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1531. Cyprus 'golden passports' scheme a laundering risk, says watchdog

A European money laundering watchdog has cautioned that a secretive investment-for-passports programme run by Cyprus was vulnerable to money laundering and fraught with risk...

1532. Turkish clothes makers see orders shifting from coronavirus-hit China

Several fashion retailers that manufacture clothing in coronavirus-hit China are in talks with Turkish firms about shifting production to Turkey, two sector officials told Reuters, with one predicting new orders worth up to $2 billion....

1533. PRIO: A Cyprus solution could reap high economic benefits

A solution to the Cyprus problem will create large new markets, research conducted by the independent, bicommunal research centre PRIO showed....

1534. President’s air travel under scrutiny

Cypriot President Nicos Anastasiades is firing back at critics saying his use of a private jet owned by a Saudi billionaire has actually saved the state a lot of money, while opposition parties raise fears of dependency and quid pro quo with foreign donors...

1535. Serious planning, not tough-guy posturing

1536. European Parliament says goodbye to UK

The European Parliament has given its final approval to Britain’s divorce deal from the bloc, paving the way for Brexit to take place on Friday...

1537. Little US-Turkish progress solving defenses row, Erdogan says

Turkish President Recep Tayyip Erdogan said on Wednesday Washington and Ankara had done little to solve a row over Turkey’s purchase of Russian defenses and its procurement of US fighter jets despite a November agreement, according to broadcaster NTV....

1538. EU vessels will no longer have automatic access to UK fishing waters

The automatic right of EU vessels to fish in British waters, in accordance with the EU’s common fisheries policy, is to be ended under the fisheries bill introduced to parliament on Wednesday....

1539. New wiretap law on the skids

The president and justice minister are set to meet on Monday to discuss a government phone tapping bill that passed the House on Friday, following concerns that last-minute amendments could be defeating the purpose...

1540. Kobe Bryant dies in helicopter crash

The sporting world was plunged into mourning on Sunday as news of Kobe Bryant’s death in a helicopter crash spread leaving the rich and famous, presidents, Hall of Famers and ordinary fans stunned...

1541. How Russian uncapitalism works

Like a private equity firm enacting an acquisition-led ‘roll-up’ in a fragmented sector, Putin and Co in Russian have been busy in recent years quietly taking scores of small banks into state ownership...

1542. 2020 year of ‘slowbalisation’

Global economic growth in 2020 is expected to grow at a rate of around 3.4% in purchasing power parity terms,according to new projections by PwC, compared to its long-term average of a 21st century average of 3.8% per year...

1543. Berengaria sees hope on the horizon

Local media reported on Thursday that investors have been found for a potential revival of the historic Berengaria, with rumours pointing to renovation plans for the abandoned property in the Troodos Mountains...

1544. Cyprus pays off costly crisis loan early

The Cypriot finance minister says the government is repaying an IMF rescue loan faster and at a lower rate after a double bond issuance expected to secure most of the country’s borrowing needs for 2020...

1545. New Ayia Napa mayor to fight for autonomy

Newly-elected Ayia Napa mayor says he will stay the course in the fight to keep the resort town autonomous, while pushing for reform...

1546. Low denies central role in 1MDB scandal

Malaysian fugitive financier Jho Low, whose Cypriot passport came under scrutiny last year, says he was not the mastermind of the 1MDB scandal while confirming rumours he was offered asylum in an unnamed country...

1547. Pompeo to visit Cyprus next week

US State Secretary Mike Pompeo is scheduled to visit Cyprus next week where he will meet separately with the two leaders and reaffirm his country’s support for a UN-led effort to reunify the island under a federal roof...

1548. EastMed deal to be inked January

Cyprus President Nicos Anastasiades plans to attend a ceremony in Athens for the signing of an agreement on the EastMed pipeline, after Greece announced Sunday the project will proceed despite the objections of Turkey...

1549. Cyprus hails US EastMed bill signed into law

A new US law geared toward boosting energy and security cooperation in the east Mediterranean is indicative of the significance that Washington attaches to the region, Cyprus' foreign minister said Saturday...

1550. Senate-approved EastMed on Trump’s desk

US Congress’ approval of a spending package that includes the Eastern Mediterranean Security and Energy Partnership Act of 2019 signals a “new day in Greek-American relations,” said Senator Bob Menendez, one of the authors of the bipartisan legislation...

1551. Turkey warns US over Cyprus arms embargo

Ankara has warned Washington that an impending lift of a US arms embargo on the Republic of Cyprus is a “dangerous escalation” that would hamper efforts to reach a peace settlement on the divided island...

1552. EastMed bill squeezed through federal budget

US Senator Bob Menendez on Monday applauded a bipartisan deal on federal government spending that is comprised of 12 appropriations bills, including legislation shaping American strategy in the Eastern Mediterranean...

1553. Senate approves Armenian resolution

The US Senate on Thursday unanimously passed a resolution that recognizes as a genocide the mass killings of Armenians a century ago, a historic move that infuriated Turkey and dealt a blow to the already problematic ties between Ankara and Washington...

1554. British voters head to the polls

Voters go to the polls on Thursday in an election that will pave the way for Brexit under Prime Minister Boris Johnson or propel Britain toward another referendum that could ultimately reverse the decision to leave the European Union...

1555. US arms embargo to be lifted on conditions

President Donald Trump will have discretion over a current US arms embargo imposed on Cyprus, as both Senate and House conferees have reached an agreement on the defence budget for next year...

1556. MPs stalling Jiu Jitsu cash rebate

A cheque for €8.5 million to pay for Jiu Jitsu, a film starring Nicolas Cage, is being held up in the Cypriot parliament as opposition parties are blocking the cash rebate and asking questions...

1557. CITR Cyprus calls for modern insolvency rules

1558. Cyprus Tax Webcast November2019

Watch the new Deloitte Tax Webcast for November, presented by Mr. Pieris Markou, Deloitte Cyprus Tax & Legal Services Leader...

1559. PwC Cyprus presented the 'New World, New Skills' programme

1560. Central warns banks ‘not to overdo it’

The Governor of the Central Bank of Cyprus has called on smaller local banks not to get carried away with loaning money, urging them to follow the example of bigger banks and focus on reducing toxic debt...