Shift to EVs means huge ‘reskilling’ job for Europe
The shift to electric vehicles will force huge changes in the auto industry and require EU backing for ‘reskilling’ programs to help workers prepare for a zero-emission future, according to ...
EU executive urges VW to compensate all EU consumers over Dieselgate
The European Commission and EU consumer authorities urged Volkswagen (VOWG_p.DE) on Tuesday to compensate all consumers, not just those in Germany, for having misled them over the emissions ...
Turkish cenbank head sees pricing behaviour returning to normal
Turkish Central Bank Governor Sahap Kavcioglu said on Tuesday he expects pricing behaviour to return to normal as the effects of the COVID-19 pandemic ease, and the bank will keep ...
UK office landlords may not see immediate threat from hybrid work
The hybrid working model may not be an immediate threat for British commercial landlords as corporate decisions on space requirements are taking longer than first thought, a Citigroup analyst said ...
End of furlough brings uncertainty for UK jobs and economy
More than a million British workers face an uncertain future this week as the UK becomes the world’s first big economy to wind up its COVID-19 jobs support scheme.
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Hellenic Bank: volunteer actions focused on people and the environment
Volunteers Team plays an active role in social matters
Hellenic Bank places people at the centre of its operations, be it in terms of sustainable growth planning or through its ...
Facebook puts Instagram Kids on hold amid criticism of planned app
Instagram has hit pause on a new app it is creating for kids, the photo-sharing service owned by Facebook Inc (FB.O) said on Monday, in a move that comes ...
Tourism sector must focus on sustainability, stakeholders told
World Tourism Day with its theme this year of tourism for inclusive growth should be a call for the entire industry to renew itself, stakeholders in Cyprus said on Monday.
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Cyprus Business Now
The Cyprus Shipping Chamber held its annual charity beach volley tournament in Limassol between September 19 and September 26.
The tournament included the participation of the chamber’s member companies and was ...
British warehouse worker shortage triggers up to 30 per cent pay spike
Warehouses in Britain are having to pay up to 30 per cent more to recruit staff after a chronic shortage of workers exacerbated pressure on already buckling supply chains and threatened ...
New bills seek stronger tools to deal with bad debts
Lawmakers on Monday began reviewing three government bills which would give credit acquiring companies (CACs) enhanced access to debtors’ financial data, affording the financial industry more tools to deal with ...
Why food is more expensive today than for most of modern history
Global food prices shot up nearly 33% in September 2021 compared with the same period the year before. That’s according to the UN Food and Agriculture Organisation (FAO)‘s monthly Food ...
Entrepreneurship as a bridge builder between communities
Interview with Burak Berk Doluay, the co-founder of CyprusInno who is participating in Cyprus Forum
What does young entrepreneurship look like in Cyprus today? What needs to change?
Entrepreneurship in ...
Apple’s new iPhone to take longer to reach customers – analysts
Apple Inc’s customers will have to wait for a few more weeks to lay their hands on the new iPhone 13 as supply chain delays and strong demand lead to ...
Aldi to invest $1.8bn in British growth push
German discount supermarket group Aldi will invest 1.3 billion pounds ($1.8 billion) in Britain over the next two years, opening a new store every week to try to accelerate its rapid growth ...
Saudi Arabia plans to issue green bonds soon to advance ESG plans
Saudi Arabia plans to issue green bonds soon, an official said on Monday, as the oil-producing kingdom seeks to embrace environmental, social and governance (ESG) concerns to expand its investor ...
Moment of truth for US Congress on govt funding, debt, Biden agenda
The U.S. Congress faces a showdown on Monday over government spending and debt, opening a week that could also include action on President Joe Biden’s sweeping social agenda ...
The Consumer Protection Law of 2021
Aligns with EU law and regulates consumer protection issues
The new legislation for the protection of consumers has come into force with the enactment of Law 112(I)/2021 to harmonie with ...
Berliners vote to expropriate large landlords in non-binding referendum
A majority of voters in Berlin wants city hall to expropriate major landlords such as Vonovia and Deutsche Wohnen to help reduce rents in the German capital, provisional referendum results ...
Limassol’s plan for affordable housing
In an interview on the radio, the Limassol mayor announced an initiative of the municipality to get involved in the construction of over 600 housing units in order to help alleviate ...
China steps up funding oversight of Evergrande property projects
Several local governments in China have set up special custodian accounts for property projects of its most indebted developer, Evergrande (3333.HK), to protect funds earmarked for housing projects from being ...
Bahrain could double value added tax
Bahrain is considering doubling value added tax to 10 per cent to boost state revenues and reduce its budget deficit, a Bahraini parliamentary source and a source close to the government ...
BP says nearly a third of its UK fuel stations running on empty
BP (BP.L) said nearly a third of its British petrol stations had run out of the two main grades of fuel on Sunday as panic buying continued despite the ...
Europe needs long-term energy plan, Eni CEO says
Soaring gas prices as winter approaches are evidence that the European Union needs to work out a long-term energy security plan, the head of Italy’s Eni (ENI.MI) has ...