By Hussein Sayed, Chief Market Strategist at Exinity US and European equity futures fell dramatically in early Asian trading hours on Monday, along with bond yields, while the dollar and commodity prices surged as investors looked for havens to hedge their portfolios, following the latest developments in the Ukraine crisis. The Russian rouble plunged by
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Omonia FC has sacked their head coach Henning Stile Berg after the club failed to secure one of the six spots in the Championship play-offs for the title. It is the first time Omonia have missed the play-off since they were introduced in 2007. Henning Stile Berg, a former Manchester United player and Norwegian international,
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Cyprus supports the mandatory resettlement of migrants from countries currently receiving large waves of Ukrainian refugees, said Interior Minister Nicos Nouris. He said EU Interior Ministers expressed their support for the sanctions being imposed on Russia and condemned the Russian invasion of Ukraine. “In addition to the decisions of the past few days, the Council
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Russia will find out just how isolated it is on the world stage Monday afternoon as the United Nations holds a rare emergency session of the General Assembly to discuss whether to condemn Moscow’s attack on Ukraine. All 193 members will have their say as the global body decides if it will support a resolution
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Cyprus Monday closed its airspace to Russian planes under agreed EU sanction but reserved the right to change its mind if Turkey does not do the same. Foreign Minister Ioannis Kasoulides said Cyprus supported humanitarian aid to Ukraine and targeted restrictive measures against Russia. Nicosia agreed to shut European airspace to Russian planes, but the
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Cyprus reported two coronavirus deaths on Sunday as new daily infections continued to drop, to 1,387, with the rate of hospitalisations down to 148, while serious cases were up at 36. The Health Ministry said in its Covid bulletin that the latest victims were a 91 year old man and a 74 year old woman, raising
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The European Union announced swingeing new sanctions against Russia on Sunday over its invasion of Ukraine, closing its airspace to Russian aircraft and banning Russian state media outlets broadcasting in the bloc. EU chief Ursula von der Leyen, announcing the measures, also said the European Union was taking the unprecedented step of financing arms to
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Dressed in the blue and yellow colours of the Ukraine flag and bearing posters crying “No World War 3”, hundreds of thousands of people descended on the streets Sunday in solidarity with Ukraine as it battles the invading Russian army. From Berlin to Baghdad to Quito, demonstrators chanted “shame” against Russian President Vladimir Putin, while
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Putin’s sucker punch to the West could be seen coming from space, but the pugilists in the ring didn’t think he would risk a hammer blow at the heart of democracy in Europe. Russia’s bully-boy tactic to bulldoze its way into Ukraine for the Kremlin’s version of regime change was predicted months in advance. Moscow
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In the aftermath of Russia’s invasion of Ukraine and sanctions could inflict wounds on the Cypriot economy, including trade, higher fuel prices and the key tourism sector where 22% are Russia and Ukraine visitors. This summer, hundreds of thousands of tourists were expected from the two countries, with stakeholders arguing that trade relations with Russia
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