Cyprus Mail24 Jul 2026

IMO condemns ‘indefensible’ Red Sea shipping attacks

The head of the International Maritime Organisation (IMO) has condemned renewed attacks on commercial vessels in the Red Sea, warning that the violence is endangering seafarers and placing further pressure on global supply chains already struggling with disruption across the Middle East.

The warning followed attacks on two Saudi oil tankers claimed by Yemen’s Iran-aligned Houthis, who said they targeted the Encelia and Layla with ballistic and cruise missiles, as well as drones, after...

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EU sets October 2027 deadline for single-day trade settlement shift

The European Securities and Markets Authority (ESMA) has urged financial market participants to accelerate preparations for the European Union’s transition to a T+1 settlement cycle, warning that 2026 will be a decisive year ahead of the change scheduled for October 2027. The ...

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Cyprus Mail

Global AI rules shift from strategy to enforcement

Effective enforcement mechanisms will be crucial to the credibility and success of artificial intelligence regulation, according to a new Omdia analysis examining AI policies and regulatory frameworks across major global markets. The findings were published in Omdia’s report, ...

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Cyprus Mail

Pension reform proposal to be finalised by August 5, minister says

The government’s final proposal for pension reform is expected to be decided by August 5, after Labour Minister Marinos Mousiouttas meets Finance Minister Makis Keravnos, the labour minister said on Sunday. Mousiouttas said the draft bill would then be discussed with President...

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Cyprus Mail

Adaptive federalism: a new constitutional design for Cyprus

As the United Nations Secretary General prepares to visit Cyprus, perhaps the most important question is not simply whether Cyprus can be reunited, but what kind of constitutional architecture could enable reunification to endure. For more than half a century, Cyprus has searc...

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