Clay Neff, Chevron’s president for Africa and Latin America Exploration and Production, will visit Cyprus on Friday, days before the expiration of the government deadline for negotiations over the revised development plan of the Aphrodite gas field. The dispute revolves around commercially exploiting the estimated 4.4 trillion cubic feet of Aphrodite’s untapped natural gas. Sources
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By Craig Erlam Markets saw some trepidation on Wednesday with the Federal Reserve keepings rates unchanged and ahead of the jobs report on Friday. The Fed’s FOMC meeting was quite straightforward, with policymakers having come out in force to soothe market fears of another rate hike from the central bank, claiming recent moves in bond
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UN Secretary-General Antonio Guterres is actively consulting with both sides on appointing an envoy to get derailed Cyprus talks back on track. This was the message from visiting UN Under-Secretary-General for Peace Operations, Jean-Pierre Lacroix, after meeting President Nikos Christodoulides Wednesday. The post of senior UN official in reunification talks has been empty for almost
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Nicosia said its initiative to create a sea corridor for the steady flow of humanitarian assistance from Cyprus to Gaza involves aid-laden ships sailing directly to the enclave, where United Nations staff would receive it for distribution. Government spokesman Constantinos Letymbiotis said Israeli Prime Minister Benjamin Netanyahu “saw the initiative in a positive light” during a long telephone conversation
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Retail trade increased by 8.6% in value in September from the same month last year and was up 4.2% in volume, according to the monthly turnover index, while the figure was higher for the first nine months. The Turnover Value Index of Retail Trade, compiled by the statistics department (Cystat), increased at a higher rate
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The value of property sales agreements submitted in the third quarter reached €1 billion, with the real estate market maintaining its strength despite challenges. According to property sales data from the Department of Land and Surveys, processed by the Real Estate Agents Registration Council, 2,983 sales agreements were submitted across Cyprus from July to September.
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Even six years after its launch, TikTok’s popularity hasn’t faded a bit. On the contrary, the popular video-sharing app is on track to hit a new record, seeing more downloads than in the past two years. According to data presented by OnlyAccounts.io, TikTok hit nearly 770 mln downloads in the nine months of the year,
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Some 2.7% of the population (24,000 people) live in severe material and social deprivation conditions, but the figure continues to be below the EU27 average. There was a slight increase from 2021 (2.6%) in the Household Income and Living Conditions Survey of 2022. According to the Cyprus Statistical Service (CyStat), this indicator shows the percentage of
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Real GDP growth is forecast to slow from 5.1% in 2022 to 2.4% in 2023 before picking up to 2.8% in 2024, according to the latest economic Outlook from the University of Cyprus. GDP growth decelerated further in the second quarter of 2023, resulting in a lower-than-expected growth rate, according to the October issue of
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What happened on October 7 has inflicted a collective national trauma on Israel, “it was a fulfilment of our worst nightmare, and we are at war forced upon us and not chosen by us,” Israeli Ambassador Oren Anolik told MPs. During Tuesday’s meeting of the House Foreign Affairs Committee on the Middle East crisis, Anolik said Hamas
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