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121. Hellenic Bank posts impressive 2023 profit of €365.4 million

Hellenic Bank reported a substantial profit of €365.4 million for the year 2023, marking a significant upswing from €21.8 million in 2022. The Return on Tangible Equity (ROTE) for 2023 soared to 28.7%, a stark contrast to the 2.0% recorded in 2022....

122. Bank of Cyprus posts nearly half a billion euro profit in 2023

Bank of Cyprus reported a robust profit of €487 million for the fiscal year 2023, as announced by Group CEO Panicos Nikolaou during the presentation of the bank's financial results....

123. ECOMMBX Teams Up with NBA Sensation Sasha Vezenkov in a Groundbreaking Partnership

In an electrifying announcement that has the sports and business worlds abuzz, ECOMMBX is thrilled to unveil NBA star Sasha Vezenkov as its new brand ambassador. This dynamic partnership marks a significant milestone in ECOMMBX's journey, symbolizing an era of unparalleled excitement and growth....

124. Lidl Cyprus invests €450,000 in employee appreciation program

Lidl Cyprus rewards the collective effort and contribution of its team, by granting additional cash benefits totalling €450,000....

125. Skip the roses, go for the gyro bouquet instead

In a culinary twist that has captured the hearts and appetites of romantics in Heraklion, Crete, one souvlaki restaurant has taken Valentine's Day celebrations to delicious new heights with a savory creation: the Pita Gyro Bouquet....

126. Cyprus to roll out 10-second euro transfers across banks

Over the next 18 months, Cyprus is poised to revolutionize money transfers, promising seamless transactions within 10 seconds from bank to bank....

127. Iconic Andy's Pizza bids farewell after 54 years

A beloved Nicosia restaurant, Andy's Pizza, renowned for its 54-year legacy, will close its doors as of March 1, transitioning into a new chapter....

128. Boeing faces setback as 737 Max jets require rework due to mis-drilled holes

Boeing is facing a new setback in the production of its 737 Max jets, as approximately 50 undelivered planes will require rework due to a manufacturing problem. ...

129. Macan sets new standards: the first all-electric SUV from Porsche

130. Virgin Atlantic flight forced to stop due to missing parts of the wing

A Virgin Atlantic flight from Manchester to New York faced a last-minute cancellation as a vigilant passenger discovered faulty bolts on the plane's wing. ...

131. Cyprus secures €40M boost for green energy storage

The Republic of Cyprus has secured €40 million from the Just Transition Fund for energy storage facilities, addressing the inflexibility of its electricity system in storing excess energy from renewables....

132. Cyprus backs UN resolution condemning Houthi attacks on Red Sea shipping

The Cypriot registry seems to remain unaffected for the time being by the latest developments in the Red Sea......

133. The plague of the Cyprus port industry

Cyprus holds a pivotal role as a major trading hub and a crucial maritime center, leveraging its strategic geographical position and island status to foster maritime transport development. ...

134. Wizz Air forced to pay £1.2m in compensation

Thousands of passengers have scored a significant victory against budget airline Wizz Air, as the Civil Aviation Authority (CAA) reveals a landmark compensation payout of £1.2 million....

135. 'One Stop Shipping Centre' launched to boost competitiveness

The One Stop Shipping Centre has set sail in Cyprus, marking a significant development for the Cypriot shipping industry. Launched by the Deputy Ministry of Shipping under the President of the Republic,...

136. Houthi strikes send prices soaring in global trade

In recent weeks, the developments in the Red Sea, with the Houthi attacks on commercial ships and their impact on global trade, have dominated the discussions of suppliers with their partners....

137. Putting the new Macan through its paces in the name of performance and efficiency

Porsche is putting the prototype of the all-electric Macan through an exacting and gruelling test programme to prepare the follow-up to the successful SUV for its upcoming world premiere. ...

138. FT: Loose parts detected on grounded 737 max jets

United Airlines and Alaska Airlines have uncovered loose parts on some grounded Boeing 737 Max aircraft, escalating concerns for the aerospace giant following a recent mid-air incident. ...

139. Christmas shopping sees supermarket surge, clothing decline

Christmas shopping in Cyprus saw contrasting results, with supermarkets experiencing a better turnout compared to the previous year, while clothing and footwear shops faced a decline, except for children's gifts....

140. Navigating the festive frenzy

The government is grappling with significant challenges in managing and addressing the housing needs of its building stock....

141. Businesses to cut greenhouse gas targets by 10%

Businesses revise climate targets as reality of long-term sustainability transformation hits. Sustainability progress plateaus as short-term pressures and external forces hit CSO agenda....

142. Cyprus and the porn industry: High-tech hub exposed

For many years, the Republic of Cyprus, due to its art visa law, served as a hub for white flesh trafficking....

143. Tesla recalls over 2M vehicles following autopilot safety concerns

In response to safety concerns related to its Autopilot system, Tesla is initiating a massive recall, impacting more than 2 million vehicles across its entire model range....

144. 23andMe data breach exposes genetic profiles of millions

Genetic testing company 23andMe disclosed a significant data breach, initially stating that 0.1% of its customers, approximately 14,000 individuals, had their personal data compromised. ...

145. Digital, more luxurious, more efficient: the new Panamera

Porsche revamps the Panamera: the third generation of the sporting luxury sedan is characterised by a wider range of digital features, a fresh and expressive design and a broader spectrum between dynamic performance and driving comfort. ...

146. Critical student bus routes axed due to safety directive

In a directive, the Ministry of Transport, Communications, and Works has announced that starting Monday, December 4, 2023, buses lacking a specific automatic engine fire extinguishing system are prohibited from operating routes....

147. City of Dreams Mediterranean faces bumpy start with 181 job losses

In a stark indicator of the challenges facing the Limassol casino-resort, the recent dismissal of 181 employees reveals significant issues four months after its grand opening. ...

148. Black Friday blues as HSBC goes down on biggest sales day of the year

On Black Friday, thousands of HSBC customers in the UK reported difficulties accessing mobile banking services, causing disruptions for those seeking to make purchases amidst retailer discounts. Downdetector, a website tracking service, recorded over 4,100 complaints regarding the malfunctioning banking app....

149. Investors pull $956M from Binance after CEO resigns amid legal woes

In the aftermath of Binance CEO Changping Zhao's resignation and guilty plea, investors withdrew approximately $956 million from the cryptocurrency exchange within the last 24 hours. ...

150. 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....