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” about the impact to depositors and working to address their needs. “During the financial crisis, there were investors and owners of systemic large
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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, the Land Registry director, Elikkos Elia, said that despite problems created by the war, Russian buyers have a strong interest in Cyprus property.
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With all eyes on the Duke and Duchess of Sussex following their recent invite to King Charles’s coronation, a new study shows that millions of Brits will snub the live ceremony if the couple are among the guests. The study, by streaming service WatchTVAbroad.com, reveals that a fifth (21%) will be less likely to watch the events
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Electronics and home supplies retailer Stephanis is opening a flagship store in Nicosia within the next few months, the biggest of its kind in the capital. At 2,200 sqm, the new store in Engomi, along the busy Griva Dighenis avenue, will be the company’s seventh outlet offering ample and free parking, in addition to its
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British High Commissioner, Irfan Siddiq, visited Nicosia-based NGO Voice for Autism to see first-hand the brilliant work carried out in support of young people in the community. The High Commissioner visited two group homes in Nicosia, where Voice for Autism offers independent and supported living to members of the community. Siddiq was accompanied on his
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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 Monday until 7 pm. Yellow warnings are issued for conditions that do not pose an immediate threat to the general population but only
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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 Minister of Finance Makis Keravnos and the Saudi Minister of Investment Khalid Al Falih during his official visit to Cyprus. “This programme is
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Police confirmed they are treating the case of a 28-year-old Ukrainian woman found dead at the bottom of a cliff near popular tourist attraction Aphrodite’s Rock in Paphos as murder. The victim was identified as Lesia Bykova, a Ukrainian national who is a permanent resident of Paphos. Her 30-year-old partner, also from Ukraine, was taken
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There is only a small risk of fallout in Europe from the collapse of the US Silicon Valley Bank (SVB), but the problem should be monitored closely, said Stavros Zenios, a University of Cyprus finance professor. He told CNA the contagion risks stem from the channel of venture capital and start-up firms which held their
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International Women’s Day in Cyprus is championed with such fervour as if there is collective guilt about all the things we are not putting right. Everyone in the political arena wheeled out statements about progress in gender equality and eradicating bigotry. Even the perpetrators of an unequal society joined the clarion call. Declaring your allegiance
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