https://knews.kathimerini.com.cy/en/news/houthi-strikes-send-prices-soaring-in-global-trade
In recent weeks, the developments in the Red Sea, with the Houthi attacks on commercial ships and their impact on global trade, have dominated the discussions of suppliers with their partners....
https://knews.kathimerini.com.cy/en/news/lagarde-trump-clearly-a-threat-to-europe
According to a report in the Financial Times today, ECB President Christine Lagarde expressed concern over the potential re-election of Donald Trump as US president, stating that it is 'clearly a threat' to Europe based on his policies during his first term....
https://knews.kathimerini.com.cy/en/news/houthi-rebels-reject-us-maritime-shield-typhoon-aircraft-take-off-from-akrotiri
As the sun sets over the Akrotiri base in Cyprus, a celestial dance unfolds. Two pairs of Typhoon FGR4 aircraft, gracefully reported by British TV channels, take flight....
https://knews.kathimerini.com.cy/en/news/greek-tanker-hijacked-in-persian-gulf-heads-towards-iranian-port
In a concerning development, shipping sources and the British Maritime Safety and Security Office (UKMTO) report the hijacking of a ship of Greek interests in the Persian Gulf, ...
https://knews.kathimerini.com.cy/en/news/seven-drones-shot-down-in-major-red-sea-battle
In a high-stakes operation, a British warship thwarted seven drones launched by Iranian-backed Houthi fighters in the Red Sea....
https://knews.kathimerini.com.cy/en/news/global-economy-faces-worst-5-year-period-in-30-years
The World Bank projects a sluggish global economy from 2020 to 2025, marking the worst five-year period in the last three decades....
https://knews.kathimerini.com.cy/en/news/cyprus-faces-widening-trade-gap-as-imports-surge-in-2023
Cyprus bought more goods from other countries than it sold to them by nearly €8 billion from January to November 2023. That's up by about €962 million compared to the same time frame in 2022, according to new data from Cyprus' statistics office....
https://knews.kathimerini.com.cy/en/news/south-korea-bans-dog-meat-landmark-legislation-ends-centuries-old-practice
South Korea's parliament passed a bill on Tuesday to ban the eating and selling of dog meat, a move that will end the controversial centuries-old practice amid growing support for animal welfare....
https://knews.kathimerini.com.cy/en/news/cyprus-redefines-sustainability-with-new-housing-grants
In an exclusive announcement, the Ministry of Energy, Trade, and Industry is reaching out to stakeholders for their input on the innovative ''Grant Scheme for Renewable Energy and Energy Saving in Housing 2024-2025.''...
https://knews.kathimerini.com.cy/en/business/79-jump-in-consumer-complaints-this-year
In a substantial leap from 2022, the Cyprus Consumer Association reports a noteworthy spike in four complaint categories in 2023....
https://knews.kathimerini.com.cy/en/business/aging-global-shipping-fleet-raises-environmental-concerns
The global shipping fleet has reached its oldest average age in nearly 15 years, a concerning trend as the industry faces mounting pressure to adopt greener practices....
https://knews.kathimerini.com.cy/en/news/cyprus-tax-reform-targets-green-initiatives-and-economic-revitalization
By March 2024, the initial six phases of the tax transformation project commissioned by the Ministry of Finance to the Centre for Economic Research of the University of Cyprus will conclude,...
https://knews.kathimerini.com.cy/en/news/un-chief-expresses-concern-over-deepening-divide-in-cyprus
''It becomes clearer with every passing year that the divide between the sides is growing, gradually eroding the prospects of finding a mutually acceptable political settlement''...
https://knews.kathimerini.com.cy/en/news/18-major-shipping-companies-divert-routes-away-from-red-sea
In response to a surge in attacks on merchant ships, 18 significant shipping companies have opted to avoid transiting the Red Sea, as reported by the International Maritime Organization (IMO). ...
https://knews.kathimerini.com.cy/en/news/cyta-unions-stage-two-hour-work-stoppage-over-staff-future
In response to management's proposed alterations to the future of Cyta's staff, the unions are initiating a decisive move with a two-hour work stoppage today from 8-10 am....
https://knews.kathimerini.com.cy/en/news/president-announces-imminent-cabinet-reshuffle-within-18-months
A Cabinet reshuffle will take place before the completion of 18 months of governance, President Nikos Christodoulides said in an interview on Sunday with the newspaper "Phileleftheros", noting that decisions will be taken on the basis of his own assessment and the messages he receives from the society....
https://knews.kathimerini.com.cy/en/news/the-intriguing-story-of-the-apple-watch-controversy
In 2013, an executive from a medical device company presented an enticing proposal to Tim Cook, Apple's CEO—an entry into the medical device space...
https://knews.kathimerini.com.cy/en/news/1-half-of-container-ships-avoid-red-sea-due-to-attacks
In a dramatic response to mounting security threats, half of the container ships navigating the Red Sea and the Suez Canal are steering clear of the danger zone....
https://knews.kathimerini.com.cy/en/news/cypriot-market-braces-for-impact-amidst-suez-canal-disruptions
In a recent interview with KEBE Secretary General Marios Tsiakkis, concerns were raised about the inevitable impact on product prices in Cyprus due to increased fees for ships carrying containers. ...
https://knews.kathimerini.com.cy/en/news/houthi-threat-spurs-quick-shield-for-cypriot-ships
The Deputy Ministry of Shipping has taken temporary measures to protect Cypriot ships due to the attacks by Yemen's Houthi movement against ships passing through the Bab-el-Mandeb strait....
https://knews.kathimerini.com.cy/en/business/cyprus-implements-protective-measures-for-ships-amid-houthi-attacks
The Deputy Ministry of Shipping has taken temporary measures to protect Cypriot ships due to the attacks by Yemen's Houthi movement against ships passing through the Bab-el-Mandeb strait between Yemen and northeast Africa leading to the Red Sea, Deputy Minister of Shipping, Marina Hatzimanolis told CNA on Wednesday....
https://knews.kathimerini.com.cy/en/news/us-ambassador-discusses-cyprus-and-russian-influence-in-exclusive-interview
In an exclusive interview with Kathimerini, the U.S. Ambassador to Cyprus weighs in on whether the island nation's ties to Russian influence are changing. ...
https://knews.kathimerini.com.cy/en/news/cyprus-cheese-industry-shuts-down-amid-regulatory-dispute
The Cyprus Cheesemakers Association has made a unanimous decision to shutter all cheese dairies starting January 10, 2024, following a protracted disagreement with government authorities over regulatory changes....
https://knews.kathimerini.com.cy/en/news/xylofagou-potato-gains-international-fame-in-sweden
The renowned potato of Kokos Tasos in Xylofagou has made its mark on the international stage, finding its way to Sweden....
https://knews.kathimerini.com.cy/en/news/the-big-decision-minister-s-plan-for-wage-boost
In a recent Labour Advisory Body session, Minister Yiannis Panayiotou remained tight-lipped about the upcoming announcement on the national minimum wage....
https://knews.kathimerini.com.cy/en/news/eu-s-schinas-criticizes-veto-use-stresses-need-for-compromise
European Commission Vice President Margaritis Schinas voiced concerns about the use of the veto as a primary defense tactic, stating that it hinders compromise rather than facilitating it....
https://knews.kathimerini.com.cy/en/news/major-shipping-firms-redirect-routes-as-red-sea-attacks-intensify
In a significant move with potential global repercussions, major shipping companies, including MSC, Maersk, and Hapag-Lloyd, opt to steer clear of the Red Sea route....
https://knews.kathimerini.com.cy/en/business/workforce-crisis-grips-cyprus-as-12-000-job-vacancies-surge
In the hotel, catering, and retail sectors, an estimated 12 thousand personnel needs have prompted relevant professional associations to jointly appeal to the Ministry of Labour, seeking simplified procedures for hiring staff from third countries....
https://knews.kathimerini.com.cy/en/news/themis-themistocles-signals-potential-2024-interest-rate-cut
In their ''Year Ahead 2024'' forecast, analysts at Swiss financial giant UBS anticipate a slowdown in the strength of the US economy throughout 2023. ...
https://knews.kathimerini.com.cy/en/news/uk-and-cyprus-to-strengthen-global-collaboration
The UK Foreign, Commonwealth and Development Office Director General for Europe, Peter Wilson and the Republic of Cyprus Ministry of Foreign Affairs Permanent Secretary, Kyriacos Kouros chaired the first annual review of the UK-Cyprus Memorandum of Understanding....
