By Jeffrey Halley You had the feeling that Wall Street, with perpetually itchy buy-button trigger fingers, was primed for this FOMC. As expected, the FOMC raised the Fed Funds target by 0.75%, to a target range of 2.25%-2.50%. It was what Jerome Powell said afterwards that turbocharged the FOMO gnomes of Wall Steet. The Federal
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Manchester United is the most valuable social media brand in the English Premier League, according to a recent study by sports news site Sportslens. The club boasts a global following and has 184.4 mln followers across its social media platforms. These include Facebook (77 mln), Instagram (59.2 mln), Twitter (31.9 mln), and TikTok (16.3 mln).
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Health Ministers of Cyprus and Lithuania said they want to establish a closer working partnership by drafting a Memorandum of Cooperation. Cypriot Health Minister Michalis Hadjipantela and Lithuanian counterpart Arūnas Dulkys have explored cooperation between the two countries. This would encompass the exchange of expertise and know-how in matters of public health and enhance the
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It is time the international community drew parallels between the Cyprus problem and what is happening in Ukraine, said Foreign Minister Ioannis Kasoulides. Speaking to reporters Wednesday after meeting foreign diplomats, he said the annual event was about efforts to resolve the Cyprus problem, but Urkaine hugged the agenda. The problem in Ukraine, he said,
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Cypriot economic sentiment improved in July due to stronger business confidence in services and industry, according to a University of Cyprus index. The Economic Sentiment Indicator (ESI-CypERC) increased by 1.4 points compared with June. It reached 101.2 points in July, a reduction from 104.2 a year ago. The increase in the Services Confidence Indicator was
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Greek Foreign Minister Nikos Dendias will visit Cyprus on Thursday as tension in the region is rising over Turkey’s territorial claims and controversial energy drilling. Dendias will coordinate policy with Nicosia as another Turkish drillship is expected in the region next month. He will meet with Archbishop Chrysostomos II and be received by President Nicos
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In a tension-raising move, Turkey will resume gas exploration in the Mediterranean sea somewhere off Cyprus on August 9. The Turkish Energy Ministry confirmed the development, and the gas exploration will be carried out by the new Turkish drill ship Adbulhamid Han. The ministry, in a statement, said: “Turkish drilling ship Adbulhamid Han will start
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Cyprus is ready to contribute in every possible way to reduce energy demand, so any gap in the supply of natural gas on the European market can be narrowed. This was the promise from Energy Ministry official Marios Panayides who represented Cyprus at Tuesday’s extraordinary meeting of the EU Energy Council on the Russian gas
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Influential US senator Robert Menendez called on Turkish President Recep Tayyip Erdogan to halt provocations in Cyprus immediately. He issued the warning in a video message to the World Conference of Cyprus Diaspora in Nicosia. He said the status quo in Cyprus, Turkish activity in Varosha and Turkey’s human rights violations are “unacceptable”. Mendez expressed his
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By Jeffrey Halley After what seems like an interminable wait, we are finally at FOMC day. Markets have baked another 75 basis points into their loaves of bread, but it’s going to be all about what the Fed and Jerome Powell say and not what they do. The IMF downgraded world growth forecasts Tuesday night,
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