Search

481. 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....

482. 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,...

483. Banks around the world feel force of SVB fallout

U.S. President Joe Biden vowed to do whatever was needed to address a threatened banking crisis after the collapses of Silicon Valley Bank and Signature Bank forced regulators to step in with emergency measures....

484. Cypriot law enforcement to shed Schengen’s lone sheep status

Justice Minister Anna Koukkides-Prokopiou has said she is pleased with the launch of the Schengen Information System (SIS) and the fact that the Republic of Cyprus will be able to have access to the system starting from the end of July. ...

485. High concentrations of dust in the air today

High concentrations of dust are expected to dominate the skies today, March 3, 2023, according to measurements from the ground stations of the Air Quality Monitoring Network of the Labour Inspections Department....

486. Akamas compensation guidelines poses risks, says Finance Minister

"The guidelines for compensating landowners in Akamas for the loss of land value they have incurred and providing assistance to the neighborhood are speculative and ill-defined....

487. A breakthrough in men's birth control

Researchers revealed on Tuesday (yep, Valentine’s Day) that a birth control pill for men is yielding promising results in the lab. Because of the unique way it would prevent pregnancy, this pill could become the first legit contraception alternative to vasectomies and condoms for men....

488. Death toll surpasses 11,000 as Erdogan visits quake ravaged areas

President Recep Tayyip Erdoğan has visited the region of southern Turkey devastated by this week’s earthquake as the death toll rose above 11,000 and acknowledged that his government faced problems getting aid to victims....

489. Cyprus at the crossroads

South African citizens/voters had two choices in deciding their country's future in 1990. The first option was to maintain the status quo, which would have resulted in a major civil war that would have destroyed the country and resulted in many deaths....

490. Averof Neofytou speaks to Oriana Papantoniou on 'Diaspora News'

The candidate for the Presidency of the Republic and President of DISY, Averof Neofytou, gave an interview with "SPOR FM 95.0" and the show "DIASPORA NEWS" with journalist Oriana Papantoniou at noon on Tuesday (31/01)....

491. Leaders of both sides agree current state of Cyprus unacceptable

Participants in a meeting of leaders and representatives of Greek Cypriot and Turkish Cypriot political parties held on Wednesday, at Ledra Palace, in Nicosia underlined risks from a status quo in Cyprus which is not static but is getting worse, a joint communique issued after the meeting said....

492. Herodotou calls for increased vigilance to avert private debt defaults

Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) called for the preservation of fiscal space, as the economic prospects are deteriorating due to Russia’s war in Ukraine....

493. Kadis: 'Akamas local plan to be implemented before the elections'

Today's Council of Ministers meeting will address the local plan for Akamas. An issue that remains a source of contention between the Ministries of Interior and Agriculture,...

494. PWC survey: Seven out of ten CEOs are pessimistic about 2023

According to the 26th Annual Global CEO Survey conducted by PwC between October and November 2022, nearly three-quarters (73%) of respondents expect global economic growth to slow over the next 12 months....

495. The properties 'threatened' by the Pedieos River

There have been numerous occasions in recent years when the Pedieos River's overflow has resulted in serious issues. ...

496. Cypriot judge slams Chinese justice in extradition case

A Cypriot judge denied last week an extradition requests citing a lack of fair trials in China, a decision said to be a precedent for many other cases on the island, in Europe, and around the world...

497. EY Cyprus organised the 2nd Annual Corporate Reporting Insights event

EY Cyprus organised the 2nd Annual Corporate Reporting Insights event held on 16 December 2022, at Lemon Park Nicosia, with the participation of senior executives from Cypriot and multinational corporations. The event focused on the major shift underway in recent years, as emphasis moves from financial to corporate reporting. ...

498. The fierce battle for second place

499. Cop screams at Wolt drivers during protest in Cyprus

Wolt drivers in the Republic of Cyprus carried on with demonstrations this week over working conditions and compensation, with one cop known as ‘Black Widow’ getting into a shouting match with food couriers who took to the streets of the capital...

500. The 2023 Budget in the vortex of the elections

The government of President Anastasiades has just submitted its final budget, for 2023. DISY will undoubtedly support the budget, but it will be interesting to see what position it will take if and when the polls are confirmed....

501. The expansion of the digital economy and the upcoming exchange of information and tax transparency regimes

The exchange of information has been widely considered as a one of the most effective measures in tackling tax evasion and protecting the integrity of tax systems. ...

502. 'FTX-style crypto crash won’t happen in Europe'

The cryptocurrency world is reeling after the collapse of crypto exchange FTX — but EU policymakers are patting themselves on the back....

503. World's largest crypto exchange platform to set up shop in Cyprus

The FTX bankruptcy scandal a few weeks ago rocked the entire crypto world to its core, after its founder Sam Bankman-Fried, the "wonderboy" of the crypto trading world,...

504. Prisons are the 'headquarters' of organized crime

The measures taken by the Central Prison Management are neither sufficient nor effective and results in an uncontrolled and extremely dangerous situation that poses risks to the safety and lives of people inside and outside the Prison, ...

505. The effects of Global warming on banks and insurance companies

One of the last print editions of the Economist had the title ‘Say goodbye to 1.5° C’ which refers to the goal of limiting the increase in the average temperature of the planet to 1.5 degrees Celsius...

506. EY Cyprus presents the Transparency Report 2022

ΕΥ Cyprus has released its Transparency Report 2022, which provides an update on the firm’s efforts to execute high-quality audits, identify and mitigate risks and enhance trust in business and the capital markets, in support of sustainable, long-term value creation. ...

507. Kyriakides: 'The next health crisis will be caused by antibiotic overuse'

Antimicrobial resistance is “often seen as the next big health crisis”, Commissioner for Health Stella Kyriakides said in a statement ahead of November 18th, European Antibiotics Awareness Day, commenting on a pan-European survey on antimicrobial resistance which has shown that half of Europeans still incorrectly believe that antibiotics kill viruses....

508. ECB: Banks in Italy, Portugal, Greece, Cyprus could see highest rise in NPLs

Banks in Italy, Portugal, Greece and Cyprus could suffer some of the biggest increases in non-performing loans while France, Ireland and Luxembourg could be among the best performers, the European Central Bank said in a fresh study on Tuesday....

509. High speed chase in Nicosia sparks debate

A motorcyclist was hospitalized on Tuesday after he was injured in an accident during a high-speed police chase, which caught onlookers by surprise as the suspect took cops on a dangerous ride through the capital...

510. Student demonstrators call for reunification (images)

Students marched on Tuesday in Nicosia and other government-controlled areas of Cyprus, in protest of the unilateral declaration of the illegal Turkish Cypriot regime. ...