https://knews.kathimerini.com.cy/en/business/consulco-london-credit-fund-s-new-investment-opportunity-secured-against-uk-commercial-properties
The London Credit Fund New Compartment offers even higher returns to investors....
https://knews.kathimerini.com.cy/en/news/wargaming-to-divest-6-8-stake-in-hellenic-bank-to-eurobank-for-€65-9-million
Wargaming has announced its decision to sell its remaining stake of 6.8% (28,023,767 shares) in Hellenic Bank to Eurobank.
...
https://knews.kathimerini.com.cy/en/news/former-finance-minister-continues-to-question-euroasia-project
Former Finance Minister Constantinos Petrides has returned to the issue of the Eurasia Interconnector, expressing concerns and raising important questions. In a post on the "X" platform, he highlighted the need for transparency and clarity surrounding this significant and costly project....
https://knews.kathimerini.com.cy/en/news/charting-history-with-ancient-maps-of-larnaca-and-the-east-med
An exhibition featuring maps depicting Larnaca and the Eastern Mediterranean, part of the collection housed in the Historical Archives of the Municipality of Larnaca, is currently on display at the former Ottoman Bank building in the coastal town....
https://knews.kathimerini.com.cy/en/news/stunning-loch-ness-monster-photos-emerge-after-years-in-secrecy
New images of a “serpent” creature claimed to be the Loch Ness Monster have been hailed as the “most exciting ever” of the mythical beast....
https://knews.kathimerini.com.cy/en/news/akel-s-bold-demand-tax-bank-profits-to-power-people-s-pockets
The AKEL political party is urging the government to take immediate action to alleviate the financial strain on Cypriot households by taxing banks' surplus profits and redirecting the funds towards fuel and electricity subsidies....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/bank-tax
Leaving the door open for potential action, the Finance Ministry is considering an additional tax on banks due to dissatisfaction with their current approach to deposit and lending rates....
https://knews.kathimerini.com.cy/en/news/uk-air-traffic-system-issue-causes-ongoing-turbulence
Disruption to air travel continued into Tuesday after the UK's air traffic control systems suffered a "technical fault" on Monday morning....
https://knews.kathimerini.com.cy/en/news/china-s-$10-trillion-hidden-debt
For some time now, markets have been buffeted almost on a daily basis by gloomy economic news filtering out of China....
https://knews.kathimerini.com.cy/en/news/astrobank-offers-diverse-properties-for-sale-across-cyprus
AstroBank, a prominent financial institution in Cyprus, has unveiled an array of properties available for purchase across the country....
https://knews.kathimerini.com.cy/en/news/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. ...
https://knews.kathimerini.com.cy/en/news/man-missing-for-22-years-emerges-from-icy-depths
The remains of a man who is believed to have died in an accident on a glacier 22 years ago have been found high in the Austrian Alps....
https://knews.kathimerini.com.cy/en/news/brexit-7-000-finance-jobs-moved-overseas
Dublin, Frankfurt and Paris are vying for a share of the financial services markets once dominated by London....
https://knews.kathimerini.com.cy/en/business/eurobank-secures-full-control-of-hellenic-with-pimco-share-acquisition
Eurobank has successfully acquired all shares of Pimco in Hellenic Bank for €167.9 million, equivalent to €2.35 per share, solidifying its position as the predominant shareholder....
https://knews.kathimerini.com.cy/en/comment/opinion/energy-gamble-or-gain-cyprus-big-plans-under-scrutiny
The reluctance of the European Investment Bank (EIB) to financially support a part of the project, such as the Israel-Cyprus-Greece electric cable, should strongly concern Cyprus regarding its energy plans. ...
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/vegan-fam-festival-2023-embrace-life-sustainably
In an eagerly anticipated announcement, the Vegan Fam Festival, hailed as Cyprus' largest eco-festival, is set to make its triumphant return for the third consecutive year. ...
https://knews.kathimerini.com.cy/en/business/euroasia-interconnector-seeks-alternative-funding
The developer of the EuroAsia Interconnector is seeking alternative funding avenues to construct Cyprus' electricity interconnection with the European Union, following the European Investment Bank's rejection of a loan request. ...
https://knews.kathimerini.com.cy/en/business/residential-properties-and-offices-for-sale-by-astrobank
Homes and building plots, as well as offices have been listed for sale by AstroBank in the districts of Paphos, Larnaca and Nicosia....
https://knews.kathimerini.com.cy/en/news/jordan-secret-police-accused-of-lgbtq-targeting
Jordanian secret police have been accused of intimidating gay people by “outing” them to their families and of forcing the closure of two LGBTQ+ organisations....
https://knews.kathimerini.com.cy/en/news/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. ...
https://knews.kathimerini.com.cy/en/business/investment-fund-assets-surge-by-almost-€1-billion-in-2023
Total assets of investment funds in Cyprus increased almost by a billion in June 2023 compared to December 2022....
https://knews.kathimerini.com.cy/en/news/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.
...
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/cyprus-celebrates-dormition-of-the-virgin-mary-amidst-heatwave
Cyprus celebrates on Tuesday the Dormition of the Virgin Mary, a religious and bank holiday, amidst a heatwave, with many flocking to the beach or mountain resorts, and with authorities issuing warnings about increased traffic in some areas, and overcrowded picnic sites....
https://knews.kathimerini.com.cy/en/news/russia-implements-bold-rate-hike-amidst-economic-challenges
Russia's central bank took swift action today, increasing its key interest rate by 350 basis points from 8.5 percent to 12 percent. This urgent move aimed to counteract the recent decline of the ruble, which was triggered by the Kremlin's call for stricter monetary policy....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/business/loan-denial-sparks-debate-over-euroasia-electricity-project
The European Investment Bank's (EIB) recent refusal to grant a loan for the EuroAsia Interconnector Electric Interconnector project has ignited a heated debate over the future of the ambitious energy initiative....
https://knews.kathimerini.com.cy/en/news/petrides-eib-denies-euroasia-funding-government-s-involvement-a-no-go
Constantinos Petrides, the former Finance Minister, has reacted to the recent refusal of the European Investment Bank (EIB) to provide funding for the EuroAsia Interconnector electricity interconnection project....
