• CYPRUS
    Cypriot firms struggle with sanctions

    The business registrar in the Republic of Cyprus has been flooded with requests from companies scrambling to make changes to their structures, after hundreds of firms on the island saw their assets frozen due to new sanctions targeting agencies viewed by Washington and London as “Russian enablers.”

  • HISTORY
    7 May 2023: This day in history

    1429: English siege of Orleans broken by Joan of Arc and the French army 1867: Swedish chemist Alfred Nobel patents dynamite in England, the first of three patents he would receive for the explosive material 1912: Columbia University approves plans for awarding the Pulitzer Prize in several categories, after established by Joseph Pulitzer 1915: RMS Lusitania sunk by German submarine off the southern coast of Ireland; […]

  • ECONOMY
    Mytilineos’ record Q1 data

    Mytilineos on Thursday reported its best ever performance in a first quarter, with net profit after minorities soaring 113% to 143 million euros, earnings per share jumping 109% to €1.04 and EBITDA rising 72% to €225 million, while turnover rose 30% to €1.358 billion. Net debt, on an adjusted basis, stood at €948 million.

  • EUROPE
    The health of Europe’s telecom sector

    European telecom operators have been struggling to keep up with the growing demand for bandwidth capacity, technological transformation, and international competitors. Just as the future of connectivity is looking increasingly dynamic, European operators have been falling behind in the rollout of next-generation networks like 5G and fibre, compared to other economic powerhouses like China and […]

  • HISTORY
    6 May 2023: This day in history

    1527: Spanish and German Imperial troops sack Rome, ending the Renaissance. Charles III is killed in the assault removing any restraint for the victorious soldiers. 1626: Dutch colonist Peter Minuit organizes the purchase of Manhattan Island from Native Americans for 60 guilders worth of goods, believed to have been Canarsee Indians of the Lenape 1889: Exposition Universelle (World’s Fair) in […]

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