By Craig Erlam Stock markets pushed higher again on Thursday, with the Nasdaq taking part this time after Tesla reported strong figures for the first quarter. The doom and gloom following Netflix earnings didn’t last long in another sign of investor resilience to bouts of negativity. Of course, it came in what has been a
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The war in Ukraine and sanctions imposed on Moscow are taking a toll on the Cyprus forestry department that will be deprived of two Russian-owned firefighting helicopters it leases every year. The development comes as Cyprus heads into the hot summer months, which have firefighters on the alert for wildfires. Department efforts to lease two
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Cyprus business seems to have discounted a doom-and-gloom fallout from the war in Ukraine, with economic sentiment for April improving by 2.8 points but still below the level before Russia’s invasion. The University of Cyprus Economics Research Centre said its April Economic Sentiment Indicator (ESI-CypERC) increased by 2.8 points to 104.9 from 102.1 in March,
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Former volunteerism commissioner Yiannis Yiannaki was officially charged with the alleged forgery of his academic documents, which landed him well-paid jobs in the government. According to reports, Yiannaki has been slapped with 18 charges, including forging official documents on his CV. Yiannaki was forced to resign from his post in 2021 amid a police investigation
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A record number of hotels have joined the state-sponsored staycation scheme starting in May to boost domestic tourism as coronavirus rules are lifted. More four and five-star hotels, apartments and other tourist accommodation are participating in the new discounted scheme, with rooms at a maximum price of €100 per night. In comments to state radio
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The COVID transmission rate in Cyprus has dropped to 0.6%, while the daily number of cases is low and hospital admissions have decreased, said Health Minister Michalis Hadjipantela. He said the improved COVID landscape has allowed the government to lift safe pass measures and other restrictions. Hadjipantela reassures that although his ministry no longer announces
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By Craig Erlam Wednesday was slightly better for stock markets in Europe as they continued to fluctuate in the same ranges they’ve traded in for the last month. US indices had a mixed start to the day, with the Dow outperforming, up around 1%, while the S&P managed small gains, while the Nasdaq was hit
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The Transport Ministry has announced a grant scheme to encourage the installation of solar-powered charging systems for plug-in electric and hybrid vehicles. The cabinet on Wednesday approved of €1.5 mln scheme to help people go green by offering them a cheaper way to charge their electric vehicles. The government’s latest scheme is part of its
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Cyprus will revoke the passports of four European Union sanctioned Russians over Ukraine, taking the total to eight who received citizenship under a disgraced investment scheme, Cypriot officials said Wednesday. A cabinet decision agreed to revoke the passports of four more Russians on a sanctions list following Moscow’s invasion of Ukraine in February. “These are
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Cyprus is scrapping the COVID-19 Safe Pass for the outdoor hospitality venues and nightclubs for Easter, while the requirement will be binned entirely on 15 May, Health Minister Michalis Hadjipantela said Wednesday. On Friday, to coincide with Greek Orthodox Easter, the safe pass is scrapped for outdoor hospitality venues and nightclubs. From 15 May, the
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