By Han Tan, Market Analyst at FXTM Asian stocks are edging higher with the MSCI Asia Pacific index set to register its first weekly gain this month. However, the selloff in US stocks is set to extend as futures for the S&P 500 and the Dow Jones indices are falling into the red early Friday.
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Cyprus health authorities announced ten new cases of SARS-CoV-2 on Thursday, mostly to a growing number of transmissions within known clusters, ending a two-week wave of single-digit infections. The new cases the total for the Republic of Cyprus to 1,558, following some 1,951 tests for Covid-19 in the last 24 hours. Health ministry officials said
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Nicosia will not proceed with Cyprus talks under Turkish threats but welcomed the fact that UN Secretary-General Antonio Guterres is committed to resuming peace negotiations after the October election for a Turkish Cypriot leader. Deputy government spokesman Panayiotis Sentonas said dialogue should take place in the right framework not Turkish threats against the Republic of
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An art teacher’s controversial paintings lambasting the church and politicians has caused a stir after the Education Ministry launched a probe when shocked parents complained about his work posted online. George Gavriel, an art teacher and headmaster at a state high school in Nicosia, has come under fire after releasing some of his latest paintings
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Due to COVID-19 travel restrictions, tourist arrivals in Cyprus plunged 81.2% in August to 104,261 from 553,845 in 2019, according to official data released Thursday. Tourists from the largest market Britain were only allowed to return in August but on the condition, they produce a negative coronavirus test. This severely limited the number who wanted to travel
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Cyprus has called on its European Union counterparts to take common action on air travel and connectivity to mitigate the negative impact of the coronavirus. Transport Minister Yiannis Karousos sent a non-paper calling for joint action by all Member States with the ultimate aim of tackling the negative effects caused by the pandemic in the
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Although Turkey has withdrawn its survey ship from Greek waters, extending its drilling activity off Cyprus will only escalate a crisis in the East Med, European Commission spokesman Peter Stano said. “The recent withdrawal of the research vessel Oruç Reis is an important step paving the way for a meaningful dialogue between Greece and Turkey,”
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Successful joint Cyprus-Israel three-day military manoeuvres codenamed ‘Iason 2020’ has enhanced the capabilities of the National Guard, the Defence Ministry said Thursday. The exercise was held from 14-16 September in the framework of the upgraded annual military cooperation program between Cyprus and Israel. The drills took place within Nicosia FIR, with the participation of land and air assets
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Omonia Nicosia is seeing its European dream turn green, after knocking out Red Star Belgrade in the Champions League advancing to the playoffs for the first time in its 72-year history. Qualification over Red Star is set to bring in another €8 mln, of which €5 mln is a bonus for participating in the Champions
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Moody’s has cut the covered bonds issued by five Turkish banks by one notch, following successive downgrades of 13 banks on Tuesday and Turkey’s sovereign last Friday, warning of possible balance-of-payments crisis as it cuts the country’s debt rating deeper into junk. Moody’s Investors Service downgraded the country from B1 to ‘B2 negative’ on rising
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