Jet2 suspends flights until March at the earliest
Jet2 on Tuesday announced in a statement that all flights and holidays would be suspended until March 25 of this year.
“Due to the ongoing uncertainty and travel restrictions caused by ...
BOE closer to negative rates as UK economy worsens, pound falls
Negative interest rates could provide significant stimulus, a Bank of England official said on Monday; a move to negative rates is now expected by early February.
UK Chancellor of the ...
Cyprus economy is in a whipsaw — Economist
Conditions in the Cyprus economy inched a bit higher in December, according to the Cyprus Composite Leading Economic Index which is designed to provide early-warning signals of economic changes. But ...
Cyprus faces danger of ‘fiscal deterioration’ — Moody’s
Credit rating agency Moody’s on Monday warned that Cyprus faces the danger of ‘fiscal deterioration in a note released on Monday.
In a scenario where the recovery stalls or ...
Bahrain to open airspace to Qatar from Monday
Bahrain will open its airspace to Qatar as of January 11, the country’s civil aviation affairs authority said on Sunday, following a US-backed deal by Arab states last week to ...
Saudi Crown Prince launches zero-car, zero-carbon city
Saudi Arabia’s crown prince unveiled plans on Sunday to build a zero-car. zero-carbon city at NEOM, the first major construction project for the $500 billion flagship business zone aimed at ...
What level of debt is acceptable for your family?
As lockdown looms again, this is a time when many households are taking on more debt. Some cannot work during lockdown, others are simply working less and unable to earn ...
London banks face ‘weaponisation’ of EU access; ING, BNP Paribas move trading out
Britain’s future access to European Union financial markets must face the challenge of the “weaponisation” of equivalence (meaning access to EU markets), a UK banking official said. “Are you ...
Why bitcoin, now at $40,000, could reach $100,000 — analysts
The recent bitcoin rally has moved it back into the limelight once again. But there is far less heard about how it’s “unstable,” or “really has no value.”
On ...
Major advance in technology for self-driving cars from Sense Photonics
Sense Photonics has developed new detection technology that hits a key milestone required for self-driving cars, the laser sensor company said on Friday.
The company led by automotive industry veteran ...
Facebook and Twitter crackdown on Trump is too little, too late
By the time social media companies took action against users and groups spurring on the siege of Capitol Hill this week, culminating in the suspension of US President Donald Trump’...
Brexit can hit Cyprus food exporters to UK
Food producers in the EU and Europe have expressed alarm about the effect of certain terms in the Brexit deal reached at the end of last year.
Sainsbury’s has ...
EU may ask too high a price for financial services trade, BoE warns
Britain should not submit to the European Union’s financial services rules just to get better access to the bloc’s market after Brexit, Bank of England Governor Andrew Bailey ...
Cyprus recovery is in wait-and-see mode – Economist
“Cypriots are holding on to savings, collecting what they can thanks to the moratorium on loan payments through March, and waiting to see whether the vaccines will finally enable us ...
China International Import Expo brings Cyprus to China
An interview with LI Yaohui, Economic and Commercial counselor at the embassy of the People’s Republic of China in Cyprus, about the world’s first import-themed exhibition, which brings ...
Jet2 launches 2022 summer programme with flights to Cyprus
Jet2.com and Jet2holidays have placed their summer 2022 flight and holiday programmes on sale early, as customers are demanding to “”to get some much-needed sunshine booked into their diaries,” ...
Mediterranean Hospital, launches vaccinations certified by Cyprus blockchain app — Aretaeio to follow
The Mediterranean Hospital of Cyprus announced on Tuesday that it had vaccinated 100 doctors and personnel, and certified the vaccinations using the Cyprus-developed E-H Cert blockchain app.
The Aretaeio Hospital in ...
Oil tanker fleets to profit from increasing demand — Analysts
Rising demand for oil is expected to drive increases in tanker traffic in the coming year, analysts said.
Oil demand in the third quarter is estimated at 94 million barrels per ...
Wella CEO tells ‘rags to riches’ story
As a little girl who spoke no English when she moved to the United States from Taiwan, Annie Young-Scrivner learned early on about challenging times.
But the new CEO of ...
Goldman predicts boom for commodities
While last year’s strong rebound in many commodity prices might be viewed as a “V-shaped vaccine recovery”, the bank Goldman Sachs contends it is just “the beginning of a ...
Ryanair invests in new jets, forecasts ‘return to normal’
Flights completed in 2020
Ryanair 207,300
Turkish Airlines 145,700
Aeroflot Russian Airlines 135,900
Lufthansa 124,300
Air France 118,300
Ryanair was the largest airline in Europe in terms of the number of flights in 2020. According to a ...
Inovio to begin late-stage Covid-19 vaccine study in second quarter
Inovio Pharmaceuticals Inc expects to start a late-stage US study of its experimental Covid-19 vaccine candidate in the second quarter of 2021, the drug developer’s chief executive officer said on ...
Turkish inflation rises to 14.6% with lira at ₺9.13 to euro
Turkish inflation edged higher than expected to 14.6 per cent year-on-year in December as food costs jumped, official data showed on Monday, keeping pressure on the central bank for tight monetary ...
Qatar trade embargo to be lifted
A breakthrough has been reached in Qatar’s three-year-old dispute with Saudi Arabia and three other Arab countries and an agreement aimed at ending their rift is to be signed ...