Breaking news

Hellenic Bank Champions Cyprus’ Strategic Shift to a Sustainable Future

by THEFUTURE.TEAM

May 23, 2025

In a definitive display of leadership in sustainable finance, Hellenic Bank has reasserted its commitment to propelling Cyprus’ green transition. Announced at the second Green Agenda Cyprus Summit, the bank’s endorsement, as a key member of the Eurobank Group, underscores a strategic pivot toward environmental stewardship and sustainable growth.

Strategic Vision for Green Transformation

The recent summit established Cyprus as an emerging model for sustainable development, addressing the dual challenges and opportunities presented by the green transition. Industry leaders and policymakers examined critical issues, emphasizing the substantial business prospects and economic advancements achievable through a shift toward a sustainable framework. Hellenic Bank is at the forefront of this evolution, actively promoting green initiatives and sustainable practices across its operations.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Integrating ESG with Risk Management

During a focused panel discussion on “Green Transition, Funding and Risk Management,” Chief Risk Officer Joseph Antoniou outlined a comprehensive strategy that intertwines advanced risk management with robust Environmental, Social, and Governance (ESG) frameworks. The bank has recalibrated its risk approach to include both physical and transition risks—ranging from flood and wildfire hazards to evolving market risks—thereby ensuring that every client is supported in their journey towards greener practices while the institution itself is safeguarded against emerging threats.

Innovative Client Support and ESG Initiatives

Beyond internal measures, Hellenic Bank is leading an interbank initiative in collaboration with Artemis Credit Bureau and ICAP CRIF S.A. This initiative includes a structured ESG assessment questionnaire aimed at helping clients transition to sustainable business models. The bank’s approach includes tailored action plans for clients, enhanced by rigorous ESG assessments across its credit and investment portfolios, with clear Key Risk Indicators (KRIs) and well-defined risk appetites aligned to environmental imperatives.

Setting the Benchmark for Responsible Banking

Hellenic Bank’s proactive commitment to integrating sustainability into its core operations sets a high standard for responsible banking. By leveraging targeted financing solutions—ranging from renewable energy investments to eco-friendly housing loans and the promotion of electric and hybrid vehicles—the organization reinforces its role as a catalyst for Cyprus’ green transition. This strategic blueprint not only secures economic growth but also positions the bank as a leader in the new era of sustainable finance.

The Future Forbes Realty Global Properties

by News Editor

August 24, 2026

Courts Are Still Applying Old Copyright Rules To AI

AI companies train models on enormous amounts of published material, including books, articles and academic research. Whether using that content without authors’ permission violates copyright law remains unresolved.

Much of the debate centres on fair use, which allows copyrighted material to be used without permission in certain circumstances. Courts consider factors such as the purpose of the use, how much material was involved and its impact on the original market.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Anthropic Case Sets An Important Precedent

A major case involving Anthropic and a group of authors provided one of the clearest rulings so far. Judge William Alsup found that using copyrighted books to train AI models was lawful, comparing the process to people reading and studying literature before creating something new.

Anthropic was nevertheless ordered to pay $1.5 billion in a settlement. The penalty concerned books the company had obtained from illegal online libraries rather than the AI training itself.

For AI companies, that distinction could prove significant because it separates studying copyrighted material from directly copying it.

Competition Could Be The Key Issue

A case involving Thomson Reuters and Ross Intelligence offers a different perspective. A court ruled that Ross could not claim fair use after using Reuters’ copyrighted material to develop a competing AI-powered legal research platform.

The decision suggests courts may be less willing to consider AI training fair use when copyrighted content is used to build a product that directly competes with the original.

For authors, an unresolved question is whether AI-generated content should be considered competition for the works used to train these models.

The Law Has Yet To Catch Up

US copyright law predates generative AI by decades, leaving courts to apply old principles to new technology. Questions also remain over copyright protection for AI-generated works. In Thaler v. Perlmutter, a court ruled that material created entirely by AI cannot receive copyright protection.

Major AI companies remain involved in copyright litigation, and different courts could reach different conclusions. For now, there is no universal rule: the legality of AI training will depend on the circumstances of each case and how courts ultimately interpret copyright and fair use.