https://knews.kathimerini.com.cy/en/business/generative-ai-could-automate-300mn-jobs
According to a report in the Financial Times, Goldman Sachs has found that "generative" AI systems such as ChatGPT could lead to the automation of a quarter of the work done in the US and eurozone....
https://knews.kathimerini.com.cy/en/news/saudi-national-bank-president-resigns
The chairman of Saudi National Bank, which was the main shareholder of Credit Suisse before its takeover earlier this month, has resigned, according to a statement published on the Saudi stock exchange....
https://knews.kathimerini.com.cy/en/business/cbc-estimates-gdp-growth-at-2-6-in-2023
The Central Bank of Cyprus (CBC) has marginally upgraded its projections for GDP growth this year citing the slightly improved prospects in the external economic environment and the anticipated lower energy prices, amid the continued war in Ukraine....
https://knews.kathimerini.com.cy/en/news/us-report-harsh-conditions-in-cyprus-prisons
The US State Department's Human Rights in Cyprus 2022 report highlights significant human rights issues in Cyprus. The report states that there were credible reports of harsh conditions in prisons and detention centers, particularly for asylum seekers....
https://knews.kathimerini.com.cy/en/news/herodotus-to-banks-on-restructuring-interest-rates-and-transparency-in-charges
The Governor of the Central Bank, Constantinos Herodotou, emphasized to the Senior Executive Directors of licensed credit institutions the importance of the timely provision of viable restructurings, as well as the assessment of their data regarding the level of their deposit rates....
https://knews.kathimerini.com.cy/en/news/cyprus-scraps-online-migration-appointments-after-scandal
Immigration authorities in the Republic of Cyprus scrapped an online appointment platform on Monday after allegations were made public about agents selling available slots to foreigners for profit and causing months of waiting for those who did not shell out the cash...
https://knews.kathimerini.com.cy/en/news/italy-weighs-in-as-cypriot-fund-goes-after-lukoil-plant
An Israeli-backed Cypriot fund’s deal to buy a Lukoil-owned refinery in Italy is hanging in the balance ahead of a Cabinet meeting in Rome possibly this week, when veto powers would be weighed against energy hub aspirations that could replace Russian gas and put the final nail in the coffin of a proposed EastMed pipeline...
https://knews.kathimerini.com.cy/en/business/trade-deficit-increased-by-163-5-in-january-2023
A large increase was recorded in the trade deficit in January 2023 according to preliminary data published on Monday by the Statistical Service, since the increase in imports was more than three times the increase in exports....
https://knews.kathimerini.com.cy/en/comment/opinion/real-estate-trends-in-2023
Increased inflation, rising interest rates, rising building costs, rising property values, a slight decline in new development approvals, a slight decline to stabilization in the unemployment rate, a slight increase in GDP, and a slight decline in private lending are just a few indicators of the (very) general economic picture....
https://knews.kathimerini.com.cy/en/business/investigation-into-understaffing in-the-tourism-industry-is-imminent
The start of the summer travel season is anticipated to occur around the end of March or the beginning of April, along with the reopening of hotel facilities that were closed during the winter....
https://knews.kathimerini.com.cy/en/news/man-ordered-to-pay-wife-200-000-euros-for-25-years-of-housework
A Spanish court ordered a man to pay his ex-wife 200,000 euros for 25 years of unpaid domestic labor, based on the minimum wage throughout their marriage, court documents showed Tuesday....
https://knews.kathimerini.com.cy/en/news/china-accused-of-cutting-internet-to-taiwan
China has been accused of cutting the internet to one of Taiwan's outlying islands as part of its latest intimidation tactic to force reunification....
https://knews.kathimerini.com.cy/en/news/girls-and-women-make-up-majority-of-domestic-violence-victims
The majority (75%) of victims of family violence, intimate partner violence and abuse of minors in Cyprus are girls and women, based on statistics by the Police Headquarters' Directorate for Vulnerable Persons Affairs....
https://knews.kathimerini.com.cy/en/news/happy-international-women-s-day-let-s-talk-about-men
Every time International Women’s Day approaches, we hear the usual dissenting voices. “Do we really have to celebrate Women’s Day?” followed by “Why don’t we celebrate Men’s Day also?”. The answer is quite simple: We do celebrate Men’s Day, every year on November 19....
https://knews.kathimerini.com.cy/en/news/cyprus-gdp-up-by-5-6-higher-than-eu-or-eurozone-estimates
Cyprus’ gross domestic product (GDP) grew by 5.6% in real terms in 2022, according to a provisional estimate published by the country’s statistical service CyStat on Wednesday....
https://knews.kathimerini.com.cy/en/news/homes-are-getting-harder-to-find-for-ukraine-s-animals
LVIV, Ukraine – The first thing you hear after entering the animal sanctuary in Znesinnya Park near the center of Lviv are the dogs. There are scores of them barking and howling, members of a raucous makeshift orchestra sounding out a discordant opera....
https://knews.kathimerini.com.cy/en/news/576-cases-of-domestic-violence-investigated-in-the-past-year
According to Pafos Assistant Police Director Michael Ioannou, 576 cases have been investigated since the Violence in the Family Unit of the Pafos Crime Detection Department began operations on 15.2.21 until yesterday, 22.2.23....
https://knews.kathimerini.com.cy/en/business/ey-presents-report-on-the-future-of-banking-in-cyprus
The report showcases the importance and contribution of Cypriot banks to the wider economy and society, and identifies current and upcoming challenges and opportunities...
https://knews.kathimerini.com.cy/en/news/the-message-behind-biden-s-historic-visit-to-kyiv
"One year later, Kyiv is holding firm. Ukraine too. And Democracy endures."...
https://knews.kathimerini.com.cy/en/news/many-still-missing-as-death-toll-tops-45-000
More than 45,000 people have been killed in the earthquake that struck Turkey and Syria, and the toll is expected to soar with some 264,000 apartments in Turkey destroyed and many still missing as rescue workers listen for signs of life under the rubble....
https://knews.kathimerini.com.cy/en/news/pwc- 5-2-billion-in-real-estate-transactions in-2022
Transaction volumes in the real estate and land development sector have surpassed those of 2019. According to the most recent PwC Cyprus publication, the total value of transactions in 2022 will reach €5.2 billion,...
https://knews.kathimerini.com.cy/en/news/government-strengthens-its-stance-against-gender-based-violence
Cyprus is taking another step towards strengthening the framework for effective prevention and battling of violence against women, with the approval by the Cabinet of two important proposals....
https://knews.kathimerini.com.cy/en/news/sales-to-foreign-buyers-hit-16-year-high
During January 2023 foreign buyers deposited 594 contracts of sale at Land Registry offices across the island. Moreover, these accounted for 54% of all sales; the first time since 2007 that the number of foreign sales has exceeded domestic sales....
https://knews.kathimerini.com.cy/en/news/death-toll-surpasses-11-000-as-erdogan-visits-quake-ravaged-areas
President Recep Tayyip Erdoğan has visited the region of southern Turkey devastated by this week’s earthquake as the death toll rose above 11,000 and acknowledged that his government faced problems getting aid to victims....
https://knews.kathimerini.com.cy/en/news/top-putin-ally-threatening-to-invade-poland
Ramzan Kadyrov, a key ally of Russian President Vladimir Putin, has begun rattling off threats about attacking Poland after Ukraine....
https://knews.kathimerini.com.cy/en/news/syrian-dad-regrets-tough-stance-on-daughter-s-hijab
A judge in Limassol has sentenced a man from Syria and his wife on assault and psychological violence, following a complaint filed by their daughter who broke the family’s hijab wearing rules...
https://knews.kathimerini.com.cy/en/news/eurostat-cyprus-had-the-highest-stock-of-npl-s-in-2021
In 2021, Cyprus remained the country with the highest stock of non-performing loans (assets) of the general government, at 20.2% of GDP, according to data released by Eurostat, the statistical service of the EU....
https://knews.kathimerini.com.cy/en/news/cbc-household-debt-at-77-of-gdp
The household debt ratio stood at 77% of the Gross Domestic Product (GDP) at the end of September 2022, marking a slight decrease compared to the previous quarter, due to the increase in GDP, according to data published by the Central Bank of Cyprus on its website on Tuesday, in the "Quarterly Financial Accounts" edition, for the reporting quarter ending September 2022. ...
https://knews.kathimerini.com.cy/en/business/herodotou-calls-for-increased-vigilance-to-avert-private-debt-defaults
Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) called for the preservation of fiscal space, as the economic prospects are deteriorating due to Russia’s war in Ukraine....
https://knews.kathimerini.com.cy/en/business/tech-companies-calling-for-employee-naturalizations-after-5-years
Following the 2023 Presidential Elections and the resumption of the meetings of the House of Representatives, ICT companies will begin "pushing" for the right to apply for naturalization after 5 years of residence and work in the Republic of Cyprus,...
