https://knews.kathimerini.com.cy/en/news/ubs-steps-in-to-buy-rival-credit-suisse
Some of the world's largest central banks came together on Sunday to stop a banking crisis from spreading as Swiss authorities persuaded UBS Group AG to buy rival Credit Suisse Group AG in a historic deal...
https://knews.kathimerini.com.cy/en/business/ecb-raises-interest-rates-again-by-5-percentage-points
At noon on Thursday, the European Central Bank (ECB) confirmed that it would stick to its tactics to tackle inflation by announcing a 50 basis point hike....
https://knews.kathimerini.com.cy/en/news/42-000-euros-for-every-victim-who-died-in-the-tempe-rail-tragedy
Hellenic Train, whose train crashed in a head-on collision with a freighter on Feb. 28, killing 57 people on board, announced on Wednesday it will make advance payments to the families of the victims and to the passengers injured in the crash in Tempe, to cover their immediate financial needs....
https://knews.kathimerini.com.cy/en/news/credit-suisse-borrows-more-than-$50-billion-from-swiss-national-bank
Credit Suisse’s shares soared 30% on Thursday after it announced it would move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank, bolstering confidence as fears about the banking system moved from the U.S. to Europe....
https://knews.kathimerini.com.cy/en/news/it-s-been-10-years-since-the-haircut
In March 2023, Cyprus will mark 10 years since the deposit haircut. Ten years after the 2013 crisis, Cyprus looks completely different. During this decade, many changes have taken place and its citizens have experienced many different situations,...
https://knews.kathimerini.com.cy/en/news/young-woman-killed-in-car-crash-outside-nicosia
A young woman was killed in a road accident on Tuesday after her car collided head on with another vehicle near her native town...
https://knews.kathimerini.com.cy/en/news/kedipes-interest-subsidies-for-good-loans-in-2023
As a reward for borrowers who stick to the repayment schedule of their credit facilities for the year 2023, KEDIPES is moving forward with an interest subsidy for restructured credit facilities that have the ECB base rate as their base rate....
https://knews.kathimerini.com.cy/en/news/nicosia-among-small-european-cities-of-the-future
Nicosia ranks first in the category of small European cities of the future for human capital and lifestyle, according to the results of the European Cities & Regions of the Future 2023 global ranking....
https://knews.kathimerini.com.cy/en/news/cyprus-gdp-and-employment-up-according-to-eurostat
Both GDP and employment increased during the 4th quarter of 2022 compared to the previous quarter in Cyprus, while in the eurozone GDP remained stable and employment increased and in the EU GDP fell and employment increased, according to estimates released by Eurostat, the statistical service of the EU....
https://knews.kathimerini.com.cy/en/business/ey-cyprus-a-gold-sponsor-at-the-6th-annual-capital-link-cyprus-shipping-forum
EY Cyprus was, once again, a gold sponsor of the 6th Annual Capital Link Cyprus Shipping Forum, which was held at the Columbia Plaza, in Limassol, on Tuesday, March 7th 2023....
https://knews.kathimerini.com.cy/en/business/ecommbx-welcomes-former-cysec-chairwoman-to-its-board
ECOMMBX, a progressive Electronic Money Institution based in Nicosia, known for it forward-thinking and customer-centric corporate culture, is proud to welcome a new member to its board: Ms Demetra Kalogerou (BSc, MSc, MPhil)....
https://knews.kathimerini.com.cy/en/news/eu-warns-hungary-about-moving-its-embassy-to-jerusalem
Only a few days after Israeli media reported that the ministers of foreign affairs of Israel and Hungary had reached an agreement to move the Hungarian embassy in Israel from Tel Aviv to Jerusalem, the European Union authorities slammed such a plan....
https://knews.kathimerini.com.cy/en/business/techisland-equipped-a-new-computer-class-in-the-arakapas-school-after-the-wildfire
Non-profit organization TechIsland rebuilt the Regional Primary School in Arakapas, which suffered from a terrible wildfire. The organization has invested more than 200 000 euros in renovating the school. TechIsland also contributed to the opening of a computer class with the help of Asbis, one of the board members of the company. ...
https://knews.kathimerini.com.cy/en/news/toblerone-forced-to-change-logo-due-to-its-un-swissness
The most famous mountain in Switzerland is no longer appropriate for Toblerone to use on its packaging. Due to its decision to relocate a portion of its production to the Slovakian capital, Bratislava, this year, US company Mondelez, ...
https://knews.kathimerini.com.cy/en/news/iran-poison-attacks-on-schoolgirls-spark-protests
Worried parents protested in Iran’s capital Tehran and other cities on Saturday over a wave of suspected poison attacks that have affected schoolgirls in dozens of schools, according to Iranian news agencies and social media videos....
https://knews.kathimerini.com.cy/en/news/cyprus-forum-on-shipping-in-limassol
Capital Link is hosting the sixth annual Cyprus Shipping Forum on Tuesday, at the Columbia Plaza in Limassol...
https://knews.kathimerini.com.cy/en/news/government-surplus-of-€609-5-million-for-2022
General Government preliminary fiscal results published by the Statistical Service of Cyprus on Tuesday indicate a surplus of €609.5 mn, equal to 2.3% of GDP, for the period of January-December 2022, compared to a deficit of €402.8 mn or 1.7% of GDP, that was recorded during the period of January-December 2021....
https://knews.kathimerini.com.cy/en/news/the-who-s-who-of-the-christodoulides-government
On Monday afternoon (27/02), Nikos Christodoulides, the country's new leader, unveiled his new administration. Read the detailed biographies of the individuals who make up the new government....
https://knews.kathimerini.com.cy/en/business/eib-financed-€250-million-worth-of-green-projects-in-cyprus
The European Investment Bank (EIB) reported on Wednesday on its strong engagement in Cyprus for 2022, with new financing signed reaching a total of €250 million, all of which was invested in green projects....
https://knews.kathimerini.com.cy/en/business/ey-presents-report-on-the-future-of-banking-in-cyprus
The report showcases the importance and contribution of Cypriot banks to the wider economy and society, and identifies current and upcoming challenges and opportunities...
https://knews.kathimerini.com.cy/en/news/turkey-rejects-links-between-nato-expansion-f-16-deal
US Secretary of State Antony Blinken on Monday called for Sweden and Finland to be accepted into NATO 'as quickly as possible,' although his Turkish counterpart dismissed the possibility of any link between their accession and Turkey’s request for F-16 fighter jets...
https://knews.kathimerini.com.cy/en/news/the-message-behind-biden-s-historic-visit-to-kyiv
"One year later, Kyiv is holding firm. Ukraine too. And Democracy endures."...
https://knews.kathimerini.com.cy/en/news/man-arrested-in-cyprus-drops-bombshell-biden-claim
A professor from Israel, who was arrested in Cyprus on a US warrant, says his prosecution is politically motivated and further alleges that the Justice Department is trying to discredit him over dirt he has on Hunter Biden’s deals with China...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-71-million-in-profits-in-2022
Bank of Cyprus' profit for 2022 was 71 million euros, up from 30 million euros in 2021....
https://knews.kathimerini.com.cy/en/news/biden-makes-surprise-visit-to-ukraine
US President Joe Biden is in the capital of Ukraine, Kyiv, according to the BBC and Ukrainian media....
https://knews.kathimerini.com.cy/en/news/cyprus-first-in-2023-trap-and-skeet-international-grand-prix
Seven medals in shooting and 7 in trap were secured by Cypriot athletes in the Cyprus Grand Prix 2023 Trap and Skeet international competition, earning them first place in the relevant scoreboard....
https://knews.kathimerini.com.cy/en/news/is-europe-ready-to-accommodate-older-travelers
As the world’s population is growing older, the tourism industry will have to adjust, meaning that tourism should be more accessible and inclusive for this category of travelers....
https://knews.kathimerini.com.cy/en/news/russian-ambassador-ceremony-in-cyprus-draws-on-friendship
The new Russian ambassador to Cyprus presented his credentials to the outgoing president on Thursday, with the two men highlighting friendship and cooperation amid strained relations between the two countries...
https://knews.kathimerini.com.cy/en/news/cypriot-humanitarian-aid-en-route-to-turkey
Humanitarian aid donated by Greek Cypriots was loaded onto UN trucks in the buffer zone on Wednesday in cooperation with Turkish Cypriot relief efforts to earthquake victims...
https://knews.kathimerini.com.cy/en/news/credit-suisse-posts-$1-51-billion-loss-in-4th-quarter-of-2022
Credit Suisse on Thursday reported a fourth-quarter and annual net loss that missed expectations, as the Swiss bank continued with its huge strategic overhaul....
