Cyprus is stepping up flights to repatriate hundreds of citizens stranded abroad and university students who wish to return home during the COVID-19 lockdown. Transport Minister Yiannis Karousos told CNA that two flights have been arranged for Tuesday and Wednesday. A Cyprus Airways flight departs Tuesday for Kiev and will then fly to Chisinau and
More
The mayor of Aradippou, a COVID-19 cluster, could face legal proceedings for breaking social distancing rules by attending church during Easter, the Justice Minister said Tuesday. Justice Minister George Savvides told state radio CyBC, said that the case has “yet to be closed” and authorities are looking into whether further action is warranted. Aradippou Mayor
More
British Bases police at Akrotiri have re-instigated a Food Aid programme first introduced during Cyprus’ 2013 financial crisis to help struggling families during the current COVID-19 outbreak. Representatives from the police’s Community Unit donated 35 large boxes of food to community leaders of the surrounding Limassol villages of Akrotiri, Assomatos, Trachoni, Erimi, Lofou, Sotira and
More
Cyprus President Nicos Anastasiades on Tuesday is meeting business leaders and trade unions to discuss ways the government can gradually reboot the economy after weeks of COVID-19 lockdown. As coronavirus cases drop into single figures since the March 9 outbreak the government wants to start easing restrictive measures for certain businesses while maybe also easing
More
By Jameel Ahmad, Global Head of Market Research and Currency Strategy at FXTM Could you ever imagine you would see the price of U.S. crude oil valued at less than a pizza? Or even a slice of pizza? How about for it to actually cost more to sell U.S. crude? All of this was previously
More
Cyprus has condemned another Turkish incursion into its designated maritime zone to drill for oil and gas in a move escalating tension during a time the world is fighting the coronavirus pandemic. A statement from the Cyprus presidency said Turkey’s announced intention to drill off the island was the sixth such attempt in less than
More
Cyprus has managed to keep coronavirus cases under double figures for the second day running after health authorities reported five more infections on Monday from six the previous day. These five positive cases were found from 1,669 tests, bringing the total of confirmed infections in the Cyprus Republic to 772 since the outbreak on March
More
The benchmark US crude West Texas Intermediate (WTI) collapsed to just below $11 on Monday, its worst drop since December 1998, as the coronavirus outbreak causes demand to slump. “Over the past few months, the story defining oil’s painful depreciation revolved around the coronavirus chaos, demand destruction and oversupply concerns,” explained Lukman Otunuga, Research Analyst
More
The number of bitcoin ATMs jumped by almost 70% in a year, reaching more than 7,500 in April, as one of the most convenient and quickest ways to buy and sell the leading cryptocurrency. Recent years have witnessed an impressive growth of the cryptocurrency market, followed by a surge in the number of people trading
More
As the world faces the worst economic downturn since the Great Depression and many people are going through extremely hard times, we also need to focus on the compelling positives there are now to create, build and safeguard money to reach our financial goals, says the chief executive of a leading financial advisory group. “The
More
