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2221. 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. ...

2222. 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....

2223. 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....

2224. 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....

2225. 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....

2226. 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....

2227. 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....

2228. 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. ...

2229. 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...

2230. 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....

2231. 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....

2232. Our Shared Values Shine in Our Support for Ukraine

Even before Russia fired the first shots, the United States and European Union member states, including Cyprus, were united in their repudiation of the false pretenses used to initiate the conflict and clear-eyed about the growing danger Ukraine faced...

2233. 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. ...

2234. EY announces 4 new Partners in Cyprus and welcomes new Head of Consulting

EY Cyprus Country Managing Partner, Ronald Attard, has welcomed the announcement of 4 new partners to the Cyprus practice....

2235. The biggest scam in higher education - the master's degree

It's graduation season. Over the past couple of weeks, some 2 million college students have earned their bachelor's degrees and headed off to the next stage of their lives....

2236. 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....

2237. 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....

2238. 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....

2239. Looking for answers

There are many major issues that need to be addressed, many of them divisive, before a new president is to be elected in Cyprus. ...

2240. Cyprus looks to become global crypto hub with new bill

Cyprus is vetting a cryptocurrency “umbrella” bill in a bid to establish the Mediterranean nation as a premier destination for digital asset innovators and companies....

2241. Global IPO market experiences significant slowdown in Q1 2022

2242. Lidl Cyprus strengthens the Cyprus Red Cross for the 9th consecutive year

The amount of €45,500 was raised with the contribution of its customers, from the sales of Favorina products....

2243. Talk of doing good rings hollow among global elite in Davos

If the rich don’t give a bit more today, they may have to give a lot more tomorrow. That was my conclusion from last week’s World Economic Forum in Davos....

2244. 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....

2245. Greece planning major wall extension on border with Turkey

Greek authorities say they are planning a major extension of a wall along the country’s border with Turkey and are seeking European Union financial support for the additional construction....

2246. 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....

2247. 103 million euros in support measures for vulnerable households

Cyprus’ government announced a new package of financial support measures for vulnerable groups of the population, to the tune of 103 million euros on Friday, to offset the impact of inflation and the war in Ukraine....

2248. CBC: Cryptocurrencies are a potential risk to the economy

Losing 26% of its value in the last month, Bitcoin and other cryptocurrencies are in danger of dragging the "real economy" with their unpredictable fluctuations....

2249. Woman says bishop sexually assaulted her as a teen

Former Kition bishop Chrysostomos is facing more sexual assault charges after his acquittal in a rape case last year, with a new female accuser saying he assaulted her when she was seeking orphan aid from the church at the age of 16...

2250. Superyacht in Ayia Napa highlights tourism makeover

A cruise ship offering passengers a luxury yachting experience around the world made a stop in Cyprus’ Ayia Napa over the weekend, with locals highlighting the resort town’s efforts to attract high income visitors as an alternative to tourists balling on a budget...