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1081. 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...

1082. Cyprus wants to rein in ‘passport-selling’ agencies

The Cyprus government has issued strict guidelines aimed at curbing the overt promotion of passports, censuring agencies that explicitly try to lure rich foreign nationals for enrollment in the citizenship-by-investment programme...

1083. Bank of Cyprus sells UK subsidiary

The Bank of Cyprus Financial Services is being sold to Cynergy Capital, as the BoC walks away from the UK to put more focus on performance in a rebounding Cypriot economy...

1084. Leoni Paraskevaides takes over J&P Overseas

There are new developments in the J&P Overseas saga in Riyadh, with the Cypriot company solidifying its leadership following an internal and legal battle that now appears to be over...

1085. Overall retail rise not overshadowed by slight drop

Retail trade volume in Cyprus dropped by 0.8% in April 2018 compared to March, but rose by 5.8% since a year ago...

1086. Senators add more roadblocks to Turkey’s F35 deal

US senators are turning up the pressure over the F35 fighter jet sale to Turkey, with new restriction proposals that could possibly make the delivery of the stealth warplanes more difficult...

1087. Airtickets.gr, Travelplanet24 suspend sales

Tripsta SA, the parent company of travel sites Airtickets.gr and Travelplanet24, announced on Thursday the suspension of all new ticket sales as part of a radical restructuring of the Greek-owned firm, which has also resulted in the sacking of 180 employees from Athens headquarters....

1088. Co-Op deal with Hellenic still up in the air

The government is running against the clock with bad loans legislation, which would include a bill approving state guarantees for Hellenic Bank to absorb potentially high-risk loans in co-op takeover...

1089. US Senate votes to block F-35 deal to Turkey

US senators voted overwhelmingly to block the sale of F-35 jet fighters to Turkey on Monday, while Lockheed Martin says it expects to deliver planes before the bill could become law...

1090. Cyprus dismisses reports on NATO scenarios

Foreign Minister Nicos Christodoulides says the Republic of Cyprus is not seeking membership into NATO or Partnership for Peace, reiterating that issues of security and defence are discussed inline with EU membership...

1091. Audit report on CCB made public amid negotiations

An audit report on the Cyprus Cooperative Bank (CCB) was made public on Friday, amid negotiations between the Co-op and its two bidders, making recommendations for improvement but also criticising the institution on a number of decisions...

1092. Sales of petroleum products record monthly increase

A press release issued by the Statistical Service of Cyprus says that a rise was recorded in the provisions of Gasoil for Marine use and Aviation Kerosene, as well as in the sales of Heavy Fuel Oil....

1093. Government and Co-op begin consultations with bidders

1094. Search for 'lost brides' of Cyprus digs up painful past

Those who witnessed it said a sobbing Fetine Menish had to be physically dragged by each arm to meet her fate; the 14-year-old was being married off to a Palestinian merchant searching Cyprus for a suitable Muslim wife to take back home...

1095. Pulitzer-winning author Philip Roth dies at 85

Author Philip Roth, who was both hailed and derided for laying bare the neuroses and obsessions that haunted the modern Jewish-American experience, died on Tuesday at the age of 85...

1096. M&S to close 100 UK stores in four years

British retailer Marks & Spencer plans to close more than 100 stores in its home market by 2022, accelerating a drive to re-shape its business as it strives to make at least a third of sales online...

1097. Cyprus tightens vetting for investment-for-passport scheme

In the wake of criticism that it was operating a "passports-for-cash" scheme, Cyprus has toughened up vetting procedures for those investors looking to get their hands on a European Union passport...

1098. Prince Charles to walk Meghan down the aisle

Prince Charles, the heir to the British throne, will walk Meghan Markle down the aisle at her glittering wedding to his son Prince Harry after her own father had to pull out because of ill health...

1099. Lidl fined €80,000 for false advertising

Cypriot authorities fined Lidl supermarkets €80,000 for misleading advertising, citing unfair commercial practices following complaints submitted by consumers...

1100. Greece, Cyprus and Israel together in Washington

While the leaders of Greece, Cyprus and Israel confirmed once again in Nicosia their strategic choice to follow a common course on a number of issues and to promote cooperation in a series of sectors – leading with energy – diaspora organizations from the three countries organized a joint conference in Washington...

1101. Greek and Jewish Diaspora team up for Cyprus security

The Greek-American and American Jewish communities have joined forces to promote legislation in the United States that would bolster the security status of Cyprus and block the sale of F-35 fighter jets to Turkey...

1102. Greek foreign minister dismayed by Greece’s 'vilification' in Cyprus court

Greek Foreign Minister Nicos Kotzias told the Nicosia District Court on Monday that it is a shame that his country and the Church cannot solve amicably a legal dispute over a land transfer...

1103. Adidas sticks by Kanye West after slavery remarks

Adidas remains committed to the Yeezy brand created by rapper Kanye West despite his comments describing slavery as a choice and praising US President Donald Trump...

1104. You can’t put a price on heritage

When the German tabloid Bild suggested that Greece should sell off Corfu and the Parthenon as part of its asset-stripping, they didn't know that Durrell had foreseen this many years ago...

1105. Economic sentiment in Cyprus marginally improves in April

The Economic Sentiment Indicator ESI, edged up by 1.5 points in April compared with the previous month, reaching 119 points...

1106. Hodgson hopes Wembley still home for England after buy bid

Former England manager Roy Hodgson has backed the Football Association’s (FA) decision to sell Wembley but hopes the stadium can be retained as the national team’s main ground...

1107. J&P Overseas struggles to make things right

There is no end in sight in the bitter division within J&P Overseas, with one executive drawing on the company’s old glory to save the company while another pointing to mismanagement and threatening to take legal action....

1108. Two Chinese suitors for Ethniki

The new process for the sale of 75 percent of Ethniki Insurance is starting for Chinese groups Fosun and Gongbao....

1109. Cyprus recovery is being recognised by international agencies

Fitch does not currently anticipate developments with a high likelihood of leading to a downgrade...

1110. Kammenos to be summoned over botched Saudi arms sale

Leftist deputies on Thursday blocked another request from New Democracy and other opposition parties for government ministers and other officials to appear before Parliament’s Institutions and Transparency Committee to respond to questions about the botched sale of ammunition to Saudi Arabia....