Wall Street’s S&P 500 reached its first record close in more than two years on Friday, closing at 4,839.81 and surpassing the prior record close of 4,796.56 on January 3, 2022. Yet,
By Scott Hoyt – Moody’s Analytics U.S. household wealth has changed little over the last two years. In the middle of last year, it finally, if barely, rose above the peak it
By Moody’s Analytics Borrowing from the Federal Reserve’s emergency facility put in place after the failure of Silicon Valley Bank, the Bank Term Funding Programme, has risen sharply since late November. Just
A raucous debate in parliament this week brought to light the troubles that the Cyprus University of Technology (Tepak) faces, following years of misuse of funds, lack of transparency and some using
Italian ENI’s exploration in the “Cronos-2” target within Block 6 of Cyprus’ exclusive economic zone (EEZ) appears to have yielded positive results, as gas flaring reported from the drilling site indicates the
Cyprus expressed dissatisfaction on Friday over Moscow’s decision to deny entry to three government officials, perceived as payback for the deportation of a Russian embassy staffer and journalist in October for allegedly
By Craig Erlam UK retail sales fell sharply in December as consumers tightened their purse strings during what is normally a hugely important time of year for retailers. Any sense of optimism
Moody’s Investors Service has lowered the outlook on Government of Egypt to ‘negative’ from ‘stable’ mainly due to increasing risks and difficult macroeconomic and exchange rate rebalancing. The rating agency affirmed the
By Craig Erlam Stock markets were modestly higher on Thursday, recovering some of Wednesday’s losses as investors seemingly struggle to determine where things stand. There’s a desperate desire to cling on to
Cyprus is riding high as one of the top four European countries with the most cars per 1,000 residents. The numbers, released by Eurostat on Wednesday, affirm what many know already: Cypriots
