Britain is likely to lose nearly one in six of its U.S. dollar millionaires by 2028, but their number is set to grow in other countries including the United States and surge in Taiwan, according to a report published on Wednesday. The UBS Global Wealth Report for 2024 forecast the number of dollar millionaires in Britain would fall […]
Procedures surrounding migration need an overhaul as they could be a tool for the country’s economic development, deputy migration minister Nicholas Ioannides said on Wednesday. During a meeting at Depa’s offices, Ioannides briefed the party’s leader Marios Garoyian over the government’s strategy on combating migration. He said emphasis must be placed on the asylum service […]
Labour Minister Yiannis Panayiotou appeared optimistic that the builders’ collective agreement, pending since 2022, would be finalised this month. Panayiotou presented to the employers and trade unions on Wednesday the mediation proposal to be submitted by the labour ministry for the renewal of the collective agreement in the construction industry. He said the issue should […]
Practicing mindfulness with our screens in the digital age has become increasingly crucial. As someone who, like many, has felt the pang of anxiety upon leaving my phone behind, I understand the pervasive role that digital media plays in our lives. It’s not just about the convenience or entertainment; it’s about how our constant interaction […]
Israel’s Defence Minister, Yoav Gallant, said on Wednesday that 60% of the fighters of Palestinian militant group Hamas have been killed or wounded as a result of Israel’s military offensive in Gaza. Speaking in the Israeli parliament, he also said that Israel had broken up the majority of the 24 battalions that Hamas’s military wing had at the start […]
The European Commission said on Wednesday it had approved a Cypriot traditional food product, Tertziellouthkia, a type of local pasta, for inclusion on the registry of Protected Geographical Indications (PGI). A PGI emphasises the relationship between the specific geographic region and the name of the product, where a particular quality, reputation or other characteristic is […]
The fossil remains of a plant-eating dinosaur estimated to have roamed the earth some 125 million years ago have been discovered on England’s Isle of Wight, with scientists believing it to be the most complete new specimen found in Britain in a century. Weighing roughly the same as a large male American bison at about […]
The temporary jetty constructed to facilitate the delivery of humanitarian aid arriving in Gaza from Cyprus will be “permanently removed” within the next few days, according to reports which surfaced on Wednesday. The reports cited unnamed United States officials, who allegedly said the jetty will be reinstalled in Gaza and be used for “several days”, […]
The Cyprus Securities and Exchange Commission (CySEC) on Wednesday released its quarterly bulletin, revealing that the number of Management Companies and Undertakings of Collective Investments (UCIs) under its supervision remained steady at 328 during the first quarter of 2024. This figure marks a slight decrease from 335 entities monitored during the same period last year, […]
Summer in the city goes hand in hand with movie nights. In Nicosia, at least. This year, the deputy ministry of culture and Theatre Ena are again hosting the Summer Screenings Marathon, which takes place, just like every summer, at the Konstantia Summer Cinema in Nicosia. Under the summer night sky and with the nostalgic […]
New overnight works begin on Wednesday evening, closing two highways to traffic. Works will be carried out on the Limassol-Nicosia highway, from Mouttagiaka to Moni, and from the entrance of Nicosia to the Agia Varvara turnoff for Larnaca. The public works department says the part of the highway from Mouttagiaka to Moni will be closed […]
The environmental authority has recently approved the construction and operation of a substantial residential development within plot B of the Limassol Greens golf resort. This project, part of a larger €500 million development initiative by Lanitis Golf Public Co Ltd, is located in the Tserkezoi area of the Limassol district. This venture forms a significant […]
Private universities will reportedly “not hesitate to clash head-on with the government” over plans to allocate state-owned land to foreign universities for their establishment and operation in Cyprus. According to newspaper Phileleftheros, the universities believe the government are allowing for the creation of unfair competition by effectively subsidising the establishment of foreign universities’ campuses in […]
The European Medicines Agency’s (EMA) human medicines committee (CHMP) is recommending that the marketing authorisation for a liver disease drug be revoked because its benefits are no longer considered to outweigh its risks. EMA says a recent study has failed to confirm that the Ocaliva – obeticholic acid – is effective at treating PBC, an […]
Christos Panayides has been re-elected as secretary general of the bank employees’ union Etyk, following the formation of a new board of directors. According to an announcement released this week, this development came as a result of the union’s 56th ordinary Pancyprian conference, which convened on Saturday, June 29. In its statement, the newly-elected board […]
By Andrea Kouyiali Nothing says Limassol more than a restaurant next to the beach. Sunbeds and umbrellas in full for those who want to enjoy a cocktail by the waves, tables for diners seeking a full experience and stools for those wanting the best of both worlds. We went for brunch on one of the […]
Defending champions Argentina booked their place in the Copa America final after goals from Julian Alvarez and Lionel Messi gave them a 2-0 win over Canada in Tuesday’s semi-final in New Jersey. Argentina will face either Uruguay or Colombia in Sunday’s final in Florida, a match that could represent the last shot at silverware for […]
Auditor-General Odysseas Michaelides’ cross-examination at the Supreme Constitutional Court was adjourned on Wednesday to July 16. The hearing was postponed for “reasons outside beyond the control of the Council”. Last Thursday, Michaelides’ cross-examination was postponed as one of the judges had a medical issue. On July 16, the auditor-general is expected to have his final […]
The biggest reservoir on the Greek island of Naxos has dried up, useful only to the turtles that cruise its muddy shallows. Downstream, sea water has seeped into empty irrigation wells, harming the island’s prized potato crop. Further south, on Karpathos island, authorities have imposed restrictions on topping up swimming pools, while in the northern […]
By Robert Morgan Eight people were arrested for illegal residence in the Republic early on Tuesday morning by the Aliens and Immigration Service in Paphos. According to the Assistant Police Director of Operations in Paphos, Michalis Nikolaou, the group consisted of four men and four women, six from Asia and two from Africa. The arrests […]
By Robert Morgan A couple in Paphos was fined €1,800 by the Customs Department on Tuesday for possessing a large quantity of untaxed tobacco products, which were subsequently confiscated. Paphos Assistant Police Director, Michalis Nikolaou, reported that police found a vehicle owned by the couple in Timi on Tuesday. Inside, they discovered 15 boxes of […]
Since the traffic camera system became fully operational, reports on Wednesday indicated that around 1,700 drivers are being caught daily for various offenses, which could become unmanageable in terms of issuing fines. There are currently 20 mobile and 85 fixed cameras in operation islandwide. According to Phileleftheros, citing the transport ministry, 1,700 drivers are being […]
‘Fart walks’ have become a cultural phenomenon, after a woman named Mairlyn Smith posted online a now-viral video about how she and her husband go on walks about 60 minutes after dinner and release their gas. Smith, known on TikTok as @mairlynthequeenoffibre and @mairlynsmith on Instagram, has since appeared on myriad TV and press interviews […]
Cypriot lender Hellenic Bank has signed an agreement to acquire insurance provider CNP Cyprus, according to an announcement made by the bank on Wednesday. The announcement stated that the consultation between CNP Assurances and its European Works Council has been completed, paving the way for the acquisition to reach a conclusion. The acquisition, subject to […]
Demetra Holdings increased its investment value in Hellenic Bank (HB) during the first half of 2024, according to the company’s latest investment statement. The statement showed that by the end of June 2024, the value of the company’s investment in Hellenic Bank had risen to €313.6 million, up from €262.8 million at the end of […]
