Police on high alert for racist violence

Cyprus police are on red alert over possible trouble from anti-migrant agitators despite the cancellation of a high-risk demonstration on Wednesday outside the Presidential Palace. According to police sources, the force is

Government says it’s good for business

President Nikos Christodoulides assured that his government supports the business community, providing tangible support to efforts for development and progress. He spoke on Tuesday evening during the inauguration of the new production

August unemployment falls 11.4%

The number of registered unemployed decreased in August, both on an annual and monthly basis, according to data released Tuesday by the Statistical Service. Based on seasonally adjusted data reflecting the unemployment

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First case of West Nile Virus detected

Health authorities have confirmed the first case of West Nile Virus this year on the island while reassuring the public that just a fraction of people infected develop serious symptoms. In a

Market caution returns on China woes

By Lukman Otunuga, Senior Market Analyst at FXTM Asian markets were painted red on Tuesday with Chinese stocks leading losses, as disappointing PMI services data fuelled concerns over the nation’s sluggish economic

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Cyprus economy doomed without migrant workers

Amid a rising wave of attacks and anti-migrant demonstrations, authorities and businesses warn that the economy would collapse should foreign labour be eliminated. In comments to news site Stockwatch, Labour Minister Yiannis

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RBA on hold, Chinese sluggish recovery

By Craig Erlam   The Australian dollar fell further Tuesday morning despite the RBA holding interest rates steady and warning that further tightening may be necessary. The central bank warned that while inflation

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Cyprus to bolster military strength

Defence Minister Michalis Giorgallas said the government will continue to boost its military strength and deterrent capability as long as Cyprus remains under Turkish occupation. He addressed a swearing-in ceremony of new