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271. Michalis Louis appointed CEO of Hellenic Bank

Michalis Louis has been appointed as the new Chief Executive Officer of Hellenic Bank Public Company Limited at the Annual General Meeting of the Shareholders of the Bank, with immediate effect, according to a decision taken by the Board of Directors of the bank......

272. Cyprus' Supreme Court suspends Auditor General (UPDATE)

UPDATE: The Supreme Constitutional Court unanimously ruled Wednesday to suspend Auditor General Odysseus Michaelides, citing misconduct and incompetence....

273. Meta introduces new ''Teen Accounts'' for Instagram

Meta is rolling out a new ''teen account'' feature for Instagram users under 18, enhancing parental controls over their children's activity on the platform. ...

274. Tourist arrivals hit record high in Cyprus for August

Tourist arrivals in Cyprus reached an all-time high in August 2024, with 554,923 visitors, surpassing the previous record set in August 2019 by 0.20%, according to data released by the Cyprus Statistical Service....

275. Homebuyers face mounting debts as developers' loans go unpaid

276. US financial experts visit Cyprus to tackle money laundering

A delegation of financial experts from the U.S. Department of the Treasury’s Internal Revenue Service Criminal Investigation (IRS-CI) will visit Cyprus from September 15 to September 19, 2024, for high-level discussions on money laundering and financial crime....

277. Russia's ongoing efforts to undermine elections, experts warn

Russia has been actively working to influence democratic elections globally, according to Yulia Smirnova of the Berlin-based Center for Monitoring, Analysis, and Strategy....

278. SMS scam alert: Authorities warn of cryptocurrency messages

Cyprus’s Cybercrime Unit has issued a warning about a new SMS scam targeting citizens. ...

279. FT: China slaps PwC with $62 Million fine and six-month ban

Chinese authorities have hit PwC China with a hefty fine of $62 million and a six-month ban following a major scandal involving the collapsed property developer Evergrande, according to the Financial Times. ...

280. Student Transfers Now Open at the University of Limassol (UoL)

The University of Limassol (UoL) is pleased to announce that student transfer applications for the second year of undergraduate studies are now open and will be accepted until 27th of September 2024....

281. Cyprus hits record in residence permits but sees first decline in over a decade

In 2023, the European Union issued a record 3.7 million first residence permits to non-EU citizens, with Cyprus issuing around 34,000 of these permits, according to Eurostat data....

282. Cyprus banks praised by US for stronger sanctions enforcement

US sanctions imposed on entities and individuals in Cyprus are not targeting the country, but “oligarchs and arms traders” enabling “the Kremlin war machine” to continue the war in Ukraine......

283. €13 billion tax bill for Apple, €2.4 billion fine for Google

Apple has lost its legal battle against a €13 billion ($14.4 billion) tax bill after Europe’s top court ruled in favor of the European Commission on Tuesday....

284. Cypriot bank officials to present AML progress in U.S.

Top officials from four major Cypriot banks are headed to the U.S. on Sept. 16 to present updates on their progress in anti-money laundering (AML) efforts, sanctions enforcement, and foreign account management. ...

285. It's a Cypriot shipwreck!

When the gold passport scandal began to emerge in the autumn of 2019, it quickly became clear that the naturalization of individuals like Joe Law was only the tip of the iceberg....

286. AEGEAN announces a €25M Investment in Volotea

Aegean Airlines S.A. (''AEGEAN'') is pleased to announce an investment of €25M in Volotea S.L., one of Europe’s leading low-cost carriers based in Barcelona, Spain....

287. U.S. seizes Venezuelan President Maduro’s private jet

The United States has seized a plane used by Venezuelan President Nicolás Maduro, citing violations of U.S. sanctions and other criminal activities....

288. Hellenic Bank's profits surge amid higher lending rates

Hellenic Bank, Cyprus’ second-largest lender, has had a strong start to 2024, reporting a net profit of €189 million in the first half of the year—a solid 18% increase from last year. This boost in profit is mainly due to a 30% rise in interest income, driven by higher European Central Bank (ECB) interest rates....

289. Government revenue boosts Cyprus surplus to €702.5 million

The Republic of Cyprus recorded a significant fiscal surplus of €702.5 million for the period of January to July 2024, according to preliminary General Government fiscal results, released on Friday by the Statistical Service of Cyprus....

290. Starlink's finances frozen in Brazil after legal conflict with Elon Musk's X

Brazil's top judge has ordered a freeze on the finances of Elon Musk's satellite internet service, Starlink, preventing the company from conducting financial transactions in the country....

291. JD Vance tells Kamala Harris ''go to hell'' over Trump’s cemetery dispute

Republican vice presidential nominee Sen. JD Vance (R-Ohio) sharply criticized Vice President Kamala Harris on Wednesday after reports of a confrontation involving......

292. August sees deadliest week on Cyprus roads in 2024

Cyprus has seen a troubling increase in road fatalities so far this year compared to the same period last year....

293. FT: China set to hit PwC with record penalty amid Evergrande fallout

PwC China has informed its clients that it expects Chinese authorities to impose a six-month business ban starting as early as September, following its audit of the now-collapsed property developer Evergrande....

294. World’s largest solar farm approved: Australia to export energy to Singapore

Australia has approved a $13.5 billion (A$20 billion) solar project that aims to transmit energy from a massive solar farm in the country's Northern Territory to Singapore via a 4,300-kilometer (2,672-mile) undersea cable. ...

295. Why Fidias’ unity message is polarizing

Let me clarify from the outset: I do not align with those who view Fidias’s presence in politics as a healthy development, nor do I support the notion that his election represents a "revolutionary" challenge to the failures of our political system....

296. Cyprus sees unprecedented 80% drop in asylum applications

Cyprus experienced a sharp reduction in first-time asylum applications in May 2024, marking an over 80% decrease from the previous month, according to data released by Eurostat. ...

297. Ukraine intensifies fight against illicit tobacco trade

The illicit tobacco trade in Ukraine, one of Europe's most prominent black markets for cigarettes, is sending shockwaves through the economies of neighboring countries,...

298. Cyprus finalizes 2025 budget with focus on export growth

The Council of Ministers is set to finalize discussions on the 2025 state budget by mid-September, as confirmed by Finance Minister Makis Keravnos. ...

299. World’s oldest person Maria Branyas dies at 117

Maria Branyas, an American-born Spaniard and the world's oldest person at 117, has passed away, her family announced....

300. World Mosquito Day: Deadly dengue surges worldwide

World Mosquito Day, observed annually on August 20, serves as a crucial reminder of the dangers posed by mosquito-borne diseases and the ongoing global efforts to combat them....