By Lukman Otunuga, Senior Research Analyst at FXTM Asian shares and US equity futures flashed red Tuesday morning despite the overnight rally on Wall Street. Investors seem to be on edge, adopting
Some 15,000 Ukrainian refugees fleeing from Russia’s invasion have found refuge in Cyprus, with migrant flows from the conflict continuing. Since the start of the war on 24 February and up until
Cypriot motorists are in for a financial jolt as petrol station owners warn that pump prices will hit €2 per litre as consumer groups scream profiteering. In comments to Astra Radio, the
The European Commission has underlined the need for Cyprus to reduce its reliance on fossil fuels and accelerate the development of renewables. Its European Semester for 2022 called on Nicosia to develop
President Nicos Anastasiades has told Brussels that sanctions on Russia should not have a bigger impact on EU member states than on Moscow. He took part in a videoconference on Monday, convened by European
By Jeffrey Halley Snap, Crackle, Pop! may bring back memories of breakfast cereals, but for Snap Inc their quarterly guidance was more of a dog’s breakfast. Snap’s stock price went snap, crackle,
The Central Bank has confirmed that its counterpart in Lebanon has decided to close the branches of Lebanese banks in Cyprus. Sources confirmed to CNA that the Lebanese Central Bank had closed
The Italian-French consortium Eni-Total has commenced new exploratory drilling for natural gas at Cronos-1 within Block 6 of Cyprus’ exclusive economic zone, the Energy Ministry announced. The ministry said the Tungsten Explorer
The United Nations Peacekeeping Force in Cyprus (UNFICYP) has condemned an attack by unidentified perpetrators against a UN patrol vehicle in the Nicosia buffer zone. UNFICYP said the incident occurred at around
Supermarkets expect no goods shortages as the Ukraine war has not created dents in Cyprus’ supply chain, while competition is keeping prices in check. The executive secretary of the Pancyprian Supermarkets Association,
