Dollar braces for data-heavy week

By Lukman Otunuga, Senior Market Analyst at FXTM Chinese stocks paved the way higher for Asian shares on Tuesday as optimism from China’s measures to cut stamp duty boosted risk appetite. European

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Electricity bills rise 109% in three years

Households have seen their power bills more than double since 2020, as Cyprus has become the seventh most expensive in the European Union for electricity. Based on official data from the Cyprus

Minor storm damage caused

Minor problems were caused by summer thunderstorms on Monday evening, which needed the response of the Fire Service and the Electricity Authority of Cyprus (EAC), officials said. Emergency teams were called out to repair

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President hopes for talks momentum in September

President Nikos Christodoulides hopes that at next month’s UN General Assembly in New York, there will be developments in resuming Cyprus reunification talks from where they collapsed in 2017 at Crans Montana. Addressing an

Government condemns attacks on migrants

The government has condemned violent outbreaks in Chlorakas, Paphos, following a demonstration against the community’s “ghettoisation” that turned hostile. Government spokesperson Constantinos Letymbiotis said Monday: “We cannot but condemn the incidents that

Price increases for most staple foods

In July, the Prices Observatory conducted by the Consumer Protection Service (CPS) recorded increased prices for 32 out of 45 categories of staple foods. There were price deductions for 13 staple food categories. However,

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Warning for summer storms

Cyprus is bracing for a summer downpour as local storms are expected across the island on Monday, warned the Met Office. A yellow weather warning was issued by the Met Office warning

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UN chief focused on Cyprus

Senior UN official Miroslav Jenča said everything is being done to break the six-year deadlock and help the sides resume Cyprus negotiations. He met President Nikos Christodoulides in Nicosia on Monday to

Nicosia hopes for Aphrodite plan compromise

Cyprus rejected Chevron’s plan to develop the island’s offshore Aphrodite natural gas field, but Energy Minister George Papanastasiou is hopeful a compromise can be found. Papanastasiou told Bloomberg that the concerned parties

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