PMI shocker from China, Fed hikes rates

By Jeffrey Halley  The extent of the impact of China’s Covid zero-policy on the domestic economy was highlighted Thursday morning as the Caixin Services PMI for April recorded its second-largest fall on

/

Cyprus Equity Fund milestone for innovation

An agreement with the European Investment Fund to manage a new financial instrument to support startups and innovation is seen as a milestone in the government’s effort to enhance alternative financing. Finance

EU unveils toughest Russia sanctions

A ban on Russian oil is included in the sixth EU package of tougher sanctions against Russia unveiled on Wednesday by European Commission President Ursula von der Leyen. “This will be a complete import ban

Luxembourg PM to pay official visit

Prime Minister of Luxembourg Xavier Bettel is paying Cyprus an official visit on Thursday with Ukraine, energy security and the migration crisis on the agenda of the talks. The head of the

/

Government wants answers on football violence

President Nicos Anastasiades wants to see the police report on the incident of football hooliganism, during which 20-year-old bystander Evripides Frangou was left with burns covering 45% of his body. Several days

Developers crushed under soaring costs

The construction industry is suffering as the price hike of raw materials continues, with developers crushed under higher costs as they are deprived of Russian money. Developers say some private projects in