By Craig Erlam Stock markets are tentatively higher in Asia Tuesday, while Europe and the US are poised for a similarly modest start to trade in what is the start of a hectic 72 hours in the markets. For many weeks now, the December Fed decision has dominated the minds of traders, while sentiment in
More
The Cyprus banking system reported after-tax losses of €36 million on a consolidated basis in the first nine months, from a profit of €22.54 million in the same period last year due to retirement schemes. According to the aggregated data for the Cyprus banking sector as of 30 September, published by the Central Bank, total net
More
Open-ended scheduled power cuts will begin Wednesday following a Transmission System Operator (TSO) decision to safeguard the stability of the Cyprus grid during strike action. In comments to state radio CyBC, TSO spokesperson Vrahimis Koutsoloukas said the operator took the decision as the power supply could be compromised by electricity authority staff deciding to pull
More
Due to recent child deaths in the UK and Europe from Streptococcus type A infections, health authorities have decided to arm paediatricians with strep tests. The Health Ministry, following a meeting with the Cyprus Paediatric Society, announced that it would be taking steps to acquire strep tests for paediatricians to offer free of charge. Group
More
By Craig Erlam Stock markets were off to a cautious start on Monday in what is expected to be a massive week in financial markets and the final all-action one of the year. That’s not to say the next two weeks will be without incident – we can’t be so naive after what 2022 has
More
Across Cyprus, quarterly, sale values increased by 3.9% for apartments, 1.1% for houses, 0.6% for offices, and decreased by 0.3% for retail and 1.5% for warehouses, according to the Q3 Ask WiRE Index. As for holiday apartments and houses, sale values increased by 1.9% and 0.6%, respectively. On an annual basis, prices increased by 9.4%
More
These are scary times for families living in rented accommodation in the capital, as rents for a two-bedroom flat average more than the national minimum wage. Renting a two-bedroom flat of 80 to 90 square metres in Nicosia could set you back at least €800 a month, according to a Phileleftheros report. Hiking rents and
More
A low-pressure weather system is closing in on Cyprus from the Aegean, bringing more rain as thunderstorms are expected across the island on Tuesday night and Wednesday morning. According to a report by weather observers, KitasWeather, the low-pressure system will be hitting the island on Tuesday, clearing dust concentrations in the atmosphere since Sunday. Temperatures
More
Nearly half of Cyprus businesses have experienced some kind of cyberattack in the past 12 months, according to surveys on cyber security. The surveys showed that 46% of businesses were attacked or suffered a security breach in the last 12 months, with an average of 3-4 attacks per month. Among the local businesses that were attacked, 48% incurred
More
Housing booms across many advanced economies are coming to a halt due to rising mortgage rates and weak economic growth prospects, according to Moody’s analysis. “Slowing home sales and a moderation of house price appreciation, if not outright corrections, are now likely in most markets where house prices appreciated rapidly in 2021 and earlier this
More
