The Turkish Lira dived against the dollar this week as the Turkish state took control following the conviction of Istanbul’s Mayor, the biggest threat to President Recep Tayyip Erdogan’s 2023 re-election. The
By Craig Erlam Stock markets are going into the festive period in a downbeat mood, as central banks this week reaffirmed their commitment to raising rates. The prospect of a Santa rally
Fears that the Bank of England is driving the UK economy into a deep recession are growing, despite the central bank voting in favour of a more moderate 0.5 percentage point interest
By Lukman Otunuga, Senior Research Analyst at FXTM Asian shares flashed red on Thursday, tracking declines in Wall Street overnight after the Federal Reserve signalled interest rates will climb higher than anticipated.
European Union citizens remain steadfast in confirming the EU’s backing for Ukraine after Russia’s invasion, with 74% approving of this support except in Cyprus. According to the European Parliament’s Autumn 2022 Eurobarometer
By Craig Erlam Equity markets are paring gains ahead of the Federal Reserve announcement on Wednesday, perhaps a little caution ahead of the final decision of the year. The announcement, forecasts, and
Cyprus’s securities regulator plans to extend the suspension of the licence of disgraced FTX EU and will meet to discuss the matter next week, a spokesperson said. “CySEC is taking all the
The Federal Reserve is likely to raise interest rates on Wednesday – despite Tuesday’s data showing a slowdown in inflation – and it could be “playing with fire” by doing so, warns
A Paphos court hearing for a British man accused of killing his terminally ill wife has been adjourned again until next week following a prosecution request, his defence team said Tuesday. David
By Craig Erlam Stock markets are tentatively higher in Asia Tuesday, while Europe and the US are poised for a similarly modest start to trade in what is the start of a
