Cyprus Financial News

03.09 / 16:20

Software WhatsApp Trade show country Department International FDI inflows jump 47.8% to USD 16.17 bn in Apr-June 2024

Foreign direct investment in India jumped 47.8 per cent to USD 16.17 billion in April-June this fiscal on healthy inflows in services, computer, telecom and pharma sectors, according to government data. FDI inflows were at USD 10.94 billion in April-June 2023-24. The data showed that overseas inflows in May rose to USD 5.85 billion and in June to USD 5.41 billion from USD 2.67 billion and USD 3.16 billion, respectively, in the year-ago period. In April, FDI inflows were down marginally at USD 4.91 billion against USD 5.1 billion in April 2023.

22.08 / 02:39

Target Waters Trade War reports travelers Greek oil tanker drifting and ablaze after repeated attacks in the Red Sea, British military says

A Greek-flagged oil tanker traveling through the Red Sea has come under repeated attack, leaving the vessel “not under command” and drifting ablaze in an assault suspected to have been carried out by Yemen’s Houthi rebels

14.08 / 09:33

Food wellness show country social Courts Interviews Riots in the UK make a case for social media supervision

The UK’s image as a multicultural country is the obvious loser from the far-right violence of the past fortnight, but in time these tragic events may have wider implications for the policing of social media everywhere. The role of X in disseminating often-false information and lionizing rabble-rousers, as well as X owner Elon Musk’s provocative tweets and irresponsible retweets, are all under the microscope.

25.07 / 17:33

COST UPS show isolate Future of undersea electricity cable linking Greece, Cyprus and Israel will be decided next month

Cyprus' energy minister says the future of an electricity cable linking the power grids of Greece, Cyprus and Israel will be settled next month

19.07 / 13:26

markets Cooper Remark Anti-money laundering Courts International Bitzlato Founder Spared Further Jail Time After Guilty Plea for $700M in Illicit Transactions

Anatoly Legkodymov, the Russian founder of Hong Kong-registered crypto exchange Bitzlato, has been spared further jail time after his exchange processed over $700 million in illicit proceeds from the Russian dark web.

18.07 / 13:31

COST UPS Southern Bill President 2020 Chinese-led consortium pulls out of contract to build Cyprus' first natural gas import terminal

A Chinese-led consortium has pulled out of its contract with Cyprus to build the island nation’s first natural gas import terminal over what it says was the Cypriot government’s failure to pay what it owed for work completed this year

18.07 / 01:28

Cooper security Sustainability wellness President performer US declares end to troubled Gaza aid pier mission

US military's problem-plagued mission to bring desperately needed aid into Gaza via a temporary pier has ended, with deliveries shifting to an Israeli port, a senior American officer said Wednesday. US President Joe Biden has expressed disappointment in the performance of the pier, which has repeatedly broken free of the shore because of bad weather since its initial installation in mid-May, limiting the time it has been operational. «The maritime surge mission involving the pier is complete, so there's no more need to use the pier,» Vice Admiral Brad Cooper told journalists. «It's now transitioning… to a port in Ashdod, Israel,» which «offers a more sustainable path.»

14.07 / 18:46

COST Citizens WhatsApp country information Features Looking to switch citizenship? Try Vanuatu. It's fast & cheap

Vanuatu on the map. He had never been there; probably, he never would. Until the other day, he had not heard about the country. Vanuatu sounded like a mystery land in a ‘guess the country’ game. Nonetheless, he and his wife are citizens of Vanuatu — an island nation in the South Pacific that few Indians knew two years ago. Today, many do. Vanuatu has emerged as the quickest and cheapest avenue to switch citizenship, grab a new passport. Competing with Cyprus and Malta — which are more expensive and time-consuming options — Vanuatu is among the very few countries where one can become a citizen without ever visiting it. FIRST SPEND A YEAR IN UAE

12.07 / 13:05

UPS Citi Aviat security electronic information Kansas businessman pleads guilty in case over illegal export of aviation technology to Russia

A Kansas business executive has pleaded guilty to illegally exporting sensitive American aviation to Russian companies in violation of U.S. sanctions

26.06 / 16:07

UPS security Food War reports medicines Gunfire, lawlessness and gang-like looters are preventing aid distribution in Gaza, an official says

A U.S. aid official says thousands of tons of food, medicines and other aid piled up on a Gaza beach isn’t reaching those in need because of a dire security situation on the groun

17.06 / 11:37

markets UPS economy President country International Cyprus says no let-up to fiscal discipline course as S&P raises country's credit rating to BBB+

Cyprus says it won’t let up on a course of strict fiscal discipline while supporting economically vulnerable groups and the middle class after credit ratings agency Standard & Poors upgraded the country’s rating to BBB+ from BBB

14.06 / 19:21

BLOCK Fighting security President War hospital The Latest | US-built aid pier will be removed from Gaza coast again due to weather, officials say

US-built aid pier will be removed from Gaza coast again due to weather, officials say WASHINGTON — The U.S.-built aid pier will be detached from Gaza’s coast for a second time due to rough seas, two U.S. officials said Friday, raising further questions about the viability of the sea route. The military is detaching the causeway and moving it late Friday and into Saturday to prevent it from breaking apart again, as it did late last month when it was hit by bad weather, the officials said, speaking on condition of anonymity to discuss military planning.

10.06 / 15:39

UPS economy Fitch country shock Fitch raises Cyprus' credit rating by a notch to BBB+ thanks to resilient economy, fiscal discipline

The Fitch agency says it has raised Cyprus’ credit rating by a notch to BBB+

05.06 / 21:22

UPS Platform Election Research Experts social AI could supercharge disinformation and disrupt EU elections, experts warn

Voters in the European Union are set to elect lawmakers starting Thursday for the bloc’s parliament, in a major democratic exercise that’s also likely to be overshadowed by online disinformation

31.05 / 10:39

Target Airlines hospital reports Schools Colleges Investigations Srinagar airport receives bomb 'threatening call’ targeting Vistara flight from Delhi

Also Read: Bomb threats in India: Alarming rise in May 2024; all you need to knowHowever, the threat turned out to be a hoax. All the passengers were safely de-boarded after the plane landed.An airport official confirmed on the phone that the threat was deemed non-credible and normal operations resumed, reported ANI, quoting Srinagar Airport Authorities.After an exhaustive search, no explosives were found on the plane, PTI quoted officials as saying.Also Read: Hyderabad's Praja Bhavan receives bomb threatHowever, the source of the threat is yet to be known.

29.05 / 20:13

UPS Citi Progressive Southern President War Qatar's ruler looking to invest in energy, ports and high-tech in Cyprus, official says

The emir of Qatar is looking to invest in energy and high-tech in Cyprus — projects seen as having a strong economic potential

08.05 / 12:01

Six Arrested in Connection with Austrian Crypto Fraud Scheme, €2M Worth of Assets Frozen

A joint operation involving national authorities from Austria, Cyprus, and the Czech Republic has led to the arrest of six individuals connected to an online scam related to the sale of rights or tokens for a supposed new cryptocurrency.

03.05 / 02:01

markets UPS Target Chevron Southern President Cyprus gives Chevron another 6 months to come up with a timetable on a natural gas field development

Cyprus has given Chevron another six months to come up with a revised plan to develop a sizeable natural gas deposit off the island nation’s southern coastline after an earlier plan was deemed lacking in a specific timetable

03.05 / 02:01

security Sustainability Refugees President country International boating EU announces 1 billion euros in aid for Lebanon amid a surge in irregular migration

The European Union has announced an aid package for Lebanon of 1 billion euros — about $1.06 billion — that will mostly go to strengthening border control to halt the flow of asylum seekers and migrants from the small, crisis-wracked country across the...

25.04 / 13:41

Provident Southern Trade War Freedom show EU military officer says a frigate has destroyed a drone launched from Yemen's Houthi-held areas

A top European Union top military officer says a frigate that’s part of an EU mission in the Red Sea to protect merchant shipping has destroyed a drone launched from an area in Yemen controlled by Houthi rebels

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