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1651. 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. ...

1652. Cyprus feeling the effects of Russian flight ban

Cyprus' tourism industry is taking a huge hit from the lack of Russian and Ukrainian tourists, with an estimated loss of €600 million this year alone....

1653. 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. ...

1654. New diabetes drug helps people lose weight

A weekly dose of a medication recently approved by the US Food and Drug Administration to treat type 2 diabetes may help adults without diabetes lose weight as well, a new study found....

1655. Man killed in bus accident on highway

A man was killed on the highway after he was struck by a bus south of the capital Wednesday early morning under circumstances that remained unclarified...

1656. 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....

1657. Experimental drug clears every patient of rectal cancer

An experimental drug appeared to clear every patient of rectal cancer with minimal side effects in an unprecedented study, but oncologists say it's too early to be sure that they're cured....

1658. 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....

1659. EU set to decide on single mobile charging port by June 7

EU countries and EU lawmakers are set to agree on a common charging port for mobile phones, tablets and headphones on June 7 when they meet to discuss a proposal that has been fiercely criticized by Apple, people familiar with the matter said....

1660. Global IPO market experiences significant slowdown in Q1 2022

1661. 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....

1662. NYT: Deep in Vatican Archives, Scholar Discovers 'Flabbergasting' Secrets

David Kertzer put down his cappuccino, put on his backpack, and went digging for more Vatican secrets....

1663. 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....

1664. 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....

1665. US seeking closer Greece ties to contain Turkey, analyst says

Turkey’s growing leverage as a regional power in the wake of Russia’s invasion of Ukraine has prompted the United States to strengthen ties with Greece as a means of containing Turkey, a local expert told state-run Anadolu agency in an analysis published on Friday....

1666. European fruit contaminated with toxic pesticides

Shocking rise in toxic pesticides on European fruit, says study...

1667. 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....

1668. 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...

1669. Ikea to start selling solar panels in US stores

The popularity of solar has gone through the roof—and now IKEA is making it easier to install some panels on your roof....

1670. Israel reassures Turkey over Cyprus drill

A 'new chapter' in relations between Ankara and Jerusalem was launched this week during a visit to Israel by Turkish Foreign Minister Mevlut Cavusoglu, who reportedly sought an explanation regarding a large-scale military drill said to take place in Cyprus over the weekend...

1671. Satellite images appear to show Russian ships 'stealing' Ukrainian grain

Russia's theft of Ukrainian grain appears to be ramping up as it continues its war on the country, according to new satellite photos of the Crimean port of Sevastopol....

1672. Fines of €1,378,100 imposed for personal data breaches

One thousand six hundred and sixteen (1616) complaints were received in the last four years by the Office of the Commissioner for Personal Data Protection on cases of personal data breach since the implementation of the General Data Protection Regulation (GDPR)....

1673. Lebanese banks in Cyprus to shut down amid the country's financial crisis

Branches of Lebanese banks operating in Cyprus will shut down following a decision by the country’s Central Bank. A Central Bank of Cyprus (CBC) official has confirmed to CNA the decision taken by the country’s banking regulator....

1674. EC projects economic slowdown and rising inflation in Cyprus

The European Commission has revised its economic projections for Cyprus citing a downward trend due to the effects of Russia’s invasion of Ukraine and the associated sanctions against Moscow on the island’s tourist and services sector....

1675. Disquiet in Nicosia over NATO and sanctions talk

Cypriot President Nicos Anastasiades says Nicosia will implement only targeted measures against Russia while talk of the island joining NATO is premature, citing Ankara that appeared to be pumping the brakes on western alliance expansion over hostility from current member Greece and two likely Nordic applicants...

1676. 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....

1677. 'A historic day': British bases lifts restrictions on civilian property development

Eight years after the signing of a bilateral Arrangement between Cyprus and the UK, the SBA is today lifting restrictions on property development on 200 square kilometers of non-military areas within the bases....

1678. Spread of COVID baffles locked-down Shanghai residents

The cases underscore how difficult it is to stop the spread of the highly transmissible Omicron variant as China clings to its zero-COVID policy, perpetuating a cycle of lockdowns, as well as bafflement, anguish and anger....

1679. WHO: Covid led to 15 million deaths globally, not the 5 million reported

Almost three times as many people have died as a result of Covid-19 as official data show, according to a new World Health Organization (WHO) report, the most comprehensive look at the true global toll of the pandemic so far....

1680. UN: Obesity levels in Europe at ‘epidemic proportions’

The World Health Organization says the rates of people who are obese and overweight in Europe have hit “epidemic proportions,” with nearly 60% of adults and a third of children in one of those categories....