During the past three decades, Armenia struggled to convince the world that the ethnic enclave of Nagorno-Karabagh was an integral part of the Armenian nation, connected to the motherland with a fragile
The Council of Europe’s Committee of Ministers has stressed that Turkey must pay without delay €60 mln in damages to Greek Cypriots who cannot access their properties in the Turkish-occupied north. According to a
Turkey’s Central Bank cemented the country’s policy shift with a super-sized rate hike, raising its key interest rate by a lofty 500 basis points to 30%. The latest hike marks a second
The Bank of England’s recent decision to pause interest rate hikes has been met with relief, but it should go further and stop hikes altogether, warned the CEO of a leading independent
Five Israeli tourists will remain in police custody until their trial begins next month for allegedly gang-raping a young Briton in the popular Cyprus holiday resort of Ayia Napa, a court ruled
By Craig Erlam We’re seeing plenty of different approaches from central banks as they wrap up their tightening cycles, with the Bank of England on Thursday surprising with a hold, while not
By Han Tan, Chief Market Analyst at Exinity Group Risk sentiment was forced to turn lower as the Federal Reserve delivered its higher-for-longer messaging to markets, projecting fewer-than-anticipated rate cuts for 2024.
By Craig Erlam Everyone at the Bank of England undoubtedly breathed a collective sigh of relief on Wednesday, joining the rest of us, as inflation subsided much more than expected in August.
A usual working week for people aged 20-64 in Cyprus averages 39.5 hours, above the EU average of 37.5 hours, according to Eurostat data. There were significant differences in working hours among EU
By Han Tan, Chief Market Analyst at Exinity Group The FOMC is widely forecasted to leave its benchmark rates unchanged on Wednesday. Federal Reserve Chair Jerome Powell is also expected to convey