By Lukman Otunuga, Senior Research Analyst at FXTM The sentiment pendulum swung deeper into “risk-on” territory on Wednesday with Asian shares marching higher, as investors assessed the coronavirus outbreak against speculation around central bank’s loosening monetary policy. There seems to be a growing sense of optimism and hope that the worst of the coronavirus in
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Cyprus police have arrested the chairman of second division Cypriot football club Ayia Napa and an upcoming referee in connection with match-fixing. The duo appeared at Larnaca court on Wednesday where police requested, they be remanded in custody for eight days. Chairman of Ayia Napa FC, Demetris Masias, a former international referee and football agent,
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By Theodoros Mantis In recent years, the aim of the state has been to promote Cyprus as an attractive investment destination and as a credible business centre, through the attraction and establishment of foreign companies on the island. For these companies, the most important element for their development is the personnel, since they need specialised
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Cyprus is among Europe’s top 10 countries for using renewable energy sources for heating and cooling, latest Eurostat figures show. In 2018, renewable energy accounted for 21% of the total energy used for heating and cooling in the EU, it was much higher in Cyprus at 37%. Among EU countries Cyprus was eighth for using
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Cyprus was well below the 32% EU average for people reporting security-related incidents about their privacy when using the internet in 2019. In 2019, approximately 1 in 3 EU citizens aged 16 to 74 reported security-related incidents when using the internet for private purposes in the last 12 months. For Cyprus (21%) the ratio was
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A Cypriot researcher is part of the ESA/NASA space agencies Solar Orbiter mission team aiming to unlock the mysteries of the Sun and learn how its power affects planets. Dr Georgios Nicolaou, member of the Cyprus Space Exploration Organisation (CSEO) talked to CNA about his role, as well as the importance of this mission, which
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Hoping to blast Turkish Cypriot leader Mustafa Akinci out of the leadership race Turkey Foreign Minister Mevlut Cavusoglu chose the nuclear option when branding him “untrustworthy” and a “supporter of terrorism”. Highlighting the Turkish Cypriot leader’s rift with Ankara, Cavusoglu said that he “had never worked with such an untrustworthy politician as Mustafa Akinci”. These
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A Chinese woman suspected of contracting the novel Coronavirus when arriving in Cyprus after a trip to China was said to be in the clear as her tests came back negative. The Health Ministry announced that: “The patient, whose clinical status has improved, will remain hospitalised for precautionary reasons”. The woman had a high fever
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Italian naval frigate Virginio Fasan was docked in Larnaca this week while on operation in the Eastern Mediterranean for presence and surveillance activities. A statement by the Italian embassy in Nicosia said the frigate is conducting patrolling operations in compliance with international law and to safeguard national interests. The ships also conducted a joint military
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By Hussein Sayed, Chief Market Strategist at FXTM Brent crude set a new 13-month low on Monday of around $53.11 on news that potentially deeper OPEC+ cuts may not occur soon. The spreads in the futures markets are signaling weaker demand, with the discount on spot prices widening further. This year, Brent crude has dropped
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