money

Three to stand trial in Larnaca couple extortion case

by
Three to stand trial in Larnaca couple extortion case

Three individuals aged 32, 46, and 50 are facing charges of conspiracy to commit a felony, extortion, and demanding money under threat in the Larnaca District Court. Prosecutors claim they threatened and intimidated a couple, demanding €300,000 due to past financial dealings. The case has been adjourned until December 4, 2024. The 46-year-old and 32-year-old defendants were granted bail with conditions, while the 50-year-old defendant remains in custody for not meeting the bail requirements.

‘Lack of planning’ causing medicine shortages

by
‘Lack of planning’ causing medicine shortages

Patients are running out of specialized medications due to the state’s lack of planning. The Ministry of Health is scrambling to secure additional funds to cover the needs of patients for the next two weeks. An important medicine for kidney disease sufferers has been in short supply for a month.

Switzerland gifts Cyprus money for migrant return centre

by
Switzerland gifts Cyprus money for migrant return centre

The Swiss government gifted Cyprus CHF1.05 million (€1.1m) for the construction of a voluntary return center for migrants.

Trump, ’s lawyers assail estranged fixer Michael Cohen’s credibility at hush money trial

by
Trump, ’s lawyers assail estranged fixer Michael Cohen’s credibility at hush money trial

Fact: Michael Cohen, Donald Trump’s former fixer, testified that Trump ordered him to pay adult film star Stormy Daniels in 2016 to stay quiet about an alleged 2006 sexual encounter, and then approved a plan to reimburse Cohen through bogus invoices.

Detroit City Council OKs Detroit Medical Center tax exemptions through Renaissance Zone

by
Detroit City Council OKs Detroit Medical Center tax exemptions through Renaissance Zone

The Detroit City Council approved a 15-year extension of the Renaissance Zone Act, allowing the Detroit Medical Center to continue receiving tax exemptions.

Outside NYC, Brookhaven IDA rakes in highest fees in 2021

by
Outside NYC, Brookhaven IDA rakes in highest fees in 2021

The Brookhaven IDA brought in over million in revenue in 2021 from fees for corporate tax breaks, making it the highest revenue generator outside of New York City. The largest revenue boost came from tax abatements for NorthPoint Development and Winters Brothers’ rail terminal project. The IDA has faced criticism for prioritizing transaction fees over economic development, with concerns raised about the impact on schools and public services. The IDA is considering providing tax breaks for a diesel truck terminal in North Bellport, with concerns about the potential impact on school funding. The board has also imposed a moratorium on tax breaks for warehouse projects over 100,000 square feet due to concerns about oversupply and vacancy rates in the region.

Cyprus nears conclusions in probe of Russian sanctions violations

by
Cyprus nears conclusions in probe of Russian sanctions violations

Cypriot authorities are investigating possible breaches of EU sanctions on Russian billionaires related to the war in Ukraine. Investigators are looking into cases involving high-profile individuals like Alexei Mordashov, who reportedly transferred shares worth €1.4 billion to his wife after the sanctions were imposed. The Attorney General’s office met with investigators to review progress and issue instructions, with potential prosecutions looming. Sources indicate that evidence from foreign countries is being sought to support potential charges, with funds leaving Cyprus before the sanctions were implemented being a focus of the investigation.

European spot will make Chelsea, ’s season, Pochettino says

by
European spot will make Chelsea, ’s season, Pochettino says

Chelsea manager Mauricio Pochettino believes that finishing in a European qualifying spot would give the club hope of improving in the next campaign.

Monks testify over scandal-hit Osiou Avakoum

by
Monks testify over scandal-hit Osiou Avakoum

Monks Isiais and Timotheos from the Osiou Avakoum monastery testified before a church investigative committee for around two hours each.

Criminal gangs, profiteers thrive in Gaza as cash shortage worsens misery

by
Criminal gangs, profiteers thrive in Gaza as cash shortage worsens misery

A shortage of banknotes in Gaza is causing chaos, with only a few ATMs operational in the southern city of Rafah. Residents are facing long waits and sometimes paying fees to access cash, as armed gangs exploit the situation. The conflict has led to a lack of liquidity in the enclave, with hundreds of millions of shekels stuck in bank vaults. Essential goods remain scarce, and some merchants are profiteering from the shortage by charging high commissions. Gaza’s economy relies heavily on Israel, which has blocked cash imports since the start of the war.