32 h. ago Lacklustre Ancelotti debut as Brazil held to goalless draw at Ecuador

Carlo Ancelotti got off to a disappointing start as Brazil coach in Thursday’s South American World Cup qualifiers, drawing 0-0 against runners-up Ecuador, putting the Italian manager under considerable pressure. Brazil were unable to break down Ecuador’s organised defence and had few chances in the first half, the clearest coming from a Vinicius Jr attempt […]

Politics

46 h. ago Trump, Musk feud explodes with threats of cutting contracts, backing impeachment

President Donald Trump threatened on Thursday to cut off government contracts with billionaire Elon Musk’s companies, while Musk suggested Trump should be impeached, turning their bromance into an all-out brawl on social media. The hostilities began when Trump criticized Tesla CEO Musk in the Oval Office. Within hours, the once-close relationship had disintegrated in full […]

Politics

69 h. ago Trump tax bill to leave 10.9 million more uninsured, says CBO

The nonpartisan Congressional Budget Office on Wednesday projected that President Donald Trump’s tax-cut bill, as passed by the U.S. House of Representatives, would increase the number of uninsured by 10.9 million in ten years. Another 5.1 million people would lose access to health insurance over that period under current law, the CBO said.

Economics

3 d. ago ‘It is not possible’: Cyprus powerless to claim Abramovich’s €14m tax bill

‘It is not possible’: Cyprus powerless to claim Abramovich’s €14m tax bill  TBIJ

Economics

3 d. ago Cyprus Innovation Awards 2025 approved for SME Week schedule

The Cyprus Innovation Awards 2025, organised by the Employers and Industrialists Federation (Oev), have been approved for inclusion in the official programme of the European SME Week. The European SME Week is a pan-European initiative led by the European Commission aimed at encouraging entrepreneurship and raising awareness about the vital role of small and medium-sized […]

Events

3 d. ago Cyprus property prices set to drop as supply rises, says president

Cyprus is expected to experience a decline in both rental and property purchase prices in the coming years, President Nikos Christodoulides announced this week. Speaking at a dinner hosted by the Cyprus Property Developers Association in Limassol, the president attributed the anticipated price drop to new housing developments that are set to balance supply and […]

Politics

3 d. ago Higher metals tariffs kick in as deadline for ‘best’ offers arrives

The US tariff rate on most imported steel and aluminum doubled on Wednesday as President Donald Trump ratchets up a global trade war on the same day he expects trading partners to deliver their “best offer” in bids to avoid punishing import tax rates on other goods from taking effect in early July. Late on […]

Events

3 d. ago UK mortgage approvals drop to lowest in over a year after tax break ends

The number of mortgages approved by British lenders for house purchase fell more than expected in April to their lowest in over a year as the market adjusted to higher purchase taxes. Earlier government data showed that British house purchases surged in March to take advantage of the final month of an exemption from stamp […]

Politics

4 d. ago Grok 3 AI predicts when ADA will break past $3 as new Crypto threatens Cardano

Grok 3 AI is forecasting a bold surge for Cardano (ADA), projecting a climb to $3 in 2025. Yet, a new altcoin, Mutuum Finance (MUTM), is capturing investor focus with its innovative DeFi lending model. Currently in phase 5 of its 11-phase presale, Mutuum Finance (MUTM) is priced at $0.03, having raised $9,800,000 and sold […]

Events

4 d. ago Government firm on January 2026 deadline for tax reform, says president

The government is committed to implementing tax reform on January 1, 2026, and “this is something that cannot be changed,” President Nikos Christodoulides said on Tuesday. The president convened a meeting to review the legislative progress and ensure the reforms are submitted to parliament in time for full implementation by the set date. The meeting […]

Politics

4 d. ago Over 200 prisoners break out of Pakistani jail after earthquake panic, says official

Over 200 prisoners escaped in the southern Pakistani city of Karachi late on Monday after they were permitted to leave their cells following a series of earthquake tremors, local officials and police said. Hundreds of prisoners were allowed into the courtyard of the jail due to the tremors, Zia-ul-Hasan Lanjar, the provincial law minister, told […]

Events

5 d. ago New law ushers in ‘new era’ for Cyprus investment funds sector

Cyprus has taken a significant step in strengthening its regulatory framework for investment funds, following the House of Representatives’ approval of the Investment Fund Administrators Law. The move is being hailed by the Cyprus Investment Funds Association (CIFA) as a milestone for the sector and a crucial pillar in enhancing investor protection, transparency and regulatory […]

Politics

7 d. ago UK’s car output drops in April, sees worst start to year since 2009

Britain’s vehicle output dropped sharply in April, marking the worst start to the year since 2009, due to weak export demand and the timing of Easter, industry data showed this week. The drop comes as European carmakers strive to cut costs amid stiff competition, US tariffs on auto imports, and a slowing global economy, with […]

Politics

7 d. ago Our View: Politicians let Blue Ocean slip away with €14 million

While everyone claims to want corruption eliminated, nothing is done even when it is staring them in the face. The case of Cyprus-registered Blue Ocean, the company that was managing Roman Abramovich’s fleet of super-yachts, is a stark example of how the politicians and state services allow the rich and powerful to break the law […]

Politics

8 d. ago Starmer warns Farage’s ‘fantasy’ fiscal plans would crash the economy

British Prime Minister Keir Starmer warned on Thursday that Nigel Farage would crash the economy if his Reform UK party ever won power, describing the tax and spending plans of his closest political rival as a “fantasy”. Starmer’s centre-left Labour Party has seen its support tumble after imposing tax hikes and spending cuts since sweeping […]

Events

8 d. ago Cyprus Business Now: properties, investors, financial literacy, unemployment

Cyprus recorded €43.8 million in high-value property transactions in April 2025, marking a 52.8 per cent drop compared to March, according to real estate analytics firm Ask Wire. Based on Land Registry data published this week, the ten most expensive transactions nationwide totalled €18.4m. The highest-value deal was the €3.3m sale of a plot in […]

Economics

8 d. ago Germany seeks to levy 10 per cent tax on online platforms like Google

Germany is considering a 10 per cent tax on large online platforms like Alphabet’s Google (GOOGL.O) and Meta’s Facebook (META.O), its new culture minister told magazine Stern, in a move likely to heighten trade tensions with the Trump administration. The proposal comes as Chancellor Friedrich Merz is expected to travel to Washington soon to meet […]

Politics

9 d. ago Cyprus sees €43.8 million in April property sales, led by €3.3 million Engomi plot

Cyprus recorded €43.8 million in high-value property transactions in April 2025, marking a 52.8 per cent drop compared to March, according to real estate analytics firm Ask Wire. Based on Land Registry data published this week, the ten most expensive transactions nationwide totalled €18.4m. The highest-value deal was the €3.3m sale of a plot in […]

Economics

9 d. ago New West Bank settlements risk further isolating Israel on world stage

Israel’s government has approved 22 new Jewish settlements in the occupied-West Bank, Finance Minister Bezalel Smotrich said on Thursday, a move that could deepen divisions with some allies, who have threatened sanctions over further expansion. Far-right Smotrich, an advocate for Israeli sovereignty over the West Bank, wrote on X that the new settlements would be […]

Politics

9 d. ago ECB study reveals uneven mortgage rate transmission across eurozone

ECB study reveals uneven mortgage rate transmission across eurozone  Philenews

Events