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361. Rift over gas cap looms over EU energy crisis plans

EU energy ministers meet in Brussels on Thursday to approve the latest set of emergency measures to mitigate an energy crisis, but the plans risk being eclipsed by disagreements over whether and how to cap gas prices...

362. World Cup 2022: Solution found for the beer ban in Qatar

Before the host country banned alcohol consumption inside and outside the stadiums at the last minute, a solution for the... warehouse of beers supplied by Budweiser for this year's World Cup was finally found....

363. Raising the Black Friday bar

This year's Black Friday is expected to be much stronger and more appealing to consumers than last year's Black Friday. Following the tepid and disappointing performance of 2021, market participants believe this is the case. ...

364. US regulators say lab-grown chicken is safe to eat

A meat product grown in a lab has been cleared for human consumption for the first time....

365. Finance Minister calls for the repeal of foreclosure suspension

The Ministry of Finance proposes delaying the law on divestiture suspension. ...

366. Report claims 3-4 companies produce spyware in Cyprus

Cyprus's parliament opened an inquiry on Wednesday into the development of spyware on the island, after a draft European Parliament committee investigation report said it was an important export hub for the surveillance industry....

367. Consumer protection laws - 'Offers' that are real offers

Ms. Elena Papachristoforou, a consumer service and protection officer, explained the legal framework in consumer protection and the impact of the new amendments on consumers and traders on the radio show "News Release" on SPOR FM 95.0....

368. Initial PEGA report - Cyprus is an appealing destination for spy goods

369. Qatar: Beer banned at stadiums just 2 days before World Cup

The sale of alcohol is strictly controlled in Qatar, and it had to relax its restrictions to allow FIFA sponsor Budweiser to sell its products outside World Cup match venues and fan zones. Now, fans have been told they cannot buy beer at any games during the tournament....

370. FT: Former PWC Cyprus accountants take on company's Russian clients

A group of PwC partners has launched a breakaway firm in Cyprus to take on work from Russia-linked clients that the Big Four accountants will no longer touch....

371. Turkey intends to drill south of the island of Crete

Turkish President Recep Tayyip Erdogan on Thursday announced Turkey’s plans to drill for hydrocarbons – oil and natural gas – in its maritime zone, as well as on land and sea in third countries....

372. Prepare for an increase in grain prices

Agriculture Minister Costas Kadis told 'K' that there is no concern about grain sufficiency in the Cypriot market at this time, explaining that strategic stocks of grains received in the summer remain in importers' silos. ...

373. €6 million chalet just one of several investments planned for the mountains of Cyprus

The new €6.3 million project in Moniatis, which is looking for a buyer, shows that investment in mountainous areas is picking up steam. With DTA's Guru projects, the creation of the Tree Hotel, hotel acquisitions by Property Gallery, and the restoration of the Berengaria Hotel in Prodromos, interest has recently begun to be more active....

374. China finds friendly ear in Cyprus as EU cranks it up

Cypriot House Speaker Annita Demetriou reaffirmed Nicosia’s One China position this week during a meeting with the Chinese ambassador, who responded with a similar One Cyprus principle as the two countries sought to strengthen ties while Brussels warned EU should steer clear...

375. Are milk, meat and coffee still affordable?

According to the Consumer Protection Service's Price Observatory, price increases of up to 21% and price decreases of up to 13% were observed between September 14 and October 12....

376. Banking sector to cut 600 more employees

The number of employees in the Cypriot banking sector will have been reduced further by the end of 2022. By the end of this year, 600 bank employees will have left the company, while about 50 will have been transferred to a similar but non-banking sector....

377. Two families sue Amazon for selling 'suicide kits' to teens

Amazon is facing a lawsuit accusing it of selling so-called suicide kits, brought by the families of two teenagers who bought a deadly chemical on the company's website and later used it to take their own lives....

378. Global fintech market resilient in H1’22 - $107.8 billion in investment, according to KPMG’s Pulse of Fintech

Global fintech investment declined from $111.2 billion in H2’21 to $107.8 billion in H1’22, but remained remarkably resilient compared to historical trends given the challenges affecting the broader investment market, including geopolitical uncertainty, growing inflation, and increasing interest rates. ...

379. California to allow human remains to be composted and used as soil

California will begin offering the option of human composting after death thanks to a bill recently signed into law that aims to tackle climate change....

380. Only PDO halloumi available in the market from today

As of today, inspectors from the Ministry of Agriculture have started inspections in supermarkets and store refrigerators to remove non-PDO branded halloumi products....

381. Consumer watchdog releases price index for September on basic consumer goods

The Consumer Watchdog has released the price index for basic consumer goods for the month of September....

382. EC to force energy companies to share their profits

The European Commission plans to raise more than €140 billion to relieve consumers from soaring energy prices, according to Reuters, by "taking a chunk of the revenue from low-cost electricity producers and forcing fossil fuel companies to share their huge profits. ...

383. Woman forcibly takes savings from Beirut bank using toy gun (video)

A woman accompanied by activists and brandishing what she said was a toy pistol broke into a Beirut bank branch on Wednesday, taking $13,000 from her trapped savings....

384. Non-PDO halloumi being sold off at deeply discounted prices

Many supermarket chains and stores that sell halloumi are offering deep discounts on singular or bulk sales of the cheese. These are clearly those products that do not fall within the PDO specifications and are not labeled accordingly....

385. Washington scratches beneath surface in Aegean dispute

The State Department called on Turkey and Greece 'to refrain from rhetoric and actions that could further escalate tensions,' with a statement from Washington that Greece’s sovereignty over these islands was not in question tying to Turkey’s grievances over 'width of territorial waters and national airspace'...

386. Russia says no to oil price caps, warns of cut off

The Kremlin said on Friday that Russia would stop selling oil to countries that impose price caps on Russia's energy resources - caps that Moscow said would lead to significant destabilization of the global oil market....

387. Yiorkio finds patron after years of rejection

Nicosia’s abandoned luxury hotel Yiorkio Residence has been sold to a group focusing on upscale living, with reports saying the bidder is shelling out €20 million to acquire one of Cyprus’ real estate puzzles...

388. US response muted following reports of Turkey's second S-400 shipment

The Biden administration on Tuesday stopped short of threatening additional penalties following reports Turkey plans to receive the second batch of the Russian S-400 missile defense system....

389. Cypriot MEP spills the beans in spying scandal

Cypriot MEP Demetris Papadakis is warning authorities on his native island to stay away from cover-up attempts and instead 'fully investigate' allegations of espionage and wiretapping by politicians and police using illegal malware...

390. China retaliates with military drills off Taiwan's coast after Pelosi visit

China kicked off its biggest-ever military exercises in the seas around Taiwan following US politician Nancy Pelosi's visit....