Βy Han Tan, Chief Market Analyst at Exinity Group Asian stocks were mixed Wednesday, while European indices and US equity futures drifted in and out of negative territory. The buy-the-dip charge in equities appears to be taking a breather, having already restored the S&P500 to within 0.4% of its highest-ever closing price. Better-than-expected Q3 earnings
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Cyprus’ tourism sector is experiencing chronic worker shortages, with job vacancies at their highest in recent years, as establishments say they might not be able to open in 2022. A leading tourism lobby group has warned if corrective measures are not taken, it could take a few years to resolve, damaging the sector and the
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The European Commission has called on Turkey to reverse its actions in Varosha and “actively” support Cyprus negotiations within the UN framework in its report on the enlargement process. The enlargement package on the progress of the Western Balkans and Turkey was presented on Tuesday to the European Parliament’s Committee on Foreign Affairs (AFET) in
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Newly introduced speed cameras recorded 500 violations in two hours on a busy Nicosia junction as authorities re-establish a traffic camera network 14 years after the previous scheme was dismantled due to legal hiccups. No offending motorist will be receiving a fine as the four cameras set up at a busy Nicosia junction on Grivas
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The Cyprus problem and prospects for a resumption of stalled UN-backed talks under Turkish hostility will be on the agenda when Cypriot Foreign Minister Nikos Christodoulides meets his Russian counterpart, Sergey Lavrov, in Moscow. The two ministers will sign the Strategic Framework for Cooperation between the Republic of Cyprus and the Russian Federation for 2022 –
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Cyprus’ case fatality rate due to COVID-19 is 0.46%, while the healthcare cost for the pandemic hit €100 mln, said Christis Loizides, Executive Head of State Health Services Organization (SHSO). Loizides said that since the outbreak in March 2020, more than 6,000 patients had been hospitalised, of whom 600 were in ICUs. He said the
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The government is under attack from consumers for standing by as motorists face a rollercoaster ride of petrol price increases. President of the Cyprus Consumers Union and Quality of Life, Loucas Aristodemou, told the Financial Mirror that government intervention could halt fuel prices, despite the Finance Minister claiming otherwise. He criticised the government for avoiding
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Cyprus reported no deaths attributed to Covid-19 on Tuesday, as new infections climbed to 181 and hospitalisations rose to 61. The ministry said in its daily Covid bulletin that the death toll since the pandemic started remained unchanged at 564, of whom 12 died in October. After a record 80 deaths in August, the number dropped
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The leaders of Greece, Cyprus and Egypt took their electricity and security alliance to the next level, pledging to establish an office to coordinate “issues of mutual interest”. Speaking after their ninth trilateral summit in Athens, host Prime Minister Kyriakos Mitsotakis, Presidents Nicos Anastasiades and Abdel Fattah El – Sisi said they “reviewed the work
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A powerful earthquake off the Greek island of Karpathos on Tuesday was felt in Cyprus, some 350km away, according to the Geological Survey Department. The tremor was felt on the Greek islands of Karpathos, Crete, Santorini and Rhodes, the southern Antalya region in Turkey and cities in Egypt. The Cyprus Geological Survey Department said that
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