Construction giant Joannou and Paraskevaides (J&P) will deliver the first phase of a €300 mln fuel storage terminal and docking jetty to its owners, VTT Vasiliko, during a humble ceremony on Friday, with the first tanker ships expected soon after. The ambitious project, the largest foreign direct investment on the island in the industrial and
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Sixth European Week for Waste Reduction The sixth annual European Week for Waste Reduction (EWWR) runs from 22-30 November. With a special focus on food waste, the initiative will facilitate over 9 000 actions by public authorities, private entities, schools, and citizens looking for a greener and smarter way of life. EU Commissioner for Environment
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. By George Mouskides Our economy is in urgent need of liquidity and neither the real estate market nor any other investments will get a much-needed boost without securing loans first. On the other hand, the gap between loan and savings interest rates is too wide. This can only shrink with the reduction of savings
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. Marcuard's Market update by GaveKal Dragonomics First the Bank of Japan, then the European Central Bank, and now the People’s Bank of China. Last Friday, the PBOC cut its benchmark interest rates for the first time since July 2012. The direction of the move had long been foreseen, but the timing of the announcement
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By Jameel Ahmad, Chief Market Analyst at FXTM Sentiment towards the US economic outlook received another boost on Tuesday, following US GDP being revised significantly higher than first reported. This initially led to increased USD demand, which pressured metals and sent the Eurodollar back to 1.24. However, these moves were reversed shortly after when USD
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. By Oren Laurent President, Banc De Binary Love or hate her music, there’s no denying that Taylor Swift has given the music industry a good shaking up and won headlines by boldly rejecting Spotify. Given the growing popularity of the world’s largest subscription-based streaming service, Google and Apple are now also planning to compete
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To give customers access to 500,000 hotels when booking a flight Ryanair has announced a strategic partnership with Booking.com, offering over half a million hotels for booking on its website. The new partnership will allow customers to book accommodation directly on Ryanair.com while booking flights, the airline says. Booking.com is a world leader in online
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* Raises $124 mln in new equity, VTB reduced to 46% * RCB Bank Ltd., the Limassol-based ‘systemic’ bank that passed the recent ECB capital strength tests with flying colours, has raised $124.2 mln in fresh equity by selling a 19.85% stake to Otkritie Financial Corporation Bank, the second largest privately owned and sixth largest
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Wilbur L. Ross Jr., the newly elected Bank of Cyprus vice chairman and chairman of WL Ross & Co, has cited difficulty in finding “extreme value in the mainstream markets” as a reason behind his decision to invest in the Bank of Cyprus. “We’re finding it very difficult to find extreme value in the mainstream
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Safeguarding human dignity was a key theme of the formal address delivered by Pope Francis to Members of the European Parliament on Tuesday. Immigration, protecting the environment, and promoting human rights and democracy were among the topics stressed in a speech that enjoined "Europe to rediscover the best of itself". Opening the formal sitting, Parliament’s
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