https://knews.kathimerini.com.cy/en/news/us-sanctions-hit-two-cyprus-based-companies
In the latest wave of sanctions targeting entities aiding Russia’s war on Ukraine, two Cyprus-based companies have found themselves under the spotlight, further deepening the political tension surrounding the ongoing conflict....
https://knews.kathimerini.com.cy/en/news/cypriot-company-scammed-out-of-$81k-in-online-fraud
A Cypriot company based in Limassol has fallen victim to an online scam, losing over $81,000 worth of goods in a sophisticated fraud scheme....
https://knews.kathimerini.com.cy/en/news/1-ai-to-shake-up-banking-putting-thousands-of-jobs-at-risk
The global banking industry is bracing for a seismic shift as artificial intelligence (AI) continues to revolutionize the sector. A recent study by Bloomberg Intelligence predicts that up to 200,000 jobs in banking will be eliminated over the next three to five years as AI takes over tasks currently performed by employees....
https://knews.kathimerini.com.cy/en/news/authorities-warn-of-dangerous-products-in-the-european-market
Dangerous products and items containing hazardous chemicals have been identified in the European market, according to an announcement by the Labour Inspection Department of the Ministry of Labour and Social Security....
https://knews.kathimerini.com.cy/en/business/the-dragon-threatens-citrus-and-exports
The Ministry of Agriculture, Rural Development, and Environment is requesting the support of local authorities to prevent the destruction of the island’s citrus crops....
https://knews.kathimerini.com.cy/en/news/two-found-dead-in-jetblue-landing-gear-compartment
On Tuesday, JetBlue confirmed that two bodies were found in the landing gear compartment of one of its planes after it completed a flight from New York....
https://knews.kathimerini.com.cy/en/business/how-the-european-artificial-intelligence-ai-act-will-transform-auditing-and-financial-reporting-and-the-crucial-role-of-the-external-auditor
The European Union took a bold step in August 2024 by adopting the AI Act, a landmark regulation designed to ensure that Artificial Intelligence systems are safe, ethical, and transparent. ...
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-greece-market-overview-2023-2024-and-projections-for-2025-and-beyond
The market underwent significant changes from mid-2023 onwards due to several global and regional factors....
https://knews.kathimerini.com.cy/en/news/‘murder-hornet-successfully-eradicated-from-u-s
The invasive northern giant hornet, often referred to as the "murder hornet," has been declared eradicated from the United States after an intensive, multi-year effort....
https://knews.kathimerini.com.cy/en/business/cyprus-risks-losing-grip-on-interconnector-amid-french-power-move
A reported agreement between Greece’s ADMIE and French investment fund Meridiam could alter the energy landscape of the Eastern Mediterranean, especially for Cyprus....
https://knews.kathimerini.com.cy/en/news/banks-under-fire-how-public-pressure-forced-a-shake-up
Over the past decade, Cypriot banks have paid over €500 million to the state through a special levy known as the ''double tax.''...
https://knews.kathimerini.com.cy/en/comment/opinion/inaction-and-inconsistent-pressure-threaten-our-future
The much-advertised mobility on the Cyprus problem, likely more for communication purposes than out of a genuine lack of awareness of the tragic reality, cannot, by itself, lead to a viable and mutually acceptable solution....
https://knews.kathimerini.com.cy/en/news/french-investment-powers-up-cyprus-greece-electricity-link-with-€1-9b-deal
A significant agreement has been reached for the long-anticipated Cyprus-Greece electricity cable project, led by ADMIE, Greece's power grid operator. This project, which aims to connect the power grids of Cyprus and Greece, has secured new funding and a strategic partner....
https://knews.kathimerini.com.cy/en/news/meta-slammed-with-€250-million-fine-for-facebook-data-breach
Meta, the parent company of Facebook, has been hit with a hefty fine of over €250 million (approximately £206 million) by the Irish Data Protection Commission (DPC) due to a significant data breach....
https://knews.kathimerini.com.cy/en/business/concerns-from-the-eib-regarding-the-electric-cable-project
Critical questions surrounding the electrical interconnection of Cyprus with the European electricity network through Greece have been raised in a letter from the Chamber of Engineers (ETEK) to the Ministry of Energy....
https://knews.kathimerini.com.cy/en/business/parliament-rejects-akel-s-5-bank-tax-bill-after-tense-showdown
A dramatic session in parliament ended with the rejection of a contentious proposal by the opposition party AKEL, which aimed to impose an extraordinary 5% solidarity tax on bank interest income for 2024 and 2025. ...
https://knews.kathimerini.com.cy/en/business/cyprus-recalls-11-000-mazda-demio-cars-over-faulty-airbags
The Cyprus government is facing a growing issue involving hundreds of cars that need to be recalled due to faulty airbags. Specifically, about 11,000 Mazda Demio vehicles, imported as used cars from non-EU countries,...
https://knews.kathimerini.com.cy/en/news/syrian-refugees-in-cyprus-urge-government-to-facilitate-their-safe-return-to-syria
A group of Syrian refugees in Cyprus, known as ''Syrians in Cyprus,'' has submitted a letter to Deputy Minister of Immigration and International Protection, Nicolas Ioannidis,...
https://knews.kathimerini.com.cy/en/business/moody-s-nick-hill-on-financial-risks-and-opportunities-for-2025
In an insightful conversation with Kathimerini's Panayiotis Rougalas, Nick Hill discusses the key macroeconomic risks and opportunities facing the region in 2025....
https://knews.kathimerini.com.cy/en/business/geopolitical-pressures-threaten-2025-recovery
Speaking at the 20th Economist Conference in Nicosia, Nick Hill highlighted the macroeconomic and geopolitical challenges shaping the global financial environment....
https://knews.kathimerini.com.cy/en/business/hellenic-bank-ceo-michalis-louis-on-merger-plans-and-cyprus-future
According to Kathimerini's Panayiotis Rougalas, Michalis Louis, in his first interview since becoming CEO of Hellenic Bank, discussed the challenges and opportunities ahead, especially in the context of the bank’s merger plans and its strategies for growth....
https://knews.kathimerini.com.cy/en/life/temu-s-tempting-deals-are-a-double-edged-sword-for-cypriot-shoppers
Temu, an emerging e-commerce platform, offers an extensive range of products, from gadgets and household goods to clothing and toys, at remarkably low prices....
https://knews.kathimerini.com.cy/en/news/city-engineers-investigate-balcony-collapse-in-neapolis
The Limassol Municipality has issued warnings to 400 buildings for necessary repairs, with 130 of them officially declared dangerous....
https://knews.kathimerini.com.cy/en/business/ai-in-finance-embrace-the-future-or-be-left-behind
Technology is changing how we do everything, and finance is no different. ...
https://knews.kathimerini.com.cy/en/business/cybersecurity-and-ict-risks-emerge-as-leading-drivers-of-operational-risk
Geopolitical tensions have significantly increased operational risks, particularly in the areas of cyber and digital threats, as well as risks related to money laundering and sanctions compliance....
https://knews.kathimerini.com.cy/en/news/cyprus-faces-schengen-conundrum-amid-unresolved-division
Cyprus remains caught in a political and logistical bind as Bulgaria and Romania prepare to join the Schengen free-movement area on January 1, 2025, according to a report by Kathimerini's Pavlos Xanthoulis....
https://knews.kathimerini.com.cy/en/news/the-greek-orthodox-priest-at-the-center-of-anti-woke-education
The ideological conflict in the US has shifted from a traditional left-versus-right divide to a new dichotomy: “woke” versus “anti-woke.”...
https://knews.kathimerini.com.cy/en/news/eu-eyes-embassy-staff-cuts-to-refocus-on-strategic-regions
The European Union is considering reducing staff at many of its embassies to refocus resources on strategically important regions, a move sparking concerns about its global influence, particularly in Africa and Latin America. ...
https://knews.kathimerini.com.cy/en/business/cyprus-dot-warns-drivers-about-takata-airbag-recalls-check-your-car-now
The Department of Road Transport (DOT) has issued an important reminder to vehicle owners in Cyprus about the ongoing recall of vehicles with defective parts, including Takata airbags. ...
https://knews.kathimerini.com.cy/en/comment/opinion/limassol-s-growth-deserves-equal-support
Who is driving development projects in Limassol, and how far have they progressed? Who decides how state development funds are allocated, and based on what criteria?...
