Analysis: Oil’s journey from worthless in the pandemic to $100 a barrel
In July 2020, just a few months after the COVID-19 pandemic started to spiral out of control, Shell CEO Ben van Beurden declared world oil demand may have passed its peak – ...
Ukraine’s government raises crypto worth $8 million in crowdfunding appeal
Ukraine’s government has raised almost $8 million in cryptocurrencies after posting appeals on social media for donations of bitcoin and other digital tokens, according to blockchain analysis company Elliptic.
Ukraine’...
EU tightens Russian sanctions and buys weapons for Ukraine
The European Union will tighten sanctions on Russia, target Russian ally Belarus with measures and fund weapons for Ukraine to help it defend itself against Russia’s invasion, top EU ...
As West rallies behind Ukraine, Putin puts nuclear deterrent on alert
President Vladimir Putin ordered his military command to put Russia’s nuclear deterrent on high alert on Sunday in the face of a huge Western response to his war on ...
Coronavirus: 2 deaths, 1,387 people test positive on Sunday
The health ministry announced that two people had died of Covid-19 and that 1,387 had tested positive from 93,207 PCR and rapid tests, a positivity rate of 1.49 per cent.
The deaths concerned ...
Europe and Canada move to close skies to Russian planes
European nations and Canada moved on Sunday to shut their airspace to Russian aircraft, an unprecedented step aimed at pressuring President Vladimir Putin to end his invasion of Ukraine, the ...
Ukraine: what to expect now
From occupation to thousands of refugees
Now that Russian President Vladimir Putin has invaded Ukraine and foreclosed his and everybody else’s other options, certain aspects of the near future ...
Google blocks Russia’s RT app downloads on Ukrainian territory
Alphabet Inc’s GOOGL.O Google has banned downloads of Russian state-owned media outlet RT’s mobile app on Ukrainian territory at the request of the government in Kyiv.
“In ...
Investors brace for volatility as West moves to cut Russia off from SWIFT
Investors were preparing on Saturday for more wild gyrations in asset prices after Western nations announced a harsh set of sanctions to punish Russia for its invasion of Ukraine, including ...
A SWIFT primer as West moves to freeze Russia out of international payments
The European Union, along with the United States and other Western partners, has announced further sanctions on Russia for its invasion of Ukraine, including cutting off a number of Russian ...
The impact of Russia’s invasion of Ukraine on global energy
In the aftermath of this crisis Europe will be even more determined to accelerate transition to renewables and clean energy
The unthinkable, and probably illogical, happened. Russia has finally invaded ...
Cyprus President to pay official visit to Saudi Arabia
Cyprus President Nicos Anastasiades departs for Riyadh, Saudi Arabia on Monday, where he will pay an official visit on March 1st. According to a press release from the Presidency, the ...
Conflict of interest and corruption: seeking an honest state
By Achilleas Demetriades
On February 23 I submitted my resignation from the post of president of the Human Rights Committee of the Cyprus Bar Association (CBA) during a Committee meeting. I ...
Ukraine lodges case against Russia at world court – Zelensky
Ukraine has filed a suit against Russia at the highest U.N. court in The Hague for disputes between states, President Volodymyr Zelensky said on Sunday.
It was unclear on ...
Tax department has the tools to address sources of wealth of politically exposed persons
Open letter to the Commissioner of Taxation
By Christos P. Panayiotides and Nicos G. Syrimis
Dear Mr Georgios Panteli,
A major problem has confronted Cyprus since 2004, the year in which ...
Saudi Aramco finds new gas fields in four regions – news agency
Saudi Aramco has discovered natural gas fields in four regions of the kingdom, the Saudi Press Agency reported on Sunday, citing Energy Minister Prince Abdulaziz bin Salman.
The fields were ...
Man who escaped police custody remanded for eight days
A 28-year-old man who fled from police custody in February and was recaptured over the weekend was remanded for eight days on Sunday at Paphos district court.
According to Paphos ...
Another ambitious plan for the local film industry
Amid a European shortage of film studios, one man plans to make Cyprus a studio hub
The film and TV industry is notorious – especially in Cyprus – for grandiose projects that ...
Germany to increase defence spending in response to ‘Putin’s war’ – Scholz
Chancellor Olaf Scholz said on Sunday Germany would sharply increase its spending on defence to more than 2% of its economic output in one of a series of policy shifts prompted ...
President Anastasiades greatly saddened over the death of Greek expatriates in Ukraine
President of the Republic Nicos Anastasiades has expressed “grave sadness” over the death of 10 members of the Greek community of Sartana in Ukraine during attacks by Russian forces.In a ...
Rising property prices a challenge for everyone
Public and private sectors need to work together to consolidate the real estate market
The steady increase in property prices is a serious challenge that has not been adequately addressed ...
Coronavirus: Free rapid testing sites for eligible groups on Monday
The ministry of health will operate 38 testing sites for free rapid tests for eligible groups on Monday.
in places where SafePass is required, individuals aged 6 and above must hold one ...
Greeks fleeing Ukraine could settle in Paphos, mayor suggests
Greek expats living in Ukraine’s Mariupol could settle in Paphos, the city’s mayor Phedonas Phedonos proposed on Sunday.
He suggested many Greeks living in Ukraine will be fleeing ...
Local entomologist on a mission to highlight the value of insects
Dung beetles – a fascinating subject. The insects recycle human and animal waste and thus are an important part of our lives – if they didn’t exist, we would have an ...