By Han Tan, Chief Market Analyst at Exinity Group Wednesday’s US inflation data release is set to heavily influence the outlook on future Fed rate hikes. As things stand, a July hike is all but priced in, though Fed Funds futures expect just about a one-in-three chance of an additional hike for the rest of
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Foreign Minister Constantinos Kombos met UN Secretary-General Antonio Guterres in New York to discuss the appointment of a special envoy and the next steps in resuming moribund Cyprus talks. “I had a particularly constructive meeting with the Secretary-General in the context of our strong will to return to the negotiations from where they left off in
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There is a need for a new paediatric oncology centre in Cyprus, Health Minister Popi Kanari said about the treatment of cancer in children and adolescents. She argued that extensions and renovations are not enough, and some thoughts will be evaluated to see how the government can move towards what she believes should be done.
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The European Union’s population has started to increase again after two years of decline, while Cyprus’ has continued to rise, according to Eurostat. After a decline in population in 2020 and 2021 due to the impact of the COVID-19 pandemic, the EU’s population increased in 2022, from 446.7 million on 1 January 2022 to 448.4
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By Naeem Aslam US and European stock futures are focused on one thing and one thing only, the US CPI data. US inflation data on Wednesday is going to be much better than most speculators believe. This means that the CPI data is highly likely to print, which is not going to be anything higher
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The value of transactions in the real estate sector reached €1.52 bln in the second quarter of 2023, with the market bearing the impact of higher interest rates, inflation and increased construction cost. According to data compiled by the Council for Registration of Real Estate Agents, transactions in real estate were a higher €1.7 bln
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Cyprus is bracing for its first prolonged heatwave of the summer, as a high-pressure weather system, dubbed ‘Cleon’ will be moving in on the island from Greece by the end of the week. ‘Cleon’ affecting Greece from Wednesday falls under Dangerous Weather Phenomena, with temperatures peaking on Friday at 44°C in southern Greece. The heatwave
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Europe’s first super casino resort, expected to attract an extra 300,000 tourists annually to the Mediterranean island, officially opened its doors on Tuesday. Melco hospitality and leisure group built Limassol’s City of Dreams Mediterranean complex, which took three years to construct at a cost of over €637 million ($700 mln). It is viewed as a
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Cyprus paid tribute to the 13 soldiers and firefighters who died after badly stored Iranian munitions exploded at the Mari naval base on July 11, 2011, shocking a nation and causing rolling power cuts. Tuesday marked 12 years since the tragic event, the island’s biggest peacetime disaster, with the state holding a memorial service at
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The Cyprus government’s efforts to clamp down on what it perceived as illegal filling up with half-price fuel from the north has backfired, as the long lines of motorists at the crossing points have increased following an intervention from the European Commission. As reported by Agios Dhometios residents near the race course, the main crossing
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