By Lukman Otunuga, Senior Research Analyst at FXTM It’s a new week but the same old story for financial markets as global growth concerns and inflation fears leave investors on edge. Asian shares advanced on Tuesday morning despite the negative close on Wall Street overnight, after soft Chinese economic data added further pressure on the
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A total of 223 flights are operating weekly this month from Paphos International Airport to 55 destinations, according to data from airports operator Hermes. Based on the airlines’ schedule, in May, there are 223 flights weekly from the Paphos to 55 destinations, Austria, Belgium, Bulgaria, France, Germany, Denmark, Greece, Jordan, Ireland, Israel, Italy, Croatia, Latvia,
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Justice Minister Stephie Dracos has called for everyone’s cooperation to protect the country “from the nightmare of fires” after Cyprus’ largest wildfire last summer. She was addressing an event for the launch of the Fire Prevention Week, with events to raise awareness of the importance of fire prevention in urban and rural areas. The Fire
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One in five Cypriot adults (19.8%) suffer from high blood pressure, according to the results of the European Society of Cardiology Cardiovascular Statistics 2021. According to the survey, an average of 25% of adults suffer from hypertension, with the percentage in some member countries of the European Society of Cardiology as high as 32.4%. The
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Authorities are cheesed off with Halloumi makers as one in five packages of the island’s traditional cheese sold in supermarkets do not meet the required standards. Just over a year since Halloumi’s PDO (Product of Designated Origin) status, approved in April 2021 by the European Commission, authorities have spotted products which violate the file’s criteria,
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Nicosia urges Brussels to speed up the enlargement process to prevent the Western Balkans from becoming vulnerable to the influence of Russia, China, and Turkey. Cyprus Foreign Minister Ioannis Kasoulides argued that political instability caused by the crisis in Ukraine, combined with the growing influence of third countries in the Western Balkans, is a cause
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By Jeffrey Halley It was another night of tail-chasing, this time led by Goldman Sachs that said a US recession is a real possibility and that the US Dollar might fall as a result. That of course would lead to terminal Fed Fund rates sooner, so sell US Dollars and buy US bonds. Oddly enough,
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Launched in 2019, the European Green Deal – a series of policies to make the EU climate neutral by 2050 – is well underway, though many fail to acknowledge that achieving its objectives requires access to large quantities of raw materials, especially those necessary for clean technologies. To compound the challenge further, the Covid-pandemic and
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After a two-year absence, the multi-national civil-military exercise ‘Argonaut 2022’ involving the US, UK and Israel is taking place off Cyprus this week. Seven countries are participating in rescue drills onshore, and at sea until 20 May, the Cyprus Defense Ministry said. It said the exercise “Argonaut 2022” is taking place in Cyprus’ sea, air
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Cyprus’ GDP growth will slow considerably as the war in Ukraine pushes inflation to unprecedented heights, according to the European Commission. In its Spring forecasts on Monday, the European Commission revised its outlook for the Cypriot economy for 2022, forecasting 2.3% GDP growth for the year, just over half the 4.1% calculated in February before
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