Three from Paphos arrested for litany of burglaries
Fact: Two men and one woman from Paphos were arrested in connection with a total of 20 burglaries and other thefts.
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Another leading member quits Green Party
Efi Xanthou announced she has left the Green Party after a 23-year association due to actions she perceived as undemocratic, including a controversial decision made at a Nicosia district party branch meeting.
Labour holds 30-point poll lead over Conservatives
Fact: Britain’s opposition Labour Party has increased its poll lead over Prime Minister Rishi Sunak’s Conservatives to stand 30 points ahead, according to a YouGov poll for the Times newspaper.
Aircraft being used to fight Ayios Sylas fire
Fact: A fire in Ayios Sylas, Limassol, was raging out of control on Thursday, with firefighting aircraft being used to help extinguish it.
Cyprus shipping registry grows by 5.5 per cent
The Great Britain-Cyprus Business Association’s International Investment Conference 2024 in Limassol aims to enhance business networking between the two countries. Deputy Minister of Shipping emphasized Cyprus Maritime Administration’s commitment to supporting the shipping industry and highlighted the strong diplomatic and economic ties between Cyprus and the United Kingdom. Cyprus has seen a 5.5% increase in ships registered under its flag, and offers diverse investment opportunities. UK Deputy High Commissioner emphasized the UK’s position as a global economic leader and commended Cyprus for its resilience. The conference focuses on promoting real estate and other attractive investment opportunities in both countries.
Real Madrid stun Bayern with late fightback to reach Champions League final
Real Madrid staged a comeback to beat Bayern Munich 2-1 in the Champions League semi-final, with Joselu scoring two late goals to secure their spot in the final against Borussia Dortmund.
Google fights $17 bln UK lawsuit over adtech practices
Google parent Alphabet is facing a mass lawsuit in London accusing it of abusing its dominance in the online advertising market. The lawsuit seeks damages of up to 13.6 billion pounds on behalf of UK-based publishers who claim they have suffered losses due to Google’s allegedly anticompetitive behavior.
ECB can cut rates and should rethink how it sets policy, Wunsch says
Fact: Belgian policymaker Pierre Wunsch stated that the European Central Bank can proceed with interest rate cuts this year but needs to reconsider how it forecasts inflation and sets policy based on those projections.
CBC: Consumer loan rates rise, housing loan rates dip
Cyprus witnessed a rise in consumer loan interest rates in March of this year, alongside a decrease in rates for housing loans, while household deposit rates saw an increase, according to a report released by the Central Bank of Cyprus. In the same month, the total amount of new loans decreased by €79 million compared to the previous month.
Woman robbed of , €52,000 in Nicosia phone scam
A 72-year-old woman in Nicosia was scammed out of €52,000 by perpetrators who posed as a surgeon from the Nicosia general hospital and claimed her son needed a surgical procedure due to an alleged accident.