https://knews.kathimerini.com.cy/en/news/russia-teetering-on-brink-of-default-as-us-stops-bond-payments
The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at U.S. banks, in a move meant to ratchet up pressure on Moscow and eat into its holdings of dollars....
https://knews.kathimerini.com.cy/en/news/moody-s-which-countries-are-geopolitically-and-financially-at-risk-from-the-war-in-ukraine
Geopolitical tensions in Eastern Europe may have been high for years, but the Russian invasion of Ukraine is a paradigm shift in the post-Cold War European order of security,...
https://knews.kathimerini.com.cy/en/news/ukraine-rejects-russian-neutrality-idea-as-zalensky-prepares-to-address-congress
Ukraine on Wednesday dismissed Russian proposals to turn it into a neutral state, as the United States readied a huge package of military aid ahead of a historic address to Congress by Kyiv's defiant leader....
https://knews.kathimerini.com.cy/en/news/default-looms-as-russia-hits-deadline-for-dollar-bond-payments
Russia will default on its debt for the first time since 1998 if it tries to make interest payments on its dollar bonds in roubles on Wednesday, rating agency Fitch has said....
https://knews.kathimerini.com.cy/en/news/russia-will-default-on-its-debts-imminently-fitch-ratings-agency-has-warned
Russia will default on its debts 'imminently', a leading credit rating agency has warned, as sanctions over Ukraine continue to pummel the country's economy....
https://knews.kathimerini.com.cy/en/business/russian-bank-subsidiary-in-europe-collapses
While the Moscow Stock Exchange remains closed for a third straight day and the ruble is losing value inside and outside Russia, heading back to Monday's record low again, the ECB yesterday confirmed the first bankruptcy of a subsidiary in Europe caused by sanctions and massive withdrawals. ...
https://knews.kathimerini.com.cy/en/news/in-historic-shift-germany-ramps-up-defense-spending-due-to-russia-s-ukraine-war
Chancellor Olaf Scholz on Sunday announced a major boost to German military spending in the latest of a series of dramatic moves reversing decades of Germany’s post-Cold War foreign policy in just a few days....
https://knews.kathimerini.com.cy/en/news/biden-putin-s-actions-are-the-the-beginning-of-a-russian-invasion-of-ukraine
US President Joe Biden described events now underway in Ukraine as "the beginning of a Russian invasion of Ukraine" as he unveiled harsh new sanctions to punish Moscow....
https://knews.kathimerini.com.cy/en/news/plea-bargain-offers-glimpse-into-azeri-trial
Prosecutors in Cyprus were on the rebound this week in the Azeri case after a defendant pleaded guilty to two charges, prompting media to speculate that a deal with the suspect-turned-witness could also make good on terror charges in a thwarted plot against Israelis on the island...
https://knews.kathimerini.com.cy/en/news/op-ed-the-two-trends-for-working-time
In the discussion about the time we dedicate to our work, a turn of 180 degrees has taken place and this is mainly due to the pandemic....
https://knews.kathimerini.com.cy/en/business/pandemic-to-‘spell-end-of-tax-privileges-for-billionaires
Thomas Piketty is one of the most famous economists in the world. His weighty tomes on inequality and its dangerous consequences for global capitalism have been widely praised by other stars of the dismal science, like Paul Krugman and Robert Solow. ...
https://knews.kathimerini.com.cy/en/business/cyprus-had-the-highest-stock-of-npls-in-eu-in-2020-eurostat-says
Cyprus remained the country with the highest stock of non-performing loans (assets) of the general government in 2020, according to data released by Eurostat, the statistical office of the European Union....
https://knews.kathimerini.com.cy/en/business/imf-forecasts-for-global-recovery-reduced-to-4-4-for-2022
"The world economy is entering 2022 weaker than previously expected," the International Monetary Fund said in a statement on economic forecasts for the new year. Pandemic, inflation and climate crisis will determine global growth, according to a report by the International Monetary Fund (IMF)....
https://knews.kathimerini.com.cy/en/news/desperate-afghan-families-resorting-to-selling-their-kidneys-and-even-their-own-children-to-buy-food
Entire families in Afghanistan have been forced to sell their kidneys so they can buy food, as the country plunges deeper into a humanitarian crisis....
https://knews.kathimerini.com.cy/en/life/robert-de-niro-s-nobu-hotel-to-open-in-santorini
Yet another leading name from the global tourism industry is arriving on Greece’s shores. Nobu Hospitality has announced the start of operations of its first hotel in the country, located on the island of Santorini....
https://knews.kathimerini.com.cy/en/business/npls-in-cyprus-decrease-€722-million-at-the-end-of-september
Α decrease of €722 million or 14.4% was recorded at the end of September 2021 in aggregate Non-Performing Loans (NPLs) compared with the end of June 2021, according to data released Friday by the Central Banks of Cyprus (CBC)....
https://knews.kathimerini.com.cy/en/business/cyprus-economy-grew-by-5-7-in-2021-according-to-eurostat
The continued high rate of growth in the fourth quarter of 2021 confirms the resilience and dynamism showed by the Cypriot economy and the soundness of our policies, boosting expectations for further growth in 2022, Finance Minister Constantinos Petrides said on Tuesday....
https://knews.kathimerini.com.cy/en/business/cypriot-economy-will-continue-to-recover-output-lost-during-2020
The Cypriot economy in 2021 recovered the output lost during the 2020 COVID crisis and will continue to grow with an average 3.7% in the years 2022 – 2024, the Central Bank of Cyprus expects, according to its economic bulletin, stressing that risks to the baseline scenario are balanced albeit slightly upside concerning inflation....
https://knews.kathimerini.com.cy/en/business/reflections-on-20-years-of-the-euro
Twenty years ago on Saturday, around 300 million Europeans held a brand-new currency in their hands, the euro....
https://knews.kathimerini.com.cy/en/news/christmas-on-borrowed-cash-for-many
One in four households will take on credit card debt to buy food and presents this festive season, according to the 2021 study of the European Consumer Payment Report....
https://knews.kathimerini.com.cy/en/news/defense-pokes-holes-in-cyprus-azeri-case
Half of the detained suspects in the Azeri case in Cyprus have been released from custody after their attorney argued that circumstantial evidence was insufficient to warrant their pre-trial detention and pointed to little chance of conviction...
https://knews.kathimerini.com.cy/en/news/turkish-lira-resumes-slide-to-17-5-against-the-dollar
The Turkish lira continued its freefall after President Recep Tayyip Erdogan rejected warnings from businesses about the dangers of recent interest rate cuts and vowed there was “no going back” from his approach....
https://knews.kathimerini.com.cy/en/business/more-foreign-banks-come-to-athens
Big global banks are planning to open branches in Athens next year, while other lenders are expanding their existing banking activity in Greece...
https://knews.kathimerini.com.cy/en/business/parliamentary-committee-report-on-state-budget-2022-sees-significant-uncertainties-due-to-pandemic
A report by the Parliamentary Committee of Financial and Budgetary Affairs on the State Budget for 2022 ahead of the plenary debate and vote this week, stresses the significant uncertainties affecting the projections upon which the budget is based....
https://knews.kathimerini.com.cy/en/news/end-of-an-era-germany-s-merkel-bows-out-after-16-years
Angela Merkel was assured of a place in the history books as soon as she became Germany’s first female chancellor on Nov. 22, 2005...
https://knews.kathimerini.com.cy/en/news/netflix-presenter-locked-up-in-nicosia
Wrongfully convicted Raphael Rowe, the presenter in NETFLIX series ‘Inside the World’s Toughest Prisons’ has made it to Cyprus, where he is to be locked up for a week in Nicosia Central Prisons without a trial...
https://knews.kathimerini.com.cy/en/news/debt-sustainability-in-all-member-states
ESM Managing Director Klaus Regling strongly believes that public debt is currently sustainable in all Member States of the monetary union.
...
https://knews.kathimerini.com.cy/en/news/queen-elizabeth-britain-s-longest-reigning-and-much-loved-monarch-has-died-age-96
Britain's longest-reigning and much-loved monarch Queen Elizabeth II has died aged 96, Buckingham Palace has announced. ...
https://knews.kathimerini.com.cy/en/news/police-keep-tight-lid-on-another-assassination-plot
Cyprus police are keeping a tight lid on another alleged assassination plot, as a similar case involving Israeli businessmen is ongoing behind closed doors, with law enforcement saying nothing except to confirm three people have been arrested...
https://knews.kathimerini.com.cy/en/news/another-gun-emerges-in-convoluted-azeri-case
Police have reportedly found a third gun in connection with a thwarted alleged plot against Israeli businessmen in Cyprus, while the prime suspect’s lawyer is resorting to the Constitution and crying foul over consecutive remand renewal tactics against his client...
