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1231. Co-op suffered 'nightmare' bank run

A top official at the Cooperative Bank says more money was lost in bank deposits first quarter this year, just shy of 2 billion, than the outflow during the 2013 crisis....

1232. IMF projects Cyprus GDP growth to exceed 4% in 2018-19

According to the forecasts included in the WEO, based on previous assessments, the Cypriot economy is expected to record a growth rate of 3.6% in 2018 and 3% in 2019 - lower than last year's 4% and the IMF prediction...

1233. FinMin: Revenue from NPLs management will repay cost of support to Co-op

Government moves include establishing an asset – management company, based on conditions that the competent European institutions will set and depending on the finalisation of investment interest in the Co-op...

1234. Cyprus registers record number of tourists in March

Tourist arrivals in March rocketed 36.4%...

1235. Netflix programming binge pays off with subscriber surge

Netflix says it will spend up to $8 billion on global TV shows and movies in 2018...

1236. Celebrating Israel’s 70th Independence Day in Cyprus

The significant natural gas reserves in the Eastern Mediterranean offer much potential for joint ventures and commercial growth...

1237. Scholz seen to pick up where Schaeuble left off

Despite the cordial meeting on Friday between Finance Minister Euclid Tsakalotos and his new German counterpart Olaf Scholz, Berlin made it clear that the key Greek demand of debt relief will only be discussed after Greece’s bailout program ends....

1238. Banks in Cyprus, Greece and Portugal may need further reserve build-up

Fitch also notes that average NPL/total loan ratios at the EU`s largest banks had declined to 4% by end-2017 from 6.5% at end-2014...

1239. Georgiades makes a “good case” for Co-op sell-off

Borrowers who default on a loan won’t be able to pick up the phone and ask a politician to intervene, according to Finance Minister Harris Georgiades, who insists that separating healthy banking from bad loans is the best way forward for the Cyprus Cooperative Bank....

1240. Hundreds of flights cancelled in Germany as airports hit by public sector strikes

Unions will escalate the dispute if employers do not present an offer next week...

1241. Southeast Asia's idyllic islands buckle under tourism strain

Airports have become chaotic, hotels are being thrown up hastily with little regard for safety and sanitation...

1242. Cooperative bank outflow appears to have stopped

The Cyprus finance minister says outflow has stopped at the state-owned Cyprus Cooperative Bank, following a €2.5 billion deposit by the government that is seeking private investors for the troubled institution....

1243. Woman wounds three at YouTube headquarters in California

The woman approached an outdoor patio and dining courtyard on the campus around lunchtime and began to fire before entering the building...

1244. China hammers US goods with tariffs

Eight other products, including pork and scrap aluminium, will now be subject to additional tariffs of 25 percent...

1245. Bad loans still high despite fast economic growth

Cyprus' economic growth has been supported by construction, tourism and professional services...

1246. UK house price growth unexpectedly slows to seven-month low

Britain’s housing market has been hit by a squeeze on household incomes caused by higher inflation...

1247. UK urged to prioritise travel in Brexit talks to create jobs

The WTTC predicts tourism could create around 400,000 new jobs in Britain over the next 10 years...

1248. Self-driving Uber car kills woman crossing street

The ride services company said it was suspending North American tests of its self-driving vehicles...

1249. Tourist arrivals spike 23.4% in February

Tourist arrivals have hit record highs in every month since March 2017 ...

1250. US doesn't expect any problems with Turkey

She stressed that the best way to work out how to share resources would be to have a Cyprus settlement...

1251. Moody's sees robust economic recovery helping Cypriot banks

It expects that banks will continue to make progress on restructuring troubled loans and selling real-estate collateral...

1252. Hold the iPhone! Amazon primed to be larger than Apple

1253. Nicosia forum to discuss East Med nat gas opportunities

The conference brings together top executives, government officials, and regional experts...

1254. Fresh ideas for a brighter future

The key to success is bridging university institutions with the business world, a mutually beneficial practice which has been demonized in this corner of the world...

1255. RYANAIR LAUNCHES 12 NEW ROUTES FROM PAPHOS FOR WINTER 2018

12 new routes are: Amman, Bournemouth, Bratislava, Bucharest, Budapest, Chania, Dublin, Kaunas, Krakow, Liverpool, Riga & Tallinn ...