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1831. COVID-19 is adding new impetus to finance transformation

1832. Smoothening the cliff edge in EU-UK relations

The Trade and Cooperation Agreement (TCA) between the United Kingdom and the European Union came into effect on January 1, 2021, capping a tumultuous four-and-a-half-year period since the shocking result of the July 2016 Brexit referendum, in which 51.9% of the British voters voted in favor of leaving the EU. Subject to the delayed assent of the European Parliament, this UK-EU free trade agreement (FTA) extends zero-tariff and quota-free trade in goods between the two economic areas....

1833. Your gateway to global investment opportunities

In the past, having resolved to ‘save for a rainy day’ financial well being, for many, took care of itself and your life’s goal was aided by interest earned on those monies, which saw your money working for you but the equation today is not so simple...

1834. Pfizer suggests vaccine can beat mutations

Pfizer Inc and BioNTech’s COVID-19 vaccine appeared to work against a key mutation in the highly transmissible new variants of the coronavirus discovered in the UK and South Africa, according to a laboratory study conducted by the US drugmaker...

1835. Cyprus, US officials mark 'watershed' moment in bilateral relations

Cypriot Foreign Minister Nicos Christodoulides and acting US Secretary of Homeland Security Chad Wolf attended the groundbreaking ceremony of the Cyprus Center for Land, Open-Seas and Port Security (CYCLOPS) took place in Larnaca on Monday, with the two officials lauding the strong partnership between Cyprus and the US as well as the crucial role that the training center will play in the region....

1836. US Homeland Security secretary in Cyprus for two-day visit

US Acting Secretary of Homeland Security Chad Wolf was expected for a two-day visit in Cyprus starting on Monday, before heading off to Bahrain and Qatar for talks with regional counterparts on bolstering security cooperation and information sharing....

1837. Ankara wants Lausanne Treaty change

Reiterating a call frequently made by Turkish leaders, Turkey’s Energy Minister Fatih Donmez raised the issue of renegotiating the Lausanne Treaty of 1923, which set out the modern borders between Greece and Turkey....

1838. Cyprus remains an attractive investment destination

Cyprus remains an attractive investment destination, especially among established investors ...

1839. The Greek scientist developing 6G

At the moment Greece is unveiling the 5G communications network, on the opposite end of Europe, a Greek professor, a communications engineer, is getting a grant from the European Research Council to develop 6G....

1840. 5G bidding process wraps up, first licences in January 2021

The bidding process of the 5G frequencies auction wrapped up smoothly on Thursday, with the first licences expected to be distributed in January 2021, a press release by the Deputy Ministry of Research, Innovation and Digital Policy, said....

1841. Cyprus to launch 5G frequencies auction

In 2021, according to the most optimistic scenarios, Cyprus will enter the constellation of 5G networks, with the frequencies auction set to begin on Thursday....

1842. EY Cyprus sponsors 3rd Anti-Fraud Conference

EY Cyprus has, once again, sponsored and participated in the 3rd Cyprus Anti-Fraud Conference, which was organised by IMH and the Cyprus Chapter of the Association of Certified Fraud Examiners (ACFE). The event was held online on Tuesday 15th December...

1843. Cyprus energy designs unaffected by Turkey's provations, President says

Cyprus President Nicos Anastasiades said Tuesday that that the Republic, as a sovereign and independent state and despite Turkey’s provocations, threats and illegal activities, is determined to go ahead with the implementation of its energy policy....

1844. Bomb goes off ahead of 5G auction

An explosion took place outside a CYTA branch in Limassol with media speculating the attack could be linked to an upcoming announcement this week over 5G contracts...

1845. Tougher measures to affect schools and tutoring businesses

The tougher measures to come into effect on Friday will effect schools and after-school tutoring businesses....

1846. COVID-19 to disrupt holiday shopping plans

1847. No ‘cold turkey’ route as EU ministers meet

No big steps are expected Monday as EU foreign ministers meet to evaluate possible sanctions against Turkey, laying the groundwork for a more substantive debate between EU leaders later in the week...

1848. Cat-and-mouse game with Turkey must stop, Michel says

A game of “cat-and-mouse” between the European Union and Turkey needs to come to an end, European Council President Charles Michel said on Friday, in reference to a dispute over natural gas resources in the Eastern Mediterranean....

1849. Disconnect on ethical AI priorities between public and private sectors

In the survey of 71 policymakers and more than 280 global organizations, respondents ranked ethical principles by importance for 12 different AI use cases, and sentiment was measured around the risk and regulation of AI...

1850. Cypriot police scolded again over spy van

The Supreme Court in the Republic of Cyprus has recalled an arrest warrant for Avraham Shahak Avni, a Jewish community leader who is implicated in the spy van probe, ruling that police had no reasonable basis to detain a man who had been otherwise cooperating with authorities from the get-go...

1851. Moderna to seek US, EU authorization for vaccine on Monday

Moderna Inc will apply for US and European emergency authorization for its Covid-19 vaccine on Monday after full results from a late-stage study showed it was 94.1% effective with no serious safety concerns, the company said....

1852. Global IPO activity rebounds sharply

Q3 2020 bucked the traditionally slow IPO period as travel slowed, work from home and the markets were awash in liquidity resulting in the most active third quarter in the last 20 years by proceeds, and the second highest third quarter by deal numbers...

1853. Relaxation of measures for Limassol, Paphos high schools

Secondary and technical schools in the Limassol and Paphos district will reopen their doors to students on November 30, the education ministry said Friday...

1854. KPMG survey: companies see climate change as financial risk but disclosure quality must improve

56% of the world’s 250 largest companies (G250) now acknowledge climate change as a financial risk to their business in their corporate reporting, according to a new KPMG International survey, which also revealed that the quality of climate-related risk disclosures among these companies needs to improve...

1855. Experts assist in Cyprus' spy van probe

Following months of sluggish investigation into Cyprus’ spy van, police investigators are reportedly in the process of drafting their final report while another expert is due to arrive on the island to lend a hand...

1856. Greece, UAE commit to mutual defense assistance

The mutual defense assistance clause, activated in the event that one of the two countries’ territorial integrity is threatened, is probably the most important part of the defense and foreign policy cooperation agreement signed by Greece and the United Arab Emirates (UAE) last week, according to sources with inside information....

1857. EU could pay over $10 billion for Pfizer and CureVac vaccines

The European Union could pay more than $10 billion to secure hundreds of millions of doses of the vaccine candidates being developed by Pfizer-BioNTech and CureVac, an EU official involved in the talks told Reuters....

1858. Cyprus draws up coronavirus vaccination strategy

The health ministry said Thursday that a plan has been drawn up for the vaccination of the Cyprus public against coronavirus, noting that in cooperation with the government’s coronavirus expert task force, groups to get vaccinated first were determined on the basis of an algorithm....

1859. Scientists warn against rapid test self-checking

The rapid antigen tests that the health ministry recently stocked up on in its battle against time to detect coronavirus cases among Cyprus employees require careful handling....

1860. Pfizer ends Covid-19 trial with 95% efficacy

Pfizer Inc said on Wednesday that final results from the late-stage trial of its Covid-19 vaccine show it was 95% effective, adding it had the required two-months of safety data and would apply for emergency US authorization within days....