Some 1,700 COVID-19 cases reported in the past ten days involved people who have been reinfected with the virus, while Omicron remains the dominant variant amongst the community, the Health Ministry said on Tuesday. From January 15 to 24, a total of 1,690 people were reinfected with coronavirus, the ministry said, without specifying the variant.
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The government is trying to find ways to absorb a hefty 16% hike in tariffs announced by the three concessionaires at Limassol port, with the business community up in arms, saying this will cause irreparable damage to the economy, especially exports. The main proposal from the island’s Chamber of Commerce is for the state to
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By Lukman Otunuga, Senior Research Analyst at FXTM Asian stocks flashed red Tuesday morning, alongside U.S futures after an explosively volatile session on Wall Street. Equity markets were flung on a chaotic rollercoaster ride as investors grappled with Fed hike fears and mounting geopolitical tensions over Ukraine. In the currency space, king dollar edged higher
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US Congress members Gus Bilirakis and Nicole Malliotakis have told Secretary of State Antony Blinken they vociferously object to Washington’s reversal of support for the Eastern Mediterranean gas pipeline. They oppose a decision by US President Joe Biden to withdraw support for the ambitious EastMed pipeline, a joint project by Greece, Cyprus and Israel that
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Motorists caught violating the highway code by newly introduced speed cameras have yet to receive their fine after almost one month since the network went live. According to Phileleftheros daily, police officials confirmed that not a single registered letter with a traffic offence had been sent out. It quoted traffic police deputy chief Charis Evripidou
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Cyprus Police and the Social Welfare Services have signed a Memorandum of Cooperation to handle and protect human trafficking victims in a strong message of zero tolerance to this crime. The Memorandum was signed by Justice Minister Stephie Dracos and Deputy Minister of Social Welfare Anastasia Anthousi. It promotes the cooperation of the two services
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President Nicos Anastasiades has intervened to scrap free, around-the-clock use of state luxury vehicles for top civil servants after criticism it was a “scandalous” waste of taxpayers’ money. In a statement on Monday, Cypriot government spokesperson Marios Pelekanos said that Anastasiades instructed the finance minister to withdraw the plans after noting concerns that the use
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Stock markets will be mixed this week as investors brace for the crucial Fed meeting and rotate towards value stocks, according to the chief executive of a leading financial advisory and fintech. The Federal Reserve policy makers’ meeting this week could signal the first lift-off in U.S. interest rates since 2018 as they try to
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Cyprus reported one coronavirus death on Monday, rising to 75 for January which is headed to become the deadliest month on record, as new daily cases rose to 2,815 and hospitalisations dropped further to 221. The health ministry said in its Covid bulletin that the latest victim was an 87 year old woman, raising the
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Despite the sales, Cyprus’ retail sector can’t shake off the coronavirus pandemic, as it has fallen victim to Omicron’s high transmissibility. With many daily cases and close contacts being kept at home, retailers lose out on the winter sales season. Despite avoiding a lockdown, Omicron has made many people sick with COVID-19 or are self-isolating
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