Mavroyiannis stakes claim for president

Former Cyprus problem chief negotiator Andreas Mavroyiannis launched his campaign to become president, calling on Cypriots to back his independent candidacy, promising a progressive change in power. Mavroyiannis’ announcement is no surprise,

Markets crippled by inflation fears

By Lukman Otunuga, Senior Research Analyst at FXTM Another wave of risk aversion engulfed markets Tuesday morning after Wall Street closed in a bear market overnight and Treasury yields jumped to levels

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Warning for summer storms

Cyprus should expect thunderstorms inland and, on the coast, with heavy rain in some areas and hailstones on Tuesday, according to a Met Office yellow warning for extreme weather conditions. The alert

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The bears come out to play

By Jeffrey Halley  Things didn’t improve from overnight in New York, as the market scrambled to price in a 0.75% by the FOMC, whose two-day meeting starts Tuesday. Among the biggest casualties

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‘Genesis’ rains mark floods’ festival

Rains from the aptly named ‘Genesis’ weather front disrupted the traditional ‘kataklysmos’ on Monday, celebrating the biblical floods and marked mainly along Larnaca’s palm-lined promenade. A cold weather front, continuation of the

Black Monday in Asia on China risks

By Jeffrey Halley  It is turning into a Black Monday in Asia after US and European equity markets were pummelled on Friday, as China risks also rise again. Oil retreated again Monday

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