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751. EY reports global revenues of US$40b in 2021 and outlines record US$10b investment plan over next three years

EY announces combined global revenues of US$40b for the financial year ended June 2021 (FY21), an increase of 7.3%, a solid result given the global economic impact caused by the COVID-19 pandemic. ...

752. Greece and France ink ‘historic’ defense agreement

French President Emmanuel Macron and Greek Prime Minister Kyriakos Mitsotakis inked what they described as a “historic” defense agreement in Paris on Tuesday....

753. Global CEO confidence returns to pre-pandemic levels

CEOs of the world’s largest businesses are increasingly optimistic about the outlook for their own business and despite the Delta variant slowing down the ‘return to normal’, their confidence in the global economy has returned to levels not seen since the start of the pandemic....

754. Europe late in growing up

As the Indo-Pacific security alliance between the United States, Britain and Australia demonstrated, the international geopolitical landscape is changing in rapid and unforeseeable ways....

755. Military talks with US going down to the wire

Negotiations between Greece and the US on a technical and diplomatic level will be in progress until the last moment...

756. Non-emergency surgeries to resume

The Organization for Public Health Services (OKYPY) announced today the resumption of non-emergency surgeries in its hospitals....

757. KPMG and CIM offered 2 academic scholarships

758. Accountants to have bigger say in important investments

Chartered accountants will be given a role in speeding up investment projects deemed “strategic” by the state, according to a bill still in the public consultation stage. Besides their usual role in attesting the legality of the investments’ implementation, accountants will also have a role in evaluating the plans. One of the incentives the bill provides to strategic investors is that the plans will be approved and formally given the go-ahead within 45 days....

759. Biden taps close advisor as energy plots thicken

US State Secretary Antony Blinken has appointed a businessman and former lobbyist as energy security envoy, signaling a new strategic focus in Washington in the aftermath of thorny geopolitics over Nord Stream 2 and unresolved issues relating to the eastern Mediterranean...

760. Nicosia fares well in intense EU council

Nicosia has welcomed a European Council statement that included conclusions on Turkey, after the EU27 leaders held long and protracted consultations that got testy at times especially during Russia talk...

761. Biden and Putin take center stage

US President Joe Biden and Russian President Vladimir Putin decided at a 'pragmatic' first summit on Wednesday to hold arms control and cyber-security talks and return their respective ambassadors, while agreeing to differ on other issues...

762. ECB tells Cyprus lawmakers to get it right

Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that 'such policies can also backfire and destabilize the banking sector if designed in a haphazard manner'...

763. No fly on the wall during Brussels meeting

Greek Prime Minister Kyriakos Mitsotakis and Turkish President Recep Tayyip Erdogan meet Monday in Brussels where they are attending a NATO Summit, with reports saying the two leaders at some point plan to have only their interpreters in the room...

764. Family businesses in Europe fared better in response to COVID-19

For businesses of all types, the first impact on the pandemic was felt on revenues. 64% of European family businesses reported initial revenue losses compared to 69% of family businesses globally, 25% managed to maintain their revenue levels, and 11% experienced increases...

765. KPMG and CIM offer 2 scholarships

KPMG in Cyprus and the Cyprus Institute of Marketing – The Cyprus Business School (CIM) offer for third consecutive year the opportunity to two fellow citizens to acquire an undergraduate or a postgraduate degree...

766. Threedium sets sights on US market: A Cyprus Success Story in the Making

In April of 2017, five ambitious tech enthusiasts fresh out of university, of whom two were Cypriot, had a vision: to bridge the gap between online and in-store experiences by building a solution that would help customers better understand and evaluate the products they were browsing to buy...

767. US-Turkish alliance at a critical crossroads

The rift between Joe Biden and Recep Tayyip Erdogan runs deep as the American president – in contrast to his predecessor – attaches a great deal of importance to respect for democratic values and does not see his Turkish counterpart as willing to cooperate in the framework of a world order based on shared principles and rules, Ian Bremmer, the head of Eurasia Group, tells Kathimerini in an interview....

768. We are committed to seeing EastMed through

Israel's cooperation with Egypt and the strengthening of relations with other Gulf states contribute to peace, while enabling Israel and Cyprus to work together with other friendly nations, Sammy Revel says in an interview with Kathimerini...

769. IMF: Withdrawal of support measures should be gradual

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities from March 8–29, 2021 to discuss recent economic developments and policy priorities on the island. In an interview with Kathimerini Cyprus, IMF mission chief for Cyprus, Anita Tuladhar, said the longer the recovery period in sectors related to tourism, the greater the chance that permanent scars will remain in the economy of Cyprus. Tuladhar also noted the importance of state-sponsored programs to support the economy....

770. Michel says EU will be active observer in Cyprus peace talks

The EU remains committed to the resumption of Cyprus peace talks and is looking forward to the informal meeting set to take place in Geneva later this month, where it will participate as an active observer, European Council President Charles Michel said Tuesday after meeting with Recep Tayyip Erdogan in Ankara....

771. Biden: I have not given up on the Cyprus issue

US President Joe Biden has pledged that he has not given up on the Cyprus issue...

772. EastMed pipeline could be ready in five years

The EastMed pipeline could be in place in five years, Israeli Minister of National Infrastructure, Energy and Water Resources, Yuval Steinitz, has told the Cyprus News Agency (CNA), describing it as an extremely important project....

773. Florida giant denies Huawei in Cyprus

An American company has put words into action in the middle of global 5G wars, with Phoenix Tower International and Monaco Telecom announcing an agreement that includes acquiring newly constructed wireless towers across Malta and Cyprus...

774. Erdogan wishes to improve testy relations with US

Turkey’s president says mutual interests with the United States outweigh their differences and has called for more cooperation with President Joe Biden’s new US administration....

775. FinMin: Cyprus to reduce debt once pandemic normalises

Cyprus Minister of Finance Constantinos Petrides told the Cyprus News Agency that the government will begin reducing public debt, increased due to strategic cash reserves, once the pandemic begins to normalise....

776. US against two-state deal on Cyprus, Heather A. Conley tells Kathimerini

Heather A. Conley is no stranger to Greece as she has made a point of visiting the country every year and also participated in the 2019 Delphi Forum – the last that actually took place in Delphi. A Washington veteran, she is senior vice president for Europe, Eurasia and the Arctic and director of the Europe, Russia and Eurasia Program at the Center for Strategic and International Studies (CSIS)....

777. US says Turkish coup claims 'wholly false'

The US State Department said on Thursday assertions by Turkish officials that the United States was involved in a failed 2016 coup in Turkey were 'wholly false'...

778. President lashes out at critics

Cypriot President Nicos Anastasiades in a televised address on Thursday rejected allegations of corruption within his office and administration, accusing the opposition and media of singling out his former law firm for being involved with golden passports and appealing on the political parties’ patriotism to support a new strategic plan to fight corruption...

779. Policy priorities unaffected by pandemic, FinMin says

Despite the crisis of the Covid-19 pandemic Cyprus’ economic policies remain the same, targeting macroeconomic and financial stability, prudent fiscal policies, and establishing a competitive, business-friendly regulatory environment of high standards, Minister of Finance Constantinos Petrides said on Thursday....

780. The key to a successful investment lies in… behaviour?