The historic Bitcoin halving event next month will boost its price – but other key drivers will have a more significant, longer-term impact, according to Nigel Green, CEO and founder of the financial advisory deVere Group. The price of Bitcoin has surged around 12% over the past week and by 6% on Monday alone –
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Cyprus is to appeal to international and local lenders to borrow an additional €3.25 bln to cover financing needs created by the fiscal impact of the COVID-19 pandemic. The Finance Ministry’s Public Debt Management Office announced that it is expanding its financing program in response to the coronavirus crisis. Cyprus will be looking to raise
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Tuesday’s death of a 74-year-old in the occupied north of Cyprus is the first Turkish Cypriot to lose his life from complications caused by the coronavirus. The total number of deaths in the Turkish occupied north of Cyprus has risen to three. Turkish Cypriot authorities said the elderly man, who had underlying health problems, is
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By Hussein Sayed, Chief Market Strategist at FXTM The world has finally seen a glimmer of light at the end of this dark tunnel. The coronavirus outbreak is starting to level off across many countries and cities. Looking at the rate of new daily infected cases and death toll from Spain, Italy, Germany and France,
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Police carried out more than 5,400 checks across Cyprus to ensure the enforcement of lockdown measures to contain the spread of coronavirus with 129 people caught offending. A police spokesman told CNA that from 18:00 Monday until 06:00 Tuesday, the force carried out 1,165 checks for protection measures in premises with two reports in Paphos
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Loan repayment suspension applications have surpassed 23,000 at Cyprus’ two largest banks, as retail borrowers and companies try to preserve disposable income amid the economic shutdown during the coronavirus pandemic. The Ministry of Finance issued a decree allowing eligible borrowers, those who in end-February 2020 had no arrears exceeding 30 days to request a loan
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By Andreas Theophanous With the spread of COVID-19 in most countries of the world, in addition to the casualties, the health issues and the disruption of normality, inevitably there has been a serious reduction of economic activity. Furthermore, most analysts predict that the current economic crisis will be much worse than the one which broke
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Cypriot health services are encouraged by signs that strict COVID-19 social distancing rules seem to be working after Cyprus has flattened the rise in confirmed cases. “Today’s numbers are encouraging due to the success of lockdown measures,” said health official Dr Leontios Kostrikis announcing 19 new COVID-19 cases on Monday. Total COVID-19 cases have now
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Pet dogs have more freedom than children under strict social distancing restrictions Cyprus has enforced to stem the coronavirus pandemic, a public sector trade union said on Monday. The Isotita union – representing 2,500 members – issued a statement on Monday urging Cyprus’ children’s rights commissioner to ensure that during the COVID-19 outbreak “children at
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Cyprus Police remain fully operational and in a state of high alert to ensure that everyone complies with government restrictions to contain the spread of coronavirus, Chief of Police Kypros Michaelides told CNA. He said that additional policing measures are being taken in areas where increased cases of the virus are being recorded and incidents
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