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151. Iconic cosmetics brand shuts down US operations

The Body Shop, a UK-based cosmetics company known for its natural, sustainable, and cruelty-free products, has officially ceased all operations in the United States and is set to close numerous Canadian stores as part of a bankruptcy filing....

152. Oscars 2024: Unforgettable moments, surprises, and triumphs

The 96th annual Academy Awards unfolded with a mix of laughter, tears, and a touch of unpredictability. Here are the key highlights that left audiences buzzing:...

153. Christodoulides' talk of inclusion: Did actions match his words?

Last week, President Christodoulides attempted to address the declining popularity he faced after a year of governance marked by individual crises and a premature reshuffle. ...

154. Unemployment rate drops while inflation inches up

The latest data from the Cyprus Statistical Service reveals a positive shift in the country's economic landscape, with the unemployment rate falling to 5.9% in the fourth quarter of 2023, compared to 6.9% in the same period the previous year....

155. KEDIPES preps for major loan sell-off, boosting Cyprus banks

In a strategic move to streamline its assets, KEDIPES is gearing up to offload a second batch of performing loans, hot on the heels of its €58 million deal with the Bank of Cyprus....

156. President's ''fireside chat'' with chosen few unveils triumphs and controversy

In an interchannel interview held to evaluate the first year in office, President of the Republic Nikos Christodoulides commenced proceedings a few minutes after 20:30. ...

157. Turkey's February inflation hits 67.07%, raises policy concerns

Turkey's annual inflation rate surged to 67.07% in February, surpassing expectations and sustaining pressure for a stringent monetary policy. Finance Minister Mehmet Simsek acknowledged that inflation would remain high in the coming months due to base effects and the delayed impact of previous rate hikes....

158. Christodoulides reflects on his first year in office

On the anniversary of completing one year in office, President Nicos Christodoulides is set to present his inaugural report tonight, detailing the progress made since his inauguration in the areas of Cyprus, the economy, and internal governance....

159. Deposit rates down, mortgage rates up

Deposit interest rates dropped in January, whereas lending rates rose except interest rates for consumer lending, according to data published by the Central Bank of Cyprus....

160. The €623 million windfall from Cyprus' shipping industry

Kathimerini reporter Andreas Karamitas dives into the heartbeat of Cyprus' economy - the shipping industry. In a revealing exploration, discover how this vital sector pumped a staggering €623 million into the real economy solely through ship management in 2023. ...

161. Central Bank predicts 2.2% GDP growth in 2023

The Central Bank of Cyprus (CBC) expects GDP growth of 2.2% in 2023, compared to significant growth of 5.1% in 2022, while for the years 2024-26 it expects GDP growth of 2.6%, 3.1% and 3.2%, respectively....

162. One year in: Challenges mount for President Nikos Christodoulides

In today's Sunday edition of Kathimerini, journalist Marina Economidou delves into the intricate dynamics of President Nikos Christodoulides' first year. ...

163. US senators allow F-16 sale to Turkey despite concerns

US senators declined on Thursday to block the sale of F-16s to Turkey, despite voicing deep disdain for Turkey’s conduct as an ally. They were upholding an unofficial bargain that Turks would get the fighter jets if they stopped blocking Sweden’s accession to NATO....

164. EIB turns down funding for Great Sea Interconnector project

The European Investment Bank (EIB) has declined to finance the Great Sea Interconnector project, linking Cyprus, Greece, and Israel. Kyriakos Kakouris, EIB Vice President, confirmed the decision, stating that no new funding request has been submitted by the Republic of Cyprus....

165. FT: Judge denies Trump's request to delay $450M payment

A New York judge has rejected Donald Trump's request to temporarily halt the state's attorney-general from collecting a $450 million judgment while he appeals a civil fraud ruling....

166. Cyprus hotels secure 2nd spot in European tourist satisfaction

In a report in Kathimerini's Oikonomiki newspaper today by Maria Eracleous, Cypriot hotels experience the highest levels of guest satisfaction during the peak summer months of April to June, with an overall satisfaction index averaging 85% from January to November....

167. Are men about to go extinct?

Scientists have long debated the fate of the Y chromosome, the genetic player in determining male characteristics. Recent research published in Nature suggests that concerns about its disappearance might be overblown, revealing a surprising twist in its evolutionary journey....

168. Cypriots saving less as loan numbers fluctuate

In January 2024, the total deposits in Cyprus reached €51.9 billion, experiencing a net decrease of €366.0 million compared to the previous month....

169. UN expert accuses Israel of starving Palestinians

The UN's top expert on the right to food, Michael Fakhri, accuses Israel of deliberately starving Palestinians, labeling it as both war crimes and genocide....

170. Cyprus' economic mood sours in February

In February 2024, economic sentiment in Cyprus witnessed a decline, with the Economic Sentiment Indicator (ESI-CypERC) dropping by 2.1 points compared to January, according to the University of Cyprus Economics Research Center....

171. What is Nicos Anastasiades afraid of?

According to a report written by Marina Economides and published in Kathimerini's Sunday edition, former President Nicos Anastasiades faces a challenging political landscape following his...

172. Cyprus sees an 18.2% rise in crime cases in 2022

The number of true crime cases reported to the Police rose by 18.2% in Cyprus in 2022, with the Crime Index expressed in 100,000 inhabitants rising to 584 from 501 in 2021 and 482 the year before. ...

173. 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....

174. Cyprus tourism faces headwinds in 2024

According to an article by Maria Eracleous published in Kathimerini's Oikonomiki, the tourism sector in Cyprus is grappling with a challenging start to 2024, primarily attributed to the ongoing conflict in Israel and heightened price sensitivity impacting travel demand....

175. Cyprus economy 2024: Ktrends reveals challenges and successes

Delving into the latest findings from the 6th wave of ''Ktrends'' research by ''Kathimerini'' newspaper unveils a multifaceted picture of Cyprus's economic landscape in January 2024. ...

176. Cyprus sees 2.9% dip in tourist arrivals in January

Tourist arrivals in Cyprus for January 2024 declined by 2.9% compared to the same period last year, with 87,961 arrivals, according to data released by the Cyprus Statistical Service (CyStat)....

177. A tale of two nations, Greece's stability amidst America's unraveling

It’s a strange thing: Greece has become a relatively predictable, politically stable country. I wouldn’t say boring, because we still have a long way to go. At the same time, the United States is no longer the predictable, stable country we used to know....

178. Kato Pyrgos aims to become Cyprus' first energy self-sufficient community

Inspired by the success of the Tilos Project, the first operational renewable energy initiative that achieved energy independence for the island of Tilos, Kato Pyrgos aspires to become the first energy self-sufficient community in Cyprus. ...

179. Cyprus' 3.7% greenhouse gas increase stands out in EU

In the third quarter of 2023, greenhouse gas emissions through economic activity had increased by 3.7% in Cyprus and decreased by 7.1%......

180. Lebanon rejects immediate return of migrants from Cyprus