https://knews.kathimerini.com.cy/en/news/key-wagner-figures-among-victims-in-jet-crash
Yevgeny Prigozhin, the 62-year-old head of Russia's private military company Wagner, known for his leadership in a mutiny against the Russian military in June, along with his company's top military figure, Dmitry Utkin,...
https://knews.kathimerini.com.cy/en/news/cyprus-faces-deceleration-amid-inflation-and-rising-rates
Cyprus' economy experienced a slowdown in the second quarter of 2023, prompting inquiries about the situation. According to the preliminary estimate provided by the Statistical Service, ...
https://knews.kathimerini.com.cy/en/news/$280b-lost-in-fraud-and-mismanagement-of-us-covid-relief-aid
A recent investigation conducted by the Associated Press has exposed a rampant wave of fraud and mismanagement in the distribution of federal COVID-19 relief aid in the United States....
https://knews.kathimerini.com.cy/en/news/former-us-based-bank-executive-to-lead-turkey-s-central-bank
Turkish President Recep Tayyip Erdogan on Friday appointed a former U.S.-based bank executive to head Turkey’s central bank, in another sign that his administration might pursue more conventional economic policies....
https://knews.kathimerini.com.cy/en/news/us-publishes-new-sanctions-list-with-cypriot-entities-raises-concerns
In a recent development, the United States released a new sanctions list on Friday (19/05), which includes the names of several Cypriot citizens and entities....
https://knews.kathimerini.com.cy/en/news/us-expected-to-release-new-sanctions-list-in-coming-hours
In a long-awaited move, the United States is anticipated to unveil a new sanctions list within the next few hours. ...
https://knews.kathimerini.com.cy/en/business/expanding-profitability-and-strengthening-capital-position
Group Financial Results for the year ended December 31, 2022...
https://knews.kathimerini.com.cy/en/comment/opinion/the-unintended-consequence-how-our-online-history-built-the-ai-industry
The AI boom is built on data, the data comes from the internet, and the internet came from us....
https://knews.kathimerini.com.cy/en/news/president-anticipates-information-on-sanctions-today
We will probably receive on Friday the first concrete information that we have requested as regards the sanctions imposed to persons and legal entities in Cyprus, President of the Republic, Nikos Christodoulides has told CNA, adding that Cyprus is in contact with the USA and the UK on a daily basis about this issue "with a view to having all the information before us, so that the competent authorities of the Republic of Cyprus will do what they have to do."...
https://knews.kathimerini.com.cy/en/news/president-willing-to-assist-investigation-into-sanctions
President of the Republic, Nikos Christodoulides, has contacted a US administration high-ranking official expressing the government's will and determination to look into the cases of natural and legal entities in Cyprus that have been included in the US list of sanctions for facilitating Russian oligarchs who are subject to sanctions, asking for more information that will facilitate this investigation, Government Spokesperson, Konstantinos Letymbiotis, has told the Cyprus News Agency (CNA)....
https://knews.kathimerini.com.cy/en/business/assets-of-us-and-uk-sanctioned-entities-in-cyprus-will-be-frozen
Cypriot individuals and entities included in UK and US sanctions list will see their assets in the Cypriot banking system frozen and will not be able to carry out any banking transaction in Cyprus, Marios Skandalis, Chief Compliance Officer of Bank of Cyprus, the island’s largest lender has said....
https://knews.kathimerini.com.cy/en/news/washington-targets-russian-enablers-in-cyprus
A US list further curbing Russia’s access to the international financial system through facilitators and their businesses includes Cypriot nationals and Cypriot businesses...
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/news/1-300-loan-applications-submitted-for-oikia-scheme
Applications for 1,318 potentially eligible loans involving a total amount of €131.1 million were submitted under the Oikia scheme, which is a loan management plan with government funds granted under Government Housing Plans....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/hsbc-buys-failed-silicon-valley-bank-in-bid-to-stem-fallout
Governments in the UK and the U.S. took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down....
https://knews.kathimerini.com.cy/en/news/k-reveals-the-salaries-of-n-christodoulides-and-his-ministers
Cyprus has been waiting since Monday for the names of the new Cabinet and the rest of the group of state officials who will take office. As President-elect Christodoulides continues to scout for his ministers, K's sources are saying that the new Cabinet will be firmly in place during the upcoming week, closer to the day of the 'changing of the guard' at the Presidential Palace....
https://knews.kathimerini.com.cy/en/news/mortgage-to-rent-plan-approved
The Cabinet has approved the Treasury's proposal to establish a "rent versus installment" scheme known as mortgage to rent....
https://knews.kathimerini.com.cy/en/news/washington-stops-short-of-tongue-lashing-nicosia
Washington says there is no new policy to announce regarding a recent arms embargo lift on the Republic of Cyprus, following news that US sanctions have been imposed on several dealers including individuals who are based on the island...
https://knews.kathimerini.com.cy/en/news/a-large-number-of-foreclosure-notices-to-be-sent-tomorrow
Today, Tuesday, January 31, 2023, marks the end of the most recent three-month suspension of divestments imposed by a resolution of the House of Representatives. ...
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/business/cyta-expects-€400-million-in-revenue-this-year
Deputy Chairman of the Committee Chrysis Pantelides told CYTA after discussing the organization's budget for 2023 that CYTA is a very good example of a profitable and robust semi-governmental organization that should remain in the ownership of the state so that the public and society at large reap these important benefits....
https://knews.kathimerini.com.cy/en/news/double-tax-treaty-talks-to-begin-between-cyprus-and-australia
Cyprus Finance Ministry has expressed satisfaction with the positive reaction of Australian authorities to initiate bilateral negotiations for the conclusion of the Convention for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance....
https://knews.kathimerini.com.cy/en/news/investors-lost-$1-billion-on-ftx-prompting-calls-for-industry-regulation
The turmoil in the cryptocurrency world continues unabated following the bankruptcy of the FTX platform, which landed its founder, Sam Bankman-Freid, bankrupt almost overnight. ...
https://knews.kathimerini.com.cy/en/news/cnn-journalist-cancels-interview-with-iranian-president-when-asked-to-wear-headscarf
CNN's Christiane Amanpour canceled an interview with the Iranian president after he asked her to wear a headscarf amid the civil unrest in Tehran....
https://knews.kathimerini.com.cy/en/news/erdogan-convenes-meeting-to-discuss-sanctions-on-russia-in-possible-turnaround
Turkish President Tayyip Erdogan will convene a top-tier economy-focused meeting on Friday at which Russian payment system Mir and possible Western sanctions will be discussed, two sources with information on the matter told Reuters....
https://knews.kathimerini.com.cy/en/news/two-turkish-banks-suspend-russian-mir-payments-after-u-s-sanctions
Turkish lenders Isbank and Denizbank have suspended the use of the Russian payment system Mir, the banks said on Monday, following a U.S. crackdown on those accused of helping Moscow skirt sanctions over the war in Ukraine....
https://knews.kathimerini.com.cy/en/news/us-warns-turkey-for-violating-sanctions-against-russia
The Biden administration has warned Turkish businesses not to do business with sanctioned Russian institutions and individuals, ramping up US pressure on a NATO ally that maintains strong ties to Russia during its invasion of Ukraine, the Wall Street Journal reported....
https://knews.kathimerini.com.cy/en/news/russia-sending-money-to-turkey-for-the-$20-billion-akuyo-nuclear-plant
A Russian state-owned company is transferring money to a subsidiary that’s building a $20 billion nuclear power plant on Turkey’s Mediterranean coast, alleviating concerns the project could be delayed by war sanctions....
https://knews.kathimerini.com.cy/en/news/nicosia-jittery-about-us-demand-to-ban-vessels
The Republic of Cyprus reportedly has concerns over a US request to ban vessels transporting Russian oil, with the small island but major maritime player feeling pressure as Washington leads a G7 effort to sharply reduce Russian oil revenue...
