By Craig Erlam Equity markets are paring gains ahead of the Federal Reserve announcement on Wednesday, perhaps a little caution ahead of the final decision of the year. The announcement, forecasts, and commentary will set the scene for next year, in particular the first quarter which is still fraught with uncertainty over just how far
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The job vacancy rate in the third quarter was 2.2%, down from the previous quarter (2.7%) and Q3 2021 (2.4%), according to the Cyprus Statistical Service. The number of job vacancies in Q3 2022 reached 9,174. Job vacancies increased by 44.3%, or 2,816, compared to the same quarter of the previous year when the number
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British High Commissioner Irfan Siddiq expressed his country’s readiness to deepen cooperation with Cyprus in the maritime and sustainable marine sectors. He visited the Cyprus Marine Maritime Institute on Wednesday because of the CMMI’s partnership with the Southampton Maritime Institute. “The CMMI is an exciting and innovative body that’s clearly focusing on really important areas
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Electricity Authority of Cyprus (EAC) trade unions suspended strike action scheduled for Wednesday that would have caused power cuts after Labour Minister Kyriakos Kousios intervened. He arranged for unions to discuss grievances “within the next week” with energy and finance ministers. Unions said an extraordinary meeting was convened Tuesday at the initiative Kyriakos Kousios, whom
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Cyprus’s securities regulator plans to extend the suspension of the licence of disgraced FTX EU and will meet to discuss the matter next week, a spokesperson said. “CySEC is taking all the necessary actions to safeguard the interests of investors of FTX EU and is working closely with the administrator in the US under chapter
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The Federal Reserve is likely to raise interest rates on Wednesday – despite Tuesday’s data showing a slowdown in inflation – and it could be “playing with fire” by doing so, warns the CEO of a leading independent financial advisory and fintech. The warning from deVere Group’s Nigel Green follows the latest U.S. inflation report
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Tourism is banking on major cruise firms calling Limassol their home port and improved air connectivity to make Cyprus a top world destination. At a press conference Tuesday, tourism boss Savvas Perdios said the island was boosted by a revival of the cruising industry, as 350,000 tourists arrived onboard a cruise ship this year from
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Bargoers and clubbers should see their tabs deflate by 10% as an administrative court decision corrects a VAT anomaly for bars, coffee shops, restaurants, and nightclubs. Until recently, according to the interpretation of the VAT law offered by the previous tax commissioner, Yiannis Tsangaris, bargoers were paying 19% VAT on their drinks if they did
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A Paphos court hearing for a British man accused of killing his terminally ill wife has been adjourned again until next week following a prosecution request, his defence team said Tuesday. David Hunter, 75, had faced a murder charge in last year’s death of his wife, Janice, although his defence lawyers had asked the attorney-general
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In case of a disaster, the United States stands ready to lend its support, resources, and expertise to Cyprus, US Ambassador Judith Garber assured. During the emergency Disaster Equipment handover at Larnaca’s CYCLOPS Training Centre, the Ambassador said the United States and Cyprus had worked together to advance regional maritime safety and improve the island’s
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