By Hussein Sayed, Chief Market Strategist at FXTM Forecasting the direction of a currency exchange rate is never an easy job. Most investment banks had a solid conviction that the dollar would resume its downtrend in 2021. Trillions of dollars in stimulus packages, the Federal Reserve holding interest rates near zero, unlimited purchases of US
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By Niki Tsivitanou After 2015, many properties passed into bank ownership, mainly through debt-to-asset swaps or foreclosures. Subsequently, some were acquired by credit acquiring companies, and, in the near future, more are expected to follow the same path. These properties are referred to as “REO”, meaning Real Estate Owned. Today, banks and credit acquiring companies
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Cyprus saw a mild improvement in the general health situation with fewer new coronavirus cases and patient admissions on Wednesday, despite two people dying of COVID-19 without underlying issues. The health ministry said in its daily bulletin that a 70 year old man and a 75 year old died, raising the death toll since the
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Three men have been remanded in custody for eight days on suspicion of murdering a woman whose decomposed body emerged on Tuesday in a field in the buffer zone in Athienou, near Larnaca. The three men, an Egyptian and two Syrians, pleaded not guilty in Nicosia District Court to charges of murder in the first
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Cyprus is gearing up to welcome back tourists in May, amid concerns over loss of traffic from the UK where officials said that Britons may not be allowed to travel abroad this summer. Cypriot authorities are targeting tourists from third countries outside the EU, including the UK, the island’s biggest market, by lifting the need
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The Pokemon Franchise is celebrating its 25th-year anniversary this year, and what better way to mark the occasion than crossing an important milestone in the franchise’s history. The concept started as a game, but has since expanded into many facets of media and entertainment, making it one of the most recognisable media franchises in the
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Cyprus is enjoying what is probably its last winter spell before spring sets in, with the Troodos mountains seeing their last snowfall and temperatures taking a dive of more than 10 degrees from Tuesday. Following a brief summer spell with temperatures rising to 26 degrees Celsius in previous days, Cypriots woke up to chilling weather
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By Ursula von der Leyen & Werner Hoyer In Europe, we have heard the warnings about climate change. We know that if our industrial, energy, transportation, and food systems do not change, we could face a catastrophic temperature increase of more than 3°C this century. As we approached the end of 2020 – Europe’s hottest
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Cyprus reported fewer new infections of COVID-19 on Tuesday, dropping from 410 to 365, but the number of patients presently admitted at state hospitals continued to rise, reaching 222, of whom an unprecedented 50 are critical. The health ministry said in its daily bulletin that one person died in Limassol, a 90 year old man,
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Even if developed in time for the summer, the EU’s digital travel certificate could be hindered by the slow pace of vaccination programmes across Europe, harming tourism-dependent economies like Cyprus and Malta, said Moody’s. On 17 March, the European Commission (EC) presented its proposal for a so-called Digital Green Certificate to facilitate cross-border movement within
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