By Craig Erlam Equity markets are bouncing back on Tuesday after a risk-averse start to the week, buoyed perhaps by some promising Fed commentary on Monday. It would appear the recent surge in bond yields hasn’t gone unnoticed at the U.S. central bank, to the extent that Federal Reserve officials are coming across as less
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Cyprus airports witnessed bumper traffic flows for September, as passenger numbers exceeded one million for the fifth consecutive month. According to data issued by the Cyprus Statistical Services, in September, passengers that went through the island’s two airports were 1.3 million, compared to 1.1 million in September 2022, marking an 18.9% increase. Compared to the
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Total motor vehicle registrations rose 35% in September to 4,607 from 3,412 last year, while passenger saloon car sales increased 35.9% to 3,722 from 2,738, Statistical Service data shows. During the nine months of January-September, the total of registered vehicles increased by 29.0% to 34,280, compared to 26,581 during the same period in 2022. The
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The Foreign Ministry said Tuesday that Cyprus has activated its humanitarian rescue mechanism to provide a safe transfer hub for foreign nationals evacuated from Israel after the shock attack by Hamas militants and the ensuing war. A ministry statement said, “In view of the current security situation in Israel following the extensive terrorist attacks”, Foreign
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Oil prices surged by 5% following Hamas’ unexpected attack on Israel over the weekend, but investors need to avoid knee-jerk reactions, warned the CEO of a leading independent financial advisory and fintech. The warning from Nigel Green of deVere Group came as investors digest the news that the Palestinian Islamist group Hamas on Saturday launched
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The island is considered the largest ship management centre in Europe and one of the biggest in the world, President Nikos Christodoulides told the Maritime Cyprus 2023 Conference in Limassol. In his opening address, the President said that his presence underlines the importance the government attaches to shipping and the blue economy as a main driver of economic
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State hospitals enjoy the trust of Cypriot patients as they rate healthcare services with an overall rating of 8.8 out of 10, announced the Health Insurance Organisation. To continue improving the quality of services provided, the HIO has conducted a survey on in-hospital healthcare services provided to beneficiaries of the General Health System (GHS). Beneficiaries
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UNFICYP announced that an understanding has been reached on arrangements to resolve the Pyla road dispute with Turkish Cypriot authorities. “An understanding has been reached on arrangements that will resolve the ongoing situation on the Pyla/Pile plateau,” a statement from UN Chief of Mission Colin Stewart said. He said a “few modalities are still being
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By Craig Erlam We’re seeing a little more risk-aversion in the markets at the start of the week which is understandable, considering the unfortunate events in Israel over the weekend. The surprise attack by Hamas has fueled concerns about further instability in the Middle East which could in turn disrupt oil flows at a time
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Nasser Al-Attiyah (Qatar), with Mathieu Baumel (Andorra) as his co-driver in their Volkswagen Polo GTi R5 car, triumphed in the 50th anniversary Cyprus Rally over the weekend. Oman’s Al-Rawahi came second, and Cypriot Christos Demosthenous. The Qatari covered the 194.88 kilometres of the 12 special stages of the two-day event in a time of 3
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