The British pound fell against the U.S. dollar and the UK’s leading benchmark FTSE dropped amid more uncertainty coming from PM Boris Johnson’s administration. UK Health Secretary Sajid Javid said in a tweet that he quit Johnson’s government and that he’s lost confidence in the Prime Minister. Meanwhile, the Chancellor of the Exchequer Rishi Sunak
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The introduction of a national minimum wage is up in the air, as social partners appear to be dangerously drifting apart, instead of converging, after meeting President Nicos Anastasiades. The sides were expected to add the final touches to the proposal for a national minimum wage following months of negotiations with the late Labour Minister
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Wearing a face mask in indoor public spaces for everyone over 12 will become mandatory again from Friday after a spike in COVID-19 infections, Health Minister Michalis Hadjipantela announced. The decision came following Wednesday’s cabinet meeting, with the minister declaring the U-turn only weeks after masks were dropped. A face mask mandate was one of
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US lawmakers of the Congressional Caucus on Hellenic Issues openly disagree with President Joe Biden, who supports Turkey’s request to purchase and upgrade F-16 fighter jets. A joint statement issued by Congress members Dina Titus, Chris Pappas, Charlie Crist, Carolyn B. Maloney, Frank Pallone, and John Sarbanes expresses concern about the White House’s stance, noting
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New credit granted by Cypriot banks increased by nearly 30% in the first five months of the year compared to 2021, pushed upwards by higher demand for household and business loans. According to Central Bank of Cyprus data, the banking system has issued nearly €1.4 bln worth of loans as businesses and households feel encouraged
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UN Secretary-General Antonio Guterres prompted Cypriot leaders to encourage more direct contact and cooperation between the divided communities as the climate of trust worsens. He urged President Nicos Anastasiades and Turkish Cypriot leader Ersin Tatar to improve an already difficult climate if peace talks are to resume. In his report on UNFICYP, Guterres recommends that
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By Jeffrey Halley Recession fears buffeted markets overnight, with the price action across various asset classes looking like a self-sustaining negative feedback loop, triggering more stop losses as prices slumped and dragging in trend-following momentum-hunting fast money. Europe endured a torrid day as the Norwegian oil workers’ strike proved the last straw for an energy-starved
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Attorney-General George Savvides has appealed a 12-month jail sentence handed to a British tourist found guilty of a hit-and-run accident which killed a Swedish mother in Ayia Napa. On Tuesday, the office of Attorney-General George Savvides tweeted that Savvides has lodged an appeal against the district court’s decision after having studied the sentence and deeming
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A series of mistakes led to the freak accident that cost 27-year commando Panayiotis Yiannios his life, after falling to his death from a helicopter during a National Guard exercise, according to a leaked probe. According to a Phileleftheros daily, police officers probing the fatal accident last week found evidence indicating serious procedural errors during
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Turkish Cypriots are seeing their earnings vanish due to inflation spirals, as the cost of living in the Turkish occupied north has increased by a staggering 110%. According to north’s statistical data, annual inflation in June spiked by 110.42% compared to last year, 56.76% since December, and 9.54% since last month. Compared to the previous
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