The British Sovereign Base Areas on Tuesday said that customs officials busted fuel smuggling operations at the Pergamos and Strovilia crossing points, putting an end to illicit trade from the occupied north to the Republic. Motorists have often been queuing up at crossing points to buy petrol or motor diesel from Turkish Cypriot service stations,
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Britain on Tuesday imposed an additional 35% tariff on a swathe of Russian imports, from vodka to steel, and banned exports of luxury goods over Moscow’s invasion of Ukraine. “We want to cause maximum harm to (Russian President Vladimir) Putin’s war machine while minimising the impact on UK businesses,” the Department for International Trade said.
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Cyprus health authorities are ushering in a second COVID-19 booster shot for the elderly and the immunocompromised, amid concerns over a stubbornly high number of deaths that topped 902 since the pandemic started, nearly a third of which in the last three months alone. The vaccination advisory body said that it was recommending the rollout
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By Lukman Otunuga, Senior Research Analyst at FXTM Asian stocks were in the red on Tuesday as continuing geopolitical risks and surging Covid-19 cases in China dealt another blow to risk appetite. In the currency space, the dollar got off to a shaky start despite the rise in Treasury yields, while gold extended losses, sinking
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Cyprus’ significant links with Russia have increased the downside risks to otherwise strong medium term economic prospects for the island, rating agency DBRS said in a commentary, echoing concerns by local firms that the services sector faces at least 15% in losses from the war in Ukraine. DBRS Morningstar said inbound tourism flows from Russia
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By Delphine Touitou Ukraine’s government continues to function, the banking system is stable and debt payments are viable in the short term, but the Russian invasion could plunge Ukraine into a devastating recession, the International Monetary Fund said. And it warned that the war could have broader repercussions, including threatening global food security due to
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Cyprus reported no coronavirus deaths for the first time in three weeks on Monday, as new daily cases jumped back up beyond the 3,000 mark and rose to 3,782, with hospitalisations dropping to 101, of whom 14 are critical. The Health Ministry said in its Covid bulletin that the death toll since the pandemic started
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Cyprus needs to improve its policies and infrastructure in order to be more humane when accommodating migrant refugees, President Nicos Anastasiades said after visiting the Pournara camp on the western outskirts of Nicosia on Monday. While admitting that there are clear shortages in an overpopulated receptions centre, Anastasiades tried to deflect the criticism aimed at
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By Marc Burleigh The EU is to sanction Roman Abramovich and other oligarchs in its latest round of punishment of Russians seen as supporting Moscow’s invasion of Ukraine, three diplomats told AFP on Monday. The billionaire owner of the Chelsea football club and the others are being added to a list of individuals whose assets
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European and US equities largely rebounded Monday as investors seized on hopes of progress in peace talks between Russia and Ukraine, sending oil tanking alongside news of key crude consumer China’s Covid lockdown of tech hub Shenzhen. Europe shrugged off tech-fuelled Asian losses after Moscow said it made headway in peace talks with Kyiv ahead
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