As the number of new Covid-19 cases continues to rise despite travel restrictions and recommended social distancing pleas, business leaders, managers and CEOs must rush through measures aimed at facilitating remote working. For most businesses, the shift from the traditional office working environment to working from home has been tough with IT and communications cited
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By Han Tan, Market Analyst at FXTM The Nikkei 225 ended the week 1.4% lower and the Japanese Yen broke to the stronger side of the 106 psychological level against the US Dollar, as Prime Minister Shinzo Abe announced his resignation Friday due to health concerns. Just this week, the 65-year-old Abe had marked his
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The struggling travel industry might get a last-minute reprieve as Sweden’s top tour operator and the UK’s Tui are expected to resume flights to Cyprus from September 14, but tourism stakeholders are not thrilled. The unnamed Swedish tour operator will be followed by a second British tour operator – thought to be Tui – which
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Joint naval and air exercises codenamed “Evnomia” with the participation of EU partners France, Italy, Greece and Cyprus wrap up on Friday south of the island’s coast. Naval surface vessels, submarines and military aircraft are taking part in the manoeuvres seen as a show of strength against Turkey’s illegal energy search in the eastern Mediterranean.
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Following a record number of 19 daily COVID cases reported on Wednesday, authorities in the Turkish occupied north of Cyprus have reported just one more coronavirus case. The new case takes the total number of infections on both sides of the Cyprus divide to 1,768 and 24 deaths. Cases reported in the north now stand
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Cyprus is to allow free access to all its museums “very soon” with new regulations that will be fast-tracked for a quick parliament vote, boosting visits and upgrading the overall tourism package. The Council of Ministers decided on Thursday to allow free access to all state museums, extend their opening hours and operating days, and
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Cyprus confirmed 11 more Covid-19 infections on Thursday after a lower than the average number of 2,755 tests carried out taking total cases to 1,467 since the outbreak. The total figure was readjusted after health authorities removed some 28 false-positive cases reported on Monday, for which samples were found to be tainted. Thursday’s cases follow
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Many people trying to dodge oppression or a crackdown on corruption have bought Cyprus passports in an attempt to escape the regimes of their home countries, according to Al Jazeera. Based on an investigation of more than 1,400 leaked documents on applications filed by foreign investors during 2017-19, Al Jazeera has turned the spotlight on
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Total outstanding loans fell to a new low of €31.9 bln with businesses and households struggling in the wake of the pandemic, according to data released by the Central Bank of Cyprus (CBC) on Thursday. Suspension of loan repayments due to COVID-19 had an upward impact on the changing landscape for banks. The Central Bank
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Omonia Nicosia’s New York-based Cypriot investor Stavros Papastavrou is seeing his investment in the club starting to pay off, as it will yield a minimum €1.7 mln from its participation in Europe. Following a disappointing first season, when he took over in 2018-19 season with the football club finishing sixth, this year Omonia has not
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