By Naeem Aslam US and European stock futures are trading flat ahead of an important economic event that has all traders fully engaged: the US CPI number. So far this week, the US stock indices are barely keeping themselves in positive territory, and this is despite the fact that most traders believe the Federal Reserve
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An explosion that occurred on Wednesday in a recycling workshop in Larnaca, injuring three workers, was likely caused by military munition collected from a nearby National Guard shooting ground, said the police. The explosion that injured three people, one seriously, occurred at around 7:15 a.m. at a metal recycling site in the industrial area of
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The Interior Ministry announced on Wednesday that a second protective fence was placed around the perimeter of the Pournara migrant reception centre at Kokkinotrimithia, Nicosia. The ministry said the aim is to restrict the people within the centre, ensuring the control of their entrances and exits for their safety and well-being of the residents of the
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Some 400 motorists are reported every day for traffic violations by the island’s recently introduced traffic camera network, the police said on Wednesday. According to a report prepared by the Traffic Department, the camera network has reported some 247,747 violations in the 21 months since going live in January 2022. Tickets have been issued for
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By Craig Erlam The UK economy contracted faster than expected in July, which is weighing on the pound Wednesday morning. GDP fell 0.5%, faster than the 0.2% contraction expected, but as has been the case throughout this year, one-off factors played a big role. Strikes and the weather were largely to blame for the steep
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Employees retiring will no longer have to wait almost half a year before they receive their first pension from state coffers, declared the Labour Ministry on Tuesday. The ministry announced that the first statutory pension payment would take place within one month of the retirement date after introducing technology that reduces red tape. As of
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Five Israeli tourists were re-remanded in Cyprus police custody for six days on Tuesday in connection with an alleged gang rape of a young British woman in the popular resort of Ayia Napa, authorities said. The five men, aged between 19 and 20, were arrested after a 20-year-old British tourist told police she was gang
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The Ayios Nikolaos housing complex at the centre of recent violent outbreaks between Syrian refugees and extreme right-wing groups in Chlorakas, Paphos, is under 24/7 surveillance. Local authorities and a debt-acquiring company with a claim on the estate have hired private security to prevent migrants from returning after authorities closed down the complex. In comments
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By Lukman Otunuga, Senior Market Analyst at FXTM Asian markets were a mixed bag on Tuesday despite the broadly positive cues from Wall Street overnight, as a surge in Tesla powered a rally in tech stocks. Despite the shaky sentiment across Asia amid lingering concerns about China’s economy, European futures pointed to a positive open
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Police have uncovered another migrant trafficking network, the third in a month, following an operation where four Syrians were detained. According to the CNA, the operation was carried out based on evidence assessed by the Information Exchange Group, established on the instructions of the Interior Minister. Those arrested were of Syrian origin, allegedly active in
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