Bank of England to cut rates in August but June a very close call
The Bank of England is expected to start bringing down interest rates in August, with a majority of economists predicting a rate cut next month.
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Chevron prepares for North Sea exit after more than 55 years
Chevron is set to launch the sale of its remaining UK North Sea oil and gas assets, marking its exit from the basin after more than 55 years.
Cypriot tech company takes a bold leap into mixed reality
– Ascation was founded by George Tziazas and Minas Kyriakou in 2015.
– They started with game development but transitioned to mixed reality in 2018.
– Ascanio aims to revolutionize mission-critical training across industries using mixed reality technology.
– They received support from Kinisis Ventures and Fameline Holding Group for investment and networking opportunities.
– Ascanio’s technology provides immersive training for high-risk scenarios in various industries.
– They focus on safety, real-time feedback, and comprehensive debriefing in their training solutions.
– Ascanio’s platform integrates biosensing and haptic feedback for a realistic training experience.
– They have developed a physiotherapy module in collaboration with the University of Nicosia for Parkinson’s patients.
– George and Minas actively support the tech community in Cyprus through mentorship and participation in internship programs.
– Ascanio plans to expand into industries like shipping, aviation, construction, and telemedicine to revolutionize training methods.
– George and Minas believe in the transformative power of mixed reality technology in reshaping industries.
Today, ’s weather: The dust returns with high temperatures
Levels of dust in the atmosphere are set to rise on Friday.
‘, Massive’ French police deployment arrives to secure New Caledonia
French police reinforcements have arrived in New Caledonia to regain control of the capital Noumea. The number of police and gendarmes on the island will increase to 2,700 from 1,700. Rioting began on Monday, resulting in four deaths and hundreds of arrests. Operations are underway to supply food and medicine to the public, with road barricades being removed by specialists in mine clearing. France has declared a state of emergency on the island and banned TikTok. The riots erupted over a new electoral reform bill that will allow French residents who have lived in New Caledonia for 10 years to vote in provincial elections.
Youth arrested for stealing three cars
Fact: A 19-year-old male was arrested on Thursday evening in connection with three car thefts that took place between November and December last year.
Evdokia Kyrkou presents exhibition Shadows and Beyond
Fact: Evdokia Kyrkou is currently presenting a new body of work titled Shadows and Beyond at Diatopos Contemporary Art Centre, curated by Daphne Nikita.
Phone blocking system for prisons delayed again
A new system deactivating mobile phones in the immediate vicinity of the central prisons will be installed and operational in one-and-a-half years. The previous deactivation system had been problematic, and delays in implementation were caused by the emergence of 5G technology. Additionally, steps are being taken to alleviate overcrowding at the prisons, including the construction of a new building at the open prison site and a completely new prisons complex by 2027. Legislation concerning the functioning of the attorney-general’s office is also being drafted based on a study commissioned by the government.
Government spokesman: Ankara, ’s role crucial in Cyprus talks
Ankara is key to the efforts aimed at solving the Cyprus problem, according to government spokesman Konstantinos Letymbiotis. EU-Turkey relations can play a significant role in this effort. Through dialogue, answers can be given to the concerns and worries of both Greek Cypriots and Turkish Cypriots. Initiatives and measures are being taken to create positive conditions for the resumption of peace talks. Diplomatic efforts will continue to play a role in resolving the issue.
CyTA given green light to supply smart meters
CyTA has been given the approval to supply and install 400,000 smart meters by a new law passed by the House.