EAC confirms new electricity bills will burn

The Cyprus Electricity Authority’s pricing plans are ready to be approved by the Energy Regulator, with households expected to pay 25% more on their bills. EAC spokesperson Christina Papadopoulou told CNA on

Recession fears, US CPI in focus

By Lukman Otunuga, Senior Research Analyst at FXTM Asian shares were a sea of red on Tuesday as recession fears and China’s renewed Covid-19 outbreak smothered appetite for risk. Overnight, Wall Street’s

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Germany blows whistle on fake halloumi

German authorities have caught Cypriot cheesemakers exporting Halloumi products that do not meet the required EU standards under its PDO (Product of Designated Origin), increasing fears Cyprus could lose its flagship export.

Struggling for parity

By Jeffrey Halley    Things are looking messy, especially in Forex Land where the Euro is within a hair’s breadth of trading at parity with the US Dollar Tuesday morning. Overnight, the single

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