By Hussein Sayed, Chief Market Strategist at Exinity Group There may be a lot of disagreement over how the Federal Reserve is pursuing its current monetary policy, with inflation hawks becoming increasingly worried about extremely loose policy and its implications for the economy. But Fed Chair Jerome Powell is not budging from the gradual approach
More
Cypriot swimmer, Karolina Pelendritou, won the bronze medal in a re-swim for Women’s 50m freestyle S11 final at the Paralympic Games held in Tokyo, reaching a tally of five medals since her first in Athens. It is Cyprus’ first medal at the Games in Japan. She won the bronze medal in the first final held
More
Main tourist market Germany has dropped into the high-risk red category on Cyprus’ COVID-19 safe travel list, while Malta has moved out under the latest risk assessment. There were no new additions to the safest green travel category, with nine countries from which tourists can enter the island without restrictions remaining on the list. According
More
Although Cyprus has reached a high COVID-19 vaccination rate, those aged 20-29 have the lowest coverage at 60%. Cyprus is just a notch away from its end-of-Summer target of vaccinating 80% of its adult population with at least one shot of a COVID-19 vaccine to achieve herd immunity. The Health Ministry announced that 78.2% of
More
Cyprus reported two coronavirus deaths on Sunday, equalling the deadliest months of December and January, as daily infections continued to drop, but hospitalisations saw a small increase. Two women, aged 74 and 87, were the latest victims of the virus, that has killed 323 men (65%) and 176 women, with an average age of all
More
Over the last week or so, evidence has proven that America is not interested in nation-building – not that it has a great track record – and global stability is no longer a major concern. It doesn’t do much for American hegemony to see the painful dash to get out of Afghanistan; for some, it
More
This week, the Foreign Ministers of Cyprus, Israel, and Greece reiterated their commitment to trilateral agreements and cooperation. The head of the Cypriot diplomatic service revealed one of the topics discussed, beyond the already staple diet of defence and natural gas, would be collaboration in firefighting. The three agreed a fact-finding committee needs to be
More
Despite the summer’s end, Cyprus tourism stakeholders are preparing for late passenger traffic powered by tourists arriving from non-traditional markets. Transport Minister Yiannis Karousos told state radio CyBC that traffic at Cyprus’ Larnaca and Paphos airports in the first weeks of August increased rapidly, reaching 61% of seasonal passenger inflows. “This is most certainly a
More
Coronavirus cases dipped to 213 on Saturday from 324 on more tests while hospitalisations were also slightly down, but there was another death. August is headed to become the deadliest month throughout the pandemic, with an 85-year-old man dying due to Covid-19, raising the monthly toll to 74 and 497 during the last 17 months.
More
The resurrection of demand in the global economy has driven up crude oil prices, the main component of fuel at petrol stations. But according to an executive director of a fuel distribution group in Cyprus, who asked to remain anonymous, crude is not the only thing that drives prices at the pump. Refinery and shipping
More
