‘Sextortion’, the online sexual extortion and coercion of children and adults, seems to be on the rise, but Cyprus police are not too concerned, saying that prevention is the best way to deal with this variant of cybercrime. Although only 21 cases of ‘sextortion’ were reported to the helpline 1480 in the first quarter of
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The Turkish currency crisis, amid a worsening dispute with the United States and the lira tumbling 40% against the dollar to date this year, is sending shockwaves across western markets. On Friday both Standard & Poor’s and Moody’s downgraded Turkey’s credit rating, with a fear of contagion gripping European banks, particularly the Spanish, that also have
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By Hussein Sayed, Chief Market Strategist, FXTM President Donald Trump is making the headlines again. This time by criticising Fed Chairman Jerome Powell and complaining about the Federal Reserve’s rate hikes to Republican donors at a Hamptons fundraiser on Friday in a closed meeting. His comments also went public on Monday after he told
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As Cyprus football teams get ready for the season kick off this weekend, recently rescued Omonia FC has announced a major sponsorship deal with online sports betting company Fonbet – €1 mln for the next three seasons, double the size of any commercial deal in the past few years. The deal was announced by Omonia
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Emirates, the Dubai-based airline that has been flying to Cyprus since 1994, is returning to Larnaca for an ‘open day’ recruitment day and to meet candidates wishing to join its multinational cabin crew team. Already employing 76 Cypriots on its workforce, the airline said it is “looking for both women and men to fill the
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Hellenic Bank and the Co-operative Central Bank may need to rethink the government-sponsored staff restructuring plan as the number of people who have opted for the voluntary retirement scheme (VRS) could exceed 1,000, higher than the initially planned 900, with less transferring to Hellenic than first planned. It would seem that the incentive of a
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By Hussein Sayed, Chief Market Strategist, FXTM Asian equities were trading mixed on Monday after a nervous last week which saw wild swings in global equities and emerging market currencies. News that officials from Beijing are headed to the U.S. on Wednesday to restart trade negotiations is likely to provide some stability, however don’t
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Cypriot authorities said on Sunday that an Egyptian man who hijacked a plane and diverted it to the Mediterranean island in 2016 has been handed over to Cairo ending a two-year extradition battle. The Cyprus News Agency quoting Cypriot police sources said that Seif Al Din Mohamed Mostafa, 61, was handed over to Egyptian officials
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More than 320 flights are expected to land or take-off from Cyprus on Sunday, making it the busiest day of the year for the island’s two international airports. Larnaca and Paphos Airports are experiencing the peak of their passenger traffic as August is the month with the most flights and the largest passenger flow, according
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Tourist arrivals in Cyprus in the year to July 2018 are the highest ever recorded over a 12 – month period, the Cyprus Tourism Organisation said. Between July 2017 and July 2018, the number of tourist arrivals in Cyprus was 3.84 million, which the CTO described as “the best twelve-month period in the history tourism
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