Search

1861. EAC: Electricity rates to be increased by 24%

The Cyprus Electricity Authority's pricing plans are expected to be approved by the Cyprus Energy Regulatory Authority in the coming days, EAC spokesperson Christina Papadopoulou told CNA on Tuesday....

1862. Cyprus property market growing in number and value

The Cyprus property market is growing while getting pricier, as the number of properties rises by 1.5%, while their overall value increased by 2.2% based on January 2021 prices compared to 2018 data....

1863. World leaders stunned by fatal shooting of Shinzo Abe

The killing of former Japanese prime minister Shinzo Abe on Friday sparked condemnation from political leaders around the world....

1864. A difficult summer

It is widely understood by now that anyone who tries to travel by plane this summer will have their patience and endurance tested....

1865. Investors react positively to Johnson's resignation

The pound jumped 0.5 percent against the dollar, from $1.193 to $1.199, as investors reacted positively to Johnson's expected resignation....

1866. Cyprus makes Russophobia list in Moscow report

Cyprus was among countries listed in a Moscow report on attacks and discrimination against Russians living abroad, with allegations on the island ranging from bullying in schools to stalking, threats of violence and financial sanctions...

1867. Boris Johnson has stepped down

After an acute political meltdown in the U.K., Prime Minister Boris Johnson has resigned as leader of the Conservative Party, setting in motion a race for a new prime minister....

1868. A total of €362.9 million euros in new loans recorded in May

A total of €362.9 million euros in new loans were recorded in May, according to data released by the Central Bank of Cyprus on Tuesday. The increase in new loans is mainly due to both an increase in loans for over €1 million and loans for the purchase of homes....

1869. Australia is exterminating tens of millions of bees to save its honey industry

Tens of millions of bees are being exterminated in a desperate attempt to save Australia's honey industry from a devastating mite plague....

1870. Exness supports technology education in Cyprus through Robotex Platinum sponsorship

1871. Increasing demand for mail-order abortion pills after SC ruling

Telehealth abortion providers have reported a surge in inquiries following the US Supreme Court’s ruling overturning Roe vs Wade, as the rapidly proliferating number of states banning terminations forces more women to turn to mail-order pills to end their pregnancies....

1872. Credit Suisse guilty of money laundering

Credit Suisse has been found guilty and fined for involvement in money laundering related to a Bulgarian drugs ring....

1873. Consumer confidence in the economy deteriorates in June

The economic sentiment in Cyprus deteriorated in July, pushed downwards by weaker business confidence in services, industry and retail trade....

1874. Russia defaults on foreign debt for the first time since 1918

Russia has defaulted on its foreign debt for the first time in more than a century as the country can't pay creditors due to sanctions over the war in Ukraine, according to media reports. ...

1875. EU leaders tackle inflation, energy shocks from Russia’s war

A day after endorsing Ukraine’s candidacy to join the European Union, the bloc’s leaders turned their attention Friday to the severe economic turbulence looming over the coming months as the full impact of Russia’s war sinks in and the threat of recession rises....

1876. The 'Great Resignation' is set to continue worldwide as pressure on pay mounts

The “Great Resignation” will continue apace in the year ahead as one in five workers say they are likely to switch to a new employer in the next 12 months. ...

1877. Can something really come from Nothing?

A consumer electronics start-up called Nothing has secured financing of more than $200mn to launch its debut smartphone, in the first attempt for several years by a newcomer to crack a market dominated by Apple and Samsung....

1878. EY Survey: Energy security concerns reinforce government focus on renewable energy programs

Energy security has risen to the top of government priority lists in the wake of geopolitical instability and spiralling gas prices....

1879. Europe must be prepared for total Russian gas cut-off this winter

The International Energy Agency has warned that Europe must prepare immediately for the complete severance of Russian gas exports this winter, urging governments to take measures to cut demand and keep aging nuclear power stations open....

1880. Only half of Cypriots agree with EU sanctions against Russia

Only 54% of respondents in Cyprus, compared to an average of 80% in the European Union, agree with EU financial sanctions against Russia, according to the European Parliament's spring Eurobarometer findings....

1881. 20 years of the Cayenne: The ‘third Porsche’ – an extraordinary success story

Ferry Porsche predicted it back in 1989: “If we build an off-road model according to our standards of quality, and it has a Porsche crest on the front, people will buy it.” He would go on to be proved right. ...

1882. IOM to assist Cyprus in migrant repatriations

Minister of Interior, Nicos Nouris, and the International Organization for Migration's Regional Director in Brussels, Ola Henrikson, discussed on Monday ways to enhance and increase cooperation between the two parties....

1883. Bank of Cyprus Drives Sustainable Digital Innovation in Financial Services with Kyndryl

Kyndryl, the world's largest IT infrastructure services provider and Bank of Cyprus, the leading banking and financial services group in Cyprus, announced an agreement to expand their collaboration with a new five-year managed IT services program that advances the Bank’s ESG commitments through 2030, by supporting the Bank’s levels of service, giving access and visibility to its products to all stakeholders....

1884. 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....

1885. Central banks across Europe jack up interest rates to fight inflation

Central banks across Europe raised interest rates on Thursday, some by amounts that shocked markets, and hinted at even higher borrowing costs to come to tame soaring inflation that is eroding savings and squeezing corporate profits....

1886. Ferrari to launch its first electric-only car in 2025

Ferrari is aiming for two of every five cars it sells to be fully electric by 2030, as the luxury brand tries to marry the need to reduce emissions with a reputation built on the prowess of its traditional engines....

1887. US Fed raises interest rates by .75%, largest hike in 30 years

The US central bank has announced its biggest interest rate rise in nearly 30 years as it ramps up its fight to rein in soaring consumer prices....

1888. The dilemmas of war and pandemic

Cyprus is a small country with a large export sector of services, which makes it vulnerable to its external environment. An external shock is felt faster and more intensely. ...

1889. 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...

1890. Staff shortages lead to travel chaos at European airports

Even though the COVID-19 travel restrictions have already been lifted in the majority of European Union states, travellers continue facing other inconveniences at European airports....