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4081. Tangible rewards for alliance-building

Greece's military spending has shrunk dramatically as a result of the crisis, widening the defense gap with Turkey. Successive Greek governments have spent billions on armaments over the past few decades, yet there is very little to show for it in terms of a defense industry. After an ambitious start, state-owned firms such as the Hellenic Aerospace Industry (EAV) and others were gradually choked by mismanagement from political parties and unionism...

4082. Cyprus ready to push on migration question

Interior Minister Constantinos Petrides is drafting a letter for his EU counterparts, in which he is expected to formally ask for a number of individuals under protection status in the Republic of Cyprus to be relocated to other member states...

4083. Akar says effort to scrap guarantees on Cyprus 'futile'

Turkish Defense Minister Hulusi Akar has reportedly reiterated Ankara’s rejection of calls by Cyprus and Greece for a scrapping of the system of guarantees that were established when the island gained independence from Britain in 1960. ...

4084. Officials spot loopholes in medical cannabis law

A number of provisions in the medical marijuana legislation were taken out prior to a vote, prompting officials to call for amendments to block doctors from prescribing cannabis without any limits...

4085. Britain's LSE seals $27 billion Refinitiv deal to create data giant

London Stock Exchange has agreed to buy financial information business Refinitiv in a $27 billion deal, it said on Thursday, in a move to transform the British company into a market data and analytics giant. ...

4086. S&P affirms Bank Of Cyprus ratings

Standard & Poor’s affirmed on Tuesday their `B+/B` long- and short-term issuer credit ratings on Bank of Cyprus Public Co. Ltd. (BoC), noting that the outlook is stable...

4087. Greece approves cut on property tax, eases arrears payment

The Greek parliament approved an across-the-board reduction of a deeply unpopular property tax on Tuesday, fulfilling an election pledge of new prime minister Kyriakos Mitsotakis....

4088. ECB warns of 'significant negative impact'

The European Central Bank (ECB) has warned of “significant negative impact” to the Cypriot banking system in case a new law amending the legal on foreclosures is implemented. ...

4089. Guarantees and Rights of Intervention

Both Turkey’s illegal invasion in 1974 and its occupation of Cyprus, were claimed to be based on its own interpretation of the Treaty of Guarantee. These arguments are well known. Today, Turkey still insists on the same interpretation of this Treaty....

4090. Digital Challenges for Internal Auditors & DPOs

4091. Nicosia walls literally coming down

A conservation group has slammed authorities in the north over the partial collapse of the Guerini Bastion, saying it had warned about the conditions of the Nicosia medieval walls but nobody took them seriously...

4092. Dombrovskis: The EU leads the world in the battle against climate change

This year, millions of young people across the world joined an international movement for climate change. They demanded action instead of mere talk, marching to fix the planet before it is too late. ...

4093. Foreclosures: Parliament rejects President's referral

The House of Representatives today rejected a presidential referral regarding a number of foreclosure legislation amendments. ...

4094. Cyprus issue top priority says Mitsotakis

The main concern and complete, firm strategic pursuit of Greece’s external policy is an end to the Turkish occupation, stated Monday Greek Prime Minister Kyriakos Mitsotakis. ...

4095. With courage and moderation

It is often said Greece’s post-dictatorship era ended with SYRIZA’s defeat. But how will we now close the accounts of the past and stop arguing about what happened 44 or 75 years ago? And how will Greece look ahead to resolve its accumulated problems – now we are done with ideological fixations and have lived the “dream” of the Left in power?...

4096. Britain begins escorting all UK vessels through Hormuz Strait

Britain has started sending a warship to accompany all British-flagged vessels through the Strait of Hormuz, a change in policy announced on Thursday after the government previously said it did not have resources to do so. ...

4097. IKEA branches out to Limassol

IKEA is reaching out to Limassol fans and beyond, with a new Planning Studio location now open in the southern town...

4098. Audit office weighs in on turtle nests debacle

A report by the audit office slams the forestry department for removing acacia trees very close to turtle nests earlier this year, just as another confrontation between locals and conservationists in a nearby area is gaining traction...

4099. Sentence in Strovolos double murder on hold

A criminal court in Nicosia has sentenced Lefteris Solomou, the half-brother of his co-defendant in the Strovolos double murder, but details were left out due to a scheduled funeral on Wednesday afternoon...

4100. Stepping into power, Johnson seeks more diverse cabinet

Taking over as prime minister on Wednesday, Boris Johnson is expected to unveil a more diverse top team in a government to be tasked with delivering Brexit by the end of October, with or without a deal. ...

4101. Britain calls for European naval mission to counter Iran's 'piracy'

It is unclear how much influence Britain may have in Europe given it is about to have a new prime minister, widely expected to be Boris Johnson, who takes over a country divided over Brexit, its planned departure from the European Union. ...

4102. Boris Johnson set to become next UK PM

Boris Johnson is expected to be elected leader of Britain’s governing Conservative Party and the country’s next prime minister on Tuesday, tasked with following through on his “do or die” pledge to deliver Brexit in just over three months time. ...

4103. Emergency flight to Ercan forced to revise plan

A Turkish flight en route to Jordan, which diverted to Ercan due to a medical emergency, was forced to perform a fly-over in Antalya before heading to its final destination...

4104. Deadly mega-fires bring new challenge to Europe

The European Union describes wildfires as “a serious and increasing threat” across the continent....

4105. UN not convinced sides committed to solution

The United Nations' position is that there must be an agreement between the two leaders in Cyprus on how to proceed before they turn to the UN Secretary-General, Antonio Guterres. ...

4106. US removes Turkey from F-35 program after Russian missile purchase

The United States said on Wednesday that it was removing Turkey from the F-35 fighter jet programme, a move long threatened and expected after Ankara began accepting delivery of an advanced Russian missile defence system last week. ...

4107. Anastasiades ready to meet Akinci

In a statement government spokesperson Prodromou said that President Anastasiades ''is pleased that Mr. Mustafa Akinci, contrary to his proposal on the issue of hydrocarbons on 13 July, in his letter to the Secretary-General of the United Nations dated July 10, suggests the convening of an informal conference on the Crans Montana model, basically adopting one of the proposals that the President of the Republic has written in his letter to the Secretary General in his letter of 14 June.''...

4108. Cyprus, diplomacy and the dizzying gas effect

The spin on political developments in Cyprus has had a dizzying effect on the public but state institutions seem unshaken...

4109. State Department expresses ‘deep concerns’ over Turkish drilling off Cyprus

Washington expressed “deep concerns” over Turkey’s insistence on conducting drilling operations in Cyprus’ offshore maritime zone ...

4110. The benefits of studying with a learning provider

Studying to become an ACCA member is flexible, and it opens up a world of opportunities. With over 500,000 students studying in a variety of ways, we know that flexibility is key to a successful ACCA journey. ...