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151. Porsche 911 GT3 RS completes the ‘ring in 6:49.328 minutes

152. October Newsletter of K. Treppides & Co Ltd: Take Action

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

153. The ECB's next steps were documented in Limassol

The two-day conference of Central Bank Governors in Limassol is a strong contender to serve as the foundation for decisions on monetary policy and inflation strategy to be made in the coming period. ...

154. Resolution of dispute with Israel is on track

A note of optimism for a resolution of the Cyprus-Israel dispute over the Aphrodite deposit is being 'extracted' following contacts between the two sides at the level of energy ministers in Nicosia. ...

155. Banks imposing stricter lending standards

Cyprus banks have tightened credit standards in the second quarter of 2022, while net new lending demand subsided, reflecting the geopolitical tensions and the uncertainty in the global economic environment, the Central Bank of Cyprus Bank Lending Survey for Q2 says....

156. Metsola: 'Europe's bloc is made stronger by the discovery of so much natural gas in your country'

In anticipation of Roberta Metsola's visit to Cyprus on September 9th, Kathimerini's George Kakouris sits down with the European Parliament President and gets her take on the Cyprus problem, recently discovered natural gas reserves and the issue behind Cyprus' "golden passport" scandal....

157. Rumors about Israel-Lebanon gas pact as Cyprus sits out

America’s energy czar is purported to be mediating a secret gas arrangement between Israel and Lebanon, a Herculean task given delineation complexities but not farfetched given ongoing efforts to resolve similar disputes between Tel Aviv and Nicosia...

158. Femicide and punishment

A few days ago, there was some shocking news. An Egyptian court asked lawmakers to approve the live broadcast of the hanging of a man who stabbed a female university student to death....

159. Three scenarios for Turkish provocations in the East Med

Preparations are done and the Turkish drilling rig Abdul Hamid Khan is ready to sail to its destination, according to informed sources, but the location is yet to be announced. ...

160. The US has plunged into recession

The US has plunged into recession as soaring inflation hammers the world’s largest economy....

161. The end of prim and proper

In the last 47 years, there have been moments in the history of Greek-Turkish relations during which a decent and honest arrangement could have been made....

162. Turkey will resume drilling near Cyprus next month

Turkey next month will resume drilling operations near the divided island of Cyprus, a top official said Wednesday, threatening to spark a new diplomatic row with the EU....

163. Cypriot priest reassigned after coup faux pas

Failure to commemorate a Greek Cypriot man killed by EOKA in 1973 lead to a local priest being reassigned this week, with the cleric saying it was an honest mistake but the relatives argue there was a sinister motive...

164. Sri Lankan president flees country amid devastating economic crisis

Sri Lankan President Gotabaya Rajapaksa fled the country on Wednesday and hundreds of protesters stormed the prime minister's office demanding his ouster, as a people's uprising over a devastating economic crisis overwhelmed security forces....

165. 'Nightmare' scenario for Europe as Russia shuts off gas pipeline

The main natural gas pipeline between Russia and Germany shut down for scheduled maintenance Monday, raising concerns that Moscow could use the repairs as a pretext for a longer shutdown as it wields energy supplies as leverage in the Ukraine war....

166. Petroleum product sales up by 34%, oil reserves down by 17.1%

Total sales of petroleum products increased by 34% on an annual basis in May 2022, while total petroleum reserves decreased by 17.1% (18,020 tons) at the end of May 2022, compared to the end of May 2021....

167. 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. ...

168. Russia vows retaliation over Lithuanian blockade of goods

Russia warned NATO member Lithuania on Monday that unless the transit of goods to Russia's Kaliningrad exclave on the Baltic Sea was swiftly restored then Moscow would take undisclosed measures to defend its national interests....

169. Cyprus plays supporting role in LNG arena

After years of trying to locate and extract natural gas from its EEZ, Cyprus' prospects continue to stagnate due to the current geopolitical conditions, the Cyprus issue, and the fact that the research, although promising, has not yet yielded the large quantities that were found in the EEZ of Egypt and Israel....

170. Greek PM meets with President Anastasiades in Cyprus

Greek Prime Minister Kyriakos Mitsotakis and Cyprus President Nikos Anastasiades said Friday that international law, strong alliances and the countries’ presence in the EU are what protect against Ankara's rhetoric and provocations....

171. Central banks across Europe jack up interest rates to fight inflation

Central banks across Europe raised interest rates on Thursday, some by amounts that shocked markets, and hinted at even higher borrowing costs to come to tame soaring inflation that is eroding savings and squeezing corporate profits....

172. 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....

173. British rape accuser drags Cyprus to court

A British young woman who was cleared of lying about a gang rape in Ayia Napa is taking the Republic of Cyprus to the European Court of Human Rights after police said they would not investigate allegations against Israeli teens...

174. Menendez: 'There will be consequences for Turkey's violations'

The Turkish occupation of Cyprus and Ankara's policy, which remain a threat to stability and prosperity in the region, was raised by Senator Robert Menendez during the Annual Economist New York Mediterranean Business Summit on Tuesday....

175. Porsche presents the exclusive Taycan GTS Hockenheimring Edition

To mark the 90th anniversary of the Hockenheimring, Porsche presents the first special edition based on its electric sports car: the Porsche Taycan GTS Hockenheimring Edition. ...

176. EU's von der Leyen: LNG in Cyprus and Greece

European Commission President Ursula von der Leyen's speech at the World Economic Forum in Davos and what she said about the energy sources of the Old Continent is essentially the first step in the role that the Eastern Mediterranean and its reservoirs can play in the EU's efforts to cut its dependence on Russian hydrocarbons....

177. Top Russian diplomat quits over Ukraine invasion

A top Russian diplomat has resigned his post with a scathing letter attacking Russia's war in Ukraine and what he described as his country's political degradation, according to multiple reports....

178. 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....

179. Bank of Cyprus posts net profit of €21 million in Q1

Bank of Cyprus group announced on Thursday a net profit of €21 million for the first quarter of 2022, compared to net profit of €8 million in the first quarter of 2021....

180. 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....