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12° Nicosia,
03 February, 2025
 

News Stream

New York City could be sinking

New York City could be sinking

From the Financial District’s sky-high centers of economic power to the pricey pads that rise above Billionaires’ Row, the great volume of towering buildings is part of what gives New York City its identity. But according to new research cited by the New York Post, the weight of those same buildings that give the Big Apple its soaring sense of bravado could contribute to the city's sinking....

Energean unveils ambitious plans for Israeli gas exploitation

Energean unveils ambitious plans for Israeli gas exploitation

Energean announced on Thursday that by September 2023 it will submit to the Israeli government for approval a comprehensive program for the exploitation of the deposits of the "Olympus Area" of the Israeli Exclusive Economic Zone, so as to begin its implementation in early 2024....

CBC urges banks to embrace transformation for sustainablefuture

CBC urges banks to embrace transformation for sustainablefuture

Constantinos Herodotou, Governor of the Central Bank of Cyprus, emphasized the need for Cypriot banks to seize the current favorable circumstances and address impending challenges during his speech at the 2023 ICPAC Mediterranean Finance Summit held in Limassol on Thursday....

EU grants 24M euros to upgrade Greece's Alexandroupolis Port

EU grants 24M euros to upgrade Greece's Alexandroupolis Port

Greece has secured 24 million euros ($26 million) in European Union funding to upgrade its northern Aegean Sea port of Alexandroupolis, privatization agency HRADF said on Wednesday....

UK and US specialists to provide consultancy on sanctions

UK and US specialists to provide consultancy on sanctions

A group of British experts from various departments of the UK state services will visit Cyprus, with a view to providing consultancy services for establishing a National Unit for Sanctions Control,...

Deutsche Bank agrees to $75M settlement in Epstein abuse lawsuit

Deutsche Bank agrees to $75M settlement in Epstein abuse lawsuit

Deutsche Bank AG has agreed to pay $75 million to settle a lawsuit by women who say they were abused by the late financier Jeffrey Epstein and accused the German bank of facilitating his sex trafficking....

Turkish MFA raises concerns over US destroyer's anchoring in Cyprus

Turkish MFA raises concerns over US destroyer's anchoring in Cyprus

The Turkish Ministry of Foreign Affairs has issued a statement urging the United States to reconsider its policies, following the anchoring of the American destroyer USS Arleigh Burke in Cyprus. ...

Uber makes waves with boat travel in Mykonos

Uber makes waves with boat travel in Mykonos

Can't find a ride to Ornos? Don't worry. The ride-hailed watercraft will carry up to eight people to different stops around the island....

Sanctions have exposed our hypocrisy

Sanctions have exposed our hypocrisy

The initial wave of sanctions, enforced by the UK and the US against Cypriot entities (individuals, law firms, service companies) for facilitating transactions to those impacted by the sanctions imposed on Russia following the invasion of Ukraine,...

Defence Ministry launches probe as officer's 'OnlyFans' video sparks outrage

Defence Ministry launches probe as officer's 'OnlyFans' video sparks outrage

The news of a permanent non-commissioned officer's involvement in a sexually explicit video has triggered widespread reactions, leading the Ministry of Defence to initiate an investigation into potential disciplinary or criminal offenses....

Cheers to the 14th Cyprus wine competition - A toast to wine lovers everywhere!

Cheers to the 14th Cyprus wine competition - A toast to wine lovers everywhere!

Get ready to raise your glasses as the 14th Cyprus Wine Competition, a testament to the nation's devotion to the wine sector, is just around the corner! From May 22 to May 26, 2023, Cyprus will host a vibrant extravaganza dedicated to the art of winemaking, attracting wine aficionados from far and wide....

May Newsletter of K. Treppides & Co Ltd: CySEC

May Newsletter of K. Treppides & Co Ltd: CySEC

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

Cyprus praises visit by US guided-missile destroyer

Cyprus praises visit by US guided-missile destroyer

Cyprus Defence Minister, Michalis Giorgallas, has said that the call which class guided-missile destroyer USS Arleigh Burke paid on Wednesday at Limassol port, is a proof of the strong position which Cyprus has in the region...

Police keep murder plot arrests under wraps

Police keep murder plot arrests under wraps

Cyprus Police are keeping a low profile on two arrests in connection with an investigation into a suspected murder plot, where a Russian journalist is believed to have been targeted over a dispute...

Houses and building land for sale by AstroBank

Houses and building land for sale by AstroBank

AstroBank is selling houses and building land in various areas of Cyprus such as Nicosia, Famagusta, Paphos, and Larnaca....

As Greek elections loom, parties vie for votes of ‘lost generation’

As Greek elections loom, parties vie for votes of ‘lost generation’

Politicians vying for votes in Greece’s election on Sunday have turned to YouTube and TikTok to win over a younger generation who have long felt that years of crises have cost them their youth...

Nicosia reminds Europe of unresolved Cyprus issue

Nicosia reminds Europe of unresolved Cyprus issue

President of the Republic Nikos Christodoulides has stressed the need for the member states of the Council of Europe to not forget that the Cyprus problem remains unresolved adding that the current status quo cannot be accepted...

AI warning: Urgent government intervention needed, says OpenAI CEO

AI warning: Urgent government intervention needed, says OpenAI CEO

Tech companies are in danger of unleashing a rogue artificial intelligence that will cause “significant harm to the world” without urgent intervention by governments, the creator of ChatGPT has admitted....

Paphos woman arrested after TikTok video

Paphos woman arrested after TikTok video

A local TikToker in Paphos is being accused of spreading fake news following the publication of video content on social media about police officers and city officials...

Controversial appointments continue: Latest allegations spark public outcry

Controversial appointments continue: Latest allegations spark public outcry

The reactions regarding the appointments of the Christodoulides government are intensifying day by day, forcing them to take measures in order to address any lingering concerns that may provoke public sentiment....

Nationalism, the big winner in Turkish elections

Nationalism, the big winner in Turkish elections

He may have failed to get elected in the first round of the Turkish presidential elections, and that is obviously a blow to him, especially given his absolute control over the media, but Recep Tayyip Erdogan did not suffer the defeat that the West had hoped for. ...

Doctor arrested for unauthorized medical procedures

Doctor arrested for unauthorized medical procedures

A 62-year-old doctor was apprehended upon his arrival at Larnaca Airport under a court warrant for conducting medical procedures outside the GESY system. ...

Cyprus banks' strict adherence to sanctions worries legitimate entities

Cyprus banks' strict adherence to sanctions worries legitimate entities

Banks have become cautious regarding sanctions imposed by the USA, EU, and UK, and they are not willing to take any risk in serving individuals or entities in Cyprus who are subject to sanctions....

Empowering parenthood: Health Ministry's innovative plan for fertility

Empowering parenthood: Health Ministry's innovative plan for fertility

The Ministry of Health is spearheading an innovative legislative push for assisted reproduction and subsidizing infertility treatments, according to Minister Popi Kanari. ...

Improperly screwed bolts blamed for school bus incident in Larnaca

Improperly screwed bolts blamed for school bus incident in Larnaca

Light has been shed on the cause of the incident involving a moving bus carrying schoolchildren in Larnaca, revealing that two of its wheels had become loose due to improperly screwed-in bolts, according to Transport Minister Alexis Vafeadi....

0% VAT rate, the second round

0% VAT rate, the second round

Almost two weeks after the zeroing of the tax rate on seven products (bread, eggs, milk, baby diapers, baby food, feminine hygiene products, and adult diapers), the Ministry of Finance and the Ministry of Commerce are in discussions regarding the next list of products that will have a low or reduced tax rate....

Gender bias fears linger over bishop guilty ruling

Gender bias fears linger over bishop guilty ruling

A lawmaker and women’s rights activist in Cyprus says a former bishop’s guilty verdict for sexually harassing a teenage girl four decades ago was a landmark court decision, while also dismissing concerns that gender bias played a role in the ruling...

Sunny skies, strong winds, and a chance of showers ahead

Sunny skies, strong winds, and a chance of showers ahead

Currently, a weak low-pressure system is affecting the region, causing occasional patches of sparse dust in the atmosphere. However, these dust conditions will gradually subside as we move into tonight....

Police pursue lead in human skull discovery

Police pursue lead in human skull discovery

Cyprus Police say human remains found in a rural area outside Paphos may belong to an elderly woman who went missing last month after her skull unearthed by dogs was a DNA match...

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