The saga of Archegos Capital Management brought to surface lessons that should have been learned a long time ago. Archegos, meaning ‘leader’ in Greek, was forced to liquidate its portfolio at a loss to cover its margin call. Apparently, it was poorly managed and diversified considering its huge size. Credit Suisse, Nomura and others face
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Cyprus reported a mild increase in new coronavirus cases to 470 on Sunday, with the number of patients treated for COVID-19 also on the up, rising to 225 and nearing the national health system’s bed capacity. The health ministry said that new cases rose from 446 to 470, as the past week has seen general
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Cyprus has the thankless task of trying to persuade Europe that Turkey is a regional bullyboy which cannot be trusted no matter how important the country strategically. Nicosia often sounds like the crazed jilted lover with its register of complaints against Turkey, rolled out whenever it gets the chance on the international stage. European leaders
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Cyprus’ film industry has crept its way into the dark genre of horror film in another Olivewood milestone, as the first scary movie shot on location, the Ghosts of Monday, is set to premiere this summer. Thrilled over what Cyprus had to offer, filmmakers of a spookier genre, producers, directors, and actors in Olivewood’s first
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Municipal authorities in Cyprus are reluctant to implement a “pay as you throw” tax scheme on waste, promoted by the government, in an effort to meet its EU environmental targets by encouraging more recycling. The programme has already been introduced in Aglantzia, where citizens can now dispose of their garbage only in prepaid bags sold
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By Dr Tassos Anastasiades As a leading European country, Cyprus is ready for innovation in education. Dr Charalambos Vrasidas, Dr Sotiris Themistokleous and the Centre for the Advancement of Research & Development in Educational Technology (CARDET) reported that Cyprus made significant progress implementing the 2030 Agenda. Providing quality education underpins all targets’ successful implementation, developing
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Cyprus reported a second successive drop in new coronavirus cases on Saturday, down to 446 from 601 the day before, but four deaths were recorded. The Health Ministry said four deaths were attributed to COVID-19, with the April toll rising to 16 and the 13-month total at 272. To date, 179 men have died (66%)
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A landmark European court decision ruled this week that compulsory vaccinations for children are “necessary in a democratic society”, resolving once and for all the rights of society supersede those of the individual on national health issues. After all, the current coronavirus pandemic has shown that public health is also a primary national security matter.
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Brussels could fine Cyprus for failing to adopt an EU directive into law for not banning single-use plastic items on time. Cyprus is hampering the bloc’s 10-year war on single-use plastic items, says Cyprus Greens MP Charalambous Theopemptou, as the country is nowhere near adopting the relative legislation. “Although the deadline is in July, we
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Who would have thought that religion would become a source of tourism to the extent that it has developed? Russian, Ukrainian, Egyptian (Copts) and other Orthodox countries have shown an increased interest in Cyprus based partly on religion. We are now experiencing increased interest mainly by Russians and Russian-speaking tourists from Eastern Europe. It seems
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