https://knews.kathimerini.com.cy/en/news/putin-urges-dollar-ditch-but-asks-summit-guests-for-dollars-and-euros
Russian President Vladimir Putin is leading efforts to reduce global reliance on the US dollar by promoting "de-dollarization" at a summit with over 20 world leaders. ...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-shareholders-moving-at-different-speeds
CarVal Investors recently sold 3% of its 9.09% stake in Bank of Cyprus, sparking speculation that other shareholders may follow suit and sell their shares....
https://knews.kathimerini.com.cy/en/business/cyprus-surpasses-pre-pandemic-financial-levels-with-growing-surplus
Cyprus is bouncing back from recent economic challenges, with its financial health improving dramatically. Current fiscal surpluses now exceed what they were before the pandemic, thanks to a significant increase in revenue....
https://knews.kathimerini.com.cy/en/news/are-the-us-elections-turning-into-the-battle-of-the-billionaires
In what seems to be a tit-for-tat move—especially after Elon Musk announced he would donate $1 million a day to registered voters who sign his PAC petition—Microsoft founder Bill Gates has reportedly thrown his support behind Democratic Vice President Kamala Harris in the 2024...
https://knews.kathimerini.com.cy/en/news/politico-giuliani-ordered-to-hand-over-property-to-pay-defamation-suit
Former New York City mayor Rudy Giuliani has been ordered by a federal judge to hand over a significant portion of his property, including his luxury Upper East Side apartment, to two Georgia election workers who won a $148 million defamation case against him....
https://knews.kathimerini.com.cy/en/comment/opinion/cypriot-banks-sending-loans-abroad-a-growing-risk
Yesterday, I had a conversation with someone who truly understands banking—probably more knowledgeable than many who think they do....
https://knews.kathimerini.com.cy/en/business/spike-in-suspicious-transactions-as-cyprus-freezes-over-€25-million-in-illicit-assets
Reports of suspicious transactions in Cyprus have risen sharply in 2023, reaching levels similar to those in 2021, as per a story by Kathimerini's Dorita Yiannakou....
https://knews.kathimerini.com.cy/en/news/ft-foreign-students-lured-to-illegal-universities-in-occupied-cyprus
The Financial Times published an extensive report from Nicosia, highlighting a scheme targeting foreign students, particularly from Africa and Asia, through agencies promoting study opportunities at illegal universities in the occupied northern Cyprus....
https://knews.kathimerini.com.cy/en/news/israel-targets-hezbollah-linked-bank-in-air-strikes-on-beirut
Israel launched multiple air strikes across Beirut and southern Lebanon, targeting Hezbollah strongholds, including branches of a bank accused of financially supporting the militant group. ...
https://knews.kathimerini.com.cy/en/news/vasilikos-terminal-in-limbo-as-negotiations-hang-by-a-thread
According to Apostolos Tomaras in today's Kathimerini, four months after the Chinese consortium pulled out of the construction of the Vasilikos terminal, efforts to fill the gap are still getting started....
https://knews.kathimerini.com.cy/en/news/finance-minister-stands-firm-on-economic-stability-amid-rising-pressures
In a recent interview with Andreas Kimitris, Cyprus Finance Minister Makis Keravnos spoke candidly about his firm stance on the country’s economic stability. ...
https://knews.kathimerini.com.cy/en/news/public-sector-salaries-to-increase-by-1-5-starting-october-2024
Cyprus' House of Representatives has passed an agreement between the government and trade unions to implement a general 1.5% wage increase for public......
https://knews.kathimerini.com.cy/en/news/cyprus-on-high-alert-after-cyberattack-threat-by-hackers
Cyprus state services are closely monitoring developments following a warning of an imminent cyberattack targeting the country's critical infrastructure, although no attack has occurred yet, according to well-informed sources....
https://knews.kathimerini.com.cy/en/news/german-estate-agent-denies-misappropriation-of-greek-cypriot-properties
In the ongoing saga surrounding the controversial sale of Greek Cypriot properties in the occupied territories, a German real estate agent has denied all charges against her. ...
https://knews.kathimerini.com.cy/en/news/interior-ministry-proposes-solutions-for-9-500-stranded-property-buyers
Interior Minister Constantinos Ioannou presented solutions for resolving issues faced by ''stranded buyers'' to the Parliamentary Committee on Legal Affairs, addressing about half of the nearly 9,500 pending cases....
https://knews.kathimerini.com.cy/en/news/effort-to-create-new-cooperative-bank-in-cyprus-begins-with-ipo-search
The Cypriot company for the promotion of the cooperative movement is at the process of seeking an investment firm that would underwrite an initial public offering for the creation of a “small cooperative bank” in Cyprus that would replace the Cooperative Cyprus Bank which went into liquidation back in 2018, Panikos Hambas told CNA....
https://knews.kathimerini.com.cy/en/news/new-scandal-in-tamassos-diocese-as-monks-allude-to-secret-video
Sources close to Metropolitan Isaiah of Tamassos and Oreini say he is determined to address the problems affecting his area. ...
https://knews.kathimerini.com.cy/en/news/bank-profits-in-crosshairs-as-tax-talks-heat-up
The future of a special tax on bank deposits paid to the state may be heading for a shift, though a final decision is not guaranteed. ...
https://knews.kathimerini.com.cy/en/news/calum-chace-how-ai-will-change-everything—are-we-ready
Calum Chace, a well-known expert in Artificial Intelligence (AI), recently took the stage at the Digital Agenda Cyprus Summit 2024 to share his insights into the future of AI and its impact on our world....
https://knews.kathimerini.com.cy/en/business/cyprus-investment-funds-grow-to-€9-4-billion-in-2024
Investment companies in Cyprus collectively manage assets worth €9.4 billion, with the amount growing by about 2.9% in the second quarter of 2024 but still below last year's figures....
https://knews.kathimerini.com.cy/en/news/attica-bank-secures-us-investment-ahead-of-€672m-share-sale
Two major US investment funds are expected to participate in Attica Bank’s share capital increase, which takes place from October 21 to 30 and aims to raise 672.2 million euros....
https://knews.kathimerini.com.cy/en/business/freedom-holding-corp-marks-5th-anniversary-of-nasdaq-ipo-with-significant-growth-milestones
Freedom Holding Corp. (FRHC) is celebrating the fifth anniversary of its IPO on the Nasdaq Capital Market, one of the world’s leading stock exchanges. ...
https://knews.kathimerini.com.cy/en/news/delays-hit-€85-traffic-fine-reduction-law
Three months after the unanimous approval by Cyprus’ Parliament to reduce fines for traffic violations caught by stationary cameras, the law has yet to be implemented.
...
https://knews.kathimerini.com.cy/en/news/france-offers-deals-to-win-cyprus-defense-contracts
According to Apostolos Tomaras in this Sunday's Kathimerini, France is working to maintain a strong foothold in Cyprus' National Guard as the Republic of Cyprus upgrades its military arsenal....
https://knews.kathimerini.com.cy/en/news/limassol-and-larnaca-set-for-greener-urban-transport
Cyprus has officially launched its Sustainable Urban Mobility Plans (SUMP) for Limassol and Larnaca, making a significant step towards the the country’s transition towards greener, more accessible urban spaces....
https://knews.kathimerini.com.cy/en/news/french-court-clears-cyprus-in-$1-4-billion-fbme-bank-case
France’s highest court has brought an end to the $1.4 billion legal battle over the resolution of FBME Bank, ruling that the Central Bank of Cyprus (CBC) acted prudently and did not breach any obligations under a bilateral investment treaty between Cyprus and Lebanon....
https://knews.kathimerini.com.cy/en/news/new-app-teaches-teens-money-management
As technology continues to evolve, digital currency is becoming an increasingly integral part of modern life, making daily transactions easier, faster, and more accessible....
https://knews.kathimerini.com.cy/en/news/ecb-cautiously-prepares-for-further-rate-reductions
The intention of the central bankers on the European Central Bank’s (ECB) Governing Council to proceed with another interest rate cut next week, as inflation data proves favorable, is indirectly but clearly reflected in the minutes of their last meeting, released today....
https://knews.kathimerini.com.cy/en/news/uk-youth-joblessness-jumps-25-since-2022
A growing number of young people in the United Kingdom......
https://knews.kathimerini.com.cy/en/news/russians-bypass-sanctions-in-occupied-areas
Russians are leveraging the occupied territories to evade sanctions imposed by the European Union and other Western entities in response to the conflict in Ukraine, according to an article from the Dutch newspaper Het Parool.
...
