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
Greek Energy Minister Kostis Hatzidakis said the agreement with Cyprus, and Israel to construct an ambitious EastMed gas pipeline constitutes a game-changer for Athens and Europe. A deal for an undersea pipeline
Air traffic over Cyprus has dropped by 83% year-on-year, due to the impact of COVID-19 on aviation, according to Eurocontrol, the umbrella organisation for 41 national air traffic control agencies. Acting as
By Hussein Sayed, Chief Market Strategist at FXTM Investors in Asia kicked off the week in an upbeat mood, with most major equity indices trading in positive territory. The upside momentum seems
