https://knews.kathimerini.com.cy/en/news/cbc-warns-of-non-performing-loan-surge-amid-economic-challenges
The Central Bank of Cyprus (CBC) issued a warning on Monday, cautioning about the potential influx of non-performing loans (NPLs) driven by high-interest rates and inflation, which are impacting households' disposable income and businesses' profitability....
https://knews.kathimerini.com.cy/en/news/themis-themistocles-signals-potential-2024-interest-rate-cut
In their ''Year Ahead 2024'' forecast, analysts at Swiss financial giant UBS anticipate a slowdown in the strength of the US economy throughout 2023. ...
https://knews.kathimerini.com.cy/en/news/european-data-shows-low-interest-payouts-by-cypriot-banks
Cypriot banks rank second to last among European banks in terms of paying interest on total household deposits, according to data released on Wednesday by the European Banking Authority (EBA), as part of its annual risk assessment of the European banking system....
https://knews.kathimerini.com.cy/en/news/tesla-recalls-over-2m-vehicles-following-autopilot-safety-concerns
In response to safety concerns related to its Autopilot system, Tesla is initiating a massive recall, impacting more than 2 million vehicles across its entire model range....
https://knews.kathimerini.com.cy/en/news/biden-warns-israel-as-derogatory-soldier-videos-surface
President Joe Biden, a staunch supporter of Israel, broke from tradition by openly criticizing the Israeli government's approach to the two-state solution....
https://knews.kathimerini.com.cy/en/business/deloitte-cyprus-ceo-on-65-years-challenges-and-future-strategies
Deloitte Cyprus celebrates 65 years of presence on the island, playing a major role in the financial affairs of the state....
https://knews.kathimerini.com.cy/en/news/cyprus-consortium-s-march-deadline-for-aphrodite-gas-field-revamp
The consortium licensed for Cyprus’ ''Aphrodite'' gas field will update the development and production plan of the field by March 31, as announced by the Minister of Energy, Commerce, and Industry, George Papanastasiou....
https://knews.kathimerini.com.cy/en/news/billionaires-choose-abu-dhabi-as-global-wealth-safe-haven
In a surprising trend, billionaires including Zhao Changpeng, the Adani family, Ray Dalio, and Vladimir Lisin are flocking to Abu Dhabi's international financial center, establishing special purpose vehicles (SPVs) to safeguard their fortunes....
https://knews.kathimerini.com.cy/en/business/crisis-averted-as-cyprus-and-chevron-reach-compromise
The resolution of the dispute between the Republic of Cyprus and Chevron Cyprus Limited, the manager of the Aphrodite field, can be seen as a compromise satisfying both parties. ...
https://knews.kathimerini.com.cy/en/news/postal-workers-strike-over-burnout-and-job-insecurity
In a decisive move, 300 members of the Branch Council of Postal Distributors, part of the Pancyprian union "Equality," launched a strike today, set to last until Friday....
https://knews.kathimerini.com.cy/en/news/super-league-matches-go-silent-for-two-months
The Greek government has asked the Super League to hold championship matches without spectators for two months because of the risk of trouble....
https://knews.kathimerini.com.cy/en/business/cyprus-economy-receives-positive-rating-boost
Fitch, the International Rating Agency, upgraded Cyprus' long-term rating to positive, citing economic resilience and fiscal strength. The agency affirmed the 'BBB' rating, previously upgraded in March 2023. ...
https://knews.kathimerini.com.cy/en/news/us-vetoes-un-cease-fire-resolution-in-gaza-escalating-tensions
Friday marked a contentious day at the United Nations as the United States took a solitary stand, vetoing a resolution calling for an urgent cease-fire in Gaza....
https://knews.kathimerini.com.cy/en/news/cyprus-sees-uptick-in-covid-19-cases-amid-winter-surge
Dr. Christos Charalambous, from the Epidemiological Surveillance and Control of Infectious Diseases Unit of the Health Ministry, reported a slight increase in COVID-19 cases in Cyprus in recent days....
https://knews.kathimerini.com.cy/en/news/student-attacks-bus-driver-mid-route-to-parekklisia
The director of Limassol Passenger Transport Company (EMEL), George Kyriakou, reported an attack on a bus driver en route from Limassol high school to the Parekklisia community....
https://knews.kathimerini.com.cy/en/news/banks-fail-menendez-s-quiz-on-$4-billion-consumer-paybacks
In a fiery congressional hearing on Wednesday, Senator Bob Menendez targeted Wall Street's top executives, putting them in the hot seat with a pop quiz on their firms' financial misdeeds....
https://knews.kathimerini.com.cy/en/news/how-locals-can-mitigate-the-risks-of-cyprus-new-citizenship-rules-to-attract-tech-talent
Cyprus's recent initiative to boost its technology sector by offering tax breaks and fast-track naturalization to third-party nationals is a strategic move that could significantly reshape its economy and society....
https://knews.kathimerini.com.cy/en/news/erdogan-my-friend-kyriakos-we-will-not-threaten-you-if-you-do-not-threaten-us
Turkish President Recep Tayyip Erdogan talks about all issues concerning Greek-Turkish relations in an exclusive interview with K, twenty-four hours before he arrives in Athens, stressing that he is looking forward to "a new page" based on the ''win-win principle''....
https://knews.kathimerini.com.cy/en/news/christmas-in-europe-raises-terrorism-concerns-amid-israel-hamas-conflict
EU Home Affairs Commissioner Ilva Johansson issued a stark warning about the escalating risk of terrorist attacks in Europe, attributing it to the polarization fueled by the ongoing Israel-Hamas conflict. ...
https://knews.kathimerini.com.cy/en/news/critical-battle-looms-as-parliament-debates-foreclosure-legislation
Background consultations are in progress to prepare amendments to the legislative package on divestments, set for submission to the Parliament Plenary on Friday for a vote....
https://knews.kathimerini.com.cy/en/news/europeans-have-grown-weary-of-welcoming-asylum-seekers
Negotiations for the EU Pact on Migration and Asylum are nearing completion, set to be finalized this month. Contrary to expectations, the pact is anticipated to exacerbate rather than remedy the EU's asylum and reception challenges....
https://knews.kathimerini.com.cy/en/business/apoel-seeks-investors-amidst-financial-challenges
In a recent development brought to light by 24sports, the revelation that a Cypriot team is on the market through Mergerscorp has ignited discussions across the internet. ...
https://knews.kathimerini.com.cy/en/business/the-path-to-fighting-inflation-is-difficult
In an insightful dialogue about the economic landscape, Joachim Nagel, a prominent figure in the financial realm and a member of the ECB Governing Council, shares his perspectives on inflation, interest rates, and the challenges facing the European economy....
https://knews.kathimerini.com.cy/en/news/israeli-authorities-probe-suspected-insider-trading-ahead-of-hamas-attack
In a recent development, Israeli authorities are delving into allegations raised by US researchers who suggest that certain investors might have had advance knowledge of the Hamas plan to attack Israel on October 7....
https://knews.kathimerini.com.cy/en/news/heavy-snow-triggers-major-incident-and-icy-chaos-in-the-uk
In a wintry turn of events, the UK experiences an Alpine transformation as heavy snow blankets Cumbria, leading to abandoned cars and a declared major incident by local police....
https://knews.kathimerini.com.cy/en/news/israel-s-gospel-ai-raises-alarms-in-gaza-strikes
In the ongoing conflict with Hamas, Israel's military has taken a tech-forward approach, deploying an AI-based target-creation platform known as ''the Gospel.''...
https://knews.kathimerini.com.cy/en/news/more-seniors-turning-to-marijuana-to-ease-ailments
As marijuana gains acceptance and legalization across the United States, a growing number of seniors, including Vietnam veteran Bill Martin, are turning to cannabis to address health issues....
https://knews.kathimerini.com.cy/en/news/eu-unveils-historic-regulations-to-safeguard-dog-and-cat-welfare
Stella Kyriakides, EU Commissioner for Health and Food Safety, has unveiled groundbreaking regulations aimed at safeguarding the welfare of dogs and cats across the European Union. This marks the first time such comprehensive rules have been proposed within the EU....
https://knews.kathimerini.com.cy/en/business/elon-musk-raises-disturbing-questions-about-openai-s-internal-strife
In a recent interview at the Dealbook Summit, Elon Musk shared his concerns about the sudden departure and return of Sam Altman at OpenAI, a company Musk co-founded. ...
https://knews.kathimerini.com.cy/en/news/developer-s-double-plea-amidst-partially-frozen-road-project-in-akamas
None of those who attended the meeting of the Environment Committee left any wiser about what is happening in the projects that have been carried out in recent months for the first phase of improvement of part of the road network of the Akamas National Forest Park....
