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Labour won’t turn on spending taps if it wins UK election, Starmer says
A Labour government would not “turn on the spending taps” but will focus obsessively on growth because British Prime Minister Rishi Sunak’s Conservatives have wrecked...
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Cyprus and Chevron Reach a Deal to Develop an Offshore Natural Gas Field, Ending Years of Delays
NICOSIA — The Cyprus government and U.S. energy company Chevron have reached a deal on how to develop the Aphrodite gas field, the first to be discovered under the...
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Greek Cypriot in north with cocaine in underwear jailed pending trial
The Greek Cypriot arrested in the north after police found 10 grammes of cocaine in his underwear was sent to prison pending trial for a period not exceeding two months....
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Eurostat: Cyprus household consumption spending rose 11.8% in 2022
Household final consumption expenditure in Cyprus increased by 11.8% in 2022 compared with the year before, Eurostat. In 2020, this indicator had fallen in Cyprus...
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Cyprus' robust 11.8% surge in household spending defies EU norms
In 2022, Cyprus experienced a notable 11.8% increase in household final consumption expenditure compared to the previous year, surpassing the EU's overall growth of...
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EU poised to propose extending energy crisis measures
The European Commission wants to extend emergency energy measures passed last year to cope with Europe’s gas crisis to guard against future price shocks and quickly...
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Australia to boost spending to back new renewable energy projects
Australia will step up spending to underwrite new wind, solar and battery projects, Energy Minister Chris Bowen said on Thursday, looking to lure investments to...
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Digital tracker for offending motorists
Cyprus police are preparing a digital application-linked data platform containing the details of drivers caught breaking traffic rules by speed cameras to track down...
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Cyprus confident of ending Chevron row
Nicosia is confident that a dispute with US energy giant Chevron over the commercial exploitation of Aphrodite’s untapped natural gas could still end with an agreement...
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Hellenic Bank posts nine-month profit of €240.7 million — new lending hits €900 million
Hellenic Bank on Tuesday announced robust financial results for the first nine months of 2023, posting an after-tax profit of €240.7 million, primarily attributed to...
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Germany considers suspending debt brake as coalition cracks show
German Economy Minister Robert Habeck on Monday criticised sticking to what he called the country’s “inflexible” debt brake and took a swipe at Finance...
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Cyprus to hike its military spending
Cyprus is committed to increase defence spending to 2 per cent of GDP in the next five years, MPs were told on Friday. Presenting the defence ministry’s 2024 budget to...
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Spain’s Sanchez secures another term, ending four-month deadlock
Spain’s lower house of parliament on Thursday voted to make Pedro Sanchez prime minister for another term, ending a protracted deadlock after an inconclusive general...
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Percentage of children with migratory background attending public schools in Cyprus clarified
False figures sent to the ad hoc parliamentary committee on migration focusing on the percentage of children with a migratory background attending public schools in...
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Britain mulling sending Gaza aid via Cyprus
Britain is considering using “air and maritime options” from its bases in Cyprus to get more aid into Gaza, it was reported on Tuesday. According to reports in the UK...
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EBay forecasts fourth-quarter results below estimates on weak consumer spending
Ebay (EBAY.O) forecast fourth-quarter revenue and profit below Wall Street estimates on Tuesday and joined other e-commerce platforms in sounding the alarm on...
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Akel joins criticism of ‘condescending’ Radiomarathon
Akel on Thursday backed the criticisms of people with disabilities over the annual Radiomarathon fund-raising foundation for being condescending towards them. The...
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US House Republican spending plan hits new snag as shutdown looms
Republicans who control the U.S. House of Representatives had to delay another fiscal 2024 government funding bill on Thursday, as their slim majority struggled to...
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Household deposit and lending rates up in September
Household deposit and lending rates in Cyprus increased in September, according to the Central Bank of Cyprus. Interest rates on deposits from households with...
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Statements by the President of the Republic on sending humanitarian aid to Gaza
The President of the Republic, Mr Nikos Christodoulides, replied to Press questions yesterday regarding the proposal of the Republic of Cyprus for the creation of a sea...
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Woman arrested for scamming people by pretending to be Nicosia hospital chief
A 54-year-old woman was arrested after she was reported to have scammed a lady for almost €20,000 by claiming she was the Nicosia general hospital chief, police said on...
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Israel wages ground campaign in Gaza, comms blackout slowly ending
Israeli forces waged ground operations against Hamas in Gaza on Sunday in what Israeli Prime Minister Benjamin Netanyahu called the second phase of a three-week-old war...
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Tightened lending criteria and reduced loan demand in Q2 2023
During the second quarter of 2023, lending criteria for both businesses and households in Cyprus remained stringent, with banks exercising caution. Loan demand declined...
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Cypriot banks stick to tight lending criteria — loan demand suppressed
Lending criteria for both businesses and households in Cyprus remained tight during the second quarter of 2023, reflecting the cautious approach adopted by Cypriot banks,...
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CBC: Stricter lending criteria and lower loan demand in Q2
During the second quarter of 2023, the lending criteria for businesses and households remained strict, at similar levels observed in the previous quarter, indicating...