All eyes on U.S. CPI

By Craig Erlam Stock markets are tentatively higher in Asia Tuesday, while Europe and the US are poised for a similarly modest start to trade in what is the start of a

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Cyprus banking system posted Q3 losses

The Cyprus banking system reported after-tax losses of €36 million on a consolidated basis in the first nine months, from a profit of €22.54 million in the same period last year due

Lights go out before Christmas

Open-ended scheduled power cuts will begin Wednesday following a Transmission System Operator (TSO) decision to safeguard the stability of the Cyprus grid during strike action. In comments to state radio CyBC, TSO

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Cyprus goes on Strep A alert

Due to recent child deaths in the UK and Europe from Streptococcus type A infections, health authorities have decided to arm paediatricians with strep tests. The Health Ministry, following a meeting with

A steady start

By Craig Erlam Stock markets were off to a cautious start on Monday in what is expected to be a massive week in financial markets and the final all-action one of the

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Sharp rise in Paphos rental prices

 Across Cyprus, quarterly, sale values increased by 3.9% for apartments, 1.1% for houses, 0.6% for offices, and decreased by 0.3% for retail and 1.5% for warehouses, according to the Q3 Ask WiRE

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Scary Nicosia rents

These are scary times for families living in rented accommodation in the capital, as rents for a two-bedroom flat average more than the national minimum wage. Renting a two-bedroom flat of 80

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More rain on the horizon

A low-pressure weather system is closing in on Cyprus from the Aegean, bringing more rain as thunderstorms are expected across the island on Tuesday night and Wednesday morning. According to a report

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46% of businesses suffer cyberattacks

Nearly half of Cyprus businesses have experienced some kind of cyberattack in the past 12 months, according to surveys on cyber security. The surveys showed that 46% of businesses were attacked or suffered

Housing booms are over as prices fall

Housing booms across many advanced economies are coming to a halt due to rising mortgage rates and weak economic growth prospects, according to Moody’s analysis. “Slowing home sales and a moderation of

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