The depressing truth behind our ‘economic growth’
Intergenerational inequalities have been exacerbated by government policies that favour the rich By Les Manison The current Cyprus government continues to advertise its “successful” economic
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UK stocks shrug off May’s exit, but Brexit risk lurks
Britain’s FTSE 100 held its gains on Friday after Prime Minister Theresa May announced her resignation date as head of her party in a widely
British Airways to resume Pakistan flights next week after a decade
British Airways will resume flights to Pakistan next week a decade after it suspended operations following a major hotel bombing, becoming the first Western airline
Veteran auto boss joins board of self-driving software startup
A company working to make open-source self-driving software reliable enough to be used in commercially available vehicles said it had hired a former German car
Cyprus-Egypt electricity framework agreement signed
A framework agreement has been signed in Cairo for the construction and commissioning of the EuroAfrica Interconnector which will link the electricity networks of Egypt
Chip designer ARM halts work with Huawei after US ban
British chip designer ARM has halted relations with Huawei in order to comply with a United States blockade of the company, potentially crippling the Chinese
Prepare for difficult times, China’s Xi urges as trade war simmers
China must prepare for difficult times as the international situation is increasingly complex, President Xi Jinping said in comments carried by state media on Wednesday,
British Steel to be put into administration (Updated)
British Steel, the country’s second largest steel producer, will be placed into administration as early as Wednesday, Sky News reported, jeopardising some 25,000 jobs. Administrators
Eight offshore drills for hydrocarbons over next 24 months
Cyprus plans to carry out eight offshore drills for hydrocarbons over the next 24 months, the government revealed on Tuesday. “Activities within the Exclusive Economic
Highest electricity price rise in EU
Cyprus registered the highest increase in household electricity prices in the EU between the second half of 2017 and the second half of 2018, Eurostat
Jamie Oliver’s UK restaurant chain goes into administration
British celebrity chef Jamie Oliver’s restaurant chain said it was entering administration on Tuesday, threatening jobs at the firm’s 25 sites in the United Kingdom.
DBRS: Cyprus faces significant credit challenges
DBRS rating agency has said that Cyprus faces significant credit challenges related to its still sizable non-performing exposures (NPEs) in the banking sector, high levels
Ryanair profit hits 4-year low as ‘fare wars’ bite
By Conor Humphries – Ryanair reported its weakest annual profit in four years on Monday and said earnings could fall further as European airlines wage what Chief
Finance Minister satisfied with confirmation of Cyprus’ credit rating by DBRS
Finance Minister, Harris Georgiades, said on Sunday that the confirmation of Cyprus’ credit rating by Canadian rating agency DBRS was a positive development. DBRS confirmed
DBRS confirms Cyprus at BBB (low), Stable Trend
DBRS Ratings Limited (DBRS) has confirmed Cyprus’ Long-Term Foreign and Local Currency – Issuer Ratings at BBB (low). At the same time, DBRS confirmed Cyprus’
Moneyval officials in Cyprus for financial-sector review
A team from the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, also known as Moneyval, arrived in
Record arrivals in April
Contrary to what was expected, tourist arrivals rose by 4.8 per cent in April compared to last year, a new record. Arrivals from the UK
‘Cyprus a regional hub of business excellence’
President of the House Demetris Syllouris said on Friday that the Cypriot economy was expanding outwards as a regional hub of business excellence. “Although Cyprus’
EEZ incursion prevents any hopes of talks, president tells UN
Turkey’s violation of the Republic’s sovereign rights in its exclusive economic zone (EEZ) prevents the resumption of peace negotiations, president Nicos Anastasiades told the UN
UK minister ‘frustrated’ by criticism of EEZ comments
British Minister for Europe Sir Alan Duncan has expressed his frustration over the intense criticism addressed personally to him by Nicosia for comments he made