A week of consolidation

By Craig Erlam It’s been a week of consolidation in stock markets after last week’s rout, with Europe looking to it with minor gains. It hasn’t been the blockbuster week as the

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EU leaders tell Turkey to dial-down rhetoric

The European Council has expressed deep concern regarding Turkey’s recent behaviour toward EU-members Greece and Cyprus as tension in the Eastern Mediterranean rises. In Thursday’s Council conclusions adopted by EU leaders, Ankara

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Markets bet Fed has it wrong again

By Jeffrey Halley   The second day of Jerome Powell’s semi-annual testimony on Capitol Hill passed without incident, in contrast to Wednesday’s frenzy. The Fed Chair reiterated an unconditional commitment to fight inflation,

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Powell uses the ‘R-word’

By Jeffrey Halley   Federal Reserve Chairman Jerome Powell’s semi-annual testimony on Capitol Hill was the centre of attention overnight. Speaking to Congress on Wednesday, Powell finally dispensed with soft landings, describing them

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Don’t get too excited by bear rallies

By Craig Erlam European stock markets are falling heavily again on Wednesday, reminding us once more why we shouldn’t get excited by the bear-market rallies. There’s a desperation to add substance to

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Cyprus-Israel expand health cooperation

Cyprus and Israel seek to widen their health cooperation when dealing with emergencies and natural disasters, including organ transplantation and the COVID-19 pandemic. Health Minister Michalis Hadjipantela and his Israeli counterpart Nitzan

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