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The Nobel Prize in Chemistry – for a breakthrough in the study of proteins

A discovery in the field of proteins earned the Nobel Prize in Chemistry. The discovery solves one of the most difficult problems in biology and could be used to create drugs and vaccines.  Honorees were David Baker and Demis Hassabis. Both work for London-based research lab Google DeepMind, a division of Google. Professor John Jumper also received part of the award.

KEY FACTS

  • David Baker, Demis Hassabis and John Jumper have been awarded the 2024 Nobel Prize in Chemistry for their scientists’ research into the structure of proteins. The prize is worth SEK 11 million ($1.1 million).
  • Demis Hassabis is one of the founders of DeepMind. John Jumper led the development of the protein prediction software AlphaFold, and David Baker is a professor at the University of Washington.
  • Half of the prize was awarded to Baker “for computational protein design,” and the other half was split between Hassabis and Jumper “for protein structure prediction,” the academy said.
  • Proteins are the building blocks of life and are found in every cell of the human body. The discovery solves one of the most difficult problems in biology and could be used to create drugs and vaccines. 
  • This is the third prize awarded this year. Yesterday, the Nobel laureates in physics were announced, and the day before that, discoveries in medicine were honored.

IMPORTANT QUOTE

“The 2024 Nobel Prize in Chemistry is dedicated to proteins – the ingenious chemical weapons of life. David Baker has achieved the almost impossible feat of creating entirely new types of proteins. Demis Hassabis and John Jumper have developed an artificial intelligence model to solve a 50-year-old problem: predicting the complex structures of proteins. These discoveries have enormous potential,” the Nobel Committee said.

KEY STORY 

The Nobel Prize for Medicine was awarded on Monday. The prize went to the discoverers of micro RNA and its role in gene regulation. Yesterday, the distinction for physics went to scientists who made discoveries that give more opportunities to machine learning. John Hopfield of Princeton University and Geoffrey Hinton of the University of Toronto were honored for their pioneering work on artificial neural networks, which underpin much of modern artificial intelligence.

Cyprus Hits Historic Tourism Peak As Overtourism Risks Mount

Record-Breaking Performance In Tourism

Cyprus’ tourism sector achieved unprecedented success in 2025 with record-breaking arrivals and revenues. According to Eurobank analyst Konstantinos Vrachimis, the island’s performance was underpinned by solid real income growth and enhanced market diversification.

Robust Growth In Arrivals And Revenues

Total tourist arrivals reached 4.5 million in 2025, rising 12.2% from 4 million in 2024, with momentum sustained through the final quarter. Tourism receipts for the January–November period climbed to €3.6 billion, marking a 15.3% year-on-year increase that exceeded inflation. The improvement was not driven by volume alone. Average expenditure per visitor increased by 4.6%, while daily spending rose by 9.2%, indicating stronger purchasing power and higher-value tourism activity.

Economic Impact And Diversification Of Source Markets

The stronger performance translated into tangible gains for the broader services economy, lifting real tourism-related income and overall sector turnover. Demand patterns are also shifting. While the United Kingdom remains Cyprus’ largest source market, its relative share has moderated as arrivals from Israel, Germany, Italy, the Czech Republic, the Netherlands, Austria, and Poland have expanded. This gradual diversification reduces dependency on a single market and strengthens resilience against external shocks.

Enhanced Air Connectivity And Seasonal Dynamics

Air connectivity has improved markedly in 2025, with flight volumes expanding substantially compared to 2019. This expansion is driven by increased airline capacity, enhanced route coverage, and more frequent flights, supporting demand during shoulder seasons and reducing overreliance on peak-month flows. Seasonal patterns remain prominent, with arrivals building through the spring and peaking in summer, thereby bolstering employment, fiscal receipts, and corporate earnings across hospitality, transport, and retail sectors.

Structural Risks And Future Considerations

Despite strong headline figures, structural challenges remain. The European Commission’s EU Tourism Dashboard highlights tourism intensity, seasonality, and market concentration as key risk indicators. Cyprus records a high ratio of overnight stays relative to its resident population, signalling potential overtourism pressures. Continued reliance on a limited group of origin markets also exposes the sector to geopolitical uncertainty and sudden demand swings. Seasonal peaks place additional strain on infrastructure, housing availability, labour supply, and natural resources, particularly water.

Strategic Investment And Market Resilience

Vrachimis concludes that sustained growth will depend on targeted investment, product upgrading, and continued market diversification. Strengthening year-round offerings, improving infrastructure capacity, and promoting higher-value experiences can help balance demand while preserving long-term competitiveness. These measures are essential not only to manage overtourism risks but also to ensure tourism remains a stable pillar of Cyprus’ economic development.

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