By Dalia Marin As the COVID-19 pandemic escalates, the risks inherent in global supply chains are more apparent than ever. Rather than await a return to business as usual, with manufacturing activities concentrated in countries where labour is cheap and plentiful, advanced-economy companies are shifting their focus to the lowest-wage workers of all: robots. Firms
More
By Hussein Sayed, Chief Market Strategist at FXTM The 31% rally in the S&P 500 since hitting a bottom of 2,191 on March 23 has been truly incredible. Economic factors should be the key determining factor for equity markets, but there seems to be an enormous disconnect between the performance of stocks and the economy.
More
In an ideal world, a place where boring predictability lives without fear, I would like nothing better than avoiding talking about coronavirus but it’s not going to disappear in a puff of magic smoke. The government has suggested that with the number of daily infections coming down it allows for some optimism that a spattering
More
Cyprus on Sunday reported that only another six people were confirmed to have contracted COVID-19, from a total of 1,803 tests, falling below double figures since the start of the outbreak on March 9. The total of covid19 cases in the Cyprus Republic today stands at 767 (including the ten cases in the British Bases).
More
By Javier Solana As many readers may know, I was hospitalised in Madrid after having tested positive for COVID-19. My recovery has been slow, but the prospects are encouraging. Although remaining isolated from my loved ones has been unpleasant, it is a relief that these hardships are befalling us in the 21st century, with so
More
Governments and economies are facing unprecedented challenges and uncertain outcomes as they seek to address and overcome the coronavirus pandemic, a group of leading economists said. “The world is at a crossroads”, EBRD Chief Economist Beata Javorcik said, reflecting on an expected rise in inequality, during a virtual panel discussion hosted by the EBRD and the London School of Economics.
More
Cyprus’ agriculture sector could not be left out of harm’s way, as the coronavirus crisis’ takes its toll on the country’s farmers, who are asking the state to step in to rescue them from disaster. Cyprus farmers have seen the ripples of coronavirus crippling the tourist sector reaching them as they are unable to sell
More
As the global economy braces itself for its worst crisis since the 1930s, Cyprus is reassessing initial estimates of the impact of coronavirus while the jury is still out over how long it will take the island to recover. Despite an IMF projection that the Cypriot economy will shrink by 6.5% and rebound with a
More
We are considering what stance to adopt on the proposal submitted by the Traders Association regarding possible rental reductions due to the virus situation. This is not an easy job and it needs extensive discussions and thought is required as to who will benefit and what will be the basic general percentage deduction for businesses
More
Cyprus health authorities announced on Saturday that out of a total of 3,209 lab tests another 11 people have tested positive for COVID-19, with the total number of confirmed cases reaching 761. On the basis of the Epidemiological Monitoring Unit, the new confirmed cases are 11 down from 15 the previous day. Out of 1,391
More
