Cypriot consumers are getting a price-battering at supermarkets, as meat products went up by a whopping 30% in the past two weeks, according to butchers. In comments to news site Brief, the head of the Cyprus Butchers Association, Costas Livadiotis, said the market should brace itself for more increases in meat prices. The butcher’s association
More
By Lukman Otunuga, Senior Research Analyst at FXTM Market sentiment lacked conviction on Tuesday despite the Chinese government pledging more efforts to support economic growth. Asian shares were mixed as investors braced for the return of traders from across the pond. US markets were closed Monday due to the Labor Day holiday, but the Dow
More
Cyprus will get the first taste of Autumn weather on Tuesday after the Met Office issued a yellow warning for thunderstorms and hail. The Department of Meteorology issued a yellow warning for heavy rainfall and possible isolated thunderstorms from 12 pm to 6 pm. The thunderstorms are expected to affect mainly inland and mountainous areas.
More
Turkey’s hostile threats against Greece are unacceptable and must be dialled down, said EU Commission spokesperson for external affairs Peter Stano. Stano said that threats and aggressive rhetoric from Turkish President Tayyip Erdogan are “unacceptable” and need to stop. In a written statement, Stano said he expects Turkey to work on de-escalating tensions in the
More
While Facebook’s active user base continues growing on a global scale, the world’s largest social networking platform seems to be losing ground in the European market where monthly active users plunged by a massive 20 mln in the first half of the year, research has shown. As the third-largest market by Facebook usage penetration, Europe
More
Britain’s new Prime Minister, Liz Truss, is helping to sink the beleaguered pound even further – and the trajectory is only likely to get worse for the UK currency, warned the CEO of a leading independent financial advisory and fintech. “Already one of the worst-performing currencies of the year, the pound dropped on Monday to the
More
Cyprus unemployed decreased by 1,320 people in August, dropping by 8.1% compared to 12 months ago, data released Monday showed. But registered unemployment figures for July alone indicate a slight increase, compared to July 2021, according to the Statistical Service. Jobless registered at District Labour Offices in August reached 14,961 persons. Based on the seasonally adjusted data
More
An EU probe committee will visit Cyprus on a fact-finding mission to establish a link to Israel’s Pegasus spyware, used across the continent in a ground-shaking surveillance scandal. It is estimated that over 50,000 telephone numbers, mainly journalists, activists, and politicians, are being monitored through the software. France’s Le Monde said those targeted include the
More
The government has retabled a bill for reduced VAT on first homes, aiming to find the sweet spot between MPs’ concerns and the European Commission, which has initiated infringement proceedings against Cyprus over the discount. A European Union directive to reduce the size of homes entitled to a lower 5% VAT had the House and
More
By Craig Erlam European stock markets are plunging at the start of the week following a day of mixed trade in Asia, with Gazprom’s supply-cut announcement on Friday weighing heavily on the bloc. A bank holiday in the US often results in relatively quiet trade everywhere else, but that’s not the case. The decision not
More
