Breaking news

RIF Secures €7.5 Million To Bolster Cyprus’ Research Enterprise

by THEFUTURE.TEAM

June 4, 2025

Government Endorsement And Strategic Investment

The Research and Innovation Foundation (RIF) has announced a landmark funding initiative with an additional allocation of €7.5 million for its new Open Access Research Infrastructures programme. This infusion of capital is aimed at elevating Cyprus’ research capabilities by facilitating the acquisition of advanced, specialised equipment for experiments and testing.

Enhancing Capabilities Through Open Access

The programme targets key research organisations, providing grants to purchase and install high-tech infrastructure equipment. By ensuring open access to these resources, the initiative is designed to stimulate both academic exploration and business innovation, laying a robust foundation for a thriving research ecosystem.

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Focused Investment And Strategic Timelines

With a total budget of €7,500,000 and maximum project funding of €500,000 per application, this programme is a critical component of the Recovery and Resilience Plan (RRP). Its execution is bound by a strict timetable, with the plan set to conclude in June 2026, underscoring the urgency and precision of these investments.

Call For Proposals

Applicants are invited to submit their proposals by July 1, 2025. For further information, interested parties may contact the RIF’s support service at 22205000 or via email at support@research.org.cy.

The Future Forbes Realty Global Properties

Airbnb Unveils Reserve Now, Pay Later Option For U.S. Guests

by THEFUTURE.TEAM

August 15, 2025

Introduction

Airbnb has introduced an innovative payment solution designed to enhance user flexibility for U.S. travellers. The new “Reserve Now, Pay Later” feature enables users to secure a booking without an upfront payment, offering a streamlined cancellation process should plans change.

Flexible Payment Terms

This new option applies to listings that feature either flexible or moderate cancellation policies. Under a flexible policy, guests can cancel their reservation up to 24 hours before check-in, while a moderate policy offers no-fee cancellations until five days prior to arrival.

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Payment Timing and Reminders

Regardless of the cancellation window, guests are obligated to complete the full payment before the expiration of the free cancellation period. Airbnb ensures a smooth experience by sending timely payment reminders to avoid any last-minute issues.

Evolution of Airbnb’s Payment Solutions

This initiative builds on Airbnb’s previous forays into flexible payment structures. In 2018, the company offered a partial upfront payment model, and more recently, a collaboration with Klarna enabled guests to pay in four installments over six weeks. Such strategic advancements demonstrate Airbnb’s commitment to adapting and refining its payment solutions to meet evolving consumer demands.

Consumer Insight Driving Innovation

Airbnb’s decision to launch the “Reserve Now, Pay Later” feature reflects robust consumer demand, with recent surveys indicating that 55% of respondents prefer flexible payment options. Additionally, 42% noted missed opportunities due to payment complexities when coordinating with travel companions, underlining the need for simplified financial arrangements.

Conclusion

By enhancing payment flexibility, Airbnb not only broadens its appeal but also addresses critical customer pain points, reinforcing its position as a leader in the evolving travel market. This initiative exemplifies how strategic innovation can drive customer satisfaction in an increasingly competitive landscape.