The global downturn, caused by the effects of Coronavirus, combined with a continuous oil and gas glut for 2020, is putting a major damper on offshore gas projects worldwide. The future of the East Mediterranean offshore projects, some of which were already in doubt, will for sure be hit, with major delays to be expected.
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The government has once again confused the public, to avoid a backlash over the Easter ‘holidays’ it decided to provide a Jekyll-and-Hyde approach in what it says publicly about the coronavirus. While enforcing strict stay-at-home regime, it is confusing the public by admitting that ‘things are getting better’ and the administration will follow other EU
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By Alex Soros The headlines are horrifying. Shortages of vital equipment forcing doctors to make battlefield decisions about who lives and who dies. Long lines of sick people waiting in vain for a test or a hospital bed. Empty businesses, stores, bars, and restaurants bringing local economies the world over to a grinding halt. And
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By Gaurav Vohra Yoga aims to find joy and love in this living, which resonates with each one of us, truly a wonderful thing one aspires for. Yoga is a powerful tool which helps us to understand our true selves through a journey drawing back from the veil uncovering us to our inner light and
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Cyprus on Friday reported its lowest number of new confirmed coronavirus infections for over a month as health authorities reported just 15 cases taking the total to 750 since the outbreak. This is the lowest since 15 March when Cyprus reported 10 cases, the highest is 58 recorded on 1 April. The 15 new COVID-19
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Leader of the ruling coalition in the Turkish occupied north, Ersin Tatar has accused Turkish Cypriot leader Mustafa Akinci of smuggling COVID-19 drugs and protective gear from the Cyprus Republic. The medical supplies were delivered on Thursday after Akinci made a personal request during a phone call with Cyprus President Nicos Anastasiades who had responded
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By Stefan Nolte Prior to the coronavirus crisis, monetary systems were already headed for a systemic crisis. Negative interest rates in Europe and minimal interest rates in the US (0% – 0,25%), in addition to the billions that had been injected into the markets with the goal of stabilisation (the real term should be “avoiding
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As Cyprus begins to get a grip on the spread of the coronavirus, the health services can boast that they have stabilised cases to less than two dozen a day, while keeping the death toll as low as possible. Cyprus coronavirus mortality rate stands at 2.4% of all reported cases, with 17 patients that contracted
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By Han Tan, Market Analyst at FXTM Asian stock markets are a sea of green, while US equity futures are also pointing to more gains for Wall Street to close the week. Risk appetite is being lifted by the rising hope that economies can be restarted in the not-so-distant future. Investors have also been encouraged
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Brussels has warned Turkey that if it continues its illegal energy drills off Cyprus, the EU will respond with further sanctions, said Commission spokesman Peter Stano. Turkey says it will continue drilling activity within Cyprus’ exclusive economic zone despite the COVID-19 pandemic. “There has been a break, but there has been no change in the
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