By Lukman Otunuga, Senior Research Analyst at FXTM Asian markets were wrapped in caution Tuesday as investors nursed the nasty hangover from the previous day’s rout as fears over the impact of China’s new lockdowns lingered in the air. Overnight, Wall Street was thrown a lifeline later after Twitter agreed to be bought by billionaire
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The emission of greenhouse gases (GHG) per person employed has been, since 2010, on a continuous decline in the European Union, but Cyprus consistently remains above the EU average. The decline is due to a combination of decreasing GHG emissions and increasing employment numbers, according to data on the European Green Deal. Cyprus consistently has
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Cyprus on Tuesday began administering a fourth COVID-19 vaccine to people aged 60 and over as the country exits the pandemic. Beneficiaries can arrange a vaccination appointment through the government portal or walk-in centres. The booster/4th dose is administered to all those over 60 (upon presentation of identity card, passport or vaccination card) – provided that five months
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Cyprus aims to gain know-how from Estonia in digital transformation projects when President Nicos Anastasiades visits the country on April 27-29. During the visit, a Memorandum of Cooperation will be signed to strengthen the government’s efforts to implement reforms in digital transformation and e-government. Deputy Minister of Research, Innovation and Digital Policy, Kyriakos Kokkinos, told
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At the end of the fourth quarter of 2021, the government debt to GDP ratio in the euro area stood at 95.6%, compared with 97.5% from Q3 2021, with Cyprus recording the second-biggest decline, according to Eurostat. In the EU, the ratio decreased from 89.9% at the end of the third quarter to 88.1% in Q4 2021. In Cyprus, the
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By Hussein Sayed, Chief Market Strategist at Exinity Asian stocks, European and US equity futures, commodities, and even US Treasury yields dropped early Monday following steep declines on Friday, which wiped off almost 1,000 points from the Dow Jones Industrial Average. The past few weeks have been painful for stock investors with the S&P 500
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Cyprus’ oldest dairy producer, Charalambides Christis, has quietly taken over the local dairy products market while diversifying its brand. With a €129 mln turnover in 2021 and 3,200 local clients, Charalambides Christis is the largest dairy producer on the island and, according to a recent survey, has the biggest share of the market. According to
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Emmanuel Macron’s win in the French elections will be met by a modest relief rally amid heightening geopolitical and economic issues, warned the CEO of one of a leading independent financial advisory and fintech. Macron was returned to a second term as French president on Sunday evening with 58.8% of the vote, according to an
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Facing public pressure from spiralling electricity and gas prices while trying to stem imports from Russia, Greece’s prime minister Kyriakos Mitsotakis made a spectacular U-turn on energy policies. Within two weeks, he announced, on April 6, the stalling of Greece’s decarbonisation plan and the activation of more lignite-fired power generation units and, on April 19,
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Easter is a time when we are supposed to show compassion and empathy for those who are suffering or less fortunate to face the hardships that life and circumstance throw at us. Searching for kindness in the Cyprus justice system is an exercise in masochism and self-harm. Justice is intended to be blind, non-prejudicial, and
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