easing of Greek state bond yields to record lows has opened the way to international markets for major Greek corporations too, as they can now take the opportunity to reduce their cost of borrowing. ...

1356. The next six months are crucial

Since July’s general election, there has been a sense of optimism regarding the country’s course, especially in business circles, inside and outside of Greece. As we learn in the first lessons in economics, climate is everything. At the moment, we have a winning combination of trust and euphoria...

1357. President launches Exandas portal in a bid to enhance transparency

The implementation of 767 development projects, with a total cost of more than 2.7 bln euros, as well as the progress in implementing 321 government policies, reforms and national strategies are outlined in “Exandas”, the new internet portal launched on Friday by Cyprus President Nicos Anastasiades. According to officials, 92.17% of the projects listed is expected to be completed by 2023. ...

1358. Brussels piles on pressure over Greece-Cyprus-Israel electricity cable

Just when the Greek Energy Minister thought he could take a short August break, after a hectic first 30 days of the Mitsotakis administration, a stern warning from Brussels has exposed the wavering attitude that Athens has chosen by succumbing to pressure from the Chinese-controlled transmission system operator ADMIE over the Attica-Crete subsea electricity cable...

1359. Britain's LSE seals $27 billion Refinitiv deal to create data giant

London Stock Exchange has agreed to buy financial information business Refinitiv in a $27 billion deal, it said on Thursday, in a move to transform the British company into a market data and analytics giant. ...

1360. Greece approves cut on property tax, eases arrears payment

The Greek parliament approved an across-the-board reduction of a deeply unpopular property tax on Tuesday, fulfilling an election pledge of new prime minister Kyriakos Mitsotakis....

1361. Nicosia walls literally coming down

A conservation group has slammed authorities in the north over the partial collapse of the Guerini Bastion, saying it had warned about the conditions of the Nicosia medieval walls but nobody took them seriously...

1362. Britain begins escorting all UK vessels through Hormuz Strait

Britain has started sending a warship to accompany all British-flagged vessels through the Strait of Hormuz, a change in policy announced on Thursday after the government previously said it did not have resources to do so. ...

1363. US removes Turkey from F-35 program after Russian missile purchase

The United States said on Wednesday that it was removing Turkey from the F-35 fighter jet programme, a move long threatened and expected after Ankara began accepting delivery of an advanced Russian missile defence system last week. ...

1364. The benefits of studying with a learning provider

Studying to become an ACCA member is flexible, and it opens up a world of opportunities. With over 500,000 students studying in a variety of ways, we know that flexibility is key to a successful ACCA journey. ...

1365. Bidding for Nicosia bypass begins

The government has issued a public highway tender for the first phase of the long-awaited Nicosia bypass, which is expected to significantly reduce traffic jams in the capital...

1366. The new government, image and symbolism

The first indications from the new government are sending out all the right signals. Tuesday’s handover ceremonies at the ministries confirmed a return to normalcy, after a decade-long crisis that painfully divided the country. Both sides should be given credit for the civilized political discourse that prevailed during the change of guard. It is hoped that this spirit will continue during the debates that are expected to take place in Parliament, not only in the sense of a more sophisticated rhetoric, but also, hopefully, in the approval of some government bills by the new main opposition....

1367. Nicosia bypass closer to the start line

The long-awaited Nicosia bypass on the perimeter of the capital is a step closer to the start line, with reports saying a tender could be announced as early as next week...

1368. ND surges to power, promising change

1369. Deutsche Bank axes 18,000 jobs

1370. The others were Merkel’s puppets, we were just naive

Prime Minister Alexis Tsipras admitted to being naive enough to believe that his European counterparts, whose countries have loaned Greece billions of euros, would go easy on him...

1371. Cyprus’ borrowing cost continues downward trend

1372. Bank culture should change Central Bank Governor says

1373. School fire linked to final exam anger

A fire that broke at a Limassol high school is believed to have been a malicious act not unrelated to frustration over final exam grades...

1374. Prudence and moderation

1375. Electricity prices to rise 5% in June

1376. Cyprus 10-year bond now below 1%

1377.  Aphrodite revenue sharing at 57.1% - 42.9%

1378. Eurobank posts €10 million first quarter profit

1379. Boris Johnson to face court over Brexit comments

1380. Toxic environment

The elections will be over in a few days and base politics will take their place, along with voter abstention after all ballots are counted. But one thing that cannot be measured is the damage to the rapprochement effort caused by this drawn-out argument...