There is to be a rush to review retirement savings plans following Chancellor Jeremy Hunt’s game-changing Spring Budget that abolishes an unpopular allowance, the CEO of a leading financial advisory and fintech said on Wednesday. He says: “The Chancellor delivered a Budget that is going to considerably ease the pension tension by abolishing the Lifetime
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Cyprus Airways has announced its winter flight schedule, during which it will operate to 13 destinations with 51 weekly flights. The airline is doubling its number of destinations and capacity offered this winter. To celebrate this milestone, it is waiving booking fees across all flights and destinations for a limited period. This means that customers
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A senior United Nations diplomat met Cypriot leaders on Wednesday to find a way to fix broken Cyprus peace talks to reunite the decades-long divided Mediterranean island. Visiting UN Under-Secretary-General for Political and Peacebuilding Affairs, Rosemary DiCarlo, said UN Secretary General Antonio Guterres was committed to resolving the stalemate. She met newly elected Cyprus president
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Businesses argue that restrictions in the government’s newly introduced policy allowing employers to hire asylum seekers to address labour shortages ahead of the busy summer season defeats the objective. The previous government introduced the tweak in the state’s policy on hiring asylum seekers to ease labour shortages threatening to cripple the tourism industry. According to
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Police announced it returned 23 third country nationals who were illegally in Cyprus as part of a coordinated joint forced return operation organised by EU border agency FRONTEX. A total of 67 third country nationals were repatriated during an operation which also involved another eight countries Greece, Romania, Italy, the Czech Republic, France, Malta, Spain
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Paphos and Limassol were shaken by an earthquake recording a magnitude of 3.9 on Wednesday morning, with no structural damage or injuries being reported. It was felt in the southwest of the island, mainly in the districts of Paphos and Limassol. The Cyprus Geological Survey Department said the earthquake measuring 3.9 on the Richter Scale,
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Downloads for selected six European mobile-only bank apps peaked at 26.3 million in 2022 for Android and iOS operating systems, according to data acquired by Finbold. The downloads represent year-over-year (YoY) growth of 54.09% from the 2021 figure of 17.06 million. In 2018, downloads stood at 5.63 million before spiking by over 150% to 14.19
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Corporate Europe is entering a new era with the recently proposed Corporate Sustainability Due Diligence Directive (CSDDD). The new Directive of the European Union, which all Member-States will transpose, aims to endorse greater corporate responsibility, improve sustainability due diligence standards and corporate governance of human rights, and aid stakeholders’ rights to access remedies. The EU
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The Mortgage-to-Rent scheme, the latest lifeline thrown to defaulted borrowers, is going ahead, as KEDIPES, the state-owned Asset Management Company, announced its blueprint on Tuesday. Representing the former Coop Bank turned bad bank, Lambros Papadopoulos and Marios Papadopoulos, KEDIPES chair and general manager, respectively, unveiled the scheme. KEDIPES will oversee the scheme after Brussels urged
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Public outcry and pressure from the Gender Equality Commissioner’s office saw the Cyprus Basketball Federation (CBF) rescind a decision to exclude the U16 girls’ national team from European competition. Gender Equality Commissioner Josie Christodoulou said that she was pleased to see the CBF overturn their initial decision, allowing the girls’ U16 national team to play
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