https://knews.kathimerini.com.cy/en/business/turkish-inflation-surges-to-nearly-80
Turkish inflation rose to a fresh 24-year high of 79.6% in July, data showed on Wednesday as the lira’s continued weakness and global energy and commodity costs pushed prices higher, though the price rises came out below forecasts....
https://knews.kathimerini.com.cy/en/news/russian-dissident-in-cyprus-cries-foul-over-poster
An anti-Putin activist in Cyprus believes Russians were probably behind a publicity stunt in Limassol over the weekend, when a poster in public view portrayed him and eight others in what was described as a threat against antiwar Russian dissidents...
https://knews.kathimerini.com.cy/en/news/two-arrested-over-fake-cocaine-planted-by-police
SBA Police are investigating a cocaine shipment from Greece to Cyprus after two men under surveillance were arrested while trying to retrieve drugs that turned out to be fake cocaine planted by cops in Athens during a ship container inspection...
https://knews.kathimerini.com.cy/en/business/foreign-direct-investment-in-europe-a-game-of-two-halves-current-volatility-impacts-strategy-while-long-term-appeal-instills-confidence
Europe’s attractiveness for FDI has shown signs of recovery following the COVID-19 pandemic with a 5% increase in the number of projects announced in 2021 compared to 2020, according to the latest annual EY European Attractiveness Survey....
https://knews.kathimerini.com.cy/en/news/public-rooting-for-hybrid-cat-detained-at-limassol-zoo
Public support came pouring in over the weekend for a woman and her Savannah cat, which is being detained at the Limassol zoo over safety concerns, with social media users shocked that her request to take the animal to the vet was initially rejected...
https://knews.kathimerini.com.cy/en/news/russia-sending-money-to-turkey-for-the-$20-billion-akuyo-nuclear-plant
A Russian state-owned company is transferring money to a subsidiary that’s building a $20 billion nuclear power plant on Turkey’s Mediterranean coast, alleviating concerns the project could be delayed by war sanctions....
https://knews.kathimerini.com.cy/en/news/cyprus-chevron-aphrodite-tactics-irk-israel
A gas field dispute between Cyprus and Israel over a tiny portion, with which the island nation hopes to buy out its neighbor, went in deep water this week after Nicosia and Chevron preannounced plans for Aphrodite despite a decade-long unresolved issue still pending between the two nations...
https://knews.kathimerini.com.cy/en/business/the-us-has-plunged-into-recession
The US has plunged into recession as soaring inflation hammers the world’s largest economy....
https://knews.kathimerini.com.cy/en/news/two-arrested-in-suspected-racial-attack-in-nicosia
Nicosia police are investigating a possible racially-motivated attack downtown last Friday, with two young men arrested over the weekend after a foreign national said he was assaulted as he was walking home from work...
https://knews.kathimerini.com.cy/en/news/cypriot-officers-fly-to-germany-to-bring-groom-back
Cypriot police officers traveled to Germany this week to pick up a marriage fraud suspect, who is believed to have fled the island where his wife was recently recognized as a trafficking victim in an ongoing criminal case...
https://knews.kathimerini.com.cy/en/news/italy-s-pm-resigns-spelling-trouble-for-europe
Italian prime minister Mario Draghi has resigned, ending a national unity government formed to tackle unpopular reforms and spelling trouble for Europe at a time of acute economic challenges....
https://knews.kathimerini.com.cy/en/business/wfh-epidemic-blamed-for-travel-chaos-across-europe
The CEO of Qatar Airways has blamed the chaos at airports on a work-from-home "epidemic," Reuters reported on Monday....
https://knews.kathimerini.com.cy/en/business/construction-projects-decline-as-prices-soar
Activity in the construction sector in Cyprus continues its decline in the first quarter of 2022, amid soaring prices, data released on Tuesday by the Statistical Service of Cyprus show....
https://knews.kathimerini.com.cy/en/news/sri-lankan-president-flees-country-amid-devastating-economic-crisis
Sri Lankan President Gotabaya Rajapaksa fled the country on Wednesday and hundreds of protesters stormed the prime minister's office demanding his ouster, as a people's uprising over a devastating economic crisis overwhelmed security forces....
https://knews.kathimerini.com.cy/en/news/two-local-youths-arrested-after-geri-gang-attack
Two young men were arrested Tuesday night in Geri, where police officers responding to a call saw a gang damaging a burning car, whose owner says he and his buddies were ambushed by men holding wooden bats and knives...
https://knews.kathimerini.com.cy/en/news/men-work-7-5-years-longer-in-cyprus-compared-to-women
The expected average duration of working life for 15-year-olds in the EU was 37.9 years in Cyprus in 2021, above the EU average of 36.0 years, according to data released by Eurostat, the statistical service of the EU....
https://knews.kathimerini.com.cy/en/news/police-keep-tight-lid-on-sex-trafficking-case
Police continue to keep a tight lid on a sex trafficking investigation, with prosecutors filing a case against a male suspect after two other men have been accused of seeking services from a woman described as a possible victim...
https://knews.kathimerini.com.cy/en/news/paphos-police-confirm-cid-probe-in-commando-death
Investigators from Paphos’ Criminal Investigation Department are probing the death of a commando who jumped in the water from a helicopter during the shooting of a promo video, with reports saying they are focusing on footage to ascertain the aircraft’s maneuvers but also asking the army for audio recordings during the fatal mission...
https://knews.kathimerini.com.cy/en/news/herodotou-interest-rates-should-be-increased-gradually
The Governor of the Central Bank of Cyprus, Constantinos Herodotou, said he was in favor of the ECB gradually increasing key interest rates while keeping its options open, stressing that the European Central Bank should consider the impact of each increase and act accordingly....
https://knews.kathimerini.com.cy/en/news/retail-trade-in-the-grip-of-inflation
The market is under intense pressure due to the inflationary trends of recent months with consumers appearing hesitant on their trips to retail stores. More shoppers are looking for special offers and refraining from impulsive buys....
https://knews.kathimerini.com.cy/en/news/consumer-confidence-in-the-economy-deteriorates-in-june
The economic sentiment in Cyprus deteriorated in July, pushed downwards by weaker business confidence in services, industry and retail trade....
https://knews.kathimerini.com.cy/en/news/drug-squad-chief-suspended-after-warden-complaint
Lack of clarity continued to rule the day in the Republic of Cyprus following allegations against the drug squad chief, who was suspended from duties on Wednesday after the prison warden accused him of illegal activities...
https://knews.kathimerini.com.cy/en/business/new-rules-to-slash-pesticide-use-in-the-eu-by-50
The European Commission proposed on Wednesday legally binding targets to halve the use of chemical pesticides and restore nature across the EU, in an attempt to better protect health and recover plunging wildlife populations....
https://knews.kathimerini.com.cy/en/business/batterygate-millions-of-iphone-users-could-receive-compensation
Millions of iPhone users could be eligible for payouts, following the launch of a legal claim accusing Apple of secretly slowing the performance of older phones.
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https://knews.kathimerini.com.cy/en/news/immigrant-arrivals-will-more-than-double-in-2022
The official data on illegal arrivals in territories controlled by the Republic of Cyprus are alarming. For the first half of 2022, the number of asylum seekers has skyrocketed, compared to 2021, with the current year looking to break a decade's old record....
https://knews.kathimerini.com.cy/en/news/no-drama-diplomat-announces-candidacy
Greek Cypriot chief negotiator Andreas Mavroyiannis announced his candidacy for president in next year’s election in the Republic of Cyprus, saying corruption will remain rampant unless the country is reunited once again into a 'proper state'...
https://knews.kathimerini.com.cy/en/news/man-killed-in-bus-accident-on-highway
A man was killed on the highway after he was struck by a bus south of the capital Wednesday early morning under circumstances that remained unclarified...
https://knews.kathimerini.com.cy/en/news/road-victim-tried-to-flag-down-bus-that-killed-him
New details emerged in a fatal accident investigation involving a bus and a pedestrian on a highway south of Nicosia, with reports saying a foreign male on foot had crossed lanes to wave down the driver...
https://knews.kathimerini.com.cy/en/news/female-tourists-wanted-after-hospital-incident
Police are investigating an incident in Paphos where a situation at the hospital got out of hand after three female tourists described as intoxicated had an altercation with nursing staff and an officer on duty...
https://knews.kathimerini.com.cy/en/news/number-of-registered-unemployed-persons-drops-by-over-66-in-may
The number of unemployed persons, registered at the District Labour Offices registered a steep drop in May declining to 10,586 persons, marking an annual reduction of 66.2%....
