https://knews.kathimerini.com.cy/en/business/deutsche-bank-to-slash-800-jobs-as-part-of-new-cost-cutting-initiative
Deutsche Bank to cut 800 jobs in a new cost-saving drive after reporting a bigger-than-expected rise in profit for the first quarter, a volatile period globally for finance companies....
https://knews.kathimerini.com.cy/en/business/e-kalathi-your-digital-tool-for-smart-shopping
Based on the timeline, the implementation of e-kalathi, the new digital platform for monitoring retail product prices, is expected to take place around early 2024....
https://knews.kathimerini.com.cy/en/news/easter-table-lamb-and-flaounes-more-expensive
The price of lamb has skyrocketed to an average of 11.5-12 euros per kilo this year, while last year it was 8-8.5 euros per kilo on average. At the same time, the price of another Easter product, flaounes, is also high, specifically 18 euros per kilo on average, while last year it was 14 euros....
https://knews.kathimerini.com.cy/en/business/bill-for-e-kalathi-product-price-comparison-app-submitted-for-cabinet-approval
The bill for the implementation of a digital tool that enables daily information on retail prices and product comparisons is ready for submission to the Cabinet....
https://knews.kathimerini.com.cy/en/news/higher-prices-for-easter-meat-lamb-sees-a-25-increase-beef-up-by-15
A year ago, reports described Easter dinner as the most expensive in four years. This year's prices are expected to surpass that record, according to the first data from the Easter Price Watch gathered by K and soon to be published by the Consumer Protection Agency....
https://knews.kathimerini.com.cy/en/news/hsbc-buys-failed-silicon-valley-bank-in-bid-to-stem-fallout
Governments in the UK and the U.S. took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down....
https://knews.kathimerini.com.cy/en/business/digital-app-to-compare-product-prices-in-the-works
Following the withdrawal of the Household Basket proposal in Cyprus, the Consumer Protection Service is now promoting the preparation of a bill for the implementation of a digital tool that will enable the daily comparison of retail prices of products....
https://knews.kathimerini.com.cy/en/news/criticism-grows-as-europe-pushes-to-restrict-cars-in-cities
In an effort to ease traffic congestion and curb greenhouse gas emissions causing climate change, municipalities from Barcelona to Brussels have embarked on what has been called a “transportation revolution.”...
https://knews.kathimerini.com.cy/en/news/consumers-cutting-back-on-non-essential-items-as-cost-of-living-rises
As the cost of living crisis continues to rise globally, consumers have drastically adjusted their spending behaviors, with the majority (53%) of global consumers “holding back” on non-essential spending. ...
https://knews.kathimerini.com.cy/en/news/energy-prices-in-cyprus-must-decrease-says-minister
"We want consumers to be able to open their electricity bills without fear," said newly appointed Energy Minister George Papanastasiou....
https://knews.kathimerini.com.cy/en/news/the-who-s-who-of-the-christodoulides-government
On Monday afternoon (27/02), Nikos Christodoulides, the country's new leader, unveiled his new administration. Read the detailed biographies of the individuals who make up the new government....
https://knews.kathimerini.com.cy/en/news/fruits-and-vegetables-being-rationed-in-britain
Supermarkets across the country have begun rationing fresh food items in a move that is expected to last “weeks”....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-71-million-in-profits-in-2022
Bank of Cyprus' profit for 2022 was 71 million euros, up from 30 million euros in 2021....
https://knews.kathimerini.com.cy/en/news/apartment-prices-continued-its-upward-momentum-in-q4-2022
Apartments continued to drive the rising real estate prices in the fourth quarter of 2022, data published by the Aks WiRE Index show....
https://knews.kathimerini.com.cy/en/news/botox-ampoules found-in-chocolates-smuggled-from-the-occupied-territories
Botox ampoules were one of the more bizarre items that a person attempted to smuggle through the barrier last year, according to customs officials at the British Bases in Dhekelia....
https://knews.kathimerini.com.cy/en/news/death-toll-surpasses-11-000-as-erdogan-visits-quake-ravaged-areas
President Recep Tayyip Erdoğan has visited the region of southern Turkey devastated by this week’s earthquake as the death toll rose above 11,000 and acknowledged that his government faced problems getting aid to victims....
https://knews.kathimerini.com.cy/en/life/kiabi-pursuing-international-development-with-the-opening-of-a-second-store-in-cyprus
Present in 24 countries with a network of 538 physical stores, KIABI is challenging the fashion world’s leaders in Europe, the Middle East, Africa and South America. Engaged in an international growth dynamic, the French favourite continues to roll out its concept intended for all families as it opens its second shop in Cyprus in 2023. ...
https://knews.kathimerini.com.cy/en/business/1-january-newsletter-of-k-treppides-co-ltd
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....
https://knews.kathimerini.com.cy/en/news/supermarkets-bet-on-their-own-private-labeled-products
Consumers are turning to private label and exclusive import products to combat inflationary pressures on consumer goods in supermarkets....
https://knews.kathimerini.com.cy/en/news/fuel-prices-have-dropped-but-increases-are-anticipated
On January 8, 2023, the cost of 95 gasoline was 44 cents less per liter than it was on July 12, when it reached an all-time high of €1.828 per liter....
https://knews.kathimerini.com.cy/en/business/amazon-to-layoff-18-000-employees
Amazon.com Inc's layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday....
https://knews.kathimerini.com.cy/en/news/us-retail-pharmacies-to-dispense-abortion-pills-with-prescription
Retail pharmacies in the United States will be permitted to sell abortion pills, health officials said Tuesday, a move that could significantly expand access to the procedure after last year's landmark Supreme Court ruling that overturned federal abortion rights....
https://knews.kathimerini.com.cy/en/business/ey-future-consumer-index-consumers-opt-for-caution-this-holiday-season
EY Future Consumer Index: consumers opt for caution this holiday season to cope with rising cost-of-living and environmental concerns, new data finds ...
https://knews.kathimerini.com.cy/en/news/cash-still-king-as-cypriots-take-digital-leap
The growing preference of Cypriots for digital means of payment, but also the desire to maintain the ability to pay with cash and checks, are the main conclusions of the report of the Central Bank of Cyprus on Retail Payments in Cyprus for the years 2014-2021...
https://knews.kathimerini.com.cy/en/news/according-to-research-costs-for-a-festive-table-ranges-from-€24-to-€255
The Cyprus Consumers Association conducted a survey on the cost of the Christmas table as part of its foundation's mission to protect and provide consumers with more complete information. The survey was conducted from December 12 to December 21, 2022....
https://knews.kathimerini.com.cy/en/news/lack-of-discounts-for-the-holiday-table
This year's Christmas table is expected to be laden with delectable fare. This is a tool that supermarkets have enlisted in order to retain customers and possibly increase sales, even in times of inflation....
https://knews.kathimerini.com.cy/en/news/streptococcus-a-too-risky-to-move-child
The Ministry of Health is on standby to provide any necessary service in relation to the 4-year-old girl, who is being treated intubated in the Intensive Care Unit of Makarios Hospital, as she suffers from Streptococcus A, ...
https://knews.kathimerini.com.cy/en/business/december-newsletter-of-k-treppides-co-ltd
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....
https://knews.kathimerini.com.cy/en/business/grant-johnson-city-of-dreams-mediterranean-will-be-the-game-changer-for-cyprus-hospitality-industry
The multi-themed City of Dreams Mediterranean resort in Limassol, which will include a luxury hotel, casino, entertainment and sports facilities, adventure park, shops and restaurants, among others, will begin operations in the second quarter of 2023. Grant Johnson, the General Manager of COD analyzes what exactly the City of Dreams Mediterranean will be, what it will offer to the tourism product of Cyprus, how it will strengthen the country's economy and its position as a popular tourist destination and at the same time he analyzes how this project will have significant benefits for the local community and its people. ...
https://knews.kathimerini.com.cy/en/news/nhs-nurses-walk-out-in-first-strike-in-over-a-century
Nurses across much of the UK launched a historic strike on Thursday, as they walked out of hospitals and onto picket lines after several years of falling pay and declining standards left the country’s nationalized health care system in a state of crisis....
