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Jan 17, 2025 | 
cyprus-mail.com | Theo Panayides |Elias Hazou |Gina Agapiou
The Gaza Strip ceasefire should begin on Sunday as planned, despite the need for negotiators to tie up a “loose end” at the last minute, U.S. Secretary of State Antony Blinken said on Thursday. With longstanding divisions apparent among ministers, Israel delayed cabinet meetings to ratify the ceasefire with Hamas, and media reports said voting could occur Friday or even Saturday, although the deal is expected to be approved.
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Jan 17, 2025 | 
cyprus-mail.com | Theo Panayides |Elias Hazou |Gina Agapiou |Kyriacos Nicolaou
The outlook for Cyprus tourism in 2025 is encouraging, with booking flows surpassing those of the previous year, according to president of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides. Michaelides stated that early bookings for 2025 are showing stronger interest compared to the same period in 2024. He explained that “while 2024 was considered a good year, the first half experienced sluggish booking activity from Cyprus’ key markets“.
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Jan 17, 2025 | 
cyprus-mail.com | Theo Panayides |Elias Hazou |Gina Agapiou
Several European and North American car factories are at risk of being closed or sold this year as automobile brands struggle with overcapacity and price competition, research and advisory firm Gartner (IT.N) said in a report on Thursday. Automakers will likely cut production capacity on the two continents in 2025 as they face emissions targets and tariffs, while China’s electric vehicle (EV) dominance will increase due to its edge in software and electrification, the firm said.
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Jan 16, 2025 | 
cyprus-mail.com | Theo Panayides |Elias Hazou |Gina Agapiou
The Bank of England will cut interest rates four times this year to support a flat-lining economy, economists polled by Reuters said, but they added that risks to inflation are to the upside, suggesting policymakers may end up doing less. Interest rate futures are pricing in only two reductions this year, and recent ructions in global bond markets underscore rising inflation concerns linked to US President-elect Donald Trump’s protectionist economic agenda.
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Jan 16, 2025 | 
cyprus-mail.com | Theo Panayides |Elias Hazou |Gina Agapiou
Top Republican officials at the US Securities and Exchange Commission are poised to begin overhauling the agency’s cryptocurrency policies potentially as early as next week when President-elect Donald Trump takes power, said three people briefed on the matter.
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Jan 16, 2025 | 
cyprus-mail.com | Theo Panayides |Elias Hazou |Gina Agapiou |Tom Cleaver
The Greek Cypriot side will approach Monday’s meeting with Turkish Cypriot leader Ersin Tatar with the goal of “results”, government spokesman Konstantinos Letymbiotis said on Thursday. He was asked whether results are expected from the meeting, which is set to focus on the matter of opening new crossing points between Cyprus’ two sides, and said, “we are approaching this with this goal and this perspective”.
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Jan 16, 2025 | 
cyprus-mail.com | Theo Panayides |Elias Hazou |Gina Agapiou
The unpaid tax debts of the football clubs are causing endless embarrassment to the government, which is paying for its inept handling of the matter. President Christodoulides, who made it be known a week ago that he had told the head of the Tax Department to prosecute the clubs that had failed to make payments by the end of year deadline, appears to be getting cold feet.
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Jan 16, 2025 | 
cyprus-mail.com | Theo Panayides |Elias Hazou |Gina Agapiou
Several journalists who are outspoken critics of U.S. support for Israel loudly lambasted U.S. Secretary of State Antony Blinken over the war in Gaza on Thursday, repeatedly interrupting his final press conference as he sought to defend his handling of the 15-month-old conflict.
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Jan 16, 2025 | 
cyprus-mail.com | Theo Panayides |Elias Hazou |Gina Agapiou
Israel’s hardline National Security Minister Itamar Ben-Gvir said on Thursday he would resign from Prime Minister Benjamin Netanyahu’s government if it ratifies the ceasefire deal in Gaza, which he has strongly opposed. Israeli media outlets reported earlier that the cabinet was expected to vote to ratify the agreement on Friday, but there has been no confirmation from the prime minister’s office.
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Jan 16, 2025 | 
cyprus-mail.com | Theo Panayides |Elias Hazou |Gina Agapiou
The Kremlin said on Thursday that Russia was ready to provide gas to Moldova’s breakaway Transdniestria region, but needed logistical support from Moldova to make that happen. Vadim Krasnoselsky, the leader of the separatist enclave supported by Moscow, said on Wednesday that he expected Transdniestria to receive Russian gas again soon. On Thursday, Moldova and the separatist region launched new accusations at each other, with a proposal collapsing to hold talks to tackle the energy crisis.
