The outlook for the global shipping industry is changed to ‘stable’ from ‘positive’ for the next 12 to 18 months due to demand slightly outstripping supply, according to a Moody’s Investors Service report. The rating agency said the outlook change is driven by tough comparisons with the very strong cash flows generated this year, rather
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Shops on the once busy Makarios Avenue in the capital’s centre are ready to welcome back customers after months of restructuring work in the heart of Nicosia has been completed. The developer in charge of the project delivered the avenue to Nicosia Municipality at noon on Tuesday. It is now open for people to stroll
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Booster shots are available to all adults over 18 from Wednesday, provided that six months have elapsed since they were fully vaccinated, with authorities reporting an uptick in COVID-19 jab rates. People over 18 who want the third dose of a COVID-19 jab can visit a walk-in vaccination centre or book their appointment online. They
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Cyprus can expect more bad weather this week after the Met Office issues a yellow warning for thunderstorms on Tuesday with the prospect of flash flooding. According to the announcement, isolated thunderstorms are expected across the island until the evening. Rainfall is expected to range between 35 and 50 millimetres per hour, while hail is
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Scientists advising the government on managing coronavirus are concerned about the increasing number of COVID-19 cases traced among children and young adults. The advisory team met on Monday to evaluate the spread of the virus in the community, with scientists focusing on a large number of clusters at schools and workplaces. According to a Health
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Police investigating the double murder of two Russian women at a holiday home in mountainous Kato Amiantos are not convinced by the Syrian suspect’s story or motives. The Syrian man, 32, is in police custody on suspicion of premeditated double murder after he admitted to committing the crime and showing authorities where he had buried
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Loan restructurings recorded a 400% increase in the first six months of the year, reaching €1.4 bln, Cyprus Central Bank Governor Constantinos Herodotou told MPs. Herodotou, addressing Monday’s House Finance Committee on the 2022 budget, said he would be against increasing interest rates as current high inflation is temporary. Moreover, an increase in rates would
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A scrappage scheme encouraging people to trade in their old banger for a greener vehicle saw 700 applications fly in within the first hours of going online, the Transport Ministry told the Financial Mirror. The Transport Ministry’s spokesperson, Margarita Kyriacou, said the ministry is pleased with the interest shown within the first seven hours of
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The government aspires to give Cypriots online access to public digital services from 2022 through a portal (gov.cy) constructed by the Deputy Ministry of Innovation and Digital Policy with UK expertise. Deputy Minister of Research Kyriakos Kokkinos said: “We aim to have in 2022 the public sector on one screen and to offer an easy
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Cryptocurrency Solana is once again likely to outperform both Bitcoin and Ethereum, the world’s two biggest digital currencies, in 2022, according to the CEO of a $12 bln financial giant. The bullish prediction from Nigel Green, chief executive and founder of deVere Group, a leading advisory and fintech, comes amid another sharp bearish dip for
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