By Naeem Aslam Friday is an important day for markets, and market players are nervous about the most important economic data on the planet — the US non-farm payrolls data. The US ADP data usually sets the tone for the NFP data, and given that we had a big surprise for the NFP data last
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Since 2010 house prices in Cyprus have declined 2%, the third largest dip in the European Union but rents have gone in the other direction, according to Eurostat. Over this period, house prices increased in 24 EU countries and decreased in three, including Cyprus, but current trends are upward. They more than doubled in Estonia
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Archaeologists say they have unearthed two ancient tombs believed to be among the richest ever discovered in the Mediterranean region at Hala Sultan Tekke, Larnaca. The Swedish Söderberg expedition, led by Peter Fischer, a professor of archaeology at the University of Gothenburg, began exploring the area in 2010. Fischer said his teams’ finds point to
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Violations caught by the traffic camera network increased to 215,000 since the system came online last year, up by 35,000 in six weeks, a senior police official said. Road safety officer Yiorgos Milis said a new set of traffic cams were activated on Friday, the first in Limassol, at the popular ‘Ariel’ junction. Another set
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Cypriot-US relations have reached new heights and are no longer viewed, either by Washington or Nicosia, solely through the lens of the Cyprus problem, said President Nikos Christodoulides. He attended the July 4 reception hosted by US Ambassador Julie Fisher, where he urged partners “to share our vision and help us realise the dream of a
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By Craig Erlam Federal Reserve policymakers may well be dreading Friday’s NFP jobs report after Thursday’s ADP number once again obliterated estimates, coming in more than double the consensus forecast. That’s almost become the norm on payrolls day, but FOMC policymakers, along with investors, may have been hoping the tide would now turn after such
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Cyprus’ annual inflation reached its lowest level in 25 months in June, hovering at 1.9%, mainly due to the decline in food prices. According to the Statistical Service, the Consumer Price Index (CPI) and thus inflation decreased in June by 0.34 points to 114.38, compared to 114.72 points in May. Inflation in June increased by
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Returns of failed asylum seekers this year had exceeded 4,370 and are significantly higher than in 2022 when they were 2,353, Interior Minister Constantinos Ioannou said. On Thursday, he met Nina Gregory, Executive Director of the European Asylum Support Office (EASO), and Beate Gminder, Deputy Director-General for Migration and Internal Affairs of the European Commission
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President Nikos Christodoulides told Greek Defence Minister Nikos Dendias that Cyprus needed to boost its defences to buffer Turkish aggression. And the President said strengthening the deterrent power of Cyprus is a priority for his government. After receiving Dendias on Thursday at the Presidential Palace, Christodoulides said: “I am certain that as Minister of Defence,
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United Nations Secretary-General Antonio Guterres is ready for further meetings of the two sides at the UN or Cyprus, his deputy spokesperson Farhan Haq told the Cyprus News Agency (CNA). He praised the “face to face” meeting between President Nikos Christodoulides and Turkish Cypriot leader Ersin Tatar, saying that it was a very positive step for
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