Market mood uplift on renewed peace talks

By Lukman Otunuga, Senior Research Analyst at FXTM A sense of positivity returned to financial markets Tuesday as the prospects of more ceasefire talks between Russia and Ukraine soothed investor jitters. Asian

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Egypt-Cyprus electrical link costs €1 bln

Energy Minister Natasa Pilides told Daily News Egypt the cost of the EuroAfrica interconnector project costs €2.5 bln, including €1.5 bln to connect Crete with Cyprus and €1 bln to connect the

A decent start to the week

By Craig Erlam European markets started the week on a positive note, with indices up close to 1% on Monday on the back of softer commodity prices and confirmed talks between Ukraine

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EU wants golden passports recalled

The European Commission called on member states to immediately end any existing investor citizenship schemes and withdraw citizenships granted to Russians or Belarusians sanctioned over Ukraine. Commission spokesperson Annita Hipper said Monday that

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New household debt crisis looms

Economists fear that hiking inflation now being fed by the war in Ukraine could trigger another debt crisis on the island as households struggle to pay off their loans. According to CyStat