. By Costis Stambolis Greek Prime Minister Alexis Tsipras’ surprise decision late Friday night to call a snap referendum on new bailout terms offered by its creditors, pitted Athens on a head-on collision with its eurozone partners pushing the country closer to a “Grexit”. The government’s momentous decision to call a referendum followed a supposed
More
. By Oren Laurent President, Banc De Binary New technologies have made it possible to find either a quick ride, or a place to sleep for the night, in totally new ways. While some say these services are making the world a better place, these trends also have a downside. As Uber and Airbnb face
More
. Marcuard's Market update by GaveKal Dragonomics As the Greek crisis apparently reaches its climax it is odd that the default response is to seek refuge in “safe” German assets. If, as appears quite likely, the flawed euro-system really is heading into the next phase of its denouement, then German assets are the soft underbelly
More
“There will be good days and bad days, but these have probably been the best days because of the creation of this unique atmosphere of trust, and will, and leadership” Peace really has a chance in Cyprus, UN Secretary General’s Special Adviser on Cyprus Espen Barth Eide said on Tuesday, expressing his optimism that
More
The rate of unemployment rate remained steady in May, stubbornly at 16% compared to the previous month. The euro area seasonally-adjusted unemployment rate was 11.1% in May, stable from April, and down from 11.6% in May 2014. This is the lowest rate recorded in the euro area since March 2012. The EU28 unemployment rate was
More
Air connectivity with the rest of the world is quite high, but should be even higher, according to Transport Minister Marios Demetriades. However, considering that Cyprus is highly dependent on tourism and foreign airlines operating on the island, the Minister during a public consultation on Monday that air traffic in Cyprus has not been affected
More
Brent and US benchmark crude prices fell 50-65c a barrel on Wednesday after Greece defaulted on its €1.6 bln loan to the IMF at midnight Tuesday, with the dollar also gaining on the euro. Greece became the first developed economy to default on a loan from international creditors as the nation braces for a referendum
More
DBRS, Inc. has downgraded the Hellenic Republic’s long-term foreign and local currency issuer ratings to CC from CCC (high), and placed the ratings Under Review with Negative Implications. The short-term foreign and local currency issuer ratings are confirmed at R-5 with a Stable trend. The rating agency said that the downgrade was prompted by the
More
In an atmosphere fitting for the thriving new destination, Limassol Marina celebrated a year of operation on the weekend of Saturday 27th and Sunday 28th of June with live music and activities for the visitors along the promenade. The waterfront development opened its gates to the public in June 2014 and has since been attracting
More
Emirates customers can now stay fully charged with the launch of 30 wireless charging trays for most smartphones in its First Class and Business Class Lounges in Concourse A, B and C in Dubai. With free Wi-Fi in all Emirates Lounges globally, and on nearly 120 aircraft, customers can also stay connected throughout their journey.
More