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2401. Revenue from ship management dips

Ship management revenues decreased in the first half of 2019 by €5 million, according to the results of the Ship Management Survey for the first half of 2019, concerning the transactions of resident ship management companies published Wednesday by the Central Bank of Cyprus...

2402. EY climbs World’s Best Workplaces list

EY has been named the #1 professional services employer for the fourth consecutive year in Universum’s 2019 “World’s Most Attractive Employers” annual ranking – moving up one place on 2018 to become the second most attractive employer overall...

2403. Cops build case following vice raid

A married couple has been remanded in custody in connection with their involvement in an illicit massage parlour business where foreign women worked part-time offering erotic services to male clients including handjobs...

2404. Social determinants undermine the progress of modern medicine

The rise in illnesses caused by our behaviours and the social determinants of health threatens to suffocate budgets in both wealthy and poor countries, while suppressing the power of modern medicine to improve lives...

2405. MAP S.Platis joins forces with global firm FTI Consulting

2406. Anti-Money Laundering and Terrorist Financing Preventing Framework: Legislation Gaps

Over the last years, the EU has developed a solid regulatory framework for preventing money laundering and terrorist financing. However, these rules are not always able to capture the growing technological developments and potential gaps that can be exploited by criminals...

2407. People froze to death inside trailer

Prime Minister Boris Johnson said he was appalled by the news of 39 bodies found in a trailer on Wednesday, with media speculation pointing to victims of human trafficking who froze to death...

2408. Landlord jailed for child sexual exploitation

An elderly male, who rented out a property to a woman and her young daughter, has been sentenced to three years for having lewd conduct with a child for several years...

2409. Bills for Brits clear House committee

Two bills targeting post-Brexit rights for British residents in Cyprus have cleared the House labour committee, while the language of the bill reportedly provides for a start date that has been left blank...

2410. Financial Services towards Artificial Intelligence and Machine Learning

Artificial Intelligence in general and machine learning in particular, is not a new concept, but it is only in recent years that financial services firms have started to learn about and understand its full potential...

2411. Impeachment inquiry hits close to home

Congresswoman Maxine Waters says there is “absolutely” enough evidence to draft articles of impeachment against Trump, adding that she and other committee chairs can finish their investigations “before the year is out"...

2412. Cyprus fiscal surplus at 4.3% of GDP

Cyprus general government surplus was at 4.3% of GDP in the first eight months of 2019, mainly due to the increase in social contributions and revenue from taxes, according to the preliminary General Government fiscal results for the period of January-August 2019 released Friday by the Statistical Service of Cyprus. ...

2413. US Embargo on Turkish drilling in East Med

Turkish opposition newspaper Cumhuriyet reported yesterday on the reasons for the departure of the drillship Yavuz from Karpasia and the expected departure of Fatih currently off the coast of Paphos. It confirms the difficulties faced by the two Turkish drilling rigs that are related to the reluctance of major firms to cooperate with Turkey in the supply of materials for research and extraction of hydrocarbons. ...

2414. K.Treppides & Co Ltd: Time Value of Money

What if a close friend asks today to borrow 1,000EUR with the precondition to repay the exact same amount in five years? Would you take the deal or not?...

2415. Young student says teacher roughed him up

An elementary student in Limassol says he was roughed up by his teacher, while the boy’s legal guardian says this was not an isolated incident...

2416. Rights of Cypriot nationals secured after Brexit

The visit by the Secretary of State for Brexit Stephen Barclay to Cyprus on Wednesday is part of the UK Government’s engagement with EU member states “as the UK seeks to reach a deal with the backstop removed,” a DExEU spokesperson told the Cyprus News Agency in London...

2417. Parents charged with child endangerment

A foreign couple in Paphos has been charged with exposing a child to harm after their two-year-old was said to have been out and about late at night near the village square...

2418. 'Get ready for Brexit' launches in Cyprus

The UK Government launched on Monday a major information campaign urging UK nationals living in Cyprus to get ready for Brexit on 31 October...

2419. Two women busted in prostitution sting

Two foreign women arrested in an undercover prostitution sting in Larnaca are facing charges of illegal gains while also being charged with violating immigration rules...

2420. US ambassador cautions Nicosia over 5G

Nicosia is feeling the pressure over 5G technology as the Republic is caught in an international tech war between superpowers, only months away from state-owned Cyta making a move to upgrade its network...

2421. Teen death probe to leave no stone unturned

Ombudswoman Maria Stylianou-Lottides says a full-fledge investigation will be conducted into last week’s death of a teenage boy in Nicosia, adding that a team already in place will focus on a number of state services and agencies...

2422. Migration and geopolitics

The significant increase in the arrival of refugees and migrants recorded on Greece’s Aegean islands over the past few weeks is cause for concern as it indicates that Turkey is seeking to exploit the issue in order to remind the European Union of Ankara’s critical role in containing inflows. ...

2423. More US energy companies to operate in Cyprus, US Ambassador says

US Ambassador to Cyprus Judith Garber expressed on Wednesday evening her conviction that more US energy companies will operate in Cyprus, joining ExxonMobil and Noble Energy. She was addressing a business dinner of the American Chamber of Commerce in Cyprus, in Nicosia, in the presence of Foreign Minister Nikos Christodoulides...

2424. Brexit no-deal preparedness: Final Commission call to all EU citizens and businesses

With 8 weeks to go until the United Kingdom's withdrawal from the European Union on 31 October 2019, the Commission has today – in its 6th Brexit preparedness Communication – reiterated its call on all stakeholders in the EU27 to prepare for a ‘no-deal' scenario. In light of the continued uncertainty in the United Kingdom regarding the ratification of the Withdrawal Agreement – as agreed with the UK government in November 2018 – and the overall domestic political situation, a ‘no-deal' scenario on 1 November 2019, remains a possible, although undesirable, outcome...

2425. Police find no grounds to investigate bishop

Police say they found no grounds to investigate allegations against a Morphou Bishop Neophytos, who has been accused of inciting hate during comments about homosexuality...

2426. Medical cannabis law back to the drawing board

The period for public discussion on a state-sponsored medical cannabis amendment has expired, with the House getting ready for a new debate on which doctors and how much they could prescribe to their patients...

2427. Finance minister pleased with Waters’ visit

Finance Minister Harris Georgiades says a visit by a US delegation affirms that Cyprus is on the right track in combating money laundering, following a statement by California Congresswoman Maxine Waters who said “Cyprus is up to the challenge....

2428. Online madam in north jailed in the UK

A British woman who was arrested in the north last year for abusing children in an online porn business, has been sentenced to twelve years and four months in the UK...

2429. Waters’ summer mission reaches Cyprus

California Congresswoman Maxine Waters is on summer recess trip to Europe with a US special delegation on a mission meeting with officials in Switzerland and Cyprus...

2430. West Nile case in Bulgaria linked to Cyprus

Two cases of the West Nile Virus have been confirmed in Bulgaria, with one of the patients said to have lived in Cyprus during a part of the summer...