Bitcoin will replace gold as the ultimate financial safe haven within a generation, according to Nigel Green, the CEO of one of the world’s leading independent financial advisory and fintech organisations. His prediction comes as growing geopolitical uncertainty, including Brexit and the U.S. presidential election, and central banks’ historic money printing policies, amongst other issues,
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Cyprus health authorities reported eight new cases of SARS-CoV-2 on Monday, five of whom were related to a cluster that formed last week and discovered through contact tracing. The Ministry of Health said 1,960 lab tests were conducted during the last 24 hours, with the new coronavirus cases raising the total in the Republic of
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Cyprus police on Monday said they have fined 20 individuals who participated in a Nicosia demonstration against the use of protective masks and a COVID vaccine while proceeding with three criminal prosecutions. According to police, 20 people were fined €300 each for not keeping to social distancing protocols issued by the Health Ministry under the
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Fourteen major banks in the world have lost a cumulative $635.3 bln in market capitalisation since last December, primarily due to the coronavirus pandemic, according to a survey by Buy Shares. Wells Fargo recorded the biggest slump with a 56.26% drop in market cap, followed by Spain’s Banco Santander ( -46.16%), JP Morgan Chase (
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Schools reopened on Monday under a new COVID-19 regime of social distancing and mask-wearing for thousands of pupils and teachers after a week’s delay due to an unseasonal heatwave. Under the new set of restrictions, secondary school students and all teachers are required to wear masks in the classroom and all students must keep to
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Cyprus’ economy will fare better than expected from the pandemic fallout as it is expected to contract less than 7% of GDP this year, said Finance Minister Constantinos Petrides. In the early stages of the outbreak, the Finance Ministry had said the country’s GDP to shrink up to 9.7% depending on the duration of the
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Although Cyprus said the withdrawal of Turkish survey vessel Oruc Reis is a move in the right direction, Ankara suggested it could return after leaving the region for resupplies. Cyprus Foreign Minister Nikos Christodoulides told the Cyprus News Agency that Oruc Reis returning to port and Turkey not renewing a NAVTEX for activity in the
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Cyprus has applauded the agreement to establish diplomatic relations between Bahrain and Israel calling it another positive step for regional peace and stability. The Foreign Ministry tweeted on Monday: “Cyprus welcomes the agreement for the establishment of diplomatic relations between the Kingdom of Bahrain and Israel.” “This constitutes another positive development for peace and stability
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By Hussein Sayed, Chief Market Strategist at FXTM After two consecutive weeks of back-to-back declines, stocks kicked off Monday with solid gains amid a surge in M&A activity and positive signs towards vaccine developments. Currency markets were little changed ahead of a busy week of monetary policy announcements, while Oil and Gold ticked slightly higher.
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Turkey said the United States needed to return to a neutral stance on Cyprus after Washington and Nicosia signed a deal to build a security training centre in Larnaca as part of their defence partnership. Secretary of State Mike Pompeo said earlier this month that the United States would lift a 33-year arms embargo on
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