By Lukman Otunuga, Senior Research Analyst at FXTM The sentiment pendulum is positioned to swing deeper into ‘risk-on’ territory as markets take heart from vaccine hopes and expectations of further stimulus for pandemic-hit economies. Wednesday’s trading session has commenced on a positive note, with Asian shares edging higher following news that Moderna’s attempt to produce
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Cyprus hoteliers are urging the government to encourage British tourists to choose the island for their holiday by offering them a free coronavirus test upon arrival. Stakeholders are unhappy that the Deputy Minister of Tourism, Savvas Perdios conceded Cyprus would be unable to save even a quarter of last year’s 3.9 million arrivals. Perdios said
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An alert was issued for extremely hot weather on Wednesday, but Cyprus’ met office said this would signal the end of a week-long heatwave that has seen maximum temperatures consistently hit 40 degrees Celsius. Cyprus is sweltering under July heatwave with the met office issuing an extreme weather warning for Wednesday with maximum temperatures expected
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Sirens screeched across Cyprus Wednesday to mark the dark events of July 15, 1974, when a Greek army engineered coup toppled the government in Nicosia leading to the Turkish invasion five days later. At the exact time, the coup took place to oust democratically elected President late Archbishop Makarios III sirens wailed at 0820 when
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Nicosia aims to establish an agency for the promotion of Cyprus tertiary education that will attract students from both home and abroad. Cyprus House speaker Demetris Syllouris met on Tuesday with ministers and academics to discuss the establishment of an agency to promote higher education. He said the meeting took place after consultation with Cyprus
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The funeral took place on Tuesday of Robert Costanian, the last surviving member of Omonia Nicosia football club’s first starting eleven in 1948. Tributes poured in for the Cypriot Armenian footballer who died aged 91. The service took place at the Sourp Asdvadzadzin Armenian church in Nicosia. An announcement on the club’s official Facebook page
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Cyprus health authorities confirmed only one new COVID-19 case on Tuesday, an Albanian resident returning via Greece. The country’s only case involves an Albanian citizen, permanently residing in Cyprus, who was tested at the airport after arriving from Albania via Athens on Monday. The positive case was detected from 1,754 laboratory tests carried out on
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Turkey has a direct responsibility to preserve the Hagia Sophia as a world heritage site and allow access for all Christians, said Russian Ambassador to Cyprus Stanislav Osadchiy. Commenting on the conversion of Hagia Sophia into a mosque, Osadchiy posted on Facebook that Russian leader Vladimir Putin had a telephone conversation with Turkish President Recep
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Cyprus is taking a step nearer the digital age as it moves forward with a tender for the country’s 5G network platforms with permits expected to be approved before the year’s end. The junior innovation ministry announced on Tuesday it will soon launch a tender with a mandate to roll out 5G by 2025 with
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Company pensions are becoming increasingly unsustainable due to the plunge in government bond yields and low interest rates, warns the chief executive of one of the world’s leading advisory and fintech organisations. “Institutional investors, such as pension funds, have always traditionally invested in government bonds, as they’re widely regarded as a safe-haven. However, the world
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