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12° Nicosia,
13 July, 2024
 

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Displaying results 1-30 of 440 matches for query financial risk.

1. Cyprus grapples with energy future amid interconnector debate

https://knews.kathimerini.com.cy/en/news/cyprus-grapples-with-energy-future-amid-interconnector-debate

The Cyprus Energy Regulatory Authority (CERA) has summoned ADMIE, the country's electricity grid operator, for a crucial meeting on July 15 to discuss new data that could potentially alter a decision barring charges to Cypriot consumers ahead of the Great Sea Interconnector project's implementation....

2. Burberry announces hundreds of redundancies following share price drop

https://knews.kathimerini.com.cy/en/business/burberry-announces-hundreds-of-redundancies-following-share-price-drop

British fashion house Burberry is set to make hundreds of redundancies after a significant drop in its share price. The layoffs will primarily affect employees in the UK, according to a report by the Telegraph....

3. Temu, Shein & Ali Express: EU cracks down on Chinese imports

https://knews.kathimerini.com.cy/en/news/temu-shein-ali-express-eu-cracks-down-on-chinese-imports

The European Union is taking steps to clamp down on the surge of low-quality Chinese imports flooding its markets. According to sources speaking to the Financial Times, the EU plans to impose tariffs on cheap products from platforms like Temu, Shein, and AliExpress....

4. CBC to keep dividends low despite bank profits

https://knews.kathimerini.com.cy/en/news/cbc-to-keep-dividends-low-despite-bank-profits

The increased profitability of Cypriot banks, will not affect the supervisory authorities’ views over the necessity to maintain a prudent policy with respect to banks’ dividend payments, the Central Bank of Cyprus said in its annual report for 2023, published on Wednesday....

5. Great Sea Interconnector study outlines benefits July 11

https://knews.kathimerini.com.cy/en/news/great-seat-interconnector-study-outlines-benefits-july-11

The Greek Regulatory Authority for Energy (RAAEU) has made a significant decision regarding the methodology for calculating the regulated revenue......

6. Standard & Poor’s upgrades Bank of Cyprus rating

https://knews.kathimerini.com.cy/en/news/standard-poor-s-upgrades-bank-of-cyprus-rating

Standard & Poor’s (S&P) has upgraded Bank of Cyprus’ long-term issuer rating to BB+, just one notch below investment-grade status, and assigned a positive outlook. This comes shortly after the upgrade of Cyprus’ long-term rating to BBB+, also with a positive outlook....

7. Cyprus to sell €1 billion bond after improved credit ratings

https://knews.kathimerini.com.cy/en/news/cyprus-to-sell-1-billion-bond-after-improved-credit-ratings

The Republic of Cyprus is expediting its return to the financial markets, seeking to leverage recent credit rating upgrades by Fitch and Standard & Poor's......

8. CBC chief warns: Tax on big profits could hurt economy

https://knews.kathimerini.com.cy/en/business/cbc-chief-warns-tax-on-big-profits-could-hurt-economy

The new Governor of the Central Bank of Cyprus (CBC), Christodoulos Patsalides, expressed opposition to a windfall profits tax, which is a tax imposed by governments on companies that have experienced unexpectedly large profits,...

9. 153,000 people struggle with low incomes and high living costs

https://knews.kathimerini.com.cy/en/news/153-000-people-struggle-with-low-incomes-and-high-living-costs

The share of Cyprus' population at risk of poverty or social exclusion remained steady at 16.7% in 2023, according to the Statistical Service of Cyprus (Cystat). This means that approximately 153,000 people in Cyprus are struggling with low incomes and high living costs....

10. Fitch upgrades Cyprus to 'BBB+'

https://knews.kathimerini.com.cy/en/business/fitch-upgrades-cyprus-to-bbb

Fitch Ratings has upgraded Cyprus' Long-Term Foreign Currency Issuer Default Rating from 'BBB' to 'BBB+' with a positive outlook....

11. Israeli settler defies US sanctions, gains community aid to access frozen funds

https://knews.kathimerini.com.cy/en/news/israeli-settler-defies-us-sanctions-gains-community-aid-to-access-frozen-funds

For weeks after being sanctioned by the United States, Yinon Levi struggled to pay the bills, living at his farming outpost atop a hill in the occupied West Bank. But the Israeli settler’s problems didn’t last....

12. Profits soared in Cyprus banking sector in 2023

https://knews.kathimerini.com.cy/en/business/profits-soared-in-cyprus-banking-sector-in-2023

The Cyprus banking sector experienced a significant surge in profitability by the end of 2023, as indicated by key financial indicators from the Central Bank of Cyprus (CBC)....

13. Hackers claim 560M Ticketmaster accounts breached

https://knews.kathimerini.com.cy/en/news/hackers-claim-560m-ticketmaster-accounts-breached

Ticketmaster owner Live Nation confirmed "unauthorised activity" on its database after a group of hackers said they had stolen the personal details of 560 million customers. ...

14. Cyprus wins IMF praise for strong recovery

https://knews.kathimerini.com.cy/en/news/cyprus-wins-imf-praise-for-strong-recovery

The International Monetary Fund (IMF) has praised Cyprus for its robust economic recovery and fiscal discipline, recommending continued efforts......

15. AKEL accused of anti-European populism ahead of elections

https://knews.kathimerini.com.cy/en/comment/opinion/akel-accused-of-anti-european-populism-ahead-of-elections

In the past week, Annita Demetriou presented DISY's positions for the European elections while launching a simultaneous offensive against AKEL....

16. May Newsletter of K. Treppides & Co Ltd: Cyprus Securities and Exchange Commission

https://knews.kathimerini.com.cy/en/business/1-may-newsletter-of-k-treppides-co-ltd-cyprus-securities-and-exchange-commission-european-securities-and-markets-authority

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...

17. Vasilikos: Chinese consortium demanding an additional 200 million

https://knews.kathimerini.com.cy/en/news/vasilikos-chinese-consortium-demanding-an-additional-200-million

The meeting between Cypriot President Nicos Christodoulides and the Chinese Ambassador in Nicosia has dimmed hopes for the completion of the Vasilikos terminal project, according to a report by Apostolos Tomaras in this Sunday's print edition of Kathimerini. ...

18. Resilient CEOs embrace AI, plan for sustainable futures

https://knews.kathimerini.com.cy/en/business/resilient-ceos-embrace-ai-plan-for-sustainable-futures

Two in three CEOs optimistic about revenue and profit growth despite a challenging economic environment....

19. Banks stress need for government support in ESG initiatives

https://knews.kathimerini.com.cy/en/news/banks-stress-need-for-government-support-in-esg-initiatives

Banks are urging a combination of government and regulatory policies to achieve a healthy, effective, and optimal green transition in Cyprus....

20. FT: Law firms turn to AI for cost cutting and efficiency

https://knews.kathimerini.com.cy/en/news/ft-law-firms-turn-to-ai-for-cost-cutting-and-efficiency

Law firms worldwide are increasingly turning to generative artificial intelligence (AI) to streamline operations and reduce costs, with many either......

21. Climate action

https://knews.kathimerini.com.cy/en/news/climate-action

Wopke Hoekstra has been the European Commissioner for Climate Action since 9 October 2023. Before assuming office in Brussels, he held various political positions in the Netherlands and worked in the private sector. ...

22. From gigabytes to watts: Telcos' evolution into energy providers

https://knews.kathimerini.com.cy/en/news/from-gigabytes-to-watts-telcos-evolution-into-energy-providers

Andreas Neocleous is the first CEO of Cyta, Cyprus’ largest telecommunications organization, to have been appointed from the private sector....

23. Foundational principles of sustainable development in Natura 2000 regions

https://knews.kathimerini.com.cy/en/news/foundational-principles-of-sustainable-development-in-natura-2000-regions

Dimitris K. Melissas is a Lawyer and Professor of Public Law at the School of Civil Engineering of the National Technical University of Athens, specializing in Urban Planning Law, Spatial Planning Law and Environmental Law....

24. CEO advocates Green Transition at inaugural Cyprus Summit

https://knews.kathimerini.com.cy/en/news/ceo-advocates-green-transition-at-inaugural-cyprus-summit

In an interview on SPOR FM's ''News Diaspora'' program, Dimitris Lottidis, the founder of the conference and CEO of SPP Media, addressed the urgent climate crisis and the inaugural Green Agenda Cyprus Summit....

25. Banking sector's pledge to environmental transition

https://knews.kathimerini.com.cy/en/news/banking-sector-s-pledge-to-environmental-transition

Eliza has been the Executive Director of Finance since October 2019 and since October 2021 she has been an Executive Member of the Bank of Cyprus Board of Directors....

26. Climate crisis, a health emergency

https://knews.kathimerini.com.cy/en/news/climate-crisis-a-health-emergency

On December 1, 2019, Ms. Kyriakides assumed the role of European Commissioner for Health and Food Safety....

27. The Minister of Agriculture at the Green Agenda Cyprus Summit

https://knews.kathimerini.com.cy/en/news/the-minister-of-agriculture-at-the-green-agenda-cyprus-summit

Dr Maria Panayiotou studied History and Archeology at the University of Cyprus from where she graduated in 2004 with honors....

28. Dr. Nicolas P. Mastrogianopoulos at the Green Agenda Cyprus Summit

https://knews.kathimerini.com.cy/en/news/dr-nicolas-p-mastrogianopoulos-at-the-green-agenda-cyprus-summit

Dr. Nikolas P. Mastroyiannopoulos is the Founding Managing Partner of W11 Ventures. He is a non-executive director on the Board of Directors of the Green Energy Group in Limassol, and the CIM Business School in Nicosia Cyprus and the Chairperson of the Techisland Health Cluster Committee....

29. Research and innovation initiatives towards climate neutrality

https://knews.kathimerini.com.cy/en/news/research-and-innovation-initiatives-towards-climate-neutrality

Alexandros Charalambides is an Associate Professor in the Department of Chemical Engineering at the Cyprus University of Technology, a member of the board of directors of EAC, ...

30. Why Cyprus has the edge in Hydrogen technology

https://knews.kathimerini.com.cy/en/news/why-cyprus-has-the-edge-in-hydrogen-technology

George Pechlivanoglou studied mechanical engineering (BSc) and completed the MSc in renewable energy technology at the University of Oldenburg, Germany....

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