Cyprus was among 10 countries that participated in the “Mighty Waves 2019” multinational drill, the largest international exercise the Israeli Navy has ever launched. According to the Times of Israel, “Mighty Waves” simulated the response to a large quake striking the country, killing thousands and leaving 100,000 people injured, while damaging hospitals and national infrastructure.
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RAF Akrotiri Football Club and neighbouring Akrotiri FC, played out a hard-fought 3-3 draw in the newly renovated stadium in the village. The friendly match, which played a key role in both sides pre-season preparations, not only gave players the opportunity to test their fitness levels ahead of what is sure to be a gruelling
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. Dow tumbles 300 points on scary sign from the bond markets, Spot gold breaches $1500 as Wall Street tumbles, Stocks slide as falling bond yields spook markets. THESE are three recent headlines from, in order of appearance, CNN Business, The Guardian, and The Wall Street Journal. They reflect the extreme volatility of the markets
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Residents from villages in Limassol’s wine-growing region have taken to the streets to protest Hellenic Bank’s decision to shut down a branch in the village of Pachna, the last remaining in the area. A string of 20 villages, known as the ‘Wine Villages’ in the west of Limassol has been left without a single bank
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By Lukman Otunuga, Senior Research Analyst at FXTM A burst of geopolitical risks across is severely burning stock markets and fuelling risk aversion Tuesday morning. Heightened concerns over protests in Hong Kong, simmering US-China trade tensions, persistent global growth fears and a crash in the Argentine Peso are clearly leaving investors on edge. Geopolitical jitters
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In line with Italy’s history of short duration governments, after 14 months in office, the Five Star Movement (M5S) and Lega coalition is on the verge of collapse. This heightens uncertainty as snap elections might be held during the 2020 budget session in the autumn, the credit rating agency DBRS said in its sovereign report
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A growing number of UK and international investors are expected to move their assets overseas as Britain stumbles towards an economic abyss, according to Nigel Green, head of one of the world’s largest independent financial advisory organisations. The observation from Green, founder and chief executive of deVere Group, which has $12 bln under advisement, comes
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. Under the Cyprus constitution, everybody is equal in their obligations/rights including the Government. The High Court decision on the statutory tenancy was quite informative in that Government-owned buildings do not differentiate from those let by private investors. That is understood. So, everybody is equal — authorities and the public. Illegalities are being undertaken by
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By Hussein Sayed, Chief Market Strategist at FXTM After a roller-coaster ride in financial markets last week, investors will have a new daily routine going forward – checking the daily fixing of the Chinese Yuan. The decision by the Trump administration to label China as a currency manipulator did not receive the backing of the
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Cyprus faces crippling fines for not complying with an EU directive, this time it has failed in its obligation to construct urban wastewater treatment plants for residential areas with a population of over 2,000. Yet again, Cyprus has been called to appear before an EU Court to answer its case. As a result of failing
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