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241. Court sets bail at €12.7 million for Ukrainian billionaire in money laundering case

Ihor Kolomoisky is the latest target of the country's anti-corruption drive....

242. Where does the 12% tax revenue go?

The Turkish Cypriot press is discussing recent land sales in the occupied area today. According to the Press and Information Office, the "Güneş" newspaper reported that Hasan Sungur, who leads the Real Estate Agents Union, supports businessman Ali Osman Safa's warning to politicians. Safa cautioned against making the property crisis worse, and Sungur agrees that this warning is valid and reasonable....

243. Hellenic Bank reports impressive profit surge of €160.2 million

Hellenic Bank had a really good financial run in the first half of 2023. They made a profit of €160.2 million, which is a huge jump of 203% compared to last year at the same time....

244. Trump ran ''Ponzi Scheme of Lies'' says Duncan

Donald Trump has “the moral compass of an axe murderer”, a Republican opponent in Georgia said, discussing the former president’s legal predicament in the southern US state and elsewhere but also his continuing dominance of the presidential primary....

245. Eurobank acquires 17.3% stake in Hellenic Bank for €167.9 million

The Eurobank has agreed to acquire an additional stake of around 17.3% (equivalent to 71,428,572 shares) in the Hellenic Bank at a total price of 167.9 million euros, or 2.35 euros per share. ...

246. Trump agrees to Georgia surrender for 2020 election case

Former U.S. President Donald Trump plans to surrender on Thursday in Atlanta in connection with his indictment in Georgia on charges he sought to overturn his 2020 election loss in the state, he said on social media on Monday....

247. Stolen luxury watches valued over $1.3 billion

Luxury watches valued at over $1.3 billion have been reported as stolen or lost, and their number is rising due to increased resale prices in the secondary market....

248. City of Dreams Mediterranean partners with Cablenet

249. Taylor Swift's tour spreads goodwill to food banks

Economists told CNN recently that Taylor Swift’s Eras Tour is becoming such a massive phenomenon that it’s having demonstrable impacts on the US economy at large, but it’s not only stadium venues, record labels, and ticket vendors benefiting....

250. US eases defense trade rules for Cyprus in 2024

The US Secretary of State has lifted the Defense Trade Restrictions on the Republic of Cyprus for the fiscal year 2024....

251. Cypriot national injured in billion-dollar money laundering sweep

Singapore law enforcement authorities disclosed on Thursday that a Cypriot national sustained injuries while attempting to evade capture by leaping from a second-floor balcony within an affluent district, marking one of the most significant money laundering cases to date. ...

252. Cyprus nationals arrested for money laundering in Singapore

The Singaporean Police arrested 10 foreigners on suspicion of money laundering and forgery offenses in connection with a case involving 1 billion Singapore dollars (737 million dollars) in cash, luxury cars, and other assets. ...

253. Money blues: Why's the economy going South?

"Currency developments validate predictions made some time ago. The high interest rate environment will be a new reality accompanying us for several years," former Minister of Finance Constantinos Petrides stated in a post on the platform 'X'....

254. Scammers impersonate doctors

The Police are urging the public to be cautious once again, following new reports of fraud and attempted theft of large sums of money by individuals falsely posing as doctors. ...

255. Former FBI leader guilty in Russian oligarch plot

The former head of counterintelligence for the FBI’s New York field office pleaded guilty Tuesday to one count of conspiracy in connection to a scheme working for a sanctioned Russian oligarch in 2021. ...

256. UK inflation dips to 17-month low

UK inflation eased to a 17-month low in July, official data showed Wednesday, though it also revealed that prices of services, such as haircuts, hotels and restaurants, increased at a faster pace than the previous month. ...

257. Bank of Ireland glitch turns 'no funds' into a cash fiesta

Bank of Ireland is facing a crisis after thousands of customers descended on ATMs yesterday evening attempting to take advantage of a major IT glitch....

258. Tourism's dynamic future: Adapting to change from within

It's something we've heard many times from tourism authorities, that 2019 should no longer be used as a point of reference for tourism....

259. Russia's ruble drops to lowest level since 2022 conflict

The Russian ruble slid past 100 against the dollar Monday, its lowest level since March 23, 2022 -- weeks after Moscow unleashed full-scale hostilities in Ukraine....

260. Futuristic refueling as London's gas-free Shell station sets a new standard

One London gas station has totally reimagined what a refueling area can look like....

261. Online coordination sparks mass protests for free beaches

Many see wrongdoings or abuses of power, but they have self-taught themselves to overlook them. Many experience humiliations or injustices, but they have learned to remain silent....

262. EuroAsia interconnector loan denied by European Investment Bank

The European Investment Bank will not approve a loan for financing the electricity interconnection project between Cyprus, Greece, and Israel through the EuroAsia Interconnector, as confirmed by a representative from the EIB in an interview with "K" magazine....

263. Alert issued amid spate of prepaid card scams

A total of five cases have been reported between August 4 and 10 about scams that led to withdrawals of thousands of euros through prepaid credit cards, Police spokesperson, Christos Andreou, told CNA on Friday, calling on businesses that sell such cards to be alert and cautious....

264. Barbie smashes box office records by crossing $1 billion mark

It's one thing to look like a million bucks, and it's another to make a billion. On Sunday, August 6, Greta Gergwig's Barbie officially surpassed $1 billion at the global box office. That's a whole lotta dream houses....

265. Cyprus hotels expect August rebound, 85%-90% occupancy forecasted

The occupancy of hotels in July was between 80%-85% and better results are expected for August, when occupancy rates could reach 85%-90% the Head of the Cyprus Hotels Association (PASYXE) Thanos Michaelides told the Cyprus News Agency....

266. Pfizer's value sinks $144B on COVID changes

Pfizer has lost $88billion in market share and $144billion in value since its market peak in just one year as the drugmaker suffers a major hangover from the success of its COVID vaccine....

267. Money theft attempt at Paphos ATM

Authorities are investigating an incident of violation and money theft from an ATM in Paphos....

268. Fake rental contract lands woman in custody

The Police in Limassol are investigating a case of fraud and embezzlement involving false representations and money transfers. They have arrested a suspect in connection with the case....

269. Corporate loans above €1 million surge

The net new loans (excluding restructurings) in Cyprus amounted to €1.73 billion in the first half of 2023, showing a slight annual increase of 1.26%. The continuous interest rate hikes by the European Central Bank significantly slowed down the granting of housing loans....

270. Should you sell your family business?

A common response from family business owners when asked the above question is, "Let them make an offer, and we'll see."...