Breaking news

The discovery of microRNA brought the Nobel to Victor Ambros and Gary Ravken

Americans Victor Ambros and Gary Ravken won the Nobel Prize in Physiology or Medicine.

KEY FACTS

  • The prize was awarded to them by the Royal Carolina Medical and Surgical Institute for the discovery of microRNA and its role in gene regulation announced the general secretary of the Nobel Committee, Thomas Perlman, quoted by BTA.
  • This year, the monetary value of the prize is 11 million kroner (about US$985,000). It was shared between the two laureates.
  • Victor Ambros was born in 1953 in Hanover, New Hampshire, USA. In 1979, he received his doctorate from the Massachusetts Institute of Technology (MIT), where he also conducted postdoctoral research from 1979 to 1985. In 1985, he became a principal investigator at Harvard University. In the period 1992-2007, he was a professor at the School of Medicine at Dartmouth College, and he is currently a professor of natural sciences at the University of Massachusetts Medical School.
  • Gary Ravken was born in 1952 in Berkeley, California, USA. He received his PhD from Harvard University in 1982. From 1982 to 1985, he worked at the Massachusetts Institute of Technology (MIT). In 1985, he became a principal investigator at Massachusetts General Hospital and Harvard Medical School, where he is currently a professor of genetics.
  • Last year, Catalin Carrico and Drew Wiseman won the Nobel Prize in Physiology or Medicine for their discoveries related to modifications of nucleotide bases that allowed the development of mRNA vaccines against COVID-19.

TANGENT

The first Nobel Prize in Physiology or Medicine was awarded in 1901 to Elim Adolf von Behring of Germany “for his work on serum therapy, especially for its application to diphtheria, thereby opening a new path for medical science and giving physicians a victorious remedy against sickness and death”.

Among the more famous scientists who received the Nobel Prize for Physiology or Medicine are: Ivan P. Pavlov (Russia) /1904/, Robert Koch (Germany) /1905/, Alexander Fleming (Great Britain) /1945/, George Biddle (USA) , Edward Tatum (USA), Joshua Lederberg (USA) /1958/ and others.

EU Adopts New Package Travel Rules With 14-Day Refund Requirement

The Council of the European Union adopted updated rules on package travel, introducing stricter requirements for refunds, transparency and consumer protection across member states. Updated provisions revise the existing directive and define obligations for travel providers offering bundled services such as flights, accommodation and transfers.

Clarifying The Package Travel Directive

The updated directive clarifies the definition of package travel and excludes certain linked travel arrangements from its scope. Coverage applies to services sold as a single product, including combinations of transport, accommodation and additional services. This revision standardizes how travel products are classified and clarifies rights and obligations for both providers and consumers at the point of purchase.

Enhancing Transparency And Consumer Rights

New rules require providers to disclose key information before and during travel, including payment terms, visa requirements, accessibility conditions and cancellation policies. These disclosures aim to reduce disputes and improve consumer awareness. Defined refund timelines include a 14-day period for cancellations due to extraordinary circumstances and up to six months in cases of organiser insolvency. The measures address gaps identified in earlier versions of the directive.

Ensuring Accountability And Trust In Travel Services

Organisers must implement complaint-handling systems and provide clear information on insolvency protection under the updated framework. These provisions aim to improve accountability across the travel sector. Previous disruptions, including the collapse of Thomas Cook and travel restrictions during COVID-19, exposed weaknesses in refund processes and consumer protection. Updated rules respond to those issues.

Implications For Cyprus And The Broader Industry

Tourism accounts for approximately 14% of Cyprus’s GDP, with package travel playing a central role in visitor flows. Major operators such as TUI and Jet2 provide structured travel offerings that support demand. Such operators contribute to revenue stability and help extend the tourism season by securing transport and accommodation in advance. Greater regulatory clarity may support continued sector growth.

A Model For Future Consumer Protection

Clearer rules on vouchers, refunds and insolvency protection now apply across the European Union. These measures aim to reduce consumer risk in cross-border travel. Implementation across member states will determine the impact on both consumers and travel providers. The framework may influence future regulatory approaches in the sector.

eCredo
The Future Forbes Realty Global Properties
Aretilaw firm
Uol

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter