Cypriots divided on how easy it is to start a new business
Cypriots are split on whether it is easy to start a new business here, as well as whether there are robust opportunities for doing so, according to the Global Entrepreneurship ...
Man arrested for extortion in Limassol
Police in Limassol on Monday arrested a 28-year-old man for money extortion through threats.
In a complaint received last Friday, the owner of a Limassol property told police that on ...
Ukraine says missiles blown up in annexed Crimea, Russia says civilians targeted
Ukraine‘s defence ministry said on that an explosion in Dzhankoi in the north of the Crimean peninsula destroyed Russian cruise missiles intended for use by Russia’s Black Sea ...
Scratched EV battery? Your insurer may have to junk the whole car
For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing insurance companies to write off cars with few miles – leading ...
Cyprus Business Now
The Cyprus Maritime and Maritime Institute (CMMI) has released a statement saying that it has launched the Adaptation project, which seeks to promote the green transition in the shipping industry.
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Global banking turbulence prompts Wall Street banks to trim hawkish Fed bets
Goldman Sachs is expecting a pause this week from the US Federal Reserve after a year-long rate increase campaign as Wall Street banks scale back their hawkish expectations in the ...
Tender process for the revamp of Pattichion park in Larnaca
Larnaca municipality has launched the tender process for construction works aiming at a revamp of Pattichion park and the area surrounding it.
According to as announcement on Monday, this upgrade ...
Our View: Instead of sticking to auditing, auditor-general talks like a populist politician.
A COUPLE of weeks ago, auditor-general Odysseas Michaelides appeared before the House oversight committee to discuss the audit office’s special report on the University of Cyprus (UCy) for the ...
Did SVB break the Fed? Officials mull risks of more rate increases
At an early January meeting of the Virginia Bankers Association, executives were already nervous that Federal Reserve interest rate increases were making it hard to compete for deposits.
“Everywhere I ...
Venezuela oil minister resigns, police arrest officials in corruption sweep
Venezuela’s oil minister Tareck El Aissami said on Monday he will resign and at least six officials were arrested following investigations by police into corruption, including at state-owned oil ...
Israeli minister says ‘no such thing’ as Palestinian people
An Israeli minister with responsibility for administrating the occupied West Bank drew condemnation on Monday after he said there was no Palestinian history or culture and no such thing as ...
JPMorgan, Deutsche Bank ordered to face lawsuits over Jeffrey Epstein ties
A U.S. judge said on Monday JPMorgan Chase & Co JPM.N and Deutsche Bank AG DBKGn.DE must face lawsuits accusing them of enabling Jeffrey Epstein’s sex ...
French govt narrowly survives no-confidence vote but faces more challenges (Update)
Protesters set piles of rubbish on fire in central Paris on Monday after President Emmanuel Macron’s government narrowly survived a no-confidence motion in parliament on Monday over a deeply ...
EU-led donors to provide 7 bln euros to help rebuild Turkey after earthquake
Donors at a European Union-led conference on Monday pledged 7 billion euros ($7.5 bln) to help to rebuild Turkey after last month’s devastating earthquakes, while Ankara estimated the costs at more ...
Ministry opposition to tax arrears extension
The finance ministry on Monday sought to shoot down proposals brought by legislators to extend the repayment period for tax arrears, warning that doing so would set a bad precedent.
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New strings ensemble Synergia brings Vivaldi to life
In its first concerts musical project Synergia, an ensemble of acclaimed musicians, will present the soulful masterpieces of Vivaldi. The Synergia – Spring with Vivaldi concerts in Nicosia and Limassol aim ...
Over one hundred Cypriot-based companies sanctioned by Ukraine (Update)
A total of 109 companies based in Cyprus are among those sanctioned by Ukrainian President Vladimir Zelensky, including gambling company Parimatch.
“This is an egregious mistake. We hope it will be ...
Amazon deepens tech-sector cuts by slashing another 9,000 jobs
Amazon.com Inc on Monday said it would axe another 9,000 roles to make its operation lean and manage economic uncertainty, marking a new round of job cuts that pile onto ...
Car completely destroyed in Larnaca arson
A car was completely destroyed in an arson attack in Aradippou, Larnaca, police said on Monday.
According to the Larnaca police spokesman Charis Hadjiyiasemi, at around 3am on Monday a ...
‘No comment’ on Anastasiades’ alleged link to shady passports
The head of the bar association on Monday declined to comment on reports that they have discovered prima facie evidence of wrongdoing by the former law firm of ex-president Nicos ...
‘I’ve never seen a car so fast,’ says Hamilton of Red Bull
Lewis Hamilton, winner of a record 103 Formula One grands prix and seven world championships, said on Sunday he had never seen a car as quick as Max Verstappen’s Red ...
Increased broadband through a voucher scheme
Cyprus on Monday notified the European Commission of a voucher scheme aimed at increasing the provision of broadband services through the existing infrastructure, ensuring wide availability of high-speed broadband services.
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Rupert Murdoch set to marry for fifth time at 92
Fox Corp Chairman Rupert Murdoch is engaged to former San Francisco police chaplain Ann Lesley Smith, his spokesperson confirmed on Monday, which will mark the fifth marriage for the 92-year-old ...
Advisory council for president
President Nicos Christodoulides on Monday assigned to a former supreme court judge the task of preparing a proposal on the operation of an advisory council which will recommend names for ...