The Federal Reserve’s expected move on Wednesday to raise interest rates is spooking investors into doing what they should be doing already: ensuring their portfolios are properly diversified – and this is a good thing, according to the head of a leading financial advisory and fintech. Markets are waiting for the U.S. central bank’s announcement
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Cyprus will not get a break from fridge-like temperatures over the coming days, after a cold front currently prevailing weakens Thursday, said the Met Office. Still affected by the cold front Elpis, which is leaving the island on Thursday, Cyprus will be hit by another low-pressure weather system next week. Talking to Politis radio, the
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The UN High Commission for Refugees acknowledges Cyprus is one of Europe’s frontline states facing increasing migratory pressures, but it needs to implement fast and fair asylum procedures. The UNHCR Representative in Cyprus, Katja Saha, spoke to the Cyprus News Agency about the situation at Pournara reception centre and the 280 unaccompanied children there. According
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Cyprus could issue its first green or sustainability bond next year and aim to raise at least €500 mln, an official from the debt management agency told Reuters. Proposals for such a deal have been discussed but still need government approval, according to the official, who asked not to be identified. “This is something that
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RAF Akrotiri’s 84 Squadron helicopter crew have marked a historic landmark by celebrating 50 years of operational service in Cyprus. Formed on January 19, 1972, the Squadron was originally equipped with the Whirlwind helicopter, based at RAF Akrotiri and in Nicosia, performing Search and Rescue (SAR) operations and undertaking UN duties. Now the UK’s only
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By Tiffany Wilding, US Economist at PIMCO With inflation still well above target and the unemployment rate now below estimates for the long-run level of maximum, we expect the Federal Reserve to use Wednesday’s meeting to reiterate recent guidance – officials now expect a March liftoff, three to four rate hikes this year and an
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Three people died of coronavirus in Cyprus on Tuesday, rising to 78 for January, just short of becoming the deadliest month on record, as new daily cases dropped to 2,546 and hospitalisations edged up to 223. The health ministry said in its Covid bulletin that the latest victims were two women aged 85 and 86,
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After launching test-to-stay at schools, the government is considering expanding the COVID-19 policy for close contacts in the emergency services and hospitals. As reported by the Cyprus News Agency, Health Minister Michalis Hadjipantelas on Wednesday will table a proposal before the cabinet to extend the policy to the police force and fire department and healthcare
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MPs have dived into the thorny issue of euthanasia, launching a round of discussion with civil society in parliament. The discussion was attended by Health Ministry officials, the Cyprus Bar Association, the Cyprus Medical Association, the National Bioethics Committee of Cyprus, representatives of the Holy Synod. It is considered a sensitive subject because it touches
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A Nicosia district court rejected a petition by 64 people to revoke as unconstitutional government rules requiring COVID-19 vaccination certificates to enter indoor and outdoor venues, the Attorney-General’s office said. In a statement, the court accepted the Attorney-General’s argument that a relevant Health Ministry decree aims to protect the island’s entire population, which is the
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