Celestyal Cruises announced that it is to extend the suspension of its sailings until June 29 due to the ongoing coronavirus pandemic, with the first cruise on that date being the four-night Iconic Aegean sailing round trip from Piraeus. This follows the cruise company’s earlier announcement on March 13, saying it was suspending all voyages
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By Sigmar Gabriel Under President Donald Trump, the United States is not actively seeking cooperation with other countries in combating COVID-19, leaving the global fight against the coronavirus fractured. Far more than the US-European dispute over the role of NATO, the silence surrounding the pandemic between the two sides shows that one can hardly speak
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By Louis N. Christofides The world has been hit by a serious pandemic and the damage will be great. How large will the flow of lost output in Cyprus be? What will be the impact on public finances? Who should bear the cost of this disaster? Current economic agents through tax increases, or future taxpayers,
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Cyprus on Wednesday saw a significant drop in confirmed coronavirus cases as they dropped to 20 from 33 the previous day with no new deaths reported. The 20 new cases were detected from a record 2312 lab tests. Some 1758 of the tests were carried out within the scheme to test frontline workers, such as
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All Cyprus frontline workers in the food industry and healthcare will be tested for coronavirus under a government scheme to contain the pandemic after positive cases at a popular supermarket and bakery chain. Businesses selling food and beverages, supermarkets, bakeries and kiosks, as well as those employed in homes for the elderly will have to
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Cyprus President Nicos Anastasiades on Wednesday slammed the spreading of fake news about COVID-19 conspiracy theories after a telecoms tower was vandalised. He said fears of a 5G network being secretly installed were unfounded and referred to the arson attack in Limassol in a statement. “The culmination (of such news) was the criminal act against
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A scheme to repatriate some 8,000 Cypriots stranded abroad continued on Wednesday as authorities announced they aim to bring back around 2,000 every two weeks, until the end of June. According to recent decrees, the Cyprus government will be repatriating people who were abroad for health-related reasons and university students currently carrying out a foundation
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There are fewer COVID-19 hospital admissions and fewer patients in critical condition giving the under pressure heath system a breather, said Health Ministry advisor, Professor Irene Christaki of Cyprus University medical school. She said this is a precondition for relaxing social distancing measures because the Cyprus health system will have to be ready to accept
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The COVID-19 hotspot in Aradippou still troubles authorities as the municipality continues to top the list of Cyprus infections, widening the cap from Paphos which has the second most cases per population. According to the epidemiological data released by the Health Ministry, up to 12 April, Aradippou has seen the number of cases increase compared
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By Han Tan, Market Analyst at FXTM Asian stocks and currencies are mixed Wednesday, while US equity futures are pointing south, offering a relatively subdued reaction to more dire warnings about the fate of the world economy. The IMF predicted that global GDP will contract by 3% this year, which would mark the steepest recession
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