By Han Tan, Market Analyst at FXTM Prime Minister Boris Johnson has issued a stark warning asking his side of the English Channel to prepare for a hard Brexit. Despite this, GBPUSD is still holding at around 1.33. The binary outcome (deal or no-deal) is on a knife’s edge which potentially sets the Pound up
More
Kings Avenue Mall shops demand the government relax COVID measures for Paphos arguing the district’s epidemiological data is better than the rest of the island. Shopkeepers urge authorities to allow malls and catering establishments to stay open, citing Paphos’ improved epidemiological data since a local lockdown from 13 to 29 November. As businesses have already
More
The Deputy Shipping Ministry on Friday issued an open tender to revive the Cyprus-Greece ferry link as of next summer. Announcing the process, junior shipping minister Vassilis Demetriades said “several companies” have already expressed interest to participate in the process that closes on January 29. The tender will then be evaluated and awarded in time
More
Three people were arrested after anti-vaxxers clashed with riot police in Nicosia outside the premises of media outlet Sigma, another two are wanted for the violence condemned by the government. Violent clashes erupted between police and protesters when demonstrators started throwing rocks at oncoming vehicles. Police said a water cannon was used as protestors used
More
European Union leaders pledged to expand a sanctions list against Turkish individuals targeted with travel bans and asset freezes over ‘illegal’ energy exploration in the eastern Mediterranean. Brussels stopped short of moving toward more economically painful sanctions against the government in Ankara, as advocated by Cyprus, Greece and France. EU leaders gave the go-ahead in
More
Cyprus Police stepped up checks on Friday as new restrictions came into force which sees restaurants, bars, cafes, and shopping malls close while churches must stay empty. In comments to the Cyprus News Agency, police spokesman Christos Andreou said that officers will continue to be firm while exercising their duties whether checking catering establishments, churches,
More
Cyprus had two deaths and 403 new coronavirus cases on Thursday, the third highest daily rate this month and to date, with the number of deaths since the pandemic started rising to 72. In all, 23 people have died during the first ten days of December, nearly a third of all deaths so far. This
More
Cyprus has gone from being among the best-performing countries in Europe in keeping a lid on COVID-19 cases, to being one of the worst giving the government no option on harsher interventions. Following a backlash over restrictions coming into force Friday, the government has defended its decision saying Cyprus is in line with the rest
More
Greek Prime Minister Kyriakos Mitsotakis urged the European Council summit to treat Turkey aggression as a matter of EU credibility. EU leaders in Brussels are expected to agree on more sanctions against Turkish individuals and businesses for its energy exploration in the Eastern Mediterranean. Although Greece and Cyprus want a tougher stance by Brussels to
More
Cyprus’ hospitality sector says it’s facing bankruptcy following the government’s decision to close restaurants, cafes, and bars in a bid to reduce the second wave of coronavirus. As of Friday, restaurants, pubs, and coffee shops will be closing along with shopping malls, cinemas, while churches will remain empty during the busiest time of the year.
More
