Moscow has no intention to invade Ukraine, claiming troops are on Russian territory and “pose no threat,” said Russia ambassador Stanislav Osadchiy. In an interview with CNA, Osadchiy accuses western media of stoking “hysteria” over Ukraine, while Western countries hope to avoid the questions Moscow is posing over “vital issues” concerning European security. He also
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Bitcoin and cryptocurrencies are at a tipping point as two rival major world powers – the U.S. and Russia – both appear to be moving towards state acceptance of digital money, according to Nigel Green, CEO of financial giant deVere Group. The Biden administration is preparing an executive order for release as early as next
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Cyprus reported two coronavirus deaths on Monday, with new daily cases breaking past the 3,000 barrier and rising to 3,396, while hospitalisations decreased to 204 with critical cases also dropping, to 65. The health ministry said in its Covid bulletin that a 77 year old woman and an 86 year old man were the latest
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The largest cruise ship in the world, the Wonder of the Seas, recently acquired by American cruise giant Royal Caribbean, has docked at Limassol Port ahead of its maiden season. The 362-metre, the 236,857-tonne gross weight cruise ship has just joined the Royal Caribbean fleet as the fifth Oasis-class cruise ship of the company. Wonder
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Cyprus will get another source of liquidity from its Euro Medium-Term Notes (EMTN) being dual-listed on the Swiss Exchange, SIX and the Nicosia bourse. On Monday, the Ministry of Finance, the Cyprus Stock Exchange and the SIX Swiss Exchange announced the successful establishment of the post-trade infrastructure required to facilitate the dual- listing of the
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By Hussein Sayed, Chief Market Strategist at Exinity January has been a month to forget for many investors after hundreds of billions of dollars were wiped out of equity and bond markets. Traders have shifted from the speculative corners of the market to safe-haven assets as stocks have tumbled over the past four weeks. Unprofitable
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Labour productivity in Cyprus is below the EU average, ranked at the bottom end with Portugal and Greece, said the Economic and Competitiveness Council. Releasing its second competitiveness report, the Council notes that Cyprus performed poorly, as its productivity ratio compared to the EU average stands at 80.6% in 2020, dropping from 95.7% in 2008.
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Cyprus’ Supreme Court on Monday overturned the conviction of a young British woman found guilty of lying about being gang-raped by Israeli tourists. Defence lawyers said the court agreed they had successfully argued there was a miscarriage of justice in the conviction of ‘public mischief’ by a district court judge in 2020. A small crowd
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The Health Ministry’s ‘test to stay’ school testing policy came under criticism on Monday when a number of testing stations did not operate, as units found themselves understaffed at the last minute due to a large number of team members having been infected with COVID-19. The ministry came under criticism as it had sent a
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Unvaccinated Cypriots holding a recovery certificate as a Safe Pass after contracting COVID-19 will now see its validity drop from 180 days to 90 days. On Monday, the Health Ministry reminded the public of the change. The change came into effect following a cabinet decision to tweak Safe Pass regulations taken in December to push
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