By Han Tan, Market Analyst at FXTM US equity futures are little changed while Asian stocks are mixed, with the MSCI Asia Pacific index having posted a new year-to-date high earlier this week. The S&P 500 could still register a third successive weekly advance provided Friday’s US session doesn’t erase what’s left of its 0.18%
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Cyprus announced a record 104 cases of SARS-CoV-2 on Thursday, double the previous day’s figure and derailing the national health plan with the health ministry saying “this confirms there is complacency in society, which is leading to the rapid spread of the virus.” Health officials initially announced 93 new coronavirus cases, but revised that number
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A blanket ban on the supply and use of shisha pipes in cafes and bars was introduced by the Cyprus Health Ministry Thursday as a coronavirus measures. The ministry said, “supply and use of hookahs in restaurants and bars establishments are prohibited until there are new scientific developments in relation to the COVID-19 pandemic”. It
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The government has downplayed a rude remark by President Nicos Anastasiades warning reporters not press him for comments about an Al Jazeera video alleging corruption in the ‘golden passports’ scheme. The undercover video has resulted in a public outcry and the resignations of the House Speaker and an AKEL MP. “Don’t mention Al Jazeera so
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Summertime officially ends in the early hours of Sunday 25 October when clocks should be turned back an hour, the Cyprus Energy Ministry announced. At 04.00 hours local time clocks will turn back one hour to 03.00 hours under daylight saving rules. In EU countries wintertime starts on the last Sunday of October and lasts
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Cyprus’ parliamentary speaker resigned on Thursday after he was secretly filmed allegedly trying to facilitate a Cypriot passport for a fugitive investor Leaders of the parliamentary groups will meet on Friday to decide on a new Speaker of the House after the incumbent Demetris Syllouris resigned under extensive pressure to go following ‘golden passport’ revelations.
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By Hussein Sayed, Chief Market Strategist at FXTM With less than three weeks remaining until the US presidential elections, investors are finding little reason to add risk assets to their portfolios. Stocks have sold off for a second consecutive day and US futures are indicating more losses for Thursday. After kicking off the day in
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To stem the recent spike in COVID-19 cases a new protocol comes into force on Thursday which extends the compulsory wearing of face masks to all indoor areas including offices, except households. Those who drive for a living will also have to wear masks. To protect public health, the use of a protective mask for
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At 51 new SARS-CoV-2 cases announced on Wednesday, Cyprus continues to face a high risk of the pandemic getting out of hand, with the Health Minister announcing stricter mask wearing rules as of Thursday. Minister Constantinos Ioannou said that for any two people indoors, masks have to worn, exceptions being places serving food and drink.
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The Cyprus government has initiated a fast-track process for company registrations as part of a package of measures to revive the economy after the controversial Citizenship for Investment Scheme was abolished amid public outcry over corruption. Energy and Trade Minister Natasa Pilides said: “The Cyprus economy will surely be impacted” by the decision, jeopardising a
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