A critical drug for type 2 diabetes, Ozempic, is in short supply as Cypriots join a new weight-loss fad taking the globe by storm, said the pharmacists association on Friday. Ozempic is a semaglutide injected with a pen once a week to control blood sugar levels for people with type 2 diabetes, but it has
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Cyprus reported another four COVID-19 deaths on Friday, including a 19-year-old man, one of the pandemic’s youngest victims. The latest deaths also claimed another two men and one woman, aged 79 to 88. According to the Health Ministry’s latest report released on Friday, covering two weeks (April 7-20), the COVID-19 deaths take the number of
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The online tax statement platform Taxisnet will be open to receive individual and corporate income tax statements for the year 2022 in the coming weeks, according to the Tax Department. Although the state’s updated tax platform Tax for All went live in March, tax return statements will be submitted to the old platform Taxisnet. Currently,
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By Craig Erlam Another mixed day of trade in stock markets on Friday as UK consumers become increasingly less pessimistic, but spend less and global manufacturing slumps further. UK spending slips in March Economic data on the UK consumer has been a mixed bag Friday morning, but a deeper dive into the figures suggest there’s
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The notorious Medusa ransomware gang has fulfilled its threat and leaked stolen information from the Open University of Cyprus to the dark web, making it available to data brokers and identity thieves. The ransomware group leaked encrypted folders with sensitive data as the institution refused to pay a ransom of $100,000 after a two-week notice
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The University of Nicosia is training members of the Dubai Police in combating financial crimes involving digital assets. It said the Institute For the Future (IFF) of the University of Nicosia collaborated with the Dubai Police (GHQ), the General Department of Criminal Investigations and the General Department of Human Resources for the “Financial Investigations for
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The EU Parliament passed the Markets in Crypto Act, or MiCA, on Thursday which will come into force next year and has been hailed as a “landmark moment” for cryptocurrencies that will “help drive prices” for the likes of Bitcoin. Stefan Berger, the MEP who led the bill’s creation, said in an emailed statement that
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Last year, the average hourly wage and salaries in the whole economy were estimated to be €15.6 in Cyprus but below the €22.9 for the EU and €25.5 in the euro area, according to Eurostat. Compared with 2021, they increased by 7.5% in Cyprus, 4.4% in the EU and 4.0% in the euro area. Within
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On 12 April, around 10 Cypriot professionals and others woke up to the shock of being sanctioned by the US and the UK and then losing access to their Cypriot bank accounts. Since there is very little that one can do without a bank account these days, they have essentially been thrown indefinitely into financial jail. I
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By Craig Erlam European markets are in the red on Thursday in what continues to be a choppy week of trading driven by economic and interest rate uncertainty. We’re now at a pivotal point in the tightening cycle, one made all the more difficult by the mini-banking crisis last month and the ripple effects it
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