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Business - Page 156

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ECONOMY: Cyprus to abolish guarantees for foreign workers

Cyprus is pushing for the abolition of a mandatory cash guarantee for foreign workers paid by their employers who are usually on low incomes and in need of care. Interior Minister Constantinos

25th September 2019
Business

MARKETS: Sentiment sours on rising US political risk

By Lukman Otunuga, Senior Research Analyst at FXTM Rising political risk in the United States has joined the growing list of negative themes weighing heavily on global sentiment. In a dramatic development

25th September 2019
Business

TRAVEL: Cyprus aims to attract five million tourists by 2030

Over the next 10 years Cyprus aims to achieve five million tourist arrivals annually by opening new markets and upgrading its tourism product. The opening of new markets and the upgrading of

25th September 2019
Business

CYPRUS: Thomas Cook collapse mitigated due to rescue of subsidiaries

Initial estimates Cyprus tourism could lose €188 mln in annual revenue from the 250,000 tourists brought by Thomas Cook have been revised after news the firm’s subsidiaries will continue to operate. Deputy

24th September 2019
Business

TECHOLOGY: Bank of Cyprus to hold 3rd fintech hackathon

Bank of Cyprus will hold the “boc hackathon #fintech 3.0” in Nicosia next month focusing on the development and deployment of ground-breaking financial technologies (Fintech). The event will be held on October

24th September 2019
Business

BANKS: Qatar outlook stable as infrastructure spending drives growth

The outlook for Qatar's banking system remains stable as continued spending on the country's infrastructure projects will drive modest economic growth and support lending, Moody's Investors Service said in a report. "Higher

24th September 2019
Business

MARKETS: Investors take stock of global economy amid dismal EU data

By Han Tan, Market Analyst at FXTM Asian markets are pushing moderately higher Tuesday after the S&P closed unchanged, as investors are being fed more woeful signs about the global economy. Germany’s

24th September 2019
Business

MARKETS: EU data rings more alarm bells; Thomas Cook, WeWork, Netflix in focus

By Jameel Ahmad, Global Head of Currency Strategy and Market Research at FXTM Another round of astonishingly weak economic data out of Europe on Monday morning has resulted in major markets trending

23rd September 2019
Business

TRAVEL: Cyprus Airways signs deal to expand Greek connectivity

Cyprus Airways has officially signed an interline agreement with the Greek-based carrier, Sky Express to connect with 29 destinations across Greece. The agreement, effective from September, will offer more travel opportunities to

23rd September 2019
Business

TRAVEL: Cyprus tourism suffers ‘serious blow’ in Thomas Cook collapse

Cyprus tourism has suffered a “serious blow” following the collapse of British travel group Thomas Cook that stranded 15,000 tourists on the island with future lost revenue close to €200 mln. Tourism

23rd September 2019
Business
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