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1141. 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....

1142. 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....

1143. The dilemmas of war and pandemic

Cyprus is a small country with a large export sector of services, which makes it vulnerable to its external environment. An external shock is felt faster and more intensely. ...

1144. Expect isolated showers and thunderstorms today

Alternating periods of sunshine and cloudiness during much of the day today, giving way to isolated showers and thunderstorms in the afternoon mainly in the mountains and inland....

1145. Torrential downpours cause havoc in some parts of the island

Torrential downpours and heavy rains hit several areas of the island today, causing some havoc in certain areas and on some parts of the highways....

1146. Looking for answers

There are many major issues that need to be addressed, many of them divisive, before a new president is to be elected in Cyprus. ...

1147. No end in sight to weekly price hikes in fuel

Increases in fuel prices are taking place almost on a weekly basis, according to gas station owners. ...

1148. Cost of living crisis pushing people to become Airbnb hosts

A recent study by Airbnb conducted with more than 70,000 EU hosts and guests reveals for the first time that the cost-of-living crisis is pushing people to become hosts on Airbnb....

1149. Global IPO market experiences significant slowdown in Q1 2022

1150. Industrial prices soar by 19.5% in Cyprus

Cyprus’ Index of Industrial Output Prices for April 2022 reached 123.8 units (base 2015=100), recording an increase of 19.5% compared to the same month last year, according to data published by the island’s Statistical Service (CyStat) on Monday....

1151. Russia cautions US on weapons deployment in Ukraine

Russia on Wednesday sharply criticized a U.S. decision to supply advanced rocket systems and munitions to Ukraine, warning of an increased risk of a direct confrontation between the two superpowers....

1152. NYT: Deep in Vatican Archives, Scholar Discovers 'Flabbergasting' Secrets

David Kertzer put down his cappuccino, put on his backpack, and went digging for more Vatican secrets....

1153. Glamping is on the rise, and hostels are coming soon

In January 2020, Airbnb's were officially allowed to operate in Cyprus, giving tourists an alternate mode of accommodation on the island in addition to hotels and hotel apartments....

1154. Superyacht in Ayia Napa highlights tourism makeover

A cruise ship offering passengers a luxury yachting experience around the world made a stop in Cyprus’ Ayia Napa over the weekend, with locals highlighting the resort town’s efforts to attract high income visitors as an alternative to tourists balling on a budget...

1155. Iran seizes two Greek tankers as tensions rise

Iranian forces seized two Greek tankers in the Gulf on Friday, shortly after Tehran warned it would take "punitive action" against Athens over the confiscation of Iranian oil by the United States from a tanker held off the Greek coast...

1156. US seeking closer Greece ties to contain Turkey, analyst says

Turkey’s growing leverage as a regional power in the wake of Russia’s invasion of Ukraine has prompted the United States to strengthen ties with Greece as a means of containing Turkey, a local expert told state-run Anadolu agency in an analysis published on Friday....

1157. European fruit contaminated with toxic pesticides

Shocking rise in toxic pesticides on European fruit, says study...

1158. 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....

1159. Largest robotics festival in Cyprus to take place in June

The largest robotics festival in Cyprus, "Robotex Cyprus", will take place this June, attracting teams of pupils, students and adults who will compete in different challenges....

1160. A new billionaire nearly every day during the pandemic

Some 573 people have joined the billionaire ranks since 2020, bringing the worldwide total to 2,668, according to an analysis released by Oxfam on Sunday. ...

1161. EU Energy Commissioner: 'Cyprus has enormous potential in terms of solar and wind energy production.'

In the wake of rising energy costs due to Russia's invasion of Ukraine, Kathimerini sits down with EU Commissioner for Energy, Kadri Simson, to discuss the EastMed pipeline, Europe's push toward Green energy and the potential for Cyprus to ensure its citizens both affordable prices and energy security by developing solar and wind power....

1162. 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....

1163. Rain is coming! - The weather forecast until Sunday (live map)

Today the weather will be mostly clear with increasing cloudiness in some areas giving way to isolated showers from noon onwards, mainly in the mountains....

1164. Alarming rise in hospital infections

Scientists are sounding the alarm over the rise in nosocomial or hospital-acquired infections by multidrug-resistant germs, a major public health problem that has been overshadowed by the pandemic over the last two years....

1165. 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....

1166. Russia cuts electricity to Finland

Russia will suspend electricity supplies to Finland this weekend, a supplier said on Friday as tensions rise over Helsinki's NATO bid amid Moscow's military campaign in Ukraine....

1167. Petrides: 'Things will be difficult in the coming years'

The government will continue supporting households, especially the vulnerable, amid rising inflation, Finance Minister Constantinos Petrides said, warning that tackling inflation is difficult due to its structural nature amid the Ukrainian crisis....

1168. US Diplomat: 'It would be political suicide if Putin withdraws'

An interminable and unwinnable war in Europe? That’s what NATO leaders fear and are bracing for as Russia’s war in Ukraine grinds into its third month with little sign of a decisive military victory for either side and no resolution in sight....

1169. Zelensky honors bomb sniffing dog named Patron as Trudeau looks on (video)

President Volodymyr Zelensky has routinely ended his nightly wartime addresses by announcing state awards for Ukraine’s soldiers. On Sunday, he honored a fighter who is perhaps the country’s smallest — a little dog named Patron....

1170. Price hike of raw materials affecting developers and construction costs

The construction industry is suffering as the price hike of raw materials continues, with developers crushed under higher costs as they are deprived of Russian money....