Breaking news

Troika due
Victims' boss is held
Tax bill blocked
Shrinking workforce
Dress rehearsal

Bank May deposits down

Nicosia – The flow of deposits in the domestic banking system recorded a drop in May on an annual basis, but increased slightly compared to April data, statistics released on Friday by Central...

Mission Impossible

LOS ANGELES - Actress Katie Holmes has filed for divorce from her superstar husband Tom Cruise, ending a six-year marriage that produced one daughter and captivated celebrity watchers...

US diplomat to visit

Washington - US Assistant Secretary on European and Eurasian Affairs Philip Gordon will pay a visit to Cyprus on July 12 and 13.
Diplomatic sources say Gordon’s discussions with Cyprus...

Piracy talks

LIMASSOL – EU state aid guidelines for maritime transport, piracy and the reduction of green house gas emissions were the focus of discussions during the Annual General Assembly of European Community...

Funds for banks only

Brussels - President Demetris Christofias expressed Friday the view that Cyprus would rather need financial assistance to recapitalize its banks than for its economy.

...

Money going into local banks dipped on a yearly basis
Tom and Katie get divorced
Philip Gordon on his way in July
European Shipowners General Assembly hosted in Limassol
Christofias says Cyprus does not need full bailout

Local news

30 June 2012 10:41

Troika due

NICOSIA European experts will arrive in Cyprus next week to go through the island’s finances as it assesses the extent of the bailout needed to save a struggling economy.
From Monday...

30 June 2012 10:33

Victims' boss is held

AYIA NAPA - A 47-year-old Famagusta businessman, who employed four of the five men murdered on the weekend in a bloody shooting in Ayia Napa, was yesterday arrested on suspicion of...

29 June 2012 22:21

Tax bill blocked

Government efforts to slash the budget deficit took a wrong turn yesterday as opposition MPs refused to discuss a bill that would increase taxes on alcohol and cigarettes.
This leaves...

Sports news

30 June 2012 10:48

Bolt is beaten

KINGSTON — "The Beast" turned out to be quite an animal.

Not even Usain Bolt can argue with that.

The World's Fastest Man wasn't the fastest man in Jamaica on...

29 June 2012 09:43

Italy set up Spain final

WARSAW - A touch of star quality from Mario Balotelli plus a familiar mixture of experience and canny defending saw Italy quash a young Germany side 2-1 on Thursday and book a place in the Euro 2012...

29 June 2012 22:14

Marcos to face Murray

LONDON - Marcos Baghdatis will face Andy Murray in the third round of Wimbledon after Grigor Dimitrov retired midway through their match.
Baghdatis claimed the opening set in what was shaping...

Economy

30 June 2012 10:13

Corporate tax pledge

NICOSIA - Cyprus said yesterday its low corporate tax rate was not up for discussion with European officials when thrashing out terms of a bailout to prop up the Greek exposed banking...

28 June 2012 20:25

News Corp plans split

NEW YORK — Calling it the next logical step in a near six-decade evolution, Rupert Murdoch's News Corp. said Thursday that it plans to split into two separate publically traded companies.

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29 June 2012 10:18

Banks downgraded

NICOSIA - The Fitch ratings agency has downgraded the island’s top three banks – Bank of Cyprus, Popular and Hellenic – to BB from BBB+.
The agency said in an announcement: “Fitch...