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541. The end of an era as Revlon files for bankruptcy

The US cosmetics group Revlon has filed for bankruptcy protection after battling supply chain problems and failing to compete with celebrity-backed and social media-savvy upstarts....

542. The 15 branches of Bank of Cyprus that are closing

The restructuring plan will go ahead by July 4 - There will be 60 left while it will also reduce ATMs...

543. MAP S.Platis Group Pioneers 32-Hour Work Week for Staff This Summer!

Following the success of its hybrid and flexible work schedule during the past two years, MAP S.Platis Group, a leading consulting, educational, and tech firm in the financial services and regulatory compliance sector in Cyprus, announces the launch of a four-day work week for its staff via its ‘Summer Afternoons’ programme....

544. President vows to carry on Zeta’s legacy

Cyprus President Nicos Anastasiades bade farewell on Friday to Labor Minister Zeta Emilianidou, who passed away on Monday after suffering a cerebral aneurysm in May, noting that despite her achievements she remained humble, humane, a respectable lady and that he feels proud of her work...

545. 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. ...

546. New Research Shows What’s Driving Resilience and Regeneration in Today’s Global Family Businesses

Annual report from KPMG Private Enterprise and the STEP Project Global Consortium highlights how emotional attachment to one’s organization and the ability of next-gens to take risks and experience life outside the family business are critical elements of future business success....

547. Why are we all working so hard?

The idea that technology can liberate us from the drudgery of work is a powerful one. It has also been a powerful disappointment, at least so far....

548. KPMG and CIM offer two scholarships

Corporate social responsibility and support to the community are both fundamental and guiding principles in KPMG Cyprus. ...

549. Mykonos' DK Oyster Bar in legal hot seat for overcharging

Two American tourists are taking legal action against a Greek beach bar after it charged them more than £500 for two drinks and a plate of crab legs....

550. Blood Donation Day

In support to the Nicosia General Hospital blood bank and as part of its CSR initiatives, KPMG in Cyprus organised a blood donation day at its premises at Nicosia, on 31 May. ...

551. Europol sex trafficking probe lands Cypriot farmer in prison

An elderly farmer in Cyprus was sentenced to ten years behind bars in a sexual exploitation case, after a joint law enforcement operation with Europol led to the discovery of at least two victims in the island’s agricultural sector...

552. Awards for Lidl Cyprus Human Resources Department

Once more, Lidl Cyprus proves to be a leading employer, constantly evolving and innovating while always remaining focused on people! At the 2021 Digital Marketing Awards ceremony, Lidl Cyprus received 4 awards as a result of the company's activities as Top Employer...

553. Shock and anger after gunman opens fire at Texas primary school

The United States is in shock after a shooting massacre at a school in Texas that left 19 students and two teachers dead....

554. Four-day workweek being piloted in Cyprus

A four-day workweek is being piloted in the Republic of Cyprus, with a big accounting firm on the island testing the waters of better work-life balance this summer...

555. Bank of Cyprus to reduce its employees by 500 in 2022

556. 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?...

557. Greece experiencing significant staff shortages at hotels

Greek hotels are looking to fill 55,000 positions this summer, during what is expected to be a very busy season, according to hoteliers....

558. Petrides: 'Things will be difficult in the coming years'

The government will continue supporting households, especially the vulnerable, amid rising inflation, Finance Minister Constantinos Petrides said, warning that tackling inflation is difficult due to its structural nature amid the Ukrainian crisis....

559. Tax incentives for businesses looking to relocate to Cyprus

The Cypriot government on Tuesday approved a bill with tax incentives aiming to attract talent and promote headquartering in Cyprus, in line with the Strategy for Attracting Businesses for Activities and/or Expansion of their Activities in Cyprus approved by the Council of Ministers in October 2021....

560. Bodies found in Lake Mead renew interest in Vegas mob lore

Las Vegas is being flooded with lore about organized crime after a second set of human remains emerged within a week from the depths of a drought-stricken Colorado River reservoir just a 30-minute drive from the notoriously mob-founded Strip....

561. Labor inspections island-wide during the month of May

The Ministry of Labor, Welfare and Social Insurance will be carrying out spot inspections island-wide in May at leisure centers and cafes to combat undeclared labor and to ensure that businesses are complying with basic labor laws, the Ministry announced....

562. Op-ed: ESG, DEI and other acronyms and why we need to know about them IMHO*

Quite a few times I found myself receiving messages and having to pause and google search an acronym to understand its meaning. I’m sure I’m not alone, and it’s surely not just a Gen X symptom....

563. 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....

564. Furious US Chief Justice confirms leaked draft on abortion rights is authentic

A furious Chief Justice John Roberts has confirmed that the bombshell draft opinion leaked to Politico, in which the Supreme Court’s conservative majority moves to overturn Roe v. Wade, is indeed authentic....

565. 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)....

566. Anastasiades: The protection of employees' rights is a priority

President Nicos Anastasiades on Sunday listed a number of government policies and strategies as well as decisions in favor of laborers, as he addressed an event organized by trade union SEK in honor of Labor Day at the village of Amiantos....

567. 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....

568. Census takers face hostility in Cyprus

Census workers in Cyprus are facing hostile residents during the ongoing campaign, as many citizens say they are worried about their personal information also being collected for sinister purposes...

569. KPMG in Cyprus supports the Pancyprian Volunteerism Coordinative Council’s campaign ''Adopt a Family for Easter''

For yet another year, KPMG in Cyprus has embraced the 8th campaign ''Adopt a family for Easter''....

570. NYC subway station shooting leaves multiple wounded

The New York Police Department confirmed that a shooting took place at a Brooklyn subway station Tuesday morning during peak commuting hours for employees headed into Manhattan....