S&P upgrades Bank of Cyprus, praises NPL reduction
Rating agency S&P Global Ratings this week announced that it has revised upwards its long-term issuer credit rating on the Bank of Cyprus (BoC) to ‘BB-‘ from ‘B+’, ...
Europe’s banks dim lights as they brace for winter blackout
Some of Europe’s biggest banks are preparing back-up generators and to dim the lights as they brace for potential power cuts and energy rationing that threaten the money system ...
Cyprus Business Now
Employment in Cyprus increased by 1.9 per cent in the second quarter of 2022, compared to the corresponding quarter of 2021, while actual working hours recorded a percentage increase of 5.2 per cent, according ...
Cabinet approves bill toughening dog ownership
Procedures to decrease the number of stray dogs will be included in the bill aiming to revise the national dogs law approved by cabinet on Wednesday, eight days after a ...
Our View: MPs have a nerve criticising government for VAT law
Is it collective superficiality or a general inability to think anything through that led the executive and legislature to implement a law that provided for a discount on VAT for ...
Elon Musk $258 billion Dogecoin lawsuit expands
The $258 billion racketeering lawsuit accusing Elon Musk of running a pyramid scheme to support the cryptocurrency Dogecoin has expanded, adding seven new investor plaintiffs and six new defendants including his ...
Apple unveils iPhone 14 with satellite SOS, Ultra Watch for outdoors
Apple Inc (AAPL.O) introduced new iPhone 14 models capable of using satellites to send emergency messages and an adventure-focused Ultra Watch for sports like diving and triathlons.
The outdoor-focused products ...
Apple’s new iPhones, watches are coming at a tough time for consumers
Apple Inc (AAPL.O) on Wednesday is expected to unveil a new range of iPhone 14 models and Apple Watches that will test how willing consumers are to upgrade gadgets in ...
Canada stabbing victims’ family reveals grim details as suspect remains at large (updated)
The 10 people killed in a weekend stabbing spree in Western Canada included a devoted mother who died in her front yard while six youths were at home, a relative said ...
Shelling damages Zaporizhzhia nuclear plant’s backup power line -IAEA (updated)
Shelling on Tuesday damaged a backup power line at the Russian-held Zaporizhzhia nuclear power plant (ZNPP) in Ukraine, which has already lost all four of its regular power lines, the ...
Cyprus pride march returns after two year pandemic pause
Accept LGBTI Cyprus annual pride parade returns in Nicosia after two years of pandemic pause to raise awareness for marriage equality.
Following the renewal of the NGO’s board and ...
Aradippou forest fire partially controlled
A forest fire that broke out on Wednesday afternoon in Aradippou community was partially controlled by later the same night.
Forest department officers and firefighters will be on site to ...
Ukraine’s top general warns of Russian nuclear strike risk (updated)
In rare public comments Ukraine’s military chief warned on Wednesday of the threat of Russia using nuclear weapons in Ukraine, which would create the risk of a “limited” nuclear ...
UK’s Liz Truss appoints hardline Brexit supporter to N. Ireland Office
Britain’s new Prime Minister Liz Truss on Wednesday appointed strongly pro-Brexit lawmaker Steve Baker to a junior ministerial role in the Northern Ireland Office, an appointment criticised as sending ...
After reporter is killed, Las Vegas police search county official’s home
Las Vegas police looking into the killing of an investigative reporter on Wednesday searched the home of a county official who had been the subject of unflattering news articles by ...
UK’s Queen Elizabeth postpones meeting, told to rest by doctors
Britain’s Queen Elizabeth was forced to cancel a planned virtual meeting with ministers on Wednesday after being advised to rest by her doctors, a day after the 96-year-old monarch ...
Road safety slogans to be included in alcohol and vehicle ads
Alcohol and vehicle advertisements will be required to include road safety messages according to a proposal approved by cabinet on Wednesday.
The proposal made by Transport Minister Yiannis Karousos amends ...
Students forced to rent accommodation in north
High rents in the government-controlled areas force students to decline their university admissions or rent cheap accommodation in the north, MPs heard during the House education committee on Wednesday.
In ...
MPs to examine who benefits from Turkish Cypriot properties
A list with the names of people from the Turkish Cypriot property management service at the interior ministry and from advisory committees that own said properties is to be submitted ...
Shark attack in the Bahamas kills American woman
A 58-year-old Pennsylvania woman died in a shark attack in the Bahamas on Tuesday, police said.
The woman and her family, who were passengers on Royal Caribbean’s Harmony of ...
Putin casts doubt over Ukraine grain deal and gas for Europe
President Vladimir Putin mooted on Wednesday reopening a U.N.-brokered deal for Ukrainian grain exports via the Black Sea and threatened to halt all energy supplies to Europe if ...
The sound of Armenia
The Armenian production Songs of Exile is coming up as part of the Kypria International Festival with performances in Nicosia and Larnaca this week. The seven-piece Naghash Ensemble will come ...
RBS gives north September deadline for return of Jasmine Court
The Royal Bank of Scotland (Natwest UK) has given the Turkish Cypriot ‘finance ministry’ until September 15 to return its property in Kyrenia which includes the well-known Jasmine Court Hotel, media ...
PEO: minimum wage set too low, some sectors not covered
The government lacks the political will to guarantee basic rights for workers, labour union PEO said on Wednesday, commenting on a decision to implement a lower minimum wage than the ...