Operations of illegal casino suspended
Ten illegal gambling establishments were identified and shut down by police officers in Paphos since the beginning of the year.
According to a statement released by Paphos police spokesperson Michalis ...
Why is bitcoin falling recently?
Introduction
Due to intense turmoil in the crypto space, the BTC (Bitcoin) is already falling precipitously recently. BTC is trading about 20,000 dollars as of this publishing, down 32percentage points from ...
Heavy fighting near Donetsk as Russia presses offensive in eastern Ukraine
Heavy fighting raged around the eastern Ukrainian town of Pisky on Thursday as Russia pressed its campaign to seize all of the industrialised Donbas region, while to the west Kyiv ...
Wage indexation ‘relatively limited in eurozone’ says ECB
The automatic price indexation of public wages is relatively limited in the euro area, while public pensions are primarily automatically indexed, either fully or partially, to prices and wages, according ...
SoftBank to gain $34 billion from cutting Alibaba stake
SoftBank Group Corp (9984.T) said on Wednesday it would book a gain of $34.1 billion by cutting its stake in Alibaba Group Holding (9988.HK), as the investment behemoth looks to shore ...
Malaysia Airlines to acquire 20 Airbus A330neos
Malaysia Airlines is poised to announce a deal next Monday to acquire 20 Airbus (AIR.PA) A330neo wide-body jets, industry sources said on Wednesday.
Chief Executive Izham Ismail said in ...
Cyprus Business Now
The market capitalisation of all the shares traded during the month of July on the Cyprus Stock Exchange reached €1.9 billion, according to a statement released by the CSE this week.
...
Court goes easy on corrupt official
Suspended sentence for public employee found guilty in bribery case
A former ministry of interior engineer has avoided jail for the second time after the Supreme Court on Wednesday imposed ...
Our View: Had there been proper check of Savannah cat by authorities?
The furore involving a Savannah cat named Berton this week has again highlighted the long-standing issue of the importation of exotic animals into Cyprus and the possible consequences, in this ...
Australia’s central bank launches digital currency project
Australia’s central bank on Tuesday said it was launching a one-year research programme into the case for a central bank digital currency (CBDC) in Australia, focusing on what potential ...
Crypto exchange Nuri files for insolvency in Germany
The crypto exchange Nuri GmbH has filed for insolvency with a Berlin court, the company said in a statement on Tuesday, the latest in a string of failures to hit ...
Real beat Eintracht 2-0 for record-equalling fifth UEFA Super Cup win
Champions League winners Real Madrid outclassed Eintracht Frankfurt 2-0 on Wednesday to clinch the UEFA Super Cup for a record-equalling fifth time and kick off their season with a trophy.
...
Britain’s leadership rivals, Truss and Sunak pledge support for Cyprus
The two rivals in Britain’s leadership race to replace Boris Johnson, foreign secretary Liz Truss and former finance minister Rishi Sunak have both pledged support for Cyprus in separate ...
Ukraine’s creditors agree 2-year freeze on $20 bn overseas debt
Ukraine’s overseas creditors have backed its request for a two-year freeze on payments on almost $20 billion in international bonds, a regulatory filing showed on Wednesday, a move that will ...
Six million British households owe record amount to energy providers
British consumer energy debt is already at an all-time high, a survey showed on Wednesday, with six million households owing cash to providers even before bills leap in October and ...
Pelosi: U.S. cannot allow China’s ‘new normal’ over Taiwan
House of Representatives Speaker Nancy Pelosi said on Wednesday the United States could not allow China to normalize the new level of pressure on Taiwan it asserted with days of ...
AG says animal abuse must be investigated immediately, protest planned for Thursday
Allegations of animal abuse must be investigated immediately, Attorney-general (AG) Giorgos Savvides said on Wednesday night in a tweet regarding the death of Berton the Savannah cat.
“Respect and care ...
European retailers turn off lights, cut opening hours to save energy
As energy bills mount and the threat of rationing increases, some European retailers are turning off lights and considering shorter opening hours this winter.
Energy bosses and government officials have ...
Kosovo PM says tensions with Serbs in north could escalate, warns of possible new conflict
Kosovo is prepared to stand against a possible attack by Serbia as worsening strife with minority Serbs could result in a new armed conflict, Prime Minister Albin Kurti told Reuters ...
Turkey prepared for 1974 Cyprus ‘peacekeeping operation’ for ten years, official says
Turkey had to wait until 1974 to invade Cyprus because it did not have enough equipment and ships but had wanted to invade the island for ten years, the Speaker of ...
Man tried to leave on Cyprus-Greece ferry with fake travel documents
Limassol police on Wednesday arrested a 42-year-old man after he allegedly tried to travel to Greece on the new ferry using forged travel documents.
According to police, the man arrived ...
Deputy AG rejects claims of cover-up in spyware case
Deputy Attorney-general Savvas Angelides on Wednesday denied accusations of an alleged cover-up in the 2019 ‘black van’ spyware scandal which returned to the news after the spyware affair in Greece.
The ...
Most 2021 residence permits given to Russians
Cyprus issued a total of 22,190 new residence permits in 2021, the largest number of which went to Russians, according to Eurostat figures released on Wednesday.
Some 3,432 of the permits went to ...
More customers spending less in restaurants
Paphos restaurants took the top spot for customer traffic in 2022, as the island’s restaurants saw an increase of customers of between 10 and 15 per cent compared to 2021, but warned that ...