By Craig Erlam We saw a slightly softer trading session on Tuesday as investors eye crucial inflation data on Wednesday. We’ve finally reached the point at which the Federal Reserve may be at the end of its tightening cycle and we can start to look forward to when it can feasibly begin to ease policy
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Income from tourism reached €102.2 mln in January and February, easily surpassing the €67.8 mln revenue from tourists in the first two months of last year. Based on the results of the Passenger Survey carried out by the Statistical Service, revenues from tourism recorded an increase of 50.7% compared to the same period in 2022.
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By Jameel Ahmad, Chief Analyst at CompareBroker.io Tuesday’s attention is directed at Washington with the White House set to meet with Congress after more warnings from former Fed Chair and current Treasury Secretary Janet Yellen that the debt ceiling needs to be raised to avoid economic calamity. Yellen has made it clear that the U.S.
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Cyprus has played a major role as an export hub for spyware used in recent eavesdropping cases that have shaken the EU and a number of member states, noted a report by European Parliament’s Committee of Inquiry to investigate the use of Pegasus and equivalent surveillance spyware (PEGA). “Cyprus has played a major role as
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By Lukman Otunuga, Senior Research Analyst at FXTM Asian markets were a mixed bag on Tuesday as caution kicked in ahead of Wednesday’s key US inflation report, although Chinese shares rose after export data beat market expectations. European futures pointed to a positive open despite the mixed sentiment, with UK financial markets reopening after the
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Annual real estate transactions in Cyprus continued to rise in the first quarter of the year, as sales documents submitted are 26.6% higher compared to the same period last year, according to the Real Estate Registration Board. The Board’s latest quarterly report showed that 6,188 property transactions were recorded in Q1 this year with a
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Historically, April has been one of the strongest months for Bitcoin and other cryptocurrencies, bringing the biggest average monthly returns. However, this year, that wasn’t the case, according to market surveys. Although Bitcoin topped over $30,400 on April 18, reaching the highest level since early June, its monthly gain was only 3%, way down from
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Cyprus’ Deputy Minister of Tourism, Kostas Koumis, is in a tight spot over the appointment of an unqualified teenage student as a highly-paid special consultant, following a damning report by the Auditor General’s office on Monday. It said that the appointment of a 19-year-old woman, who does not hold any university degree, “is patently illegal
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Artificial Intelligence (AI) stocks should now be part of most investors’ portfolios as Big Tech prepare for an AI boom, suggests the CEO and founder of a leading financial advisory and fintech, as tech titans reported colossal earnings last week. deVere Group’s Nigel Green urged investors to consider some of the stocks as Microsoft, Google’s
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EU’s MiCA to fill legislative void, but stakeholders still vary over authorities’ stance Entrepreneurs in the island’s booming high-tech and fintech industries have welcomed the passing of an EU directive regulating crypto assets, pushing Cyprus to finally introduce a legislative framework despite the authorities being reluctant to do so. The European Parliament had approved the
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