The price of Bitcoin is likely to recover to at least $7,000 next week, with the wider cryptocurrency market receiving a major resurgence, according to Nigel Green, the chief executive of deVere Group, one of the world’s largest independent financial advisory and services organisations. The bullish forecast comes as the price of Bitcoin, the largest
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By Han Tan, Market Analyst at FXTM The Dollar is taking a breather after soaring for the past eight sessions, as the DXY Dollar Index tests the 103 support level while still remaining near its highest levels since Q1 2017. This is offering slight reprieve for the rest of the world, with all G10 and Asian
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A member of the Cyprus police has tested positive for the coronavirus, police spokesperson Christos Andreou confirmed to CNA assuring that all protocols are being followed. Andreou said, “unfortunately a coronavirus case has been indeed found, it concerns a colleague who serves in police headquarters.” He added that as soon as he was informed Chief
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An Iranian man shot in the leg by a police officer following a disturbance later died in Limassol hospital, Cypriot authorities said on Friday. According to the police, two officers went to the man’s house in Apesia, Limassol following complaints that he had damaged cars in the village. The man was reported to be roaming
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Due to the impact of coronavirus and some medical staff contracting the disease Cyprus state hospitals are operating a skeleton service if at all. The Accident and Emergency Departments (A&E) at Limassol and Paphos General Hospitals are suspending operations for 72 hours, while in Nicosia and Larnaca will only accept emergency cases, the Health Ministry
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Hundreds of Cypriots stranded in the UK will be repatriated with two chartered flights under a Cyprus government coronavirus crisis management plan. The first of the two flights will depart in the early hours of Saturday from Heathrow airport with Aegean, a source told CNA. A second flight from the UK is also planned, but
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Cyprus’ Electricity Authority said it will apply a 10% discount on energy bills for two months, to help households and businesses hit by COVID-19. The discount was approved by the Cyprus Energy Regulatory Authority after a proposal tabled by the government. This does not include VAT and the special levies for renewable energy. The cut
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Divided Cyprus has registered 100 coronavirus case after Turkish Cypriot authorities reported another 13 people infected in the north. This brings the total number of COVID-19 in the Turkish occupied north to 33 while the Republic of Cyprus has recorded 67, since its first case on March 9. New cases in the north concern 12
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The outlook for the global shipping industry has changed to ‘negative’ from ‘stable’ in the wake of the coronavirus outbreak, Moody’s Investors Service said in a new report. The change to a negative outlook primarily reflects the expected decline in 2020 EBITDA amid sharply reduced demand for container and dry bulk shipping services as the
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After shoppers dashed to Cyprus supermarkets to stockpile on personal hygiene products and non-perishable food items, traffic has returned to normal, but shopkeepers are on their toes to face further challenges. The government not ruling out a curfew has supermarkets concerned, but they feel ready to cope with any sudden spike in demand. Already proving
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