https://knews.kathimerini.com.cy/en/news/trump-impeachment-inquiry-begins
Democrats in the U.S. House of Representatives on Tuesday launched a formal impeachment inquiry into President Donald Trump, accusing him of seeking foreign help to smear Democratic rival Joe Biden ahead of next year’s election...
https://knews.kathimerini.com.cy/en/news/thomas-cook-crash-is-dry-run-for-brexit-failures
Social historians will mourn the demise of the world’s oldest travel company, founded by a Baptist carpenter in northern England in 1841; their corporate counterparts will not. With more than 500 high street outlets, Thomas Cook demonstrated a stunning inability to adapt to changing travel habits. The rise of budget airlines and disruptors like Airbnb combined with the weak pound and the unusually hot summer of 2018 to kill off the company which had suffered a near-death experience in 2011.
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https://knews.kathimerini.com.cy/en/news/giuliani-implicates-cyprus-in-biden-claim
President Trump’s personal attorney Rudy Giuliani has implicated Cyprus in Ukrainian money laundering assertions he has made regarding Joe Biden’s son Hunter...
https://knews.kathimerini.com.cy/en/news/cyprus-hotels-to-take-a-€60-million-hit-as-thousands-stranded-by-thomas-cook-collapse
Officials at the Deputy Ministry of Tourism are scrambling to ascertain the impact of the collapse of Thomas Cook on the Cypriot hotel industry.
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https://knews.kathimerini.com.cy/en/news/moody-s-changes-cyprus-outlook-to-positive
Rating agency Moody’s changed the outlook for the Cypriot economy to positive from stable, citing the reduction of the sovereign exposure to event risks stemming from the banking sector and the improving fiscal strength beating previous expectations...
https://knews.kathimerini.com.cy/en/news/britain-s-thomas-cook-scrambles-for-£200-million-to-avert-collapse
Britain’s Thomas Cook needs to find an extra 200 million pounds to satisfy its lenders or one of the world’s oldest holiday company risks collapse, potentially stranding thousands of holidaymakers across Europe.
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https://knews.kathimerini.com.cy/en/news/coca-cola-hellenic-buys-out-acque-minerali
Local Coke bottler Coca-Cola Hellenic (CCHBC) has made its second buyout of 2019, acquiring Italy’s Acque Minerali, which is active in the domain of bottled water and refreshments.
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https://knews.kathimerini.com.cy/en/news/cyprus-to-fully-repay-imf-loan-in-2020
According to figures from the 2020 budget presented by Finance Minister Haris Georgiades to the Cabinet, Cyprus will repay the IMF loan early resulting in government debt reduction to 91.1% of GDP
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https://knews.kathimerini.com.cy/en/news/cabinet-approves-surplus-2020-budget
The Cabinet approved on Wednesday the budget for 2020, which foresees a surplus in state finances, while a significant increase in spending is planned due to the implementation of the General Healthcare System
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https://knews.kathimerini.com.cy/en/business/greek-corporations-rush-to-issue-bonds-amid-record-low-yields
The easing of Greek state bond yields to record lows has opened the way to international markets for major Greek corporations too, as they can now take the opportunity to reduce their cost of borrowing.
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https://knews.kathimerini.com.cy/en/news/two-women-busted-in-larnaca-prostitution-sting
Two foreign women arrested in an undercover prostitution sting in Larnaca are facing charges of illegal gains while also being charged with violating immigration rules...
https://knews.kathimerini.com.cy/en/news/johnson-again-bids-for-snap-poll-as-brexit-delay-bill-to-become-law
British Prime Minister Boris Johnson will try for a second time on Monday to call a snap election, but is set to be thwarted once more by opposition lawmakers who want to ensure he cannot take Britain out of the European Union without a divorce agreement. With no majority in parliament, which is determined to prevent what many businesses fear would be a calamitous way to quit the EU, Johnson wants to hold an election to keep his promise of leaving by Oct. 31, with or without an agreement.
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https://knews.kathimerini.com.cy/en/business/overtaxation-led-to-tax-evasion
Losses incurred by the state coffers due to tax evasion in 2014-17 were greater than the value-added tax revenue increase as a result of consecutive tax hikes, according to a European Commission report on the so-called VAT deficit (the difference between the expected VAT revenues and actual collections)...
https://knews.kathimerini.com.cy/en/news/brexit-plans-at-breaking-point
The British parliament voted on Wednesday to prevent Prime Minister Boris Johnson taking Britain out of the European Union without a deal on Oct. 31, but rejected his first bid to call a snap election two weeks before the scheduled exit...
https://knews.kathimerini.com.cy/en/news/johnson-demands-october-15-election-after-defeat-over-brexit
British Prime Minister Boris Johnson on Wednesday demanded an Oct. 15 snap election after lawmakers seeking to prevent a no-deal Brexit dealt him a humiliating defeat in parliament which he cast as an attempt to surrender to the European Union...
https://knews.kathimerini.com.cy/en/news/cypriot-vacationers-shell-out-more-abroad
Cypriots on holiday spend way more money and time abroad than in their own country, according to Eurostat, even as over half cannot afford a one-week annual holiday away from home...
https://knews.kathimerini.com.cy/en/news/cannabis-law-back-to-the-drawing-board
The period for public discussion on a state-sponsored medical cannabis amendment has expired, with the House getting ready for a new debate on which doctors and how much they could prescribe to their patients...
https://knews.kathimerini.com.cy/en/news/estia-scheme-kicks-in-for-eligible-borrowers
The Estia plan aimed at boosting borrowers’ ability to repay their defaulted loans went into effect on Monday, as the Cypriot government embarks on a scheme to subsidize repayments of restructured loans...
https://knews.kathimerini.com.cy/en/news/rhetoric-cranked-up-over-money-laundering-story
The Presidential Palace is fighting back against criticism over claims that President Anastasiades’ law firm was involved in a network of shell companies that laundered billions out of Russia...
https://knews.kathimerini.com.cy/en/news/greek-pm-in-charm-offensive-aiming-to-ease-primary-surplus-targets
Prime Minister Kyriakos Mitsotakis is planning a series of trips abroad toward the end of this month and next, hoping to convince Greece’s creditors of the recently elected government’s commitment to reforms and to lay the groundwork for reducing demanding primary surplus targets agreed under the country’s post-bailout agreement....
https://knews.kathimerini.com.cy/en/comment/opinion/substantive-debate-and-ministers-who-listen
All of the participants on the Committee for Public Administration need to be applauded for the outcome. The former minister of administrative reform in the SYRIZA government, Mariliza Xenogiannakopoulou, publicly lauded the stance of State Minister George Gerapetritis, stressing that he showed a very creative and positive mood.
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https://knews.kathimerini.com.cy/en/news/foreclosure-legislation-unconstitutional
The latest piece of legislation on foreclosures which was approved last Friday is unconstitutional...
https://knews.kathimerini.com.cy/en/news/trump-s-yuan-move-makes-a-china-deal-much-harder
The decision to label China a currency manipulator boxes in Donald Trump and Xi Jinping. The U.S. Treasury Department made the move after Beijing allowed the yuan to slide below the key level of 7 to the dollar. It’s the first such designation for the People’s Republic since 1994. The sudden escalation will make it harder for both sides to reach a trade truce...
https://knews.kathimerini.com.cy/en/comment/opinion/tangible-rewards-for-alliance-building
Greece's military spending has shrunk dramatically as a result of the crisis, widening the defense gap with Turkey. Successive Greek governments have spent billions on armaments over the past few decades, yet there is very little to show for it in terms of a defense industry. After an ambitious start, state-owned firms such as the Hellenic Aerospace Industry (EAV) and others were gradually choked by mismanagement from political parties and unionism...
https://knews.kathimerini.com.cy/en/news/lifeline-as-parliament-accepts-president-s-referral
The House of Representatives has heeded warnings voting to accept the President's referral of legislation that would have made it difficult for banks to recover mortgaged non-performing exposures...
https://knews.kathimerini.com.cy/en/news/officials-spot-loopholes-in-medical-cannabis-law
A number of provisions in the medical marijuana legislation were taken out prior to a vote, prompting officials to call for amendments to block doctors from prescribing cannabis without any limits...
https://knews.kathimerini.com.cy/en/news/trump-hits-china-with-more-tariffs-sharply-escalating-trade-dispute
U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply escalating a bruising trade war between the world’s largest economies and jolting financial markets.
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https://knews.kathimerini.com.cy/en/news/finance-committee-seeks-compromise-on-foreclosures
The House of Representatives Finance Committee meets on Friday to discuss proposals that would normalize the legislative framework on foreclosures...
https://knews.kathimerini.com.cy/en/news/greece-s-energean-snaps-up-four-new-israeli-offshore-licenses
Israel-focused Greek oil and gas group Energean was awarded four new Israeli offshore licenses in the so-called Exclusive Economic Zone, the company said on Wednesday...
https://knews.kathimerini.com.cy/en/news/non-performing-loans-decline-to-€10-14-billion
Non-performing loans as defined by the European Banking Authority declined to €10.14 billion in March 2019, marking a reduction of €151 million compared to previous month.
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