Profound changes in how the global economy operates, from increased protectionism to energy transition, could create greater inflation volatility and more persistent price pressures, European…
British Cypriots a “powerful bridge” between Cyprus and the UK -High Commissioner
British Cypriots play a significant role in bilateral relations between Cyprus and the United Kingdom, the UK High Commissioner in…
Famagusta resort area’s leisure centres send out SOS over high cost of living
The Mediterranean island’s prevailing high cost of living has brought owners of leisure centers in the popular coastal Famagusta resort…
Big Tech braces for roll-out of EU’s Digital Services Act
More than a dozen of the world’s biggest tech companies face unprecedented legal scrutiny, as the European Union’s sweeping Digital…
Turkey shocks with big rate hike to 25%, boosting lira
Turkey’s central bank hiked its key interest rate by a larger-than-expected 750 basis points to 25% on Thursday, sparking a…
Cabinet approves incentives for company acquisitions and mergers
The Council of Ministers on Thursday gave the green light to an action plan featuring incentives to encourage company acquisitions…
Minimum-wage hotel industry workers to receive salary hike after Cabinet decision
The Cabinet on Thursday announced an increase in the minimum wage limit and the inclusion of the cost-of-living-adjustment (CoLA) in…
Fukushima wastewater released into the ocean, China bans all Japanese seafood
Japan started releasing treated radioactive water from the wrecked Fukushima nuclear power plant into the Pacific Ocean on Thursday, a…
Pandemic, inflation push 68 million more in Asia into extreme poverty
The coronavirus pandemic and rise in cost of living have pushed close to 70 million more people in developing Asia into extreme…
Fuel prices rise to highest point since March 2022
Fuel prices in Cyprus are significantly more expensive today compared to those on March 7, 2022. On that day, a…