https://knews.kathimerini.com.cy/en/news/ecb-raises-interest-rates-5-with-further-rate-hikes-on-the-horizon
The European Central Bank (ECB) increased interest rates by more than expected on Thursday, raising its benchmark deposit rate by 50 basis points to zero percent, impacting the Cyprus banking system and local borrowers....
https://knews.kathimerini.com.cy/en/business/wfh-epidemic-blamed-for-travel-chaos-across-europe
The CEO of Qatar Airways has blamed the chaos at airports on a work-from-home "epidemic," Reuters reported on Monday....
https://knews.kathimerini.com.cy/en/news/european-nations-asked-to-immediately-start-rationing-natural-gas
To avoid energy shortages that would stall economic growth and leave households cold in the winter as Russia weaponizes its gas exports, European countries should immediately start rationing use of the fuel, the European Commission said on Wednesday, and cut their use 15 percent until next spring....
https://knews.kathimerini.com.cy/en/news/putin-will-restart-gas-pipeline-to-europe-but-with-conditions
Russian President Vladimir Putin signaled that Europe will start getting gas again through a key pipeline, but warned that unless a spat over sanctioned parts is resolved, flows will be tightly curbed....
https://knews.kathimerini.com.cy/en/news/sri-lankan-president-flees-country-amid-devastating-economic-crisis
Sri Lankan President Gotabaya Rajapaksa fled the country on Wednesday and hundreds of protesters stormed the prime minister's office demanding his ouster, as a people's uprising over a devastating economic crisis overwhelmed security forces....
https://knews.kathimerini.com.cy/en/news/cancellations-delays-and-strikes-which-destinations-are-the-most-affected
What to know and what to pay attention to those who are preparing to travel...
https://knews.kathimerini.com.cy/en/news/ba-cancels-hundreds-more-flights-this-summer
Most of the axed journeys, around 650, are in July while Heathrow and Gatwick airports will see around two-thirds of the cancellations....
https://knews.kathimerini.com.cy/en/news/emergency-state-doctors-strike-again
State emergency doctors went on strike Tuesday morning for three hours citing staff shortages and other issues, with state officials crying foul over the work stoppage and accusing union bosses of misinforming the public...
https://knews.kathimerini.com.cy/en/business/the-end-of-an-era-as-revlon-files-for-bankruptcy
The US cosmetics group Revlon has filed for bankruptcy protection after battling supply chain problems and failing to compete with celebrity-backed and social media-savvy upstarts....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-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.
...
https://knews.kathimerini.com.cy/en/news/staff-shortages-lead-to-travel-chaos-at-european-airports
Even though the COVID-19 travel restrictions have already been lifted in the majority of European Union states, travellers continue facing other inconveniences at European airports....
https://knews.kathimerini.com.cy/en/news/nouris-over-150-000-migrants-expected-this-year-in-southern-europe
Mediterranean countries on major migrant routes into Europe expect over 150,000 arrivals this year as food shortages caused by the Ukraine conflict threaten a new migration wave from Africa and the Middle East....
https://knews.kathimerini.com.cy/en/business/ec-approves-890-000-euro-scheme-to-support-cypriot-halloumi-makers
The European Commission has announced it has approved a state aid scheme worth a total of 890 thousand euros for halloumi producers, in the context of dealing with the economic effects of the coronavirus pandemic....
https://knews.kathimerini.com.cy/en/news/greece-experiencing-significant-staff-shortages-at-hotels
Greek hotels are looking to fill 55,000 positions this summer, during what is expected to be a very busy season, according to hoteliers....
https://knews.kathimerini.com.cy/en/news/downed-russian-fighter-jets-being-found-with-basic-gps-taped-to-the-dashboards
Wrecked Russian fighter jets are being found with rudimentary GPS receivers "taped to the dashboards" in Ukraine because their inbuilt navigation systems are so bad, the UK defense minister said....
https://knews.kathimerini.com.cy/en/news/amsterdam-airport-calls-on-airlines-to-cut-flights-amid-chaotic-crowds
Staff shortages exacerbated by a strike have caused huge delays at Amsterdam's Schiphol airport during the holiday season. The airport has now asked airlines to reduce the number of passengers by cutting flights....
https://knews.kathimerini.com.cy/en/news/global-food-prices-rise-to-highest-ever-levels-in-march
Global food prices rose to their highest ever levels in March as a result of Russia’s invasion of Ukraine, the UN has reported....
https://knews.kathimerini.com.cy/en/news/medvedev-we-will-supply-food-and-crops-only-to-our-friends
Russian President Vladimir Putin said sanctions imposed by Western nations would lead to a global food crisis, Reuters reported....
https://knews.kathimerini.com.cy/en/news/ukraine-will-europe-be-able-to-remaine-united-against-putin
As the war in Ukraine now enters its sixth week of operations in conditions of undiminished intensity, with threats escalating, cracks widening and bombs raining down, it is clear that the crisis will be a marathon and the ongoing struggle an endurance struggle for all those directly and indirectly involved....
https://knews.kathimerini.com.cy/en/news/lagarde-cyprus-will-be-affected-by-inflation-and-rising-energy-costs
Cyprus will be affected by inflationary pressures and higher energy costs due to its dependence on oil imports for electricity generation, according to European Central Bank President Christine Lagarde....
https://knews.kathimerini.com.cy/en/news/president-turkey-s-circumvention-of-sanctions-hugely-impacts-cyprus
The President of the Republic Mr. Nicos Anastasiadis participated today in a preparatory teleconference convened by the President of the European Council Mr. Charles Michel...
https://knews.kathimerini.com.cy/en/news/agricultural-minister-to-farmers-don-t-panic
Support measures for farmers at EU level are expected soon, Agriculture Minister Costas Kadis said on Thursday urging farmers not to panic....
https://knews.kathimerini.com.cy/en/news/energy-minister-expects-developments-on-cyprus-confirmed-gas-deposits
Cyprus’ Minister of Energy, Trade and Industry Natasa Pilides has told CNA she expects developments soon regarding the exploitation of Cypriot natural gas fields, given the large increase in natural gas prices internationally....
https://knews.kathimerini.com.cy/en/news/world-faces-food-crisis-due-to-ukraine-war
A global food crisis looms unless the war in Ukraine is stopped because fertilizer prices are soaring so fast that many farmers can no longer afford soil nutrients, Russian fertilizer and coal billionaire Andrei Melnichenko said on Monday....
https://knews.kathimerini.com.cy/en/news/anastasiades-visits-pournara-after-reports-of-unsuitable-conditions
President Nicos Anastasiades visited Pournara at 9 am this morning after reports surfaced on the unsuitable living conditions of minors being housed at the center. ...
https://knews.kathimerini.com.cy/en/news/usa-first-man-to-receive-pig-heart-transplant-dies
The first person to receive a heart transplant from a pig has died, two months after the groundbreaking experiment, the Maryland hospital that performed the surgery announced Wednesday....
https://knews.kathimerini.com.cy/en/news/show-this-to-putin-a-doctor-in-mariupol-says-after-the-death-of-18-month-old-kirill
A man dashes into a hospital with a desperately wounded toddler in his arms, the child’s mother on his heels. Doctors use smartphone torches to examine patients’ wounds....
https://knews.kathimerini.com.cy/en/news/in-historic-shift-germany-ramps-up-defense-spending-due-to-russia-s-ukraine-war
Chancellor Olaf Scholz on Sunday announced a major boost to German military spending in the latest of a series of dramatic moves reversing decades of Germany’s post-Cold War foreign policy in just a few days....
https://knews.kathimerini.com.cy/en/news/global-markets-tumble-after-putin-orders-invasion
The FTSE 100 index fell by more than 1.5 percent today and European shares hit a seven-month low with a long-feared Russian invasion of Ukraine now appearing to be underway....
https://knews.kathimerini.com.cy/en/news/ministry-of-labor-job-interviews-begin-on-thursday
Employment interviews conducted by the Ministry of labor will begin this Thursday and Friday. The move aims to match job seekers to prospective employers and is part of an effort to meet the needs of the hotel industry in Limassol and Paphos, provinces that seem to be facing the biggest staffing shortages....
