A coronavirus-driven short, sharp global recession risk is growing and investors are urged to take steps now to build and protect their wealth, says the CEO of one of the world’s largest financial advisory organisations. The warning from Nigel Green, the chief executive and founder of deVere Group, comes as confirmed cases rise and governments
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Despite getting off to a good start, the novel coronavirus outbreak may endanger the Cyprus tourist season before it even begins, claim hoteliers. As the virus gets a grip of countries from which Cyprus receives a large number of tourists such as its largest market Britain and Germany – travellers are cancelling their spring holidays.
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Four police officers were injured, and pepper spray used as around 350 Cypriots demonstrated on Saturday against the temporary closure of several crossings on the divided island’s ceasefire line over the coronavirus crisis. A police spokesperson said four police officers were injured during scuffles with demonstrators in the capital Nicosia while “limited use” of personal
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It’s Women’s Day once again, when everybody hops on the equality bandwagon, adding a tag of their choosing to “gender-” to show the general public that they care about inequality issues. President Anastasiades, not known for his encouragement of women in key administration positions, tried to justify the glaring absence of female ministers by saying
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Moody’s Investors Service has revised its Global Macro Outlook and its baseline growth forecasts for all G20 economies. The coronavirus outbreak has spread rapidly outside China to a number of major economies. It now seems certain that even if the virus is steadily contained, the outbreak will dampen global economic activity well into Q2 of
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As the novel Coronavirus spreads around the world, economies are shaken with stakeholders in the Cypriot economy fearing that if the virus poses a threat for a prolonged period Cyprus will pay a hefty price. The world’s economy could grow at its slowest rate since 2009 this year due to the coronavirus outbreak, according to the Organisation for
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By Ivanka Pittelkau As the coronavirus is spreading across the world, its consequences on the economy are turning investors to safe-haven assets. What started in January as a local issue in Wuhan, China is now a global problem. Despite the uncertainty that remains around the health hazards of the virus, one thing is clear; its impact
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With the Cyprus football season entering its play-off stage, top-flight clubs are preparing for a lucrative qualification spot in European competition. Six teams are to fight it out for a golden ticket to the Champions League next season while three spots are up for grabs for the second-tier UEFA Europa League. Topflight teams boosted their
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The Cyprus Health Ministry said on Friday that a soldier from Greece was being tested for suspected coronavirus after showing symptoms of respiratory infection. According to a ministry announcement, the soldier was taken to the hospital and placed in isolation after showing symptoms similar to the coronavirus. The Health Ministry said the soldier had recently
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Cyprus President Nicos Anastasiades said he is striving to put more women in decision-making centres after protests demanding gender equality. Hundreds of Women across the island staged a one-hour strike outside their workplaces on Friday calling for equal rights in an initiative called “The Time Is Now”. Protesters called for an end to violence against
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