https://knews.kathimerini.com.cy/en/news/credit-suisse-borrows-more-than-$50-billion-from-swiss-national-bank
Credit Suisse’s shares soared 30% on Thursday after it announced it would move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank, bolstering confidence as fears about the banking system moved from the U.S. to Europe....
https://knews.kathimerini.com.cy/en/news/it-s-been-10-years-since-the-haircut
In March 2023, Cyprus will mark 10 years since the deposit haircut. Ten years after the 2013 crisis, Cyprus looks completely different. During this decade, many changes have taken place and its citizens have experienced many different situations,...
https://knews.kathimerini.com.cy/en/news/banks-around-the-world-feel-force-of-svb-fallout
U.S. President Joe Biden vowed to do whatever was needed to address a threatened banking crisis after the collapses of Silicon Valley Bank and Signature Bank forced regulators to step in with emergency measures....
https://knews.kathimerini.com.cy/en/news/hsbc-buys-failed-silicon-valley-bank-in-bid-to-stem-fallout
Governments in the UK and the U.S. took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down....
https://knews.kathimerini.com.cy/en/news/consumers-cutting-back-on-non-essential-items-as-cost-of-living-rises
As the cost of living crisis continues to rise globally, consumers have drastically adjusted their spending behaviors, with the majority (53%) of global consumers “holding back” on non-essential spending. ...
https://knews.kathimerini.com.cy/en/news/saudi-arabia-puts-$5-billion-into-turkish-central-bank
Saudi Arabia said Monday it deposited $5 billion into the Turkish central bank, likely helping Ankara firm up its long-weakening currency, the lira, after last month’s massive earthquake that struck southeast Turkey and northern Syria....
https://knews.kathimerini.com.cy/en/news/reduction-of-electricity-costs-a-priority-says-new-energy-minister
One of the first priorities of the new administration will be to reduce the cost of electricity, in order to help the industry and the economy reach the potential “they deserve”, new Minister of Energy, Commerce and Industry Giorgos Papanastasiou said on Wednesday....
https://knews.kathimerini.com.cy/en/news/nikos-christodoulides-sworn-in-as-8th-president-of-the-republic
Cyprus’ president-elect, Nikos Christodoulides, was sworn in on Tuesday at a special ceremony at the House of Representatives, in Nicosia, with Parliament President, Annita Demetriou, wishing him “strength and endurance” to respond to the great responsibility he is assuming....
https://knews.kathimerini.com.cy/en/news/covid-origin-debate-back-in-the-news
A new classified report in the United States says COVID-19 was probably the result of a laboratory leak, fueling further debate on the origins of the pandemic as a House subcommittee prepares to tackle the issue that has divided the world politically and scientifically...
https://knews.kathimerini.com.cy/en/news/economic-sentiment improved-in-february
Economic sentiment improved in February, with the Economic Sentiment Index (ESI) rising by 1.9 points compared to January....
https://knews.kathimerini.com.cy/en/news/christodoulides-open-and-constructive-first-meeting
Turkish Cypriot leader Ersin Tatar arrived at Nicosia airport shortly after 11 a.m., with the necessary delay, to be met by Mr. Colin Stewart, the UN Secretary General's special representative in Cyprus. ...
https://knews.kathimerini.com.cy/en/news/chinese-spy-balloon-contained-surveillance-equipment
The Chinese spy balloon that the U.S. shot down over the Atlantic Ocean last weekend carried high-tech equipment capable of collecting communications signals and other sensitive information, the U.S. government said Thursday....
https://knews.kathimerini.com.cy/en/news/credit-suisse-posts-$1-51-billion-loss-in-4th-quarter-of-2022
Credit Suisse on Thursday reported a fourth-quarter and annual net loss that missed expectations, as the Swiss bank continued with its huge strategic overhaul....
https://knews.kathimerini.com.cy/en/news/the-favorable-ones
The brightest minds and talents ought to be drawn to politics. People who participate in politics for the country's benefit rather than to gain an advantage and cling to power while siphoning off what they can....
https://knews.kathimerini.com.cy/en/news/every-election-related-detail-you-need-to-know-the-results-the-locations-and-the-polls
The presidential election countdown has begun, with only 48 hours until the first round of voting. ...
https://knews.kathimerini.com.cy/en/business/strike-trade-unions-call-for-cola-agreement
Hundreds of workers gathered outside the Finance Ministry today calling for the full reinstatement of COLA (Cost of Living Allowance). ...
https://knews.kathimerini.com.cy/en/business/paphos-over-15-million-euros-in-foreign-investment-in-2022
According to the Paphos Chamber of Commerce and Industry, foreign investment in the city has surpassed €15 million.
...
https://knews.kathimerini.com.cy/en/news/leaders-of-both-sides-agree-current-state-of-cyprus-unacceptable
Participants in a meeting of leaders and representatives of Greek Cypriot and Turkish Cypriot political parties held on Wednesday, at Ledra Palace, in Nicosia underlined risks from a status quo in Cyprus which is not static but is getting worse, a joint communique issued after the meeting said....
https://knews.kathimerini.com.cy/en/news/first-group-of-asylum-seekers-relocated-to-germany-from-cyprus
Repatriation flights from Cyprus to Germany and France began at the end of December as part of the EU's support policy for Nicosia in the refugee crisis. ...
https://knews.kathimerini.com.cy/en/news/the-country-s-digitization-and-other-stories
We heard a lot and very little during this election. Lots of one-liners, 'cockfighting', insults, and histrionics. Nothing was said regarding the substance. ...
https://knews.kathimerini.com.cy/en/news/un-chief-sees-no-common-ground-in-divided-cyprus
UN Secretary-General Antonio Guterres' report on the United Nations Peacekeeping Force in Cyprus, released on Wednesday night as an official document of the Security Council, number S/2023/3, records the lack of common ground between the two sides for peace talks leading to a mutually agreeable solution...
https://knews.kathimerini.com.cy/en/business/fund-are-investing-in-cypriot-banks
Investing in Cypriot banks is becoming more common. The progress they have made in terms of the non-performing loan burden they have shed, their capital adequacy, which is characterized as good,...
https://knews.kathimerini.com.cy/en/business/the-plan-to-bring-in-more-german-tourists
In a trip organized by the FTI Group and Meeting Point, German travel agents recently visited the island and discovered increased demand for Cyprus....
https://knews.kathimerini.com.cy/en/news/police-raid-more-eu-parliament-offices-in-corruption-probe
Belgian police conducted more raids at European Parliament offices Monday as the legislature’s president pledged to launch an internal investigation into corruption allegations and the bloc’s top official called for the creation of an EU-wide independent ethics body...
https://knews.kathimerini.com.cy/en/news/k-poll-the-race-for-second-place-graphics
We are in the crucial final sixty days before the elections, and everything points to a sensational thriller, a fierce battle for the coveted second place....
https://knews.kathimerini.com.cy/en/news/divided-cyprus-leaders-meet-as-un-not-giving-up
Cyprus President Nicos Anastasiades and Turkish Cypriot leader Ersin Tatar met on Wednesday evening in the framework of an end of year reception which the UN in Cyprus hosted at Ledra Palace, in the Nicosia buffer zone...
https://knews.kathimerini.com.cy/en/news/unaccompanied-minors-are-on-the-rise
Managing the exponentially increasing number of unaccompanied minors or unaccompanied alien children (UAC) is a problem that must be solved by the government in collaboration with NGOs and other relevant actors....
https://knews.kathimerini.com.cy/en/news/18-5-thousand-irregular-migrants-crossed-the-green-line-this-year
Members of the EU High-Level Network on Returns will communicate to the EU and their countries the true dimension and source of the Republic of Cyprus's migrant flow problem, which is none other than the crossing of migrants through the Green Line....
https://knews.kathimerini.com.cy/en/business/hellenic-bank-soon-to-be-under-the-control-of-eurobank
Eurobank is gaining control of Hellenic Bank after purchasing Wargaming's 13.4% stake. With the addition of the 12.6% it held from the purchase of all shares in Third Point Hellenic Recovery Fund in the summer of 2021, it now stands at 26%....
https://knews.kathimerini.com.cy/en/business/world-s-largest-crypto-exchange-platform-to-set-up-shop-in-cyprus
The FTX bankruptcy scandal a few weeks ago rocked the entire crypto world to its core, after its founder Sam Bankman-Fried, the "wonderboy" of the crypto trading world,...
