Cyprus Business Now
Unemployment in Cyprus rose by 1.9 per cent year-on-year in October, according to a report released on Thursday by the Cyprus Statistical Service (Cystat).
According to the report, based on the ...
Binance CEO sees no threat to crypto from central banks’ digital currencies
Plans by central banks to launch digital currencies are not a threat to other cryptocurrencies as they would validate blockchain technology and build trust among sceptics, the CEO of the ...
Robinhood posts smaller loss as higher rates boost margin trading business
Robinhood Inc (HOOD.O) posted a smaller-than-expected quarterly loss on Wednesday as the brokerage’s margin trading business benefited from rising interest rates, while increased volatility in the markets helped ...
Egypt private sector shrinks in Oct, business optimism at record low
Egypt’s non-oil private sector remained deep in contraction in October, the 23rd straight month of decline, a survey showed on Thursday.
The S&P Global Egypt Purchasing Managers’ ...
EAC unions say their ‘requests are now demands’
Electricity authority unions are set to decide whether they will begin strikes, after 90 per cent of members appear to be backing the move, it emerged on Thursday.
Kyriakos Tafounas, general ...
Our View: Don’t private school kids have as much right to study at the Cyprus University?
A law, in place since 2009, allows public universities to offer excess places to students with internationally recognized qualifications of access, such as the IB and A-levels. In the 13 years this ...
Qatar central bank raises deposit rate to 4.5 per cent
Qatar’s central bank said on Wednesday it will increase its interest rates by between 50 and 75 basis points, following the US Federal Reserve’s latest rate hike.
The Central Bank ...
Pelosi hammer attack suspect was in U.S. illegally, immigration officials say
The man charged with breaking into U.S. House Speaker Nancy Pelosi’s home and attacking her husband with a hammer is a Canadian citizen who was in the United ...
Woman, 30, critical after being hit by car
A 30-year-old woman was said to be in critical condition on Thursday evening after being run over by a car in Limassol.
The woman, from Hungary, was hit by a ...
Trump Organization to have independent monitor, judge rules
A New York state judge on Thursday ordered that an independent monitor be appointed to oversee the Trump Organization before a civil fraud case by the state’s attorney general ...
Cuba and U.S. spar over U.N. resolution calling to end embargo
U.S. President Joe Biden’s administration on Thursday voted against a U.N. General Assembly resolution calling for an end to the U.S. economic embargo on Cuba, leaving ...
House postpones vote on extending foreclosures freeze
Parliament on Thursday decided to postpone a planned vote on a legislative proposal that, if passed, would have extended by three more months a freeze on property foreclosures.
Voting on ...
Gesy budget must be reined in, new HIO chief says
Although the national health system faces many challenges it must be preserved at all costs, the new head of the Health Insurance Organisation (HIO) said on Thursday but he sounded ...
Man United win at Sociedad but face Europa play-off
Manchester United beat hosts Real Sociedad 1-0 on Thursday but the Spanish side finished top of Europa League Group E on goal difference and the English team will go into ...
French MP brings parliament to a halt by yelling ‘Go back to Africa’ to Black MP
France’s lower house of parliament suspended its session on Thursday after a far-right MP shouted, “Go back to Africa!” as a Black legislator from the far left asked a ...
Drivers’ licence applicants will be given option to sign up as blood donors
People applying for a driver’s licence will simultaneously be given the option to sign a consent form enrolling them as blood donors, under a law passed on Thursday.
On ...
Limassol stadium in limbo MPs hear
Lawmakers on Thursday voiced concern that the new Limassol stadium – costing taxpayers around €40 million – could remain idle, leaving the three local sports clubs without a venue.
Works at the stadium ...
In Bahrain, pope speaks out against death penalty and discrimination
Pope Francis spoke against the death penalty on Thursday at the start of a trip to Bahrain where the Shi’ite Muslim opposition accuse the Sunni monarchy of overseeing human ...
Upcoming festival looks at brave new humanity
November’s festivals are coming on thick and fast, and will soon include the Work in Process Festival (WIP) presented by the CYENS Centre of Excellence. With the 2022 title Brave ...
Nemesis exercise ‘aimed at strengthening multinational cooperation’
Defence Minister Charalambos Petrides said Cyprus was committed to upholding its responsibilities arising from oil and gas exploitation activities in the country’s Exclusive Economic Zone (EEZ).
Petrides’ comments came ...
State called to implement promises of flood protection for Larnaca
The construction of flood protection works for the Larnaca neighbourhoods of Kamares and Vergina were discussed by the House interior committee on Thursday, with MPs calling on the ministry to ...
Plaque with names unveiled to keep alive memory of the island’s missing
The government on Thursday sent a message to the international community to remind it of the need to clarify the fate the missing persons in Cyprus.
Speaking at the unveiling ...
Ieronymos of Athens in Cyprus to visit Archbishop Chrysostomos
Archbishop Ieronymos of Athens visited the island on Thursday to see the prelate of Cyprus church who has been in critical condition due to intestinal cancer.
The Athens archbishop arrived ...
Microsoft extends free tech support for Ukraine through 2023
Microsoft Corp (MSFT.O) said on Thursday it would extend technology support for Ukraine free of charge through 2023, as Russia’s invasion of the country drags on.
Microsoft said it ...