Cyprus reported one coronavirus death on Friday, the second this month, with the number of hospitalisations dropping slightly to 111, while new daily cases neared 600, rising to 594. Daily infections rose from 337 on Sunday to 586 on Monday and peaked at 613 on Tuesday. The health ministry said in its daily Covid bulletin
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The outlook for the banking industry is stable for the next 12 to 18 months as the global economy maintains a steady recovery, helping support banks’ asset quality and keeping loan loss levels low, Moody’s Investors Service said in a new report. The rating agency explained that during the pandemic, consumers and businesses were supported
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A 32-year-old Syrian man held in connection with the disappearance of two Russian women was remanded in custody for another eight days on Friday. A Larnaca district court decided evidence provided reasonable suspicion the suspect is involved in the case, such as abduction, unjust restraint, and concealment of a kidnapped person. The court said it
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Pope Francis called for healing during an outdoor Mass in Cyprus within sight of a huge Turkish Cypriot flag on a mountainside on the other side of a line that has divided the island for nearly half a century. Francis began his first full day in Cyprus at a meeting with leaders of the Orthodox
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Turkey threatens to prevent ExxonMobil’s search for oil and gas off Cyprus after Nicosia awarded it the rights to Block 5 in the island’s economic exclusive zone. Cyprus on Thursday awarded natural gas exploration rights for Block 5 to the ExxonMobil and Qatar Petroleum consortium, with the US giant given administrative rights as the owner
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Cyprus is in a position to be a peacemaker, said Pope Francis addressing representatives of the Diplomatic Corps and Civil Society at the Presidential Palace during his official visit to the island. “Cyprus, as a geographic, historical, cultural and religious crossroads, is in a position to be a peacemaker. May it be a workshop of
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Pope Francis met Friday with the leader of Cyprus Orthodox Church to further mend an ideological and political rift between the Catholic West and the Orthodox East that dates back nearly a millennium. Archbishop Chrysostomos II greeted Francis, and the two went behind closed doors on the second day of the pope’s three-day Cyprus trip.
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Markets did not take well to Turkish President Tayyip Erdogan appointing Nureddin Nebati, a strong supporter of his low-interest rate drive as minister of Treasury and Finance on Thursday, as the Turkish Lira reached its lowest ebb ever, losing 1.32% overnight. The lira, opened on Friday at 15.28 to the Euro, down from 15.08 on
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Turkish Cypriot leader Ersin Tatar said he was saddened that Pope Francis is not visiting the occupied north of the island, “choosing to visit only the Greek Cypriot Christians”. Tatar issued a statement extending an invitation to the Pope to visit the north, noting: “There are two people in Cyprus, not just the Christian Greek
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Cyprus reported no coronavirus deaths on Thursday, as the number of hospitalisations dropped slightly to 112, but new daily cases went beyond 500 again, rising to 538. New infections dropped to 492 on Wednesday from the recent high of 613 on Tuesday. The health ministry said in its daily bulletin that hospitalisations dropped by four
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