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1561. 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. ...

1562. Ben Stiller to Zelensky, 'You are my hero'

Actor and humanitarian envoy Ben Stiller met in Ukraine with refugees and officials including President Volodymyr Zelensky on Monday as part of his visit to the region on World Refugee Day....

1563. What is Turkey up to?

This summer, for the first time in many years, the omens concerning Greek-Turkish relations are particularly gloomy. There are many objective reasons why Turkey causing a heated incident is not the most likely scenario;...

1564. 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....

1565. Consulco brought together London and Limassol

An excellent dialogue took place during the hybrid conference ''Resilient Cities: London and Limassol'' organized by Consulco, on Thursday 16 June 2022 between London and Limassol, where speakers from Cyprus and Britain exchanged views on the two cities and their development. ...

1566. 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....

1567. Wooing migrant millionaires

Greece is becoming a top destination for wealthy migrants, as it is expected to welcome 1,200 “millionaire immigrants” this year....

1568. 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....

1569. Gaston Taratuta from Argentina named EY World Entrepreneur Of The Year™ 2022

Gaston Taratuta, Founder and CEO of Aleph Group, Inc. was named EY World Entrepreneur Of The YearTM 2022 at an award ceremony held in Monte Carlo on Thursday, June 9....

1570. 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. ...

1571. 110,000 monkeypox vaccines set to be shipped to the EU

The European Union has reached an agreement for the purchase of 110,000 monkeypox vaccines, the Commissioner for Health and Food Safety, Stella Kyriakidou announced....

1572. Palestinian leader drops by Nicosia

The Palestinian leader embarked on an official visit to the Republic of Cyprus this week, just days after Washington restored a line of communication with him and while energy talk in the region continues...

1573. 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...

1574. Russia will free up Ukrainian ports to allow grain exports

Russia and Turkey on Wednesday voiced support for the creation of a safe maritime corridor in the Black Sea so Ukraine can export grain to global markets amid an escalating world food crisis....

1575. Lavrov in Turkey to discuss plans to ship Ukrainian grain

Russian Foreign Minister Sergey Lavrov is due to hold talks Wednesday with Turkish officials on a plan that could allow Ukraine to export its grain through the Black Sea to global markets amid an escalating food crisis....

1576. 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....

1577. Nouris: Over 150,000 migrants expected this year in southern Europe

Mediterranean countries on major migrant routes into Europe expect over 150,000 arrivals this year as food shortages caused by the Ukraine conflict threaten a new migration wave from Africa and the Middle East....

1578. 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....

1579. No end in sight to weekly price hikes in fuel

Increases in fuel prices are taking place almost on a weekly basis, according to gas station owners. ...

1580. Nicos Anastasiades to convene National Council meeting on June 9th

President Nicos Anastasiades has decided to convene a National Council meeting on Thursday, June 9th to discuss the latest developments in the Cyprus issue and the increasing inflationary pressures on the economy, Government Spokesperson Marios Pelekanos said on Friday in a written statement....

1581. Global IPO market experiences significant slowdown in Q1 2022

1582. Bank of Cyprus used car auction on the 7th of June

The Bank of Cyprus is once again holding an auction for used cars. See the list below with prices and click on the links for additional information....

1583. Cablenet and Plume fast tracking the intelligent home evolution in Cyprus

Cablenet, a leading Telecommunications provider in Cyprus, today announced the start of a new era in intelligent home services. ...

1584. 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....

1585. 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....

1586. Cyprus ready for monkeypox outbreak

Cyprus’ Health Ministry on Friday announced it has prepared protocols for monkeypox after the rising numbers of infections globally, since the beginning of May....

1587. President determined to tackle corruption

President of Cyprus Nicos Anastasiades stressed the government's determination to decisively tackle corruption, promote transparency and accountability and consolidate the rule of law, in a meeting on Thursday with the President of the OSCE Parliamentary Assembly, Margareta Cederfelt, at the Presidential Palace....

1588. RICS Cyprus Property Price Index with KPMG in Cyprus announces results of Q1 2022

KPMG in Cyprus announces that the “RICS Cyprus Property Price Index with KPMG in Cyprus” has been issued for Q1 2022...

1589. Iceland 'outhorsing' replies to work emails (video)

Iceland has trotted out a service that lets horses reply to work emails when you’re on holiday....

1590. Russia ready to allow ships with food to leave Ukraine in exchange of lifting sanctions

Russia is ready to provide a humanitarian corridor for vessels carrying food to leave Ukraine, in return for the lifting of some sanctions, the Interfax news agency cited Russian Deputy Foreign Minister Andrei Rudenko as saying on Wednesday (25 May)....