It’s the 2012-13 banking collapse and financial crisis all over again. Only this time around, despite grandiose announcements of financial aid, it is obvious that the small and medium-sized enterprises (SMEs) will be the hardest hit from the coronavirus pandemic. There is no doubt that the €2 bln package is probably the biggest of its
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Authorities urged people to stay home on Saturday as Cyprus recorded 17 new coronavirus cases bringing total infections to 179 since the outbreak began. The Health Ministry said five have died from Covid-19, while another 17 tested positive, bringing the total of confirmed cases to 179 (including five in the British Bases) of which 95
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The coronavirus pandemic and its economic fallout will trigger a ‘skyward surge’ in sustainable, responsible and impactful investing over the next 12 months, according to Nigel Green, the CEO of financial advisory deVere Group, which has more than $12bn under advisement. Bloomberg analysis reveals that the average Environmental, Social and Governance (ESG) fund fell by
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Healthcare professionals are sounding the alarm claiming the number of Cyprus coronavirus cases is much higher than the total announced by the Epidemiological Monitoring Unit. Doctors and nurses say the number of “orphan” cases where it is unknown how the patient contracted the virus, combined with people being treated in the hospital could reveal that
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Cyprus’ Electronic Communications Commissioner is monitoring internet traffic, following an increase of bandwidth demand due to the COVID-19 lockdown measures. With people working from home, and the internet is becoming the main source of entertainment for families forced to stay at home, there are concerns whether the Cyprus network can handle the demand. In comments
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When travelling on aeroplanes, the stewards go through the routine of explaining what the passengers should follow in the event of difficulty and when we hear “brace-brace”, we should follow a certain procedure. In the event of having to abandon the aircraft, floor lights come up to guide the passengers towards the emergency exits. Although
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As Cyprus remains in lockdown, it recorded two new coronavirus-related deaths on Friday, bringing the total to five since the outbreak on March 9. The Health Ministry said two patients have died from Covid-19, while another 16 tested positive, bringing the total of confirmed cases to 162 (including four in the British Bases) of which
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Cyprus has agreed to send a quantity of chloroquine medicine to Israel in the next few days while in exchange Israel will dispatch 50 respirators to the island. A written statement by the Government Spokesman Kyriakos Koushos said that President Nicos Anastasiades on Friday spoke over the phone with his Israeli counterpart Reuven Rivlin to
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Real GDP may only contract by between 3.5 per cent and 9.2 per cent in 2020 as the impact of Covid-19 to tourism and the retail sector is offset by rising food sales, healthcare and public spending, according to Nicosia-based research consultancy Sapienta Economics. Cyprus banned all incoming flights on 21 March. Restrictions on the
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By Han Tan, Market Analyst at FXTM Asian stocks are set to enter the weekend on the back of four consecutive days of gains, after their US counterparts extended their advances overnight. It’s taken just two weeks for the Dow Jones to go from a bear market to a bull market, at least technically, while
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