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Cypriot small businesses to benefit from , €10,000 innovation vouchers

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Cypriot small businesses to benefit from , €10,000 innovation vouchers

The Research & Innovation Foundation (RIF) has launched an innovation vouchers program offering €10,000 per project to Cypriot small and medium-sized enterprises (SMEs) to boost their competitiveness. The program aims to provide access to specialized expertise for SMEs to improve existing products/services or develop new ones. The total budget for this call is €310,000, and proposals must be submitted by October 9, 2024. This program is funded by the NextGenerationEU Recovery and Resilience Facility.

Ex-Fatburger CEO accused of using company money for Rolls Royce Phantom, other items in $47M scheme

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Ex-Fatburger CEO accused of using company money for Rolls Royce Phantom, other items in $47M scheme

The former CEO of Fat Brands Inc. was indicted on federal charges for concealing million in income from the IRS and dodging taxes. He allegedly used company funds for personal expenses like a Rolls Royce and luxury items.

Our View: Akel deputy, ’s probe is misguided and bizzare

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Our View: Akel deputy, ’s probe is misguided and bizzare

Akel deputy Christos Christofides has written to the auditor-general asking him to examine the data of the Independent Social Support Agency, which is under the authority of the president’s wife, Philippa Karsera. The agency had been set up in 2013 to provide financial support to university students who were unable to complete their studies due to lack of funds.

Cyprus hosting summit on Syrian migration

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Cyprus hosting summit on Syrian migration

Fact: Cyprus will host an international meeting of interior ministers to discuss migration, with a focus on declaring parts of Syria safe for migrants to return.

Bank of England to cut rates in August but June a very close call

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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.

Chevron prepares for North Sea exit after more than 55 years

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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

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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.

‘, Massive’ French police deployment arrives to secure New Caledonia

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‘, 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.