Two low-intensity earthquakes rattled Limassol in less than 24 hours, which residents felt putting the town on the alert. On Monday, the Cyprus Seismological Centre recorded a 2.4 magnitude earthquake that shook northern Limassol after being rocked by a magnitude 2.6 quake on Sunday. In both cases, no structural damage or injuries were reported. The
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Turkish moves to open up fenced-off Varosha were condemned by the Summit of Heads of State of the Commonwealth in Kigali, Rwanda. Foreign Minister Ioannis Kasoulides participated in the Summit, representing the President of the Republic. In the Declaration of the Summit, the Heads of State of the Commonwealth expressed their support for the sovereignty,
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Scope Ratings affirmed the Republic of Cyprus’ BBB- long-term issuer and senior unsecured local- and foreign-currency ratings, revising the outlook from stable to positive. According to Scope’s analysis, the decision to revise the outlook reflects the country’s solid growth prospects, supported by long-term improvements in labour market conditions, foreign-financed investment, and structural reform. It refers
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Singapore Air offers the best Business Class experience around the world, according to a study that compared offerings by different carriers. In the study, the airliner scored 9.57 out of 10 for its business class service quality, according to a TradingPlatforms.com market analysis, ahead of rival prize-winning airlines Qatar Airways, Cathay, Etihad and Emirates. “Singapore
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By Moody’s Analytics U.S. recessions are ultimately a loss of faith: consumers lose faith that they will have a job and pull back on their spending, and businesses lose faith that there will be demand for the good or service they produce, and they lay off workers. A vicious, self-reinforcing cycle takes hold. There has
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Coca-Cola is America’s strongest brand with the world-class company enjoying a Brand Strength Index (BSI) score of 93.3 out of 100, according to a TradingPlatforms.com analysis. Moreover, the iconic beverage company has a corresponding elite AAA+ rating. The BSI score ranking is based on its Brand Loyalty and Recommendation Forecast data reflecting consumer perceptions, preferences,
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We thought we had made our escape from the ravages of COVID-19, no longer looking over our shoulders and keeping our distance. The restrictions came tumbling down, no more Safe Pass, face masks or passenger locator forms. It was with a sigh of relief that we believed the worst pandemic in 100 years had run
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Cyprus is to throw another lifeline to distressed borrowers to help them keep their homes following its ESTIA scheme for toxic mortgages, which failed to cover all applicants. This time, the Finance Ministry is preparing to launch a mortgage-to-rent scheme aiming to bail out borrowers with a first home or an SME linked to a
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UK pensioners eyeing a retirement home in Cyprus may have to rethink their plans, as changes proposed by the government on granting residence permits to non-EU nationals raise the bar for newcomer retirees by €130,000. Amid a surge of demand from retirees from the UK, Israel and Germany, real estate stakeholders in coastal areas are
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State doctors’ demands and the Health Ministry succumbing to pressure, especially in an election year, suggests that patient rights have been thrown out with the bedpan. The public watches with awe the latest saga in the deteriorating public health sector, with the ‘new’ initiative of outpatient services provided by GPs and paediatricians over weekends, and
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