By Lukman Otunuga, Senior Research Analyst at FXTM A sense of positivity is sweeping across financial markets on Tuesday amid signs of progress in trade negotiations and hopes of stimulus in major economies. Asian markets were mixed during early trading after China’s central bank announced a key interest rate reform over the weekend – a
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. The ill winds of Brexit sent Sterling into stormy waters and it has taken a further battering since Boris Johnson became prime minister. The British currency has fallen against the euro every year since the Brexit referendum in 2016. It is now worth some 15 per cent less than before the vote. It has
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Washington said the activities of Turkish drillship Yavuz are unlawful and urged Ankara to cease them immediately and remove the drillship from the Republic of Cyprus’ territorial waters. A US State Department spokesperson told the Cyprus News Agency (CNA), “only the Republic of Cyprus, acting through its government, can consent to activities such as drilling
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A joint Search and Rescue Exercise was conducted on Monday off the island’s coast with the participation of SAR Units and personnel of the Republic of Cyprus and France. The French Destroyer «FS AUVERGNE», air assets from the French naval ship and fast patrol boat of the Cyprus navy command took part in the aeronautical
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A small 1.1% increase was recorded in the number of Cyprus residents returning from a trip abroad in July compared to last year with Greece the most popular destination. According to the Passengers Survey, 166,175 residents of Cyprus returned from a trip abroad in July 2019 compared to 164,376 in the same month of 2018,
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An influx of British and Israeli tourists helped Cyprus set a new record for its best ever month for arrivals in July with over 550,000 visitors, official data indicated on Monday. The Mediterranean island has beat its previous July record in 2018 when tourist arrivals reached 539,626 – this year the bar increased 2.1 per
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Rain and stormy weather in the Nicosia suburbs and surrounding villages outside the capital experienced power cuts due to bad weather prevailing over the island on Monday afternoon. According to an announcement by the Electricity Authority of Cyprus, crews are working on restoring power to the affected areas which include Kokkinotrimithia, Paliometocho, Meniko and Akaki.
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The Foreign Ministers of Cyprus and North Macedonia, Nikos Christodoulides and Nikola Dimitrov, are expected to sign at the end of August an agreement that will establish diplomatic relations between the two countries. CNA reported that the two ministers are expected to sign the accord in the framework of the informal meeting of the EU
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Banks appear to be discouraging customers from turning up at their branches to conduct their business by introducing more fees and increasing existing ones as they would prefer you to go online. Clients of banks in Cyprus are now being charged even more for depositing or withdrawing their money at the desk, according to daily
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Turkey has dispatched a fourth vessel, the Oruc Reis survey ship, to the Eastern Mediterranean, Turkish Foreign Minister Mevlut Cavusoglu confirmed on Twitter. He was responding to comments by the leader of the opposition Turkish Republican People's Party Kemal Kilicdaroglou who had questioned why Turkey did not currently have a presence in the region.
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