Cyprus Business Now
The total amount of deposits in the Cypriot banking system reached the highest level of the last nine years in September 2022, while loans stood at a five-month low, according to ...
Credit Suisse asks investors for billions after bumper loss
Credit Suisse, battered by years of scandals, plans to raise 4 billion Swiss francs ($4 billion) by selling stock while slashing thousands of jobs and spinning off its investment bank in an ...
Competition watchdog turns eye to private hospital buyouts, fears of health oligopoly
The Commission for the Protection of Competition (CPC) said on Thursday they are currently assessing a bid by a foreign investment fund to acquire a second major hospital in Nicosia, ...
Our View: The government’s nonsensical plans to help the elderly in their plight
A lot has been written and said lately about the plight of the elderly in Cyprus. Perhaps it has something to do with presidential electioneering. After all, with a growing ...
Saudia to buy up to 100 Lilium electric aircraft for domestic network
Saudi Arabian Airlines (Saudia) has signed an agreement with German air taxi developer Lilium to buy up to 100 of its aircraft for use on Saudia’s domestic network, the state ...
Egypt’s central bank raises key interest rates by 200 basis points
Egypt’s central bank said on Thursday it had raised interest rates by 200 basis points in an exceptional meeting of its monetary policy committee.
The central bank set the overnight ...
PSV outclass Arsenal to book Europa League knockout spot, Man Utd sweep aside Sheriff
PSV Eindhoven clinched a place in the Europa League knockout phase with a dominant 2-0 home win over Arsenal on Thursday, while Lazio boosted their chances of going through to ...
Icon illegally taken by RAF pilot in 1974 returned to Cyprus Church
An icon of Saint John, illegally exported from Cyprus in 1974, was handed over to the Church during an event at the Archbishopric on Thursday.
An announcement said that on behalf ...
New British PM Sunak will not attend COP27 climate summit
British Prime Minister Rishi Sunak will not attend the COP27 climate summit that begins in Egypt next month, his office said on Thursday, with other senior ministers going instead to ...
Russia’s stance on the Cyprus issue remains unchanged, says Zakharova
The Russian Federation has not altered its stance on the Cyprus issue and remains committed to UN Security Council resolutions relating to Cyprus, the country’s foreign ministry spokeswoman Maria ...
House passes bill regulating 0.4 per cent tax on real estate sales
The House on Thursday passed a bill regulating the levying of a 0.4 per cent tax on all sales of real estate, the proceeds going to support Greek Cypriot refugees.
Despite ...
House interior committee discuss media ownership transparency
The house interior committee discussed on Thursday a draft bill on transparency in the ownership of media channels, submitted by the head of the committee Diko MP, Panicos Leonidou.
Also ...
Police ‘performed well’ in enforcing Covid protocols, 3.2m checks, 42,482 fines issued
During the restrictions imposed due to the coronavirus pandemic, police carried out 3.2 million checks on the public and issued 42,482 fines, raking in almost €6 million for state coffers from the 16,474 fines ...
Upcoming live music at Sarah’s Jazz Club
As the weekend approaches, one thing is certain – that it will be filled with live music performances at Sarah’s Jazz Club.
Marking the start of the long weekend is ...
ECB raises interest rates again, cuts bank subsidies
The European Central Bank raised interest rates again on Thursday and announced it was changing the terms of its ultra-cheap loans to commercial banks in a bid to shrink its ...
Xi Jinping leads China on new journey
After 10 years at the helm of the Communist Party of China (CPC), Xi Jinping, 69, once again stood in front of reporters as the Party’s head, vowing to lead the ...
Cyprus ranked 18th out of 140 countries for adherence to rule of law
Cyprus has been ranked 18 out of 140 countries for 2022 in the World Justice Report, which measures the adherence to the rule of law in states across the globe.
The country jumped ...
ASEAN still backing Myanmar consensus peace plan-chair
The Association of Southeast Asian Nations (ASEAN) remains committed to a peace plan agreed with Myanmar’s military rulers, its chair Cambodia said on Thursday, even as some countries raised ...
Oil prices drop on fears China demand may slow
Oil prices dropped on Thursday, reversing a more-than-3 per cent rally in the previous session, as lingering fears over slack demand in China outweighed optimism from record US crude exports ...
‘Survival kits’ in lifts: Kyiv residents get creative amid power cuts
When near-daily rolling blackouts began in his Kyiv apartment block, Taras Logginov knew anyone getting stuck in the lifts of the 17-storey building would appreciate some basic supplies to help ...
Summer rolls on along French Riviera as balmy temperatures persist
It is late October on the French Riviera, but tourists are sunbathing in bikini, the terraces are full and the seawater is warm enough for swimming. On the beach in ...
Arsenal striker Jesus ready to play ’70 games per season’
Arsenal forward Gabriel Jesus is not concerned about the potential for burnout during the club’s demanding schedule and says he is ready to play 70 games a season if required.
...
Israel, Lebanon finalise maritime demarcation deal without mutual recognition
Israeli and Lebanese leaders finalised a U.S-brokered maritime demarcation on Thursday, bringing a measure of accommodation between the enemy states as they eye offshore energy exploration.
Leaders from Lebanon, ...
Chilling story brought to life on stage
A play by French playwright Philippe Minyana is arriving soon in the capital as part of the Nicosia International Festival. On November 2 a production in Greek will bring the chilling ...