UBS flags commercial real estate downturn as a top risk
UBS (UBSG.S) flagged on Thursday the downturn in commercial real estate markets as one of the “top and emerging risks” facing the Swiss bank, as higher borrowing costs and ...
Baltimore bridge collapse likely to result in multibillion-dollar insurance claims
The collapse of Baltimore’s Francis Scott Key Bridge is likely to lead to a multi-billion dollar insurance loss, the chairperson of commercial insurance market Lloyd’s of London (SOLYD....
New church controversies at expense of environment in Ayia Napa
Controversial works regarding the building of a monastery in an environmentally sensitive area in Ayia Napa are being investigated, it emerged on Thursday.
Speaking to CyBC, deputy environmental department director ...
Our View: ‘Human-centred’ measures merely a distraction from bad news
For this government, an unpopular measure must be accompanied by something positive, at least communications-wise, because it wants to minimise the criticism by media and opposition parties, which would have ...
Nigeria to free 313 suspected Boko Haram insurgents for lack of evidence
Nigeria’s military will free more than 300 people suspected of being part of the Boko Haram Islamist insurgency after a court ruled there was no evidence they committed any crimes, ...
Cyprus ‘must develop adaptation strategies’ against climate change
Cyprus is “particularly vulnerable” to the effects of climate change, Agriculture Minister Maria Panayiotou announced on Thursday during an event organised by the meteorology department, coinciding with World Meteorology Day.
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World Court orders Israel to halt Gaza famine; Hamas says ceasefire needed
The World Court on Thursday unanimously ordered Israel, accused by South Africa of genocide in Gaza, to take all necessary and effective action to ensure basic food supplies to the ...
Zelenskiy tells U.S. House speaker: quick passage of military aid is vital
President Volodymyr Zelenskiy told the speaker of the U.S. House of Representatives during a phone call on Thursday that it was vital that Congress passes a new military aid ...
House passes budgets for public entities including CyBC
The House plenum on Thursday passed the budgets of four more public-law entities, including the Natural Gas Public Company (Defa) and the Cyprus Broadcasting Corporation (CyBC).
The two other public ...
‘Oppenheimer’ director Christopher Nolan to be given knighthood
British-American filmmaker Christopher Nolan, fresh from his Oscar victory for historical drama “Oppenheimer”, will receive a knighthood from Britain for services to film.
His wife and film producer Emma Thomas ...
US, Mexico to partner on semiconductor supply chain development
The United States will partner with Mexico to explore semiconductor supply chain opportunities, the State Department said on Thursday, as the Biden administration pushes to reduce reliance on China and ...
Israel has not received everything it has asked for, top US general says
The United States’ top general said on Thursday that Israel had not received every weapon that it has asked for, in part because President Joe Biden’s administration was not ...
MPs demand urgent action on liver transplant patient care
MPs at the House health committee on Thursday called on state health services organisation (Okypy) and the health ministry to promptly address the hospitalisation and post-operative care of liver transplant ...
Traffic fines: same penalties, longer payment period
Out-of-court fines for traffic violations will largely remain the same but offenders will have more time to pay them, according to tweaks to the legislation discussed in parliament on Thursday.
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Festival explores experimental music scene
Music knows no boundaries. Some of it is structured and carefully planned to produce divine melodies. Yet there exists a world where music is born on the spot, improvised, and ...
Mixed-marriage Turkish Cypriot loses appeal for citizenship
A Turkish Cypriot born to a “mixed marriage” had his appeal against a denial of his Cypriot citizenship rejected by the Nicosia administrative court on Thursday.
The court upheld the 2007 ...
Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud
Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in ...
Two years in jail for killer driver
The Limassol district court on Thursday sentenced a 25-year-old to two years in prison for a fatal traffic accident that took place on July 10, 2020, resulting in the death of 19-year-old ...
Russia says evidence links concert hall attackers to ‘Ukrainian nationalists’
Russian investigators said on Thursday they had uncovered evidence that the gunmen who killed more than 140 people in an attack on a concert hall near Moscow last week were linked ...
‘Feverish pace’ over monk scandal investigations
Police have secured bank details for the two monks embroiled in a massive scandal, though they have yet to appear before the church-appointed investigative committee.
A CNA source on Thursday ...
Man threatens to incinerate own mother
A man appeared in court in the north on Thursday accused of threatening to incinerate his own 79-year-old mother.
Police officer Hasan Celik said in court that the man had ...
Fallout from CyBC delayed budget submission
CyBC’s delayed budget submission was deemed “proverbial callousness” by opposition Akel on Thursday, who proposed a law to stop delays in budget submissions from semi-governmental organisations.
“It will put ...
Tatar: Israel not our enemy
Turkish Cypriot leader Ersin Tatar said on Thursday that Israel “is not our enemy”.
Reactions to the issue of property sales to third country nationals in the north have been “...
Boat Race rowers told to avoid the water as UK sewage dumping surges
Victorious rowers in Britain’s University Boat Race have been warned not to jump into the River Thames this weekend due to alarming levels of E. coli bacteria, as official ...