Cyprus is entering winter mode, following a long, hot dry summer with the highest mountainous areas soon seeing the first snow of the season. The Cyprus Met Office said the island is well overdue for some winter weather with more rain and possibly snow at the top of Troodos Mountain forecast. In comments to the
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Through its actions, Turkey is turning into a destabilizing factor for the region and undermines NATO cohesion at a crucial time, Greek Foreign Minister Nikos Dendias told NATO Secretary-General Jens Stoltenberg. The two men spoke over the phone on Thursday, ahead of a meeting of the Alliance’s Foreign Ministers, early next month. According to Greek
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By Han Tan, Market Analyst at FXTM Asian stocks are mostly higher on Friday, while US equity futures are also pointing north, as risk appetite tries to overcome concerns over the efficacy of AstraZeneca’s Covid-19 vaccine. Investor confidence had been shaken after learning about the manufacturing error in the drugmaker’s vaccine trials, prompting Thursday declines
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The European Bank for Reconstruction and Development (EBRD) will end its engagement in Cyprus at the end of 2020 after completing a six-year mandate in which it invested about €600 mln. The end of the EBRD’s mandate means the bank will stop investing in new projects on the island but will continue to manage an
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President Nicos Anastasiades is meeting the scientific advisory committee Friday followed by a Cabinet session to endorse fresh measures to stem a resurgence of the coronavirus. Health Minister Constantinos Ioannou is expected to announce the measures at Nicosia General hospital at noon. The measures will be decided under the weight of the ever-increasing number of
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Emergency support launched by the government amid the coronavirus pandemic saved thousands of jobs and businesses, Labour Minister Zeta Emilianidou said. “Our strategic goal at this stage is to tackle the consequences of the pandemic and that is why we are supporting employment to avert a rise in unemployment,” Emilianidou told MPs when presenting the
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Cyprus announced one more death on Thursday, a man aged 84 with underlying issues, raising the death toll since the pandemic started to 48, as the government prepares to announce new measures on Friday morning, possibly a gradual lifting of lockdown measures. The elderly man was being treated at the Covid-referral clinic of the Famagusta
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Unemployment in the third quarter reached 8.2% compared to 6.7% in the same quarter of 2019, official data showed Thursday. “The labour force in Q3 2020 amounted to 452,154 or 62.9% of the population (males 70%, females 56.4%) compared to 447,206 persons (63%) in Q3 2019,” CyStat said. The number of those employed was 414,920
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Retailers are turning to online sales to make the most of the few opportunities left, unable to lure consumers to brick and mortar shops, especially after the coronavirus has almost cancelled Christmas this year. But come this (Black) Friday, selling online will – for anything other than essentials – be the only game in town,
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By Hussein Sayed, Chief Market Strategist at FXTM Equity markets have had a remarkable rally in November with three promising coronavirus vaccines due to see the light. US equities reached new highs on Tuesday with the Dow Jones Industrial Average breaching 30,000 for the first time, having added 12.7% month-to-date. The UK’s FTSE 100 performed
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