Tourism recovery across Europe

The EU tourism industry has rebounded from the COVID-19 pandemic strongly, with data for 2022 approaching 2019 levels, according to Eurostat. The total number of nights spent in tourist accommodation in the

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Cyprus wary of harsher Russia sanctions

Cyprus is expected to join Hungary and Malta in opposing tougher European Union sanctions on Russia over its invasion of Ukraine, reported the Financial Times. The bloc has already issued seven sanction

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No letting up

By Craig Erlam We’re in for another day of risk-off trade, with parts of Asia recording heavy losses and Europe opening on the backfoot. Fear of tightening-induced recessions has wiped out the

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Caution prevails as investors on edge

By Lukman Otunuga, Senior Research Analyst at FXTM European stocks crept higher on Tuesday, rebounding after a rocky start to the trading week as investors remained jittery over rising interest rates and

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More turmoil to come?

By Craig Erlam Stock markets have steadied in Asia and early European trades on Tuesday, but that does not reflect the mood in the markets at the moment so it may struggle

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Sterling hits record low

By Craig Erlam Economic fears swept through the markets on Monday, with the UK taking a particular drubbing as the pound hit a record low against the dollar. Friday’s mini-budget has gone

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Solidarity protest outside Iranian embassy

Dozens gathered outside the Iranian embassy ​​in Nicosia to voice support and solidarity with the women of Iran following the death of 22-year-old Mahsa Amini. Carrying placards and signs with slogans in Persian,

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No clipping hawks’ wings

By Moody’s Analytics If there was any doubt that the Federal Reserve was serious about taming inflation, it should be gone after the September meeting of the Federal Open Market Committee as

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