Corruption saps the economy, undermines opportunities for people trying to engage in legitimate business and public services and kills international investments, said US State Department official Richard Nephew. The Coordinator on Global Anti-Corruption was appointed to the post by US Secretary of State Antony Blinken in July 2022. Nephew visited Cyprus to exchange views with
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By Craig Erlam The Bank of England may have little option but to raise rates again next week, despite comments recently indicating the debate will be fairly balanced. The UK labour market figures offer something for everyone on the face of it, but under the circumstances, BoE hawks will likely be more emboldened by the
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Shipping Minister Marina Hadjimanolis said Cyprus is “an ideal place for companies to develop and excel” during a speech at an event in London on the sidelines of International Shipping Week. Addressing a packed Cyprus High Commission headquarters, she said Cyprus sits at a strategically located crossroad between three continents. “It has a simple and
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Some 60% of the animals and plants that have become extinct globally are due to invasive alien species, according to a new international report. The Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES), entitled ‘Invasive Alien Species and their Control’, describes the impact of invasive alien species on biodiversity, human health, and the economy.
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Bitcoin’s compatibility with AI technologies is driving major institutional investors to increase their exposure to the cryptocurrency, according to the CEO and founder of deVere Group, a leading independent financial advisory and fintech. “The buzz surrounding artificial intelligence is real – Nvidia’s shares, for example, have jumped almost 210% this year on the frenzy around
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Cyprus was the country with the second largest share of the population, declaring they could not afford to keep their home adequately warm, according to Eurostat data. Last year, Cyprus had double the EU average of people who couldn’t afford to keep their homes warm. In 2022, 19.2% of the population in Cyprus (9.3% in
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Cypriot politician Christos Stylianides has stepped in as Greece’s new shipping minister after Miltiades Varvitsiotis resigned on Monday over the death of a passenger who was pushed off a ferry he tried to board in Piraeus. The Greek port police are investigating the death of 36 year old Antonis Kargiotis last week when he tried
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By Craig Erlam A relatively quiet start to the week from an economic data perspective, but we saw some decent moves in the markets, particularly in the Japanese yen. The yen jumped on Monday on the back of comments from Bank of Japan Governor, Kazuo Ueda, who hinted that interest rates may not be negative
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The Met Office issued an orange warning for showers and local thunderstorms throughout Monday. According to the warning, thunderstorms are expected to impact primarily the mountains and the eastern half of the island, with rainfall intensity ranging from 55 to 70 mm per hour. Monday started sunny in most parts of the islands, with clouds
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President Nikos Christodoulides has urged banks to take concrete steps in absorbing some of the increased cost of borrowing from interest rate hikes burdening the economy and households. During an interview with Phileleftheros daily on Sunday, the President called on the banks to do their bit to alleviate pressure on low-income households, warning the increased
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