Cyprus health authorities have yet to control the outbreak as things are “touch and go” with new coronavirus clusters springing up in Limassol, as the surge in Larnaca and Famagusta subsides. In comments to the Financial Mirror, Virologist and Health Ministry advisor on COVID, Peter Karayiannis, said the authorities are keeping a close eye on
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Fitch Ratings affirming Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at `BBB-` with a Stable Outlook has been welcomed as a vote of confidence by the government. Fitch said Cyprus’ rating balances its institutional strength reflected in per capita GDP and governance indicators in line with the ‘A’ median rather than `BBB`. It acknowledged a
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By Hussein Sayed, Chief Market Strategist at FXTM President Trump’s Covid-19 diagnosis caught markets by surprise on Friday and they sold off aggressively on the news, with the Dollar ticking higher against its major peers. Investors bracing for a month-long of uncertainty until Election Day are now having to deal with another variable, ‘the President’s
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Nicosia heralded the withdrawal of Turkish drillship Yavuz from Cyprus waters as a positive step but said it would continue to monitor developments. The move comes after last week’s European Council which warned Turkey to de-escalate tensions in the eastern Mediterranean or face repercussions from Brussels. EU leaders said they would review the situation in
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Energy transition poses varying degrees of credit risk to the world’s largest national oil companies (NOCs), with many of the risks and opportunities ahead defined by the countries they operate in and sovereign strategies, according to a Moody’s Investors Service report. “NOCs play a critical role in the world’s energy markets, dwarfing their counterparts in
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Cyprus health officials announced 13 new SARS-CoV-2 cases on Sunday, after a week of rapid changes that saw daily reports exceed 30, many linked to a worrying cluster growth among football clubs in Larnaca district. In all, health authorities conducted 3,177 tests, with the new Covid-19 cases raising the total for the Republic of Cyprus
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Data presented by Stock Apps indicates that the five best performing semiconductor stocks have an ROI of 27.2%. The ROI is on a Year-to-Date basis. According to the data, Lattice Semiconductor Corporation has the highest ROI at 47.4% followed by Taiwan Semiconductor Manufacturing Company with returns of 34.09%. QUALCOMM Inc has recorded the third highest
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Cyprus went to the big boys’ party at the European Council calling the shots on Turkey before having to eat humble pie dressed as a victory after climbing off its high horse. Small island syndrome had rather embarrassed the EU 27 in its desire to impose sanctions on Belarus officials for orchestrating a brutal crackdown
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Cyprus’ Transport Ministry is directing its energy to restore the island’s air connectivity as annual passenger traffic drops by 80% due to the coronavirus containment measures. “Cyprus’ air connectivity was bound to take a serious blow, as the EU and the rest of the world went on lockdown with reopening being a task on its
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Cyprus COVID-19 cases are still climbing with the Health Ministry on Saturday confirming another 22 cases from 3,477 tests, taking the total to 1,811 since the outbreak. There are chains of transmission in Larnaca, at the Famagusta district village of Achna with its local football team the source and a cluster in Limassol linked to
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