West Texas Intermediate (WTI) edged lower on Tuesday and snapped a three-day winning streak to the highest level since October 8. The benchmark commodity traded with a negative bias around the $77.00 mark in the European session, though the fundamental backdrop warrants some caution before positioning for deeper losses. The US Treasury Department on Friday
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Alexandros Josephides, the Deputy Director General and Marine Manager at the Cyprus Shipping Chamber, has been promoted to Director General of the umbrella organisation that represents the vast majority of Cyprus-based shipowners and ship management companies. Established in 1989, the Chamber comprises 200 major shipowning, shipmanagement, chartering and shipping related companies that collectively employ around
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By Nicole Phinopoulou Artificial Intelligence (AI) is the technology that enables computers and machines to simulate human learning, comprehension, problem solving, decision making, creativity and autonomy. It is also seen as a new technology set that can help advance the sustainable development goals (SDGs). The SDGs’ agenda in recent years has been evolving alongside a
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EURGBP extends its strength for the fourth consecutive day, trading near 0.8410 during Monday’s European session. The cross gains traction as the Pound Sterling continues to underperform, weighed down by concerns over stagflation in the UK amid persistent inflation and stagnant economic growth. A recent surge in government bond yields has sparked worries about the
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The benchmark West Texas Intermediate (WTI) extended gains for the third consecutive session during Asian trading hours on Monday, hovering above $77.00 per barrel, near $77.46 — a level not seen since October 8. Crude oil prices continue to climb amid growing concerns over potential supply disruptions triggered by new US sanctions on Russian oil. On Friday,
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Silver rose for the seventh straight day on Friday putting aside the jump in US Treasury bond yields and the dollar, after a strong jobs report calmed Federal Reserve officials about the employment situation in the US. Nevertheless, the evolution on inflation seems to be stalled, gathering some attention of Fed officials. The XAGUSD currency
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The Federal Reserve is unlikely to implement any rate cuts in the foreseeable future, according to the CEO of a leading independent financial advisory and fintech The latest nonfarm payrolls data underscored a resilient US economy, with 256,000 jobs added in December, far surpassing expectations. The unemployment rate dipped to 4.1%, further solidifying the case
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Lebanon’s new president, a publicly respected general who was sworn into office on Thursday, ending two years of an executive vacuum in the country, has been invited to address an upcoming European leaders’ summit in Brussels, to present his vision and future plans. Cyprus President Nikos Christodoulides said after a flash visit to Beirut on
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Silver roe to near $31.30 in Friday’s European session, as XAGUSD gained ahead of the U.S. non-farm payrolls (NFP) data for December, released later in the day. The labour market data will influence market expectations about whether the Federal Reserve will continue with its cautious stance on further policy-easing. The NFP report is expected to
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The Deputy Ministry of Shipping announced a final call for 40 scholarships to be provided to Cyprus cadets wishing to study to become captains or engineers at any of the eleven merchant marine academies (AEN) in Greece in September. The deadline for applications is 2pm on Monday, January 13, and is open to students born
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