By Craig Erlam A quiet start to what will otherwise be a lively week in financial markets, with particular focus on the US as the Fed meets Wednesday and big tech report earnings. Stock markets are modestly in the green, with a fair amount of straw clutching at play once more. Earnings not being as
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Two helicopters are expected to arrive in Cyprus on Tuesday as part of the country’s efforts to increase its state of preparedness to tackle summer wildfires. The two Kamov helicopters will join a fleet of six other aircraft used for firefighting purposes. The Director of the Forestry Department, Charalambos Alexandrou, told CNA the two leased
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State hospitals are fully prepared to deal with possible monkeypox cases in Cyprus, although none have yet surfaced, assured Health Minister of Health Michalis Hadjipantela. Nicosia General Hospital was designated as the reference hospital for the disease, with 10 beds available and a capacity to accommodate more cases. After Monday’s extraordinary meeting, following the World
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Greek Foreign Minister Nikos Dendias said there is no room for optimism in resuming moribund Cyprus talks due to Turkey’s “unacceptable claims”. He told the Greek newspaper Kathimerini that 48 years after the Turkish invasion, the Cyprus problem remains an unresolved international issue of illegal invasion and occupation. “Greece, in coordination with the Republic of Cyprus, is
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The EU-funded Innovative Entrepreneurship project has launched the 2022 Startups4Peace (Su4P) programme in cooperation with the Embassy of Finland to get divided Cypriots working together. The programme aims to encourage innovative entrepreneurs with new business ideas and intercommunal vision in Cyprus to come together, work in partnership and develop closer contacts between Greek Cypriot and
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Louis Hotels, owner and operator of 26 properties in Cyprus and Greece, offers a 15% discount for last-minute bookings at two of its 5-star hotels in Limassol and Paphos. Guests who book a stay at the Royal Apollonia in Limassol or the Ivi Mare in Paphos up until 31 August will benefit from a discount
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The economic outlook for Germany has deteriorated in recent months due to high energy price inflation and rising gas security risks, the DBRS Morningstar The sharp increase in global energy prices has weakened the purchasing power of domestic households and weighed on business costs and business and consumer sentiment, the rating agency said. Moreover, high
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About 550 staff will get a tax-free bonus of €180,000 each to leave the Bank of Cyprus as part of a downsizing plan that includes shuttering 20 branches and helping return the bank to dividend-paying profitability. The bank said it had completed the voluntary staff exit plan, reducing its workforce from 3,395 to about 2,851
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A leading crypto exchange, Crypto.com, has obtained an operating license in Cyprus as it seeks expansion in Europe. The Singapore-based exchange announcing the move said the license means the exchange can now begin to offer crypto services to residents of the country. The Cyprus Securities and Exchange Commission wants Crypto.com to operate within the confines
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Cyprus is expected to be gripped by a heatwave for most of this week, with above-average temperatures sizzling at 40 degrees Celsius or more. The Met Office issued another yellow alert on Monday for extreme temperatures where sun exposure poses a health risk for the young and the elderly. Maximum temperatures inland aren’t expected to
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