Climate change is inextricably linked with tourism, as higher temperatures, increased risk of wildfires, and rising sea levels prompt tourists to choose other destinations, experts said at a conference. In his presentation, Dr Christos Giannakopoulos, Research Director at the Institute for Environmental Research and Sustainable Development of the National Observatory of Athens, said extreme weather,
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The government unveiled a comprehensive €196 mln package of measures, including fuel subsidies, to alleviate the financial burdens of the rising cost of living. The 17-measure package, including the reinstatement of an electricity bill subsidy, was announced by President Nikos Christodoulides following a cabinet meeting on Thursday. “I am acutely aware of the problems and
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Cyprus joined celebrations of the Erasmus Days organised across the European Union, honouring cultural diversity to “make Europe shine”. Celebrating cultural diversity and making Europe shine is about sharing how Europe allows to be open to the world, said a local Erasmus+ program and training provider, StandOutEdu. StandOutEdu held an Erasmus+ days celebration event in
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Federal Reserve Chair Jerome Powell is expected to be extra hawkish in his key policy speech on Thursday amid growing concerns over surging oil prices, driven by the Israel-Hamas war, which could fuel inflation fears. The head of the US central bank prepares to speak at noon to the Economic Club of New York, with
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No interest hikes are expected at the next European Central Bank Governing Council meeting, as the latest data suggest that ECB rates have reached a level that, if maintained, will contribute to the return of inflation to the medium-term target of 2%. Cyprus Central Bank governor Constantinos Herodotou told CNA the meeting in Athens next
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Police were called to respond to an incident after shots were fired at a mobile camera operator’s van with a hunting gun, the third incident in a year, sparking safety concerns for handlers. The incident occurred at around 9 pm on Wednesday along the road leading from the village of Avgorou to Xylofagou in the
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The invitation of Cyprus to the Emergency International Summit on Gaza to be held in Cairo on Saturday is proof of the recognition of the role it can play in the region, said President Nikos Christodoulides. President Christodoulides said: “I consider the fact that Cyprus was chosen among the countries to be invited to such
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By Edward Moya US stocks are declining on soft earnings, rising rates, and as the risks grow for a potential widening of the Israel-Hamas conflict. Wednesday’s round of earnings from Morgan Stanley, JB Hunt, and United Airlines told a story of a weakening economy that has rising costs drive a weakening profit outlook. Investors are
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British Prime Minister Rishi Sunak has personally thanked President Nikos Christodoulides for offering Cyprus as a safe transfer hub for UK nationals evacuating Israel after the Hamas attacks. They spoke over the phone Wednesday to discuss the crisis in the Middle East and Cyprus’ support in evacuating British nationals from Israel. A statement from Sunak’s office
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Annual inflation in Cyprus increased to 4.3% in September, up from 3.1% in August, bucking the downward trend in the wider EU. A year ago, Cyprus’ inflation rate was 9.0%, according to Eurostat. The eurozone annual inflation rate was 4.3% in September, down from 5.2% in August. A year earlier, the rate was 9.9%. European Union
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