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News From Cyprus

Cyprus installs new President of the Republic

Νikos Anastasiades was officially installed this afternoon as the 7th President of the Republic of Cyprus in a ceremony at the House of Representatives.

News From Canada


Canada’s Banks Awash in Profits

Canada’s biggest banks have produced a blockbuster first quarter, as higher profits from a variety of sources help to erase investor concerns about slowing growth in consumer lending.

Amid fears of sluggish growth in the core retail banking businesses of the major lenders, a deluge of earnings reports Thursday showed instead what that slowdown actually looks like: a $2-billion quarterly profit at one bank, a record quarter at another, and dividend increases almost across the board.

The CCBA operates under the auspices of the Cyprus Chamber of Industry and Commerce.