An accused hacker who became the first Cypriot national extradited by Nicosia to the US could see his prison ordeal end soon. Joshua Epifaniou, 21, was flown to the US to face charges including several counts of wire and computer fraud, identity theft and extortion carried out from his Nicosia bedroom when a teenager. His
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The government could not have given a poorer excuse for its shortcomings and fall from grace than when it claimed parliament blocking the 2021 budget would “jeopardise welfare and development” spending. What development? What welfare? State schools have seen their expenditures slashed, the national health system is cutting corners to stay afloat, infrastructure projects have
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We are impressed by the younger generation of Cypriots, who, in addition to their qualifications and some partial practical local experience of real estate, have based their research and analysis of their computer data on their own investigation mainly. We attended a seminar and gave a “lecture” on the local market and returns, we
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Cyprus is starting to feel the negative effects of a spike in COVID-19 cases reporting another Coronavirus death on Saturday while infections continue to rack up three-digits. The Health Ministry announced the death of a 91-year-old female patient treated at COVID referral hospital Famagusta General. Although the number of people dying after being infected with
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Cyprus’ 5G network rollout is caught up in a tug-of-war between two superpowers, China, and the US, locked in a battle for technological supremacy and geopolitical influence. China has accused the US of openly lobbying Cyprus to join its camp against Chinese vendors, such as tech giant Huawei and other telecom firms, which they deem
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By Han Tan, Market Analyst at FXTM Asian stocks were in a sea of red on Friday while US equity futures extended their declines for the week as markets continued taking stock of the potent mix of major downside risks, from Covid-19’s resurgence in major economies to the looming US political uncertainty. While Americans have
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Turkey’s lira tumbled to a record low against the euro during the week with trading platforms reporting an all-time low closing price of 9.78 on Friday, coming dangerously close to 10. This is the lowest the Turkish Lira has reached since its introduction in January 2015 when it replaced the old Turkish Lira. One new
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October has been the worst month during the coronavirus pandemic in Cyprus, with Friday’s 166 new cases raising the monthly total to 2,462, more than half so far. The health ministry said to date, Cyprus has recorded 4,217 cases of SARS-CoV-2, justifying the need to add more beds to the coronavirus ward at Famagusta General,
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British global travel group Thomas Cook has said its dropping Cyprus holiday packages and flights from its programme after the island was added to the UK’s travel quarantine list. The announcement came from the company in a tweet on Friday. “Sadly, we’ve had to remove Cyprus holidays from our site. We’re speaking to customers on
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Revenue generated from Cyprus tourism plunged 87.3% year on year to €235.6 mln for the first eight months, a clear marker the sector has been hardest hit by the coronavirus pandemic. A mixture of national lockdowns and travel restrictions has decimated the island’s tourism industry which generated €2.68 bln last year on record 3.97 million
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