Two students studying abroad have taken legal action seeking to obtain a court order to force the Cyprus government to bring them home during the COVID-19 emergency. Although the government has chartered flights to repatriate over 1,200 Cypriots stranded abroad due to the coronavirus pandemic, it has so far declined to bring back thousands of
More
Cyprus health services are to carry out targeted testing in Paphos and the village of Aradippou in Larnaca after they witnessed a large outbreak of coronavirus cases over the past few days. The decision was announced on Thursday by Health Minister Constantinos Ioannou after a meeting he had with the epidemiological monitoring unit of the
More
Applications to suspend repaying loans in Cyprus have exceeded 7,000 after the government announced a nine-month freeze as part of emergency measures to mitigate impact of the coronavirus epidemic. Parliament approved a law for taking extraordinary measures at financial institutions and regulatory authorities and the Finance Minister issued a decree calling for a moratorium on
More
Cyprus police warn they will be unrelenting to ensure stay at home laws are abided by while recruiting the National Guard and drones to keep people in check during the coronavirus outbreak. Due to the spike in new COVID-19 cases, police are increasing checks on citizens travelling in vehicles or on foot across the island.
More
Cyprus has extended a ban on all commercial flights introduced on 21 March for another two weeks until mid-April to curb the spread of the coronavirus. Cypriot authorities have decided to extend the ban that was to end midnight on Saturday (April 4). “(After) evaluating the situation in the Republic of Cyprus, as well as
More
By Hussein Sayed, Chief Market Strategist at FXTM Investors have suffered a tough start to the second quarter due to the coronavirus pandemic. After climbing 17.9% from its low in the past seven trading days, the S&P 500 kicked off the new quarter with a 4.4% decline. It seems most of the fiscal and monetary
More
Cyprus House President Demetris Syllouris said he will forego his wages for the next two months with that money to be used in the effort to combat the COVID-19 virus. “During these critical times that our country is facing and the needs that arise, as a token of my contribution I am offering my entire
More
Cyprus recorded its highest daily jump in confirmed coronavirus cases as health authorities announced another 58 infections and one death on Wednesday. A day after the implementation of tougher social distance measures, Cyprus recorded 317 total infections and nine deaths since the outbreak in March. The record daily number of cases announced on Wednesday, after
More
Since the corona crisis has paralysed life in the United States, cannabis sales on some days have almost doubled. On March 16, around 90% more marijuana was sold in California than in the previous months. Cannabis companies reported a sales increase on 22 out of 26 days in March compared to the previous months –
More
By Jameel Ahmad, Global Head of Currency Strategy & Market Research at FXTM Wednesday’s opening day of trading for the new quarter has yet to indicate a positive change of weather for markets, after stocks concluded the first quarter of 2020 suffering the steepest declines seen since the 2008 financial crisis. Even with a 20%
More
