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601. Cyprus requests disbursal of €85 million in RRF funds from EC

The European Commission announced it received on Thursday the first payment request from Cyprus under the Recovery and Resilience Facility (RRF) for the disbursement of €85 million in financial support (net of pre-financing), ...

602. The new Porsche 911 GT3 RS is in the starting blocks

The Porsche 911 GT3 is getting a big brother: the 911 GT3 RS, the new top of the 911 line in terms of performance will celebrate its world premiere on 17 August. The development of the high-performance sports car was inspired by the successful 911 RSR and 911 GT3 R GT racing cars....

603. Consulco’s London Credit Fund keeps making 4% p.a. for its Euro investors

Consulco’s London Credit Fund has been reaching and exceeding its annualized target return of 4,00% on Euro since its inception. ...

604. Top position in luxury car sales for Porsche and A.I. Motokinisi Ltd in Cyprus

Porsche Cyprus in a leading position in terms of sales in the first half of 2022...

605. Medicover awarded at the 10th Invest Cyprus International Investment Awards

Medicover was honoured at the prestigious 10th Invest Cyprus International Investment Awards, which recognize foreign companies, individuals, and investors for their contribution to the country’s economy....

606. 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....

607. Boris Johnson vows to fight on amid growing wave of resignations

Britain's Boris Johnson defiantly vowed on Wednesday to fight on against growing calls for him to resign as prime minister, but his pledge to keep going was met with scornful laughter at a parliamentary appearance....

608. Public World Premiere of the GT4 ePerformance at the Festival of Speed

The all-electric Porsche GT4 ePerformance has begun its world tour at the internationally-renowned Goodwood Festival of Speed. The tour is intended to highlight the potential of the vehicle concept and the associated racing formats....

609. President formally appoints new Labour Minister, deputy Minister and director of his office

The appointment ceremony of the new Minister of Labour and Social Insurance Kyriacos Koushos, the new Deputy Minister to the President, Petros Demetriou and the new Director of the President's Office Pantelis Pantelides took place on Monday at the Presidential Palace, in the presence of the President of the Republic Nicos Anastasiades....

610. Deputy Ministry of Climate being mulled over

The Cyprus Economy and Competitiveness Council is proposing the creation of a Deputy Ministry for Climate, as part of its suggestions for Green Development – Energy....

611. On Erdogan, the West and Greek-Turkish relations

Let’s start with the domestic facts and figures to dispel the widespread wishful thinking betting on the victory of the so-called “opposition front” at the next elections....

612. 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. ...

613. Transgender women banned from competing in women’s events

World swimming’s governing body has effectively banned transgender women from competing in women’s events, starting Monday....

614. Here's why Volkswagen Beetles now cost $600,000

German outfit Milivié Design is offering restored and modernized versions of the original VW Bug for $600,000, but there's a reason for the hefty price tag....

615. 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....

616. 'Batterygate': Millions of iPhone users could receive compensation

Millions of iPhone users could be eligible for payouts, following the launch of a legal claim accusing Apple of secretly slowing the performance of older phones. ...

617. 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....

618. 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. ...

619. 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....

620. Global IPO market experiences significant slowdown in Q1 2022

621. European cities are turning rooftops into community and sustainability hubs

Across Europe, intrepid artists, planners, and architects are transforming the flat, grey rooftops of the continent into lively community hubs....

622. Slight rise in economic sentiment in May

Economic sentiment in Cyprus improved slightly this May as the Economic Sentiment Indicator (ESI-CypERC) increased by 1.1 points compared with April 2022, according to the results of the Business and Consumer Survey of the Economics Research Center of the University of Cyprus....

623. Cyprus justice system ranked worst in EU

The performance of the Cyprus justice system, based on the time it takes to complete court cases, places it at the bottom of the list compared with other European Union member states....

624. Cyprus scraps unsworn defendant statements in trials

Unsworn defendant statements will be a thing of the past in the Republic of Cyprus, with government officials saying the practice that prevented cross-examination was trouble in the delivery of justice...

625. Bank of Cyprus to reduce its employees by 500 in 2022

626. Eurovision 2022: Greece has qualified for the final (video)

Amanda Georgiadi of Greece qualified for the grand final of the 66th Eurovision Song Contest, held at the "Pala Olimpico" in Turin....

627. U2’s Bono and the Edge perform in Ukraine subway station

Bono, the frontman of the Irish rock group U2 and his bandmate the Edge performed a 40-minute concert in a subway station in Kyiv and praised Ukrainians fighting for their freedom from Russia....

628. 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....

629. EY named a leader for ESG consulting services by independent research firm

EY has been recognized by research and advisory firm, Verdantix, as a leader for environmental, social and governance (ESG) services and sustainability consulting services in its latest report, Green Quadrant: ESG & Sustainability Consulting 2022 (pdf)....

630. The MSCI 2021 results are in - Consulco Outperforms the Market

The MSCI results are now available, and Consulco’s London commercial real estate portfolio has outperformed the Greater London Retail property market in all time frames over 3, 5 & 10 years, achieving a 7.5% total return per annum since inception....