PepsiCo beat Wall Street expectations for first-quarter revenue and profit due to strong demand for its sodas and snacks in international markets, while experiencing a slowdown in the United States.
Fact: Cyprus was the first country in the world to take timber production off its list of objectives for the national forests in the mid-1980s.
A man was shot while riding his motorbike in the Anthoupolis area in Nicosia. He is in critical condition with wounds from three bullets. The victim is reportedly a member of the gang of criminal Alexis Mavromichalis. The shooter was a passenger on a second motorbike, and a third person is being investigated. The victim had visited an individual being held at the Lakatamia police station before the shooting. Police are investigating threats made by the victim to establish a motive for the attack. The perpetrators of the shooting waited in ambush near the police station. The victim was found on the ground in a pool of blood with three bullet casings nearby.
Fact: Paphos police arrested a 35-year-old man for illegal possession of burglary tools and a knife.
Fact: The Turkish Cypriot press reported that there are 213 mosques and 240 people working at the ‘directorate of religious affairs’ in the occupied area, with 120 of them being imams.
Cypriot MEP candidates will officially submit their candidacies on Wednesday. The interior ministry was criticized for scheduling the submissions on the same day as the last session of the EU parliament. The far-right gaining ground in the EU parliament is a growing concern. The session will also celebrate the 20 years since Cyprus and other countries were greenlighted to enter the EU in 2004.
The Electricity Authority of Cyprus (EAC) announced a scheduled power outage on Friday between 9am and 10am in several areas including Parekklisia Pyrgos, Prasteio Kellakiou, Kellaki, Eptagonia, Melini, Akapnou, Arakapas, Dierona, Sanida, Klavari, Vikla, Ora, Odu, Ayioi Vavatsinias, Profitis Elias, and Sykopetra. The outages are planned due to scheduled work on the high voltage network.
Improvements to the coastal path in Limassol are a government priority, but no one from the interior ministry attended a discussion on the matter. The path has been damaged by adverse weather, with serious damages recorded in several spots. The estimated cost of repairs is €300,000, and complaints from tourists are continuous.
Ombudswoman Maria Stylianou-Lottides criticized the veterinary services for failing to address complaints about uncontrolled dog importation into Cyprus.
The Canadian federal budget includes a proposal to increase the capital gains inclusion rate to 66.7% from 50% for dispositions effective after June 24, 2024.