By Lukman Otunuga, Senior Research Analyst at FXTM Asian shares were mostly higher on Monday, while US equity futures are trading mixed after the S&P 500 and Dow Jones closed at all-time highs on Friday. Last week’s strong economic data from the United States and China have fueled hopes of a solid global economic recovery.
More
Cyprus Foreign Minister Nikos Christodoulides said the Greek Cypriot delegation would be going to Geneva for next week’s UN conference looking for a positive outcome in the resumption of peace talks. The informal summit on the Cyprus problem, also involving Greece, Turkey, and the UK, takes place in Geneva on April 27-29. Cyprus President Nicos
More
The latest liquidity statistics released by the Single Supervisory Mechanism revealed that Cypriot banks are swimming in cash. They have more cash than they know what to do with, according to the official liquidity coverage ratio (LCR), which is almost twice as high as that of the EU average. Cypriot banks have 311.61% LCR, the
More
Cyprus reported a near-record 852 new cases of COVID-19 on Sunday, with some health officials pondering a third lockdown, as opposed to a further relaxation of measures, as some had hoped prior to the Greek Orthodox Easter celebrations on May 2. The worst day on record in Cyprus was December 29, when 907 new cases
More
COVID cases going in the wrong direction since lockdown measures were eased leaves the government in a quandary about what happens next. With the education system going back to class, the hospitality sector catering to outdoor customers and a less restrictive curfew regime means more people will mingle. Increased social contact is a fuel that
More
Cyprus joined forces with international Information and Communications Technology companies to promote the island as an ideal destination for ICT companies to create jobs. Under the agency’s auspices to attract foreign investors, Invest Cyprus and major ICT companies joined forces creating the Cyprus Tech Association. The Cyprus Tech Association will provide a platform for all
More
The inoculation portal crashed for a second time in a week, and the excuse provided by the ministry in charge of innovation is not satisfactory. To point the finger of blame at the ‘excessive’ number of people applying to get an appointment to be vaccinated should have been hailed by the government, not criticised. Instead,
More
By Panayiotis Tilliros Geopolitical aspects of energy development in the Levantine basin are of enormous importance, given the power vacuum that has emerged in international relations comprising the Eastern Mediterranean and the Middle East. That is where Erdogan plays a tough poker game with the “blue homeland” doctrine. The superpowers (US, Russia) and China with the Belt and Road Initiative (New silk road) are now openly
More
Cyprus saw a sharp rise in new coronavirus cases to 786 on Saturday and four deaths attributed to COVID-19, while hospitalisations continued to climb. The Health Ministry said of the four people who died; the youngest was 47 and the oldest 88, all had underlying health issues. Only one patient, a 71-year-old man, had a
More
By Dr Tassos Anastasiades Cypriot leaders need to consider transforming the education system for the Finnish model as a source of ideas that work effectively. It is one of the best in the world, free of charge, children and adults have access to new technology, may borrow books and videotapes of educational content at any
More
