Former Cyprus problem chief negotiator Andreas Mavroyiannis launched his campaign to become president, calling on Cypriots to back his independent candidacy, promising a progressive change in power. Mavroyiannis’ announcement is no surprise, as he had received the backing of left-wing AKEL, the country’s main opposition party. AKEL members delivered a 90% approval of Mavroyiannis’ candidacy
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Despite Cyprus legalising the cultivation, import, export, and use of medicinal cannabis in February 2019, patients still can’t get access to it. The Cyprus Patients Federation (OSAK) said people are suffering because of the delay created as authorities have spent the last three years pondering how to implement the legislation. OSAK said the delays in
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Port operator DP World Limassol aims to re-establish Cyprus as the leading cruise hub in the Eastern Mediterranean, a role the island enjoyed historically. At the 2nd Limassol Business and Investment Summit, DP World Limassol CEO Nawaf Abdulla outlined the city’s advantages and prospects, especially the shipping and cruise sectors. A panel discussion on the
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Authorities are reassuring residents of the Vassiliko region that human health has not been put at risk from the fire at a storage area for cutting old tyres as communities stage protests. The blaze started at the facility in Vassiliko on Saturday, prompting the reactions of the inhabitants of the neighbouring villages of Mari, Kalavasos,
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By Lukman Otunuga, Senior Research Analyst at FXTM Another wave of risk aversion engulfed markets Tuesday morning after Wall Street closed in a bear market overnight and Treasury yields jumped to levels not seen in more than a decade. As concerns intensify about soaring inflation, investors are fearful of aggressive rate hikes from the Federal
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According to a World Health Organisation report, confirmed cases of monkeypox in non-endemic countries rose to 1,217 between 13 May – 8 June. No cases have been confirmed in Cyprus. The Health Ministry said 1,536 suspected cases were reported in eight countries in the African region, while 59 cases were confirmed and 72 deaths reported.
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Cyprus should expect thunderstorms inland and, on the coast, with heavy rain in some areas and hailstones on Tuesday, according to a Met Office yellow warning for extreme weather conditions. The alert is in force from 11 am to 7 pm Tuesday, with the downpour predicted to range from 35 to 50 millimetres of rain
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By Jeffrey Halley Things didn’t improve from overnight in New York, as the market scrambled to price in a 0.75% by the FOMC, whose two-day meeting starts Tuesday. Among the biggest casualties was the bond market, where yields soared, and the 2/10-year tenor spent part of the day inverted; 20+ basis point increases across the
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Rains from the aptly named ‘Genesis’ weather front disrupted the traditional ‘kataklysmos’ on Monday, celebrating the biblical floods and marked mainly along Larnaca’s palm-lined promenade. A cold weather front, continuation of the storms that flooded most of Greece, southern Balkans and parts of Turkey, dissipated by the time it reached the Cyprus coast, with brief
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By Jeffrey Halley It is turning into a Black Monday in Asia after US and European equity markets were pummelled on Friday, as China risks also rise again. Oil retreated again Monday as a US recession is complicated by mass covid-19 testing over the weekend in Beijing and Shanghai. Under covid-zero policies, the virus only
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