By Lukman Otunuga, Senior Research Analyst at FXTM Asian shares were in the red on Tuesday, tracking a heavy sell-off on Wall Street overnight as concerns over upcoming aggressive Fed hikes sapped
For the first time, Palestinian tourists landed at Larnaca Airport on a flight of the Israeli private carrier, Arkia, which flew directly to Cyprus from Ramon, in southern Israel. It is the first
Investors need to prepare for the coming UK recession, the CEO of one of a leading independent advisory and fintech has warned, as UK inflation hit 10.1%, a new 40-year high. “UK
Some 41% of households in Cyprus enjoyed high-speed internet coverage, a huge gap from the rest of the EU, where 70% enjoyed fast broadband. Cyprus had the second lowest coverage in fixed,
Cyprus is preparing to purchase Iron Dome defence technology from Israel capable of intercepting Turkish drones. It would become the world’s first country to buy Israel’s Iron Dome technology. Cypriot newspaper Kathimerini Cyprus reported
By Craig Erlam Stock markets were off to a bad start on Monday as investors question whether the recovery trade has gone too far. Last week brought an end to the late
A majority of passenger cars in Cyprus (66%) are older than 10 years old, and only 4% are nearly new. In 2020 only 4% of passenger cars in Cyprus were newer than
Cyprus opposes a ban on tourist visas for Russian nationals travelling across the European Union, which the Baltic countries could propose during an informal EU Foreign Ministers meeting in Prague next week. “We issue visas even
Bank of Cyprus has rejected a triple takeover bid by Texas-based investment fund Lone Star, with the last offer valuing the deal at €727.25 mln, almost 50% above the bank’s current market
By Craig Erlam Asia has ended the week in negative territory, while Europe and the US may be on course to end their winning streaks amid choppy trade. August can often be
