By Han Tan, Market Analyst at FXTM Markets are taking stock of their exposure to risk, while mulling the protracted and arduous recovery that awaits the world economy. Asian stocks and US
Cyprus’ economy contracted 1.3% of GDP in the first three months of the year which includes the COVID-19 outbreak in early March. Seasonally adjusted GDP decreased by 3.8% in the euro area,
Cyprus should have a consistent national airline strategy to “make the most of foreign players,” who condemn Turkey’s illegal actions in Nicosia FIR, according to aviation expert Christos Petrou The Flight Safety
Brussels urged Turkey “to maintain the spirit of solidarity without discrimination” during the COVID-19 pandemic after denying entry into its airspace a Cyprus-bound flight with medical equipment. European Commission spokesman Peter Stano
By Hussein Sayed, Chief Market Strategist at FXTM US stocks slipped for a second consecutive day on Wednesday, after Fed Chair Jerome Powell warned that the current pandemic raises concerns about long-term
Cyprus on Wednesday said a chartered flight from China carrying 36 tonnes of Covid-19 medical supplies was diverted to Moscow after Turkey denied the aircraft entry into its airspace. Cypriot Transport Minister
Turkey is likely to see a contraction of 3.5% in 2020 because of the economic impact of the coronavirus pandemic, the European Bank for Reconstruction and Development (EBRD) said in its latest macroeconomic forecast.
Coronavirus-affected economies across Europe could contract on average by 3.5% this year with a rebound of 4.8% possible in 2021, according to a European Bank for Reconstruction and Development report. EBRD warns
Bitcoin’s historic halving event on Monday, occurring every four year, showed that the “long-term future of cryptocurrencies is secure”, according to Nigel Green, CEO and founder of independent financial advisory deVere. The
Egypt, Cyprus, Greece, France and the United Arab Emirates denounced Turkish illegal activities in the Cypriot Exclusive Economic Zone calling it a clear violation of international law. Cyprus Foreign Minister Nikos Christodoulides
