Turkish Cypriot authorities have confirmed two new cases of Covid-19 in the north of Cyprus bringing the total there to 64 and one death as 16 villages are completely locked down. A 65-year-old female German tourist was the first coronavirus case in the north on March 10, she was part of a 39-strong tour group
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By Hussein Sayed, Chief Market Strategist at FXTM This week has kicked off with a new precedent. It isn’t the volatile performance of stocks, bonds, or currencies that are grabbing all the attention, but the moves in Oil prices. US crude has tested levels below $20 for the first time in more than 17 years,
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Nearly 500 people were reported by police on Sunday for violating strict social distancing rules during the coronavirus lockdown. Cyprus police told CNA on Monday that 10,494 checks were carried out in the last 24 hours, in which a total of 455 individuals were reported for violating the decree of the Ministry of Health on
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Low-rated emerging market sovereigns with large near-term international bond repayments and significant reliance on foreign currency, private-sector credit are particularly vulnerable to the impact of deteriorating economic conditions on capital markets, according to Moody’s. “The coronavirus outbreak and sharp commodity price declines are triggering significant financial market volatility and risk aversion that few emerging market
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Health authorities said people were disobeying social distancing rules after Cyprus registered its biggest daily jump in new coronavirus cases bringing total infections to 214 plus six deaths since the outbreak. The number of daily cases more than doubled from 17 on Saturday to 35 the next day. The Health Ministry said on Sunday one person died from
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Two rival card payments handlers have hiked the amount for cashless payments to alleviate worries of people touching keypads to insert their PIN numbers amid the coronavirus scare, as card use rises in supermarkets, food deliveries and pharmacies. Payments to hotels and travel agencies are next to nil, according to officials at the two card
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Psychologists advise its preferable to have a daily routine to cope with being locked up to keep the coronavirus at bay. It’s rather strange living in a house with your family while trying to keep your distance, staying two metres apart, avoiding physical contact. Working from home during the coronavirus crisis is also a hostile
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The Deputy Ministry for Shipping is extending the deadline for payment of the Cyprus Registry Maintenance Annual Fee and the tonnage tax of Cyprus ships by two months due to the health emergency. “This is to support shipping companies and owners of Cyprus ships and to enable them to address the difficulties encountered due to
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DBRS Morningstar considers that most advanced economy sovereigns have adequate fiscal space to implement temporary measures to mitigate the adverse impact of Coronavirus Disease (COVID-19). The Coronavirus Quandary: This is Going to Hurt The response to coronavirus places governments in a difficult dilemma. Efforts to slow the spread of the virus are needed to
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It’s the 2012-13 banking collapse and financial crisis all over again. Only this time around, despite grandiose announcements of financial aid, it is obvious that the small and medium-sized enterprises (SMEs) will be the hardest hit from the coronavirus pandemic. There is no doubt that the €2 bln package is probably the biggest of its
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