Mustafa Akinci, who won a run-off for the Turkish Cypriot leadership, is a veteran politician seen as best placed to revive peace talks with the Republic of Cyprus.
Bank of Cyprus, the island's largest lender, has completed a one billion euro ($1.34 billion) capital increase in a private placement to help it restructure following a haircut on deposits last year.
With a nighttime procession lit by the glimmer of devotional candles and the flash of smartphone cameras, a church in Turkish-held northern Cyprus hosted its first Easter mass in nearly 60 years.
Rakuten, Japan's largest online shopping mall operator, said Friday it would buy Cyprus-based application maker Viber Media for $900 million, as its expands an overseas empire that includes Canadian e-reader company Kobo.
Greek- and Turkish-Cypriot leaders meet Tuesday to relaunch talks on ending the island's division after a nearly two-year break, with optimism that the energy card could provide a breakthrough.