By Han Tan, Market Analyst at FXTM Asian stocks and currencies are mixed, as the post-trade truce bounce is losing steam. Investors are now weighing up their next steps after the news of the “very substantial” phase one deal, as touted by President Donald Trump. According to media reports, China doesn’t yet share the same
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Cyprus hoteliers are no longer in a position to accept a mediation proposal by Labour Minister Zeta Emilianidou to resolve a dispute over pay in the hotel industry following the demise of Thomas Cook. Before the deal, initially approved by unions and hoteliers, the industry was heading for strike action which was averted with the
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Italy’s biggest loan recovery specialist doValue has agreed with Greece’s Alpha Bank to manage a gross €4.3 bln portfolio of non-performing loans and real estate assets in Cyprus. DoValue, a product from the spinning off of Italy’s UniCredit’s debt collection unit, would also manage any of Alpha Bank’s future non-performing loans and real estate assets
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RCB has added its flagship Mastercard multi-currency card products on its Digital Wallet, becoming the first bank in Cyprus to introduce Mastercard Digital Enablement Service (MDES). MDES is a service that allows banks to manage tokenization and digitization, in order to ensure security for every transaction from a variety of connected devices through a tap,
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Cyprus (17%) has the EU’s second-lowest proportion of pupils at upper secondary level enrolled in vocational education while it has the fewest number of females (23%) doing such courses. In 13 EU Member States, more than half of all upper secondary pupils studied vocational programmes in 2017. Czechia and Finland registered the highest proportion of
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EU Foreign Affairs Ministers agreed that restrictive measures targeting those involved in Turkey’s illegal drilling activity of hydrocarbons in Cyprus be put in place. They invited the EU Commission to swiftly present proposals to this effect. The text adopted by the Council said: "In light of Turkey’s continued illegal drilling activities in the eastern Mediterranean,
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By Hussein Sayed, Chief Market Strategist at FXTM Investors who were desperate for positive news finally got some at the end of last week. After an ongoing US-China trade war that has lasted 18 months and rattled financial markets, the White House announced on Friday that the two sides had agreed on phase one of
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In the grand scheme of things Cyprus’ six MEPs generally get lost in the shuffle when Europe’s great power brokers clash in the 751-member EU parliament where they are trying not to be a voice in the wilderness. Cyprus’ serious six are aware they have a responsibility to network, work in harmony with their party
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Turkish Cypriot leader Mustafa Akinci is in hot water with Ankara after calling for dialogue and diplomacy to prevail in the wake of Turkey’s military operation in Syria. In a post on his social media account, Akinci said: “Even though we call 1974 a Peace Operation, it was a war and blood was shed. Even
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Cyprus is stepping up efforts in digitalising the public sector by allocating some EUR 250 mln for e-government projects in next year’s budget. The 2020 budget prepared by the Finance Ministry foresees that €246.9 mln will be spent on 20 e-government projects with one quarter (€47.9 mln) of the pool going to the implementation of
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