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1171. Myth-buster: IFRS 17 an accounting standard for insurance contracts

As the title attests, this short article aims at busting the myth which states that IFRS 17 – Insurance Contracts is only relevant for insurers or for companies regulated as insurance entities. ...

1172. New diabetes drug helps people lose weight

A weekly dose of a medication recently approved by the US Food and Drug Administration to treat type 2 diabetes may help adults without diabetes lose weight as well, a new study found....

1173. Three days of mourning for Zeta Emilianidou

White flowers, a candle and a photo were set in the place of Zeta Aimilianidou during the meeting of the Council of Ministers....

1174. Cyprus objects to airport designation in Turkish-occupied north

Cyprus will lodge a complaint with the United Nations over Turkey’s new financial assistance deal with breakaway Turkish Cypriots that demonstrates Ankara’s “complete control” over them, the president of the ethnically divided island nation said Monday....

1175. Europe agrees to ban 90% of Russian oil

European Union leaders agreed Monday to embargo most Russian oil imports into the bloc by year-end as part of new sanctions on Moscow worked out at a summit focused on helping Ukraine with a long-delayed package of new financial support....

1176. NYT: Deep in Vatican Archives, Scholar Discovers 'Flabbergasting' Secrets

David Kertzer put down his cappuccino, put on his backpack, and went digging for more Vatican secrets....

1177. Monkeypox: 'No need to panic' says Director of Pharmaceutical Services

Acting Director of the Pharmaceutical Services of the Ministry of Health, Helena Panayiotopoulou, has said that there is supportive treatment in the event of a monkeypox outbreak in Cyprus, noting that there is no need for panic....

1178. Op-ed: Three years after the start of GESY, we look back at the vision and the challenges

In a few days, it will be three years since the implementation of the General Health System (GESY) in Cyprus, the largest reform ever carried out in the country....

1179. Kasoulides: 'Corruption a threat to democratic states and multilateralism'

Corruption poses a substantial threat to the foundations of a transparent, accountable and multilateral system and to the very foundations of our democratic states, Cypriot Foreign Minister Ioannis Kasoulides pointed out,...

1180. Op-ed: America has more guns than any other country

America has been shaken — once again — by mass shootings. On May 14, a gunman killed 10 people in a supermarket in Buffalo. On Tuesday, at least 19 children and two adults were killed in Uvalde, Texas. ...

1181. Cyprus justice system ranked worst in EU

The performance of the Cyprus justice system, based on the time it takes to complete court cases, places it at the bottom of the list compared with other European Union member states....

1182. Cyprus scraps unsworn defendant statements in trials

Unsworn defendant statements will be a thing of the past in the Republic of Cyprus, with government officials saying the practice that prevented cross-examination was trouble in the delivery of justice...

1183. EY launches 2022 Better Working World Data Challenge to help tackle biodiversity loss

1184. Op-ed: Grateful = Healthful

If you really think about it, so many of us should be in a perpetual state of gratitude....

1185. The next three days are crucial for Emilianidou

1186. Bioethics Committee in favor of euthanasia under strict guidelines

The Head of the Cyprus National Bioethics Committee Dr. Constantinos Fellas says that euthanasia could be introduced in society as long as it is not taking place unwillingly and that there has to be a strict framework of conditions in place....

1187. Cacophony emerges as Cyprus stalls foreclosure bills

The finance ministry in the Republic of Cyprus is scrambling for new ways to overcome an awkward impasse on two crucial foreclosure bills, after opposition parties blamed the administration for not doing enough to have the European Commission go along with amendments to protect bad loan guarantors...

1188. K. Treppides & Co Ltd: Digitalization of the Global Tax Administration

In the era of the coronavirus pandemic, the digital revolution, and the ever-evolving globalization, the digitalization of the tax administration seems to be a one-way route. But what exactly is the digitalization of the tax administration and how this will affect the tax function around the globe?...

1189. Euthanasia: Six out of ten surveyed in Cyprus agree with legalization

The issue of euthanasia and the need for information and social dialogue in Cyprus were discussed on Monday at a meeting of the Parliamentary Committee on Human Rights....

1190. EU parliament votes to keep EU Digital COVID Certificate in place until June next year

The Parliament of the European Union has given the green light to the Member States to keep the EU Digital COVID Certificate in place until June next year....

1191. Spread of COVID baffles locked-down Shanghai residents

The cases underscore how difficult it is to stop the spread of the highly transmissible Omicron variant as China clings to its zero-COVID policy, perpetuating a cycle of lockdowns, as well as bafflement, anguish and anger....

1192. Cyprus' RCB Bank and its Kremlin ties

On March 24, Cyprus’s fourth-largest bank announced it would wind down its banking operations in the wake of the “volatile geopolitical situation” caused by Russia’s invasion of Ukraine a month earlier....

1193. K. Treppides & Co Ltd: Pillar Two on a Global Minimum Taxation

On 22 December 2021, the European Commission proposed a Directive on the introduction of a minimum effective corporate tax rate of 15% on large multinational enterprise (MNE) groups operating in the European Union (EU)....

1194. EU states divided over Russian oil sanctions

The European Union was preparing sanctions on Russian oil on Monday, with possible exemptions for wary countries, and warned that complying in full with Moscow's proposed scheme to receive gas payments in roubles would breach existing EU sanctions....

1195. Plastic waste could be a thing of the past thanks to a new enzyme

Plastic waste dumped in landfills could be cleared sooner than expected after engineers developed an enzyme that can break it down in just a few hours....

1196. Cyprus is the 1st country in the EU with 100% 5G coverage

Cyta has announced the completion of the pan-Cypriot 5G mobile network that offers state-of-the-art telecommunications services throughout the country, even in its most remote areas. This makes Cyprus the 1st country in the EU with 100% population coverage....

1197. Op-ed: Societies want politicians to listen and change

French President Emmanuel Macron may have won the presidential election, but the message from the electorate is loud and clear: Leaders need to be closer to the societies whose fate they decide....

1198. Facebook, Google, Stripe, Shopify investing a billion dollars in pre-orders for captured carbon

Four gargantuan tech companies have put together a $1.2 billion fund to pull carbon out of the atmosphere with a unique model that could go a long way to preventing 1.5°C of warming....

1199. EY Survey: Growing sustainability risks put pressure on law departments

Law departments around the world are facing a rising tide of risks relating to sustainability, but they do not feel that business leadership fully understands the implications, and they require additional resources to manage them effectively, according to a new study from EY Law and the Harvard Law School Center on the Legal Profession....

1200. Moderna asks US authorization of COVID shots for kids under 6

Moderna Inc. said on Thursday it asked U.S. regulators to authorize its COVID-19 vaccine for children under the age of 6, which would make it the first shot against the coronavirus available for those under 5-years-old....