UK to slash regulations for smaller private equity and hedge funds
Britain’s government wants to dilute regulations for smaller private equity and hedge funds in a bid to bolster the country’s appeal as an investment hub.
The UK finance ...
BP warns of weak gas trading and climbing debt
Energy group BP (BP.L) expects first-quarter gas marketing and trading earnings to be weak while net debt will rise, the company said this week, sending its shares lower.
The ...
Samsung’s first quarter profit beats expectations
Samsung Electronics this week flagged a much smaller-than-feared 0.2 per cent fall in first-quarter operating profit, boosted by solid memory chip sales and strong smartphone demand, partly driven by customers concerned ...
Porsche first quarter deliveries plunge 8 per cent globally
German sports car maker Porsche (P911_p.DE) delivered 8 per cent fewer vehicles globally in the first quarter, it said this week, hit by declining demand in China and Europe.
...
Cyprus’ sea level ‘may rise by up to one metre’
Climate change and the future of seas and oceans were discussed on Friday between European Commissioner for Fisheries and Oceans Costas Kadis and president of the Cyprus Institute Stavros Malas, ...
Our View: Pay-as-you-throw will only work if it’s fair
At an event to discuss the pay-as-you throw system on Wednesday night, Disy leader and House speaker Annita Demetriou highlighted how the lack of planning has stymied yet another green ...
Witkoff, Putin meeting ends after more than four hours
Talks between Russian President Vladimir Putin and US special envoy Steve Witkoff that focused on settling the Ukraine conflict concluded late on Friday after more than four hours.
The Kremlin ...
White House says ‘all hell to pay’ should Iran develop nuclear weapon
President Donald Trump wants Iran to know that there will be “all hell to pay” if it does not abandon its nuclear programme, his press secretary told reporters on Friday ...
Bomb goes off outside Hellenic Train offices in Athens, no injuries
An explosion occurred outside the offices of Hellenic Train in Athens, Greek police said on Friday, adding there were no immediate reports of injuries.
Police cordoned off the area after ...
Public works defend controversial new bus stops
The public works department has defended the new project for bus stops, saying that “it is not a scandal”, although the tender was given to a bid by €6 million higher ...
Trump says five more law firms agree to pro bono work for common causes
US President Donald Trump said on Friday that five more law firms had agreed to devote a total of at least $600 million in free legal work to causes he supports, ...
Webb telescope documents alien planet’s death plunge into a star
In May 2020, astronomers for the first time observed a planet getting swallowed by its host star. Based on the data at the time, they believed the planet met its doom ...
Pentagon fires Greenland base commander after Vance visit
The US military has fired the commander of a US Space Force base in Greenland following a visit there by Vice President JD Vance and said it would not tolerate ...
Cyprus, France in joint military training exercise
France and Cyprus conducted a joint military training exercise, the French Embassy in Cyprus said on Friday.
In a post on X, the embassy said, “As part of #CLEMENCEAU25 mission, ...
Two sent to jail in drug case
Larnaca’s criminal court sentenced two men, aged 52 and 41, to seven and four years in prison respectively, for the illegal possession of drugs with the intention of selling them.
The ...
Judge orders Trump administration to advise its steps to return wrongly deported Salvadoran man
The Trump administration must explain to a federal court without delay what it is doing to facilitate the return of a Maryland resident it illegally deported to El Salvador, a ...
Euthanasia cannot be used on healthy animals, says commissioner
Euthanasia cannot be a tool for managing healthy animals, environment and animal welfare commissioner Antonia Theodosiou said on Friday.
Commenting on recent posts on social media attributed to Theodosiou, the ...
Turkish Cypriot left turns on Erhurman over courthouse groundbreaking ceremony
Turkish Cypriot left wing media outlets on Friday offered harsh criticism for opposition political party CTP leader Tufan Erhurman over his attendance of Thursday’s groundbreaking ceremony for the new ...
Man arrested for possessing controlled medical drugs
A 33-year-old man arrested in Nicosia on Thursday for illegal possession of class C controlled drugs was on Friday taken before the Nicosia district court, which issued a five-day remand ...
Tenth arrest over violent eviction in Oroklini
The police said on Friday they had arrested a tenth person in connection with the attempted eviction of a group of third-country nationals from a block of flats in the ...
North land case defendants to admit charges
Two Hungarian nationals accused in a high-profile property development case will return to Nicosia Criminal Court on April 16, where they are expected to formally admit to several charges. Their lawyers ...
Electra was unsuccessful
In an article in MEES, Peter Stevenson reveals that ExxonMobil’s Electra well in block 5 was unsuccessful. It encountered gas, but not in commercial quantities.
There were high expectations that ...
Illegal processing of personal data raised in usurpation case
A question of illegal processing of personal data was raised on Friday at the Nicosia criminal court, during a trial within a trial in the case of a 49-year-old German ...
Local authorities in funding crisis
Municipalities are struggling to survive, president of their union Andreas Vyras said on Friday, highlighting that Cyprus has the lowest state funding for local authorities in the EU.
“It is ...