Google’s former CEO Eric Schmidt is on his way to getting a Cyprus passport after being approved by the government through the now-defunct Citizenship by Investment Scheme. According to American media outlet VOX, Schmidt, who is one of the wealthiest people in the US, will, along with his family, join over 6,000 foreign investors and
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Confusion reigns among the public on mandatory wearing of face masks outdoors such as when walking the dog while ‘clarification’ offered by officials only make matters worse. People are unsure whether if they are obligated to wear a mask while walking their pets, going out for a stroll in their neighbourhood or even the beach.
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Stock markets are “overthinking the positive vaccine news,” with stock markets soaring after drug firms Pfizer and BioNTech announced that their Covid-19 vaccine was 90% effective in tests, a leading financial advisor has warned. Londons’ FTSE 100 soared 5.5% on Monday and Wall Street benchmark S&P 500 index was set to climb surge 3.9% when
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A rapid £10 coronavirus test that can return results in just over an hour has been launched by a British company run by a UK Cypriot scientist. The firm that developed the rapid, portable, lab-free COVID-19 test now in use in the NHS, has announced the consumer launch of the ‘Bubble Test’. DnaNudge is offering a
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President Nicos Anastasiades on Wednesday will announce stricter measures to combat the coronavirus surge with local lockdowns for Limassol and Paphos hotspots the most likely option. It is understood authorities are leaning towards restricting movement in Limassol and Paphos to stop the virus spreading to other areas, but schools will stay open. Although an islandwide
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Russia started deploying peacekeepers to the war-ravaged enclave of Nagorno-Karabakh, also known as Artsakh, after imposing a ceasefire on Armenian forces to withdraw from positions claimed by arch-enemy Azerbaijan and bombed since September. Armenian Prime Minister Nikol Pashinyan appealed to the nation saying the deal brokered by Russia’s President Vladimir Putin was “unspeakably painful for
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Nicosia has told the United Nations that efforts to resume frozen peace talks are hampered by Turkey raising tensions in the Eastern Mediterranean and the opening of fenced-off Varosha. UN envoy on the Cyprus problem Jane Holl Lute intends to visit the island at the end of November, she told President Nico Anastasiades during a
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Trade finance is seen as the most practical and cost-effective solution to help small-to-medium-sized companies (SMEs) avoid bankruptcy, according to Eurivex Trade Finance, a provider of alternative funding solutions. The pandemic has negatively affected operations, sales, and bottom-line around the world, more importantly, resulted in delays in the collection of outstanding amounts from customers. From
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Cyprus President Nicos Anastasiades has decided to delay the announcement of new, possibly stricter measures to combat the coronavirus, after he was briefed on Monday evening during a crisis meeting by his scientific advisors, following the surge of COVID-19 cases in recent days. The emergency meeting came just days after Cyprus tightened measures last Wednesday
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Cyprus reported a lower number of 111 daily cases of SARS-CoV-2 infections on Monday, but the hospital admissions rate continues to rise at a worrying pace with a record 85 patients being treated at state hospitals putting a strain on the national health system. This number was increased from the 77 patients being treated in
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