Despite the economic impact resulting from the coronavirus pandemic, the number of companies attaining unicorn status, or a billion-dollar valuation, has hit historical levels, backed by factors like increased funding. Data acquired by the financial news portal Finbold indicates that the number of new global unicorns has spiked 491% between Q2 2020 and Q2 2021,
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Two more people have been arrested in connection with the attack on the Dias media group and clashes outside the Presidential Palace on Sunday night by a group of anti-vaxxers, after a demonstration against COVID-19 vaccines and the SafePass turned violent. A police official told the Financial Mirror on Wednesday that two more people were
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Cyprus saw a mild drop in new coronavirus cases on Tuesday, falling to 995 from 1056 the day before, with one death and a rise in hospitalisations to 231. The health ministry said in its daily Covid bulletin that a 76 year old man died at Nicosia General hospital, raising the death toll for July
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As Cyprus paid tribute on Tuesday to the victims of the Turkish invasion in 1974, Turkish Cypriot leader Ersin Tatar said 3.5% of the fenced-off town of Varosha will be demilitarised, maintaining his determination for a two-state solution. Tatar made the announcement accompanied by Turkey’s President following a parade in northern Nicosia marking the 47th
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British expats living across Europe are being “routinely abandoned” by financial firms due to Brexit red-tape and complications, according to U.K. media reports. A leading advisory firm recommends that expats seek financial advice with a cross-border expert. Many UK banks and financial advisory companies are now unable or unwilling to work with British nationals in
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By Lukman Otunuga, Senior Research Analyst at FXTM A wave of risk-off sentiment engulfed markets on Monday after US and European shares tumbled on growing concerns over the Covid-19 Delta variant outbreaks threatening economic recovery. The sour mood is likely to dish out more punishment to equity markets on Tuesday as investors seek refuge in
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By Charles Ellinas Following the OPEC+ (OPEC plus Russia) agreement on Sunday to raise crude oil production by 400,000 barrels/day each month, starting from August, Cypriots should see a fall in fuel prices at the pumps – possibly by around 5% – at least for now. As a result of this deal, OPEC+ oil production
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New coronavirus cases soared to 1,056 on Monday, with five deaths and hospitalisations peaking at 228, as health experts say the numbers will rise following Sunday’s anti-vaccine protest of thousands opposed to the SafePass in Nicosia that turned violent. Nine people have been remanded after eye witnesses identified them as perpetrators of the attacks at
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Police remanded four more people Monday afternoon in connection with the attack on media group Dias on Sunday night, after a protest by anti-vaxxers against COVID-19 vaccines and the SafePass turned violent. A police official told the Financial Mirror that four more people were arrested on Monday afternoon, adding to the five that have already
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The last two months have been pretty dynamic for the crypto market. First, Elon Musk’s Bitcoin tweets and a new round of regulations by the Chinese government caused the unexpected pullback in Bitcoin and other cryptocurrencies in May. A month later, cryptocurrencies plummeted again after the US Department of Justice seized $2.3 mln in crypto
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