https://knews.kathimerini.com.cy/en/news/euroasia-interconnector-loan-denied-by-european-investment-bank
The European Investment Bank will not approve a loan for financing the electricity interconnection project between Cyprus, Greece, and Israel through the EuroAsia Interconnector, as confirmed by a representative from the EIB in an interview with "K" magazine....
https://knews.kathimerini.com.cy/en/business/alert-issued-amid-spate-of-prepaid-card-scams
A total of five cases have been reported between August 4 and 10 about scams that led to withdrawals of thousands of euros through prepaid credit cards, Police spokesperson, Christos Andreou, told CNA on Friday, calling on businesses that sell such cards to be alert and cautious....
https://knews.kathimerini.com.cy/en/business/barbie-smashes-box-office-records-by-crossing-$1-billion-mark
It's one thing to look like a million bucks, and it's another to make a billion. On Sunday, August 6, Greta Gergwig's Barbie officially surpassed $1 billion at the global box office. That's a whole lotta dream houses....
https://knews.kathimerini.com.cy/en/business/cyprus-hotels-expect-august-rebound-85-90-occupancy-forecasted
The occupancy of hotels in July was between 80%-85% and better results are expected for August, when occupancy rates could reach 85%-90% the Head of the Cyprus Hotels Association (PASYXE) Thanos Michaelides told the Cyprus News Agency....
https://knews.kathimerini.com.cy/en/business/pfizer-s-value-sinks-$144b-on-covid-changes
Pfizer has lost $88billion in market share and $144billion in value since its market peak in just one year as the drugmaker suffers a major hangover from the success of its COVID vaccine....
https://knews.kathimerini.com.cy/en/news/money-theft-attempt-at-paphos-atm
Authorities are investigating an incident of violation and money theft from an ATM in Paphos....
https://knews.kathimerini.com.cy/en/news/fake-rental-contract-lands-woman-in-custody
The Police in Limassol are investigating a case of fraud and embezzlement involving false representations and money transfers. They have arrested a suspect in connection with the case....
https://knews.kathimerini.com.cy/en/business/corporate-loans-above-€1-million-surge
The net new loans (excluding restructurings) in Cyprus amounted to €1.73 billion in the first half of 2023, showing a slight annual increase of 1.26%. The continuous interest rate hikes by the European Central Bank significantly slowed down the granting of housing loans....
https://knews.kathimerini.com.cy/en/business/should-you-sell-your-family-business
A common response from family business owners when asked the above question is, "Let them make an offer, and we'll see."...
https://knews.kathimerini.com.cy/en/news/trump-faces-indictment-over-2020-election
Donald Trump was indicted on felony charges Tuesday for working to overturn the results of the 2020 election in the run-up to the violent riot by his supporters at the U.S. Capitol, with the Justice Department acting to hold him accountable for an unprecedented effort to block the peaceful transfer of presidential power and threaten American democracy....
https://knews.kathimerini.com.cy/en/news/20-year-old-arrested-for-fake-money
Yesterday, the police made a third arrest in connection with an investigation into the illegal possession and circulation of counterfeit currency and obtaining goods through false representations....
https://knews.kathimerini.com.cy/en/comment/opinion/miss-cypriot-beauty-1971-a-journey-through-time
"This fabric is an old curtain from Ledra Palace," she says, caressing the covering tenderly that she uses to cover her sofa, in a cool, oasis-like elevation within her elegant home in Kato Arodes, Paphos. ...
https://knews.kathimerini.com.cy/en/news/the-devastating-impact-of-revenge-pornography
Twelve women in Cyprus recently fell victim to revenge pornography, where a 40-year-old man from Larnaca posted explicit videos and photos of them on erotic websites. ...
https://knews.kathimerini.com.cy/en/news/growing-up-in-refugee-camps
The painful experience of being violently uprooted, the worry about finding temporary shelter until they could return home, and the hardships faced in refugee camps – which turned into months and even years – are deeply etched in the memories and hearts of the refugees....
https://knews.kathimerini.com.cy/en/news/ecb-dilemma-with-core-inflation-at-5-5
The European Central Bank (ECB) is almost certain to raise interest rates by 25 basis points in its meeting tomorrow, though what happens next is unclear....
https://knews.kathimerini.com.cy/en/news/when-drugs-for-weight-and-diabetes-backfire
Joanie Knight has a message for anyone considering drugs like Ozempic or Wegovy, which have become popular for the dramatic weight loss they can help people achieve....
https://knews.kathimerini.com.cy/en/news/rhodes-heartbreaking-farewell
Standing outside the blackened shell of what used to be his restaurant, Dimitris Hajifotis laments a livelihood lost to wildfires raging on the Greek island of Rhodes this week....
https://knews.kathimerini.com.cy/en/news/company-loses-€93-187-in-scam
Yesterday, the police arrested a 60-year-old person as part of their investigation into an online fraud case that occurred in Limassol in 2019....
https://knews.kathimerini.com.cy/en/news/uber-driver-saves-over-$1-000-monthly-with-tesla
Wesley Johnson, 64, uses the income he earns as a San Francisco Uber driver to offer some financial support to his four children and seven grandchildren.
...
https://knews.kathimerini.com.cy/en/business/24-year-old-awarded-$18-8m-in-lawsuit-over-talc-based-baby-powder
A 24-year-old man in California was awarded $18.8 million on Tuesday in his lawsuit against Johnson & Johnson, in which he blamed talc in the company's baby powder for giving him cancer....
https://knews.kathimerini.com.cy/en/news/global-economy-faces-$590-trillion-storm
A $590 trillion storm threatens the global economy as rising interest rates make more corporate debts problematic. ...
https://knews.kathimerini.com.cy/en/business/npl-crisis-highlights-tug-of-war-between-borrowers-and-legislation
The concealment, or "camouflage," of non-performing loans (NPLs) in commercial banks before 2013 and their subsequent explosion have been, and may continue to be, the most significant challenge for the Cypriot economy. ...
https://knews.kathimerini.com.cy/en/news/larnaca-piraeus-ferry-ready-to-set-sail-in-ten-days
In ten days, on July 29, the Larnaca - Piraeus ferry line is set to launch, and the demand has surged, with the Daleela ferry already fully booked. According to Deputy Minister of Shipping, Marina Hadjimanoli, who spoke on the show "Διασπορά Ειδήσεων" on SPOR FM,...
https://knews.kathimerini.com.cy/en/news/shazam-founder-at-the-digital-agenda-cyprus-summit-23
Dhiraj Mukherjee, the co-founder of Shazam Entertainment, pioneered the development of the world's first mobile phone-based music recognition service. This groundbreaking technology caught the attention of Apple, leading to its acquisition in 2017 for a staggering $400 million....
https://knews.kathimerini.com.cy/en/news/france-showcases-strength-and-diplomacy-on-bastille-day
France celebrates its fête nationale every year with fireworks, concerts, and an extravagant military parade down the Champs-Élysées in the presence of the president, a bevy of politicians, and often a foreign head of state as an honored guest....
https://knews.kathimerini.com.cy/en/comment/opinion/when-society-turns-a-blind-eye-to-homeless-foreigners
A few hours before expensive Lamborghinis and Ferraris, driven by wealthy "foreigners," start their ostentatious daily progress on the coastal road of Limassol, poor "foreigners" sleep on the sand, as long as it is still night, to become news in the morning from a well-known television station that they are "obstructing the work of local boat owners."...
https://knews.kathimerini.com.cy/en/news/rising-scams-in-cyprus
Telephone and online scams are on the rise in Cyprus, targeting vulnerable elderly individuals and attempting to swindle their hard-earned money....
https://knews.kathimerini.com.cy/en/news/from-lovers-to-doctors-cyprus-confronts-rising-online-fraud
Cyprus is witnessing a significant annual increase in online fraud cases, according to Andreas Anastasiades, the Director of the Electronic Crime Sub-Directorate. ...
https://knews.kathimerini.com.cy/en/news/criminals-steal-$20m-from-revolut
Organized criminals exploited a vulnerability in Revolut's payment systems to steal over $20 million from the fintech company, as reported by the Financial Times, citing multiple anonymous sources knowledgeable about the incident....
https://knews.kathimerini.com.cy/en/news/bbc-under-fire-for-alleged-payment-of-child-for-explicit-photos
The British government on Sunday ordered the BBC to investigate one of its presenters, accused in the press by a mother of having paid her child to send her pornographic photos....
