Unfortunately, as we leave summer behind and prepare for winter, the global energy crisis worsens. The situation has shifted from one requiring urgent attention to one that could push the EU into recession and likely to impact the global economy. Below, I summarise some of the latest highlights affecting global energy, some of which were
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By Craig Erlam Investors appeared relatively pleased with Friday’s U.S. jobs report, despite some initial choppy trade following the release. The headline non-farm payrolls figure was a little larger than expected at 315,000 which may have created that initial unease, as a knockout report could have effectively paved the way for a 75 basis point
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President Nicos Anastasiades warmly thanked Greece for donating a presidential jet during a handover ceremony held at Elefsina Air Base, outside Athens. President Anastasiades said that the aircraft donation is a generous contribution to meeting the needs of the Republic of Cyprus. It is the first that the Republic has its own government plane. It
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Hoteliers said they had difficulty coping this summer due to 5,000 staff shortages, calling on authorities to intervene to resolve the issue before next year. In comments to news site Stockwatch, the director general of the Cyprus Hotel Association, Philokypros Roussounides, said that labour shortages in the hospitality sector are recorded across the European Union
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Cyprus’ economy is on the rebound following two and a half years of coronavirus restrictions, as indicators perform better than in pre-pandemic 2019. According to data released by the Cyprus Statistical Services, the island’s economy grew by 6.1% GDP year-on-year in Q2, compared to 6% in Q1. GDP growth in Q2 of 2019 was 5.6%.
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New British Forces Cyprus commander and Sovereign Base Areas Administrator, Air Vice Marshal (AVM) Peter Squires, was sworn in at Flagstaff House in Episkopi. The AVM, who has enjoyed more than three decades of service in the RAF, having joined in 1989, spoke of his pride at taking up the dual roles and said he
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The percentage of organ donors in Cyprus remains among the lowest in Europe, Health Minister Michalis Hadjipantela said. According to figures, since 2011, 173 transplants have been carried out from living donors and 80 from posthumous ones—an average of 23 per year. Hadjipantela, with Spanish Health Minister Carolina Darias, visited the Transplantation Clinic of Nicosia
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By Craig Erlam Stock markets in Europe opened positively on Friday after what has been an otherwise rotten week, while Asia was fairly mixed ahead of the US jobs report. It will be interesting to see whether Europe can maintain the rebound considering we’re heading into the weekend not certain that gas will start flowing
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The European Medicines Agency (EMA) has recommended using two COVID-19 vaccines adapted against the Omicron variant by Pfizer/BioNTech and Moderna. The so-called Comirnaty Original/Omicron BA.1 (from Pfizer/BioNTech) and Spikevax Bivalent Original/Omicron BA.1 (from Moderna) will now be sent to the European Commission for approval, after which the vaccines can be used for people aged 12
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Cyprus reported four more coronavirus deaths during the past week on Friday, three men aged 78 to 87, and an 82 year old woman, while hospitalisations dropped significantly from 57 to 42. With critical cases inching up from nine to ten, and three intubated patients, two fewer than last week, the government’s health advisers called
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