By Lukman Otunuga, Research Analyst at FXTM An air of caution is lingering across financial markets as investors huddle on the sidelines ahead of Fed Chair Jerome Powell’s highly anticipated testimony on Capitol Hill later in the day. Equities across the globe are likely to hold their breath as markets ponder whether Powell would confirm
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. BACK in April, when the United Kingdom was granted an extension of its deadline to leave the EU, Donald Tusk, president of the European Council, pleaded with British politicians: “Please do not waste this time.” Last week Mr Tusk was reflecting on how things had gone in the last three months. Pressed by a
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Distributed Ledger Technology (DLT), more specifically, blockchain, can offer endless possibilities to make Cyprus an investment destination, experts told a Blockchain Summit in Nicosia. Finance Minister Harris Georgiades said that Cyprus aims to be among the first countries to regulate aspects of DLT. In his address, Georgiades said, “our aim is to be among the
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Cyprus house prices rose 4.3% in the first three months of 2019 compared to the same period last year, according to the House Price Index which went from 103.34 units to 107.78. Compared to the fourth quarter of 2018, the HPI increased 0.8% from 106.95 units. House prices, as measured by the HPI, rose by
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Turkey on Wednesday rejected that drilling for oil and gas off Cyprus was illegal while claiming Nicosia and Athens were spoiled and mischievous children in a biased EU family. Turkey’s foreign ministry said Turkish vessel Fatih had started drilling to the west of the island at the start of May and its Yavuz ship had
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DP World Limassol was honoured with the “Most Efficient Cruise Terminal” in the maiden MedCruise Awards. The prestigious cruise industry event was held in Genoa, bringing together MedCruise members and associate members as well as their partners, local authorities, cruise line executives and members of the international press. DP World Limassol port is the main
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Ryanair has announced a new Cyprus route to Beirut, Lebanon, with a three times weekly service commencing in October as part of its extended Paphos Winter 2019 schedule. Cyprus consumers and visitors can now book their holidays to Beirut as far out as March 2020 at low fares. To celebrate its new Paphos route, Ryanair
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Cyprus’ premier cultural event the Pafos Aphrodite Festival will this year showcase Giuseppe Verdi’s masterpiece Macbeth performed by the Bolshoi Theatre of Belarus on August 30, 31 and September 1, at the Medieval Castle. Festival president and Paphos Mayor Phedonas Phedonos said the institution’s 21-year creative presence put it at the epicentre of the island’s
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Suspending €145.8 mln in enlargement funds and "reassessing" the European Investment Bank’s investing in Turkey, are among measures Brussels could impose in response to Ankara’s illegal drilling in Cyprus’ EEZ. The European External Action Service and the European Commission have prepared this options for the upcoming ministerial meetings next week, a well-informed diplomatic source told
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Washington said Turkey dispatching a second ship to conduct drilling in Cyprus’ EEZ is a "provocative step" while urging Ankara to halt operations. "The United States remains deeply concerned by Turkey’s repeated attempts to conduct drilling operations in the waters off Cyprus and its most recent dispatch of the drillship Yavuz off the Karpas Peninsula,"
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