No bailout for SVB, says Yellen

Treasury Secretary Janet Yellen said on Sunday that the U.S. federal government will not provide a bailout for Silicon Valley Bank’s investors after the bank was abruptly shuttered, but said financial regulators are “concerned”

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Property sales boosted by Russians

Annual property sales in Cyprus were boosted, with Russian buyers still at the top of the list, despite sanctions on Moscow following the war in Ukraine. Talking at the 5th Property Show,

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Stormy weather alert

The Met Office has issued a yellow warning for persistent rainy weather as a low-pressure system moves across the island. A warning for severe thunderstorms came into effect from 5 am on

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Cyprus-Saudi Arabia step up investments

Cyprus and Saudi Arabia have signed a Framework Cooperation Programme (FCP), boosting promotion investments between the two countries in areas of mutual concern. The FCP was signed on Saturday in Nicosia by