Le Journal

Safe Bulkers, Inc., the Limassol-linked dry-bulk shipowner listed on the New York Stock Exchange and an international provider of marine dry bulk transportation services, has entered into an agreement for the acquisition of two newbuild, 82,500 dwt, dry-bulk, Chinese Kamsarmax class vessels. According to the company, the vessels are due to be delivered in the […]

The world order is changing but not enduring a rupture, finance leaders said on Friday, pushing back on Canadian Prime Minister Mark Carney’s narrative that a new order, driven by major power coercion, was taking shape. In his speech at Davos, Carney called on nations to accept that a rules-based global order was over and […]

Several areas of Nicosia have been left without electricity after 1pm on Friday following a failure in the transmission system, the electric authority (EAC) reported. The outage has affected residents in Ayios Dometios, Engomi and Strovolos, with reports also indicating problems in Lakatamia. The EAC estimates that power will be restored in Ayios Dometios by […]

The Cyprus Commission for the Protection of Competition announced on Friday that it had received a merger notification concerning the acquisition of a portfolio of non-performing loans from Alpha Bank Cyprus Limited. According to the announcement by the service of the Commission for the Protection of Competition, the buyer is Cerberus Capital Management L.P., acting […]

A bill to abolish the social support agency was submitted to the plenum on Thursday, bringing the future of the fund directly before parliament. Speaking to the Cyprus Mail on Friday, independent MP Alexandra Attalides said the move was driven out apparent intransience from the executive. “The president himself said he was considering abolishing it,” […]