TOURISM Nine countries ease travel advisories while officials weigh new support for struggling hotels. Photo credit: booking.com Cyprus tourism slumps as British demand drops and bookings fall 60% Dorita Yiannakou The main source of tourism for Cyprus is weakening this year. British travelers, who make up the country’s largest tourism market, are showing hesitation and caution because of geopolitical instability in the Eastern Mediterranean. READ MORE
Privatisation of Co-op may lead to the creation of a 'bad bank' The Finance Ministry deposited €2.5 billion in the CCB to allay fears over a bank run Newsroom / CNA 06/04/2018 | BUSINESS
Uber to suspend service in Greece after new legislation It operates a licensed service in Athens has faced opposition from local taxi drivers who accuse it of taking their business ... Source: Reuters 05/04/2018 | BUSINESS
UK diesel car sales slump by more than a third Sales were inflated in March last year, when customers brought forward purchases to beat a tax rise Source: Reuters 05/04/2018 | BUSINESS
J&P starts to pay workers again Saudi Arabia employees get paid but Cypriots have to wait a little longer Newsroom 05/04/2018 | BUSINESS
China retaliates for US tariffs, slaps duties on soybeans, planes, autos Beijing’s list of 25% additional tariffs on US goods to match the $50 billion targeted on Washington’s list Source: Reuters 04/04/2018 | BUSINESS
Cyprus Cooperative Bank gets €2.5 billion deposit Government boosts Co-op coffers as bidding investors contemplate options Newsroom / CNA 03/04/2018 | BUSINESS
Gross average monthly earnings begin to rise According to official data earnings were in negative territory for three years Newsroom 03/04/2018 | BUSINESS
Ukraine's Privatbank files $3 billion lawsuit against PwC subsidiaries Ukraine’s largest bank sues Ukrainian and Cypriot subsidiaries of international accounting firm PwC for alleged breaches Source: Reuters 02/04/2018 | BUSINESS
Strike-hit Air France expects 75% of flights to operate The flag carrier’s unions have called for action on Tuesday and on April 7 and plan further walkouts on April 10 and 11 Source: Reuters 02/04/2018 | BUSINESS
A majority of young Cypriots work weekends The figure of 36% is higher than the European average Newsroom 02/04/2018 | BUSINESS
