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1831. Super typhoon eyes Philippines

1832. Cyprus Airbnb bill gives neighbors a say

A nearly-complete Airbnb bill is heading back to the House committee, where a number of issues including tax exemptions and apartment rentals will need further clarification...

1833. Hellenic mulls over selling delinquent loans

Hellenic Bank posted a €35 million net profit for the first half of 2018, with the bank’s CEO Ioannis Matsis stating that the bank is ready to launch a tender for the sale of a portfolio of non-performing exposures within the next six months...

1834. Hellenic takes on 400,000 new customers

Hellenic Bank is taking on 400,000 new customers, leaving bad debt behind in the acquisition of healthy parts of state-owned Cyprus Cooperative Bank...

1835. Moody’s thumbs up to Bank of Cyprus bad loans sale

Moody’s credit rating agency says the recent sale of Non-Performing Loans by the Bank of Cyprus worth €2.8 billion is a positive step...

1836. Coca cola takes over Costa Coffee

The owners of café chain Costa have agreed to sell the business to Coca Cola for €5.4 billion, marking a new era for the global soft drink group...

1837. Bank of Cyprus gets rid of small business bad loans

The Bank of Cyprus says it has sold a portfolio of non-performing loans worth €2.8 billion to Apollo Global Management, a transaction that will reduce its stock of NPLs to €5.2 billion...

1838. Bank of Cyprus CEO stays put through 2020

Bank of Cyprus CEO John Patrick Hourican will stay in his current position through the end of 2020, following a decision by the executive board at the largest lending institution in Cyprus...

1839. Odysseas says Harris was being stubborn

The auditor general is pointing fingers at the finance ministry’s handling of the Cyprus Cooperative Bank affair, telling an independent investigation committee that some actions were misleading...

1840. Additional revenues of 4.7 billion euros needed to reach targets

The Greek government will have to collect additional tax revenues of 4.7 billion euros in the first post-bailout period of enhanced supervision (2018-2022) by its creditors, in order to achieve the agreed primary surpluses and record surpluses....

1841. Nicosia seeks legal input in Browder case

Nicosia has to make a final decision on whether authorities can legally cooperate with Russia in the Browder case, following a court ruling in early August opened the door for judicial assistance...

1842. Legal department terminates Agusta helicopter probe

The Legal Services department is closing the case of the controversial purchase of Agusta helicopters, saying investigators did not find evidence of wrongdoing...

1843. Over a thousand employees choose Co-Op buyout

Over a thousand employees at Cyprus Cooperative Bank signed up for a voluntary severance package, well above the target of 900 set by the bank ahead of a takeover by Hellenic Bank...

1844. NGO says asylees can’t cope in Cyprus

A human rights group is calling on authorities to do more to help asylum applicants in Cyprus, saying rules governing financial aid are “racist and inhuman” five years post economic crisis...

1845. US-Turkish tensions add to regional risk

US-Turkish relations have never been easy to manage. But the current standoff between Washington and Ankara is striking, even by the standards of an historically difficult relationship....

1846. Regling says Greece will remain linked to ESM

Greece will be monitored more closely by the European Stability Mechanism (ESM) and the other institutions after its bailout ends six days from now compared to other countries that emerged from rescue programs, according to ESM chief Klaus Regling....

1847. Trump signs defense policy bill suspending sale of F-35 jets to Turkey

US President Donald Trump has approved a defense budget law delaying the delivery of F-35 fighter jets to Turkey....

1848. Men sentenced for assaulting billionaire investor

The Famagusta District Court handed down sentences to four men in connection with the beating of Egyptian investor Naguib Sawiris, hours before the stone laying ceremony for the Ayia Napa marina back in 2016...

1849. Car registrations pick up this year

Registrations of motor vehicles showed increase in the first seven months of 2018, just as lawmakers get ready to pass a new bill...

1850. Report vindicates medics in young girl’s death

An internal report was urgently submitted to the health ministry, giving full account of events in an 8-year-old girl’s death after her mother declined specialised medical treatment...

1851. Cyprus won’t snub Russia in Browder affair

A Cypriot court has denied a request by Bill Browder’s attorney who was seeking a ban on local authorities providing any judicial assistance to Russia against his client...

1852. US senate delays F-35 transfer to Turkey

The US senate passed a huge defence bill granting President Donald Trump waiver authority on certain sanctions against Russian-buying countries but also forcing him to wait 90 days before deciding to allow the transfer of F-35 jets to Turkey...

1853. Hellenic forms ad hoc integration committee

Hellenic Bank says it has put together an ad hoc committee to oversee and facilitate the integration of recently-bought parts of Cyprus Cooperative Bank into the publicly traded Cypriot company...

1854. ECB lowers emergency funding cap for Greek banks to 8.4 bln euros

The European Central Bank lowered the ceiling on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 1.9 billion euros to 8.4 billion euros, the Bank of Greece said on Thursday....

1855. Greek bank deposits rise in June for fifth month in a row

Greek bank deposits rose in June for a fifth consecutive month, increasing by 1.3 billion euros ($1.52 billion), central bank data showed on Wednesday....

1856. Defence ministry dismisses kickback allegations

The defence ministry is dismissing allegations of money squandering, accusing a former state auditor of rehashing an old story in connection with kickbacks worth €5 million...

1857. UK ship insurer setting up Cyprus office over Brexit

British ship insurer London P&I Club is setting up a new subsidiary in Cyprus to ensure continued access to trade in the European Union in case Britain loses single market access...

1858. NETFLIX is king

The complete list of nominees for the best in television released for the 70th annual Primetime Emmy Awards reflects the new age of entertainment by streaming...

1859. Browder attorney in Cyprus rests his case

Bill Browder’s attorney in Cyprus says the government and justice minister are complying with a request for judicial assistance in order to keep Russia happy...

1860. Moody’s says BoC better off after UK sale

Rating Agency Moody’s has described the sale of Bank of Cyprus UK as credit positive, noting that the sale would place Bank of Cyprus in a better position to focus on reducing its domestic high stock of problematic loans...