The Central Bank of Cyprus announced it has appointed audit firm KPMG London to carry out an independent evaluation of the assets of the Bank of Cyprus and the Cyprus Popular Bank, CBC announced on Friday. "The CBC acting as Resolution Authority has appointed KPMG London to carry out an independent evaluation of the assets

Cypriot courts have issued an international injunction that aims to temporarily freeze assets of three former executives of the island's second largest bank that has been forced into bankruptcy as part of the Eurogroup-orchestrated bailout deal.  The central bank of Cyprus said the administrator it appointed for Laiki Popular Bank secured an interim court order

Hezbollah guerrillas fought a deadly battle with Syrian rebels in Lebanon's eastern border region early on Sunday in the latest eruption of Syria's conflict on Lebanese soil. Lebanese security sources said at least 12 rebels were killed in the fighting east of the Bekaa Valley town of Baalbek, but the toll would not be clear

Torrential rain caused widespread flooding and landslides across Austria on Sunday, forcing hundreds of people to evacuate their homes. At least one person died and two were missing in the deluge, which in some places has dumped up to two months' worth of rain in just days. One clean-up worker was killed in a mudslide

Czech soldiers erected metal barriers and piled up sandbags on Sunday to protect Prague's historic center from flooding after days of heavy rains swelled rivers and forced evacuations from some low-laying areas. Prague authorities also limited public transport and closed underground stations as water from the Vltava River overflowed into parts of the Old Town.

Cyprus has rescinded citizenship briefly bestowed upon a Syrian billionaire suspected by the European Union of helping to bankroll President Bashar al-Assad's government. Rami Makhlouf, who is a maternal cousin of Assad, is widely considered part of the Syrian president's inner circle and one of the most influential men in Syria. Cyprus granted him citizenship

Tens of thousands of people took to the streets in Turkey's four biggest cities on Sunday and clashed with riot police firing tear gas in the third day of the fiercest anti-government protests in years. Prime Minister Tayyip Erdogan blamed the main secular opposition party for inciting the crowds, whom he called "a few looters",

IWIB: meet, greet, get motivated The first meeting of International Women In Business to “Meet, Greet & Get Motivated” will be held at the Cleopatra Hotel, Nicosia on Sunday, June 2, from 10 a.m. to 12 noon. This will be a networking opportunity for local and international women in business to listen to the success