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1261. Rain and cooler weather on the way

Fair skies are expected in the early part of the week while a noticeable drop in temperature along with showers and thunderstorms will enter the picture after mid-week as a cold front from Europe heads east...

1262. Cyprus places vaccine rollout hopes on AstraZeneca approval

A steady flow of the required number of vaccines depends on the EU’s approval of the AstraZeneca coronavirus vaccine, the Cypriot Health Minister Constantinos Ioannou said Friday. ...

1263. Vaccination slots this week booked solid

Vaccinations for those aged of 80 began on Tuesday after vaccinations for the first priority group – healthcare workers dealing with coronavirus patients and nursing home workers and residents – successfully wrapped up on Monday, with the health ministry announcing that time-slots are already booked solid....

1264. Quarantine hairstylist says he broke no laws

A hairstylist who tested positive for COVID-19 and suffered the wrath of the press after police cited him for violating health protocols says he did not break any laws, with police urging the public to remain vigilant in the fight against the spread of the virus...

1265. Cyprus’ passport probe dispute widens

Cypriot President Nicos Anastasiades and DIKO party leader Nicholas Papadopoulos took their disagreement over probing golden passports to a whole new level this week, while questions remained over the independent committee’s reassurances of transparency in the investigation...

1266. Cyprus remains an attractive investment destination

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

1267. Police in the dark over Kolossi fight

Police investigators remain in the dark over a violent confrontation with political undertones in Limassol on Wednesday, with reports saying an army captain in remanded custody is refusing to cooperate with law enforcement authorities...

1268. Industrial/Logistics most attractive post COVID-19

Following the breakout of the COVID-19 pandemic, the Industrial/Logistics asset class has presently become the most attractive financing option for a majority of banks in Central & Eastern Europe, according to the results from the latest edition of KPMG’s Property Lending Barometer...

1269. Blame game in full swing after budget vote

The government in the Republic of Cyprus faced an unprecedented challenge on Thursday, after failing to pass a 2021 budget in the House, with lawmakers approving stopgap measures to keep making payments for the next couple of months...

1270. Cyprus to begin vaccinations on December 27

Vaccinations in Cyprus will begin in unison with other EU member states on December 27 following approval by the European Medicines Agency (EMA)....

1271. State budget battles rage on in Cyprus

Ruling party DYSI has been mounting a campaign over the last 24 hours to secure votes to pass the state budget, which is up in the air over golden passport probe wars, with added pressure also causing rifts even within smaller parties...

1272. 15 days of hell in Varosha in the summer of '74

Varosha. August 19, 1974. Appartments, Block 10, apartment 2. There lived Michalakis Hadjipavlou, 30 years old, with his wife, Xenia Hadipavlou, aged 25, and two of their three children. Their firstborn, four-year-old Thomas, and two-year-old Marios, while their three-year-old daughter Maria was at a friend’s house in Larnaca....

1273. Police focus on Larnaca in passport probe

Police in Larnaca carried out searches on Tuesday in connection with an ongoing criminal probe into golden passports, with reports saying investigators were focusing on at least five persons of interest but were not calling them suspects...

1274. Turkey’s defence industry to go it alone

US Senator Robert Menendez says he is not worried about retaliation from Turkey after Washington imposed sanctions on Ankara, with officials in Turkey warning further development of their domestic defence industry could speed up as a result...

1275. AstraZeneca hitches ride with Russia's Sputnik in vaccine race

AstraZeneca will start clinical trials to test a combination of its experimental Covid-19 vaccine with Russia's Sputnik V shot aimed at boosting the efficacy of the British drugmaker's vaccine, Russia's sovereign wealth fund said on Friday....

1276. Cyprus parliament approves legislation for social enterprises

Parliament on Thursday passed into law a bill allowing social enterprises to be set up in the Republic of Cyprus....

1277. COVID-19 to disrupt holiday shopping plans

1278. Disturbing details emerge after school attack

Police said they were investigating an attempted murder case in Limassol after a middle school was attacked by a teen using a hammer, with reports saying the incident was preceded by a feud during online gaming...

1279. Student hospitalized with cracked skull after attack with hammer

A 13-year-old student of a Limassol private school was rushed to the Limassol general hospital on Monday morning after he was hit on the head with a hammer by a 15-year-old student of another school....

1280. State budget up in the air over golden passports

Opposition parties are cranking up the pressure on Interior Minister Nikos Nouris, who has been refusing to hand over files in connection with the golden passports scandal, with the Democratic Party making good on its promise not to vote the state budget later this month if there is no transparency...

1281. 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...

1282. KPMG survey shows biodiversity-related risk remains under-reported

While it is notable that 80% of the world’s 250 largest companies now report on sustainability, biodiversity-related risk remains significantly under-reported by the global business community...

1283. 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...

1284. EU criticizes 'hasty' UK approval of Covid-19 vaccine

The European Union criticised Britain's rapid approval of Pfizer and BioNTech's Covid-19 vaccine on Wednesday, saying its own procedure was more thorough, after Britain became the first western country to endorse a Covid-19 shot....

1285. Lute in Cyprus to test the waters for new CyProb process

The UN Secretary General’s special envoy, Jane Holl Lute, met with the head of the UN peacekeeping force in Cyprus, Elizabeth Spehar, in Nicosia on Monday morning, ahead of the separate meetings with the island’s two leaders scheduled for Tuesday....

1286. 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...

1287. Bishop apologises over reporter incident

Bishop Nikiforos of Kykkos, who told a reporter to “shut up” on Wednesday as cameras were rolling, has issued an apology, saying he regretted his behaviour, with the incident revealing tensions remain high over the Ukrainian issue...

1288. Safe business and digitalisation in maritime

1289. Woman jailed for strangling mother-in-law

A woman in Nicosia has been sentenced to eight years in prison on attempted murder charges, after she tried to strangle her mother-in-law whom she held responsible for ruining her marriage to her son...

1290. 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...