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871. ''Apollo 13'' the flick that fueled Netflix's creation

In 1997, Reed Hastings experienced something familiar to '90s folks. He rented a video tape but forgot to return it, resulting in a $40 charge from the video club. ...

872. China's $10 trillion hidden debt

For some time now, markets have been buffeted almost on a daily basis by gloomy economic news filtering out of China....

873. Fuel prices surge once again. Diesel up 5 cents, unleaded 95 rises 3 cents

As August draws to a close, fuel prices are on the rise yet again, signalling increased costs at the pump. The Pancyprian Consumer Protection Association reports that one oil company has already implemented price hikes, with others expected to follow suit in the coming days....

874. Food costs soar, greens up 25.3%, fish dip by 15%

Increases were noted in 32 out of 45 categories of essential consumer products in the Consumer Product Price Monitor for July 2023, according to the Consumer Protection Service....

875. Fuel tax cut to aid low incomes

The association called "Equality" is requesting a reduction in fuel taxes through a letter addressed to the Minister of Finance, Makis Keravnos....

876. Hotel employees get wage boost

The Council of Ministers convened earlier today to address key labor-related matters. One significant decision that emerged from the meeting was the approval of a higher minimum wage threshold for the hotel industry,...

877. Do secret chip labs help Huawei avoid U.S. sanctions?

Huawei Technologies Co is building a collection of secret semiconductor-fabrication facilities across China to let the company skirt U.S. sanctions, a Washington-based semiconductor association has warned, Bloomberg News reported on Tuesday....

878. Eurobank acquires 17.3% stake in Hellenic Bank for €167.9 million

The Eurobank has agreed to acquire an additional stake of around 17.3% (equivalent to 71,428,572 shares) in the Hellenic Bank at a total price of 167.9 million euros, or 2.35 euros per share. ...

879. Easylyzi to buy Kotsovolos

The company Easylyzi is considering the acquisition of Kotsovolos. Easylyzi offers a comprehensive PaaS platform connecting businesses and consumers to a wide range of products on a subscription basis....

880. Transport and storage grow by 22.3%

During the second quarter of 2023, the business activity index in the transportation and storage sector reached 154.4 units, indicating a growth of 17.3% compared to the same period in 2022....

881. Brexit: 7,000 finance Jobs moved overseas

Dublin, Frankfurt and Paris are vying for a share of the financial services markets once dominated by London....

882. Cyprus inflation drops from 10.6% to 2.4%

The annual inflation rate in Cyprus was 2.4% in July 2023 (dropping from 2.8% in June 2023 and from 10.6% in July 2022), while also dropping to 5.3% in the eurozone (from 5.5% in June and 8.9% in July 2022), and to 6.1% in the EU (from 6.4% in June and 9.8% last year), according to figures published by Eurostat, the statistical office of the European Union....

883. Eurobank secures full control of Hellenic with Pimco share acquisition

Eurobank has successfully acquired all shares of Pimco in Hellenic Bank for €167.9 million, equivalent to €2.35 per share, solidifying its position as the predominant shareholder....

884. High-tech centers personalizes scans with AI

Diagnostic tests are a crucial factor in seeking medical care as they provide doctors with a well-informed view of the patient's condition....

885. City of Dreams Mediterranean partners with Cablenet

886. Are Cyprus's leaders failing amidst territorial crisis?

The occupying authorities are taking control of a part of the dead zone in the Arsos-Pyla area to build a road to "improve access for their citizens living in Pyla....

887. Taylor Swift's tour spreads goodwill to food banks

Economists told CNN recently that Taylor Swift’s Eras Tour is becoming such a massive phenomenon that it’s having demonstrable impacts on the US economy at large, but it’s not only stadium venues, record labels, and ticket vendors benefiting....

888. Fattal Group acquires Grand Resort Hotel

The Israeli hospitality conglomerate, Fattal Hotel Group, is continuing its expansion in Cyprus by acquiring the five-star GrandResort hotel in Limassol, according to an announcement by Invest Cyprus. ...

889. Cost of living up as prices show increase of 2.4% in a year

In an announcement on its official website, CyStat shared that the cost of living, or how much things cost, has gone up in Cyprus. ...

890. Money blues: Why's the economy going South?

"Currency developments validate predictions made some time ago. The high interest rate environment will be a new reality accompanying us for several years," former Minister of Finance Constantinos Petrides stated in a post on the platform 'X'....

891. Investment fund assets surge by almost €1 billion in 2023

Total assets of investment funds in Cyprus increased almost by a billion in June 2023 compared to December 2022....

892. Cyprus faces deceleration amid inflation and rising rates

Cyprus' economy experienced a slowdown in the second quarter of 2023, prompting inquiries about the situation. According to the preliminary estimate provided by the Statistical Service, ...

893. UK inflation dips to 17-month low

UK inflation eased to a 17-month low in July, official data showed Wednesday, though it also revealed that prices of services, such as haircuts, hotels and restaurants, increased at a faster pace than the previous month. ...

894. Poland's big parade shows readiness

Poland held its largest military parade in decades on Tuesday, in a flex of defensive muscle that comes as tensions rise on the border between the NATO nation and key Russian ally Belarus....

895. Averof Neophytou's tweet to shed light on today's economy

In a recent Twitter post, Averof Neophytou, a well-known figure in politics and a former leader of the Democratic Party, shared his thoughts on the current state of the economy. ...

896. GDP alert: Economic storm brewing?

Former Minister of Finance, Konstantinos Petrides, comments on the GDP results for the 2nd quarter with five observations....

897. Bank of Ireland glitch turns 'no funds' into a cash fiesta

Bank of Ireland is facing a crisis after thousands of customers descended on ATMs yesterday evening attempting to take advantage of a major IT glitch....

898. Sweet success as Cyprus' ice cream exports trend upward

Ice cream exports from Cyprus to non-EU countries have been increasing in the past four years, but remained far from quantities exported in previous years, while at the same time, imports from non-EU countries have been reducing, according to data released by Eurostat, the statistical service of the EU....

899. Cyprus tourism up 32%, upbeat outlook

Tourism in Cyprus has recorded a 32% increase this year compared to last year, according to Deputy Minister of Tourism Kostas Koumis....

900. EuroAsia interconnector loan denied by European Investment Bank

The European Investment Bank will not approve a loan for financing the electricity interconnection project between Cyprus, Greece, and Israel through the EuroAsia Interconnector, as confirmed by a representative from the EIB in an interview with "K" magazine....