The European Commission has praised the Cypriot economy for exceeding expectations during the year’s first quarter while also delivering bad news regarding high inflation. “The Cypriot economy surprised on the upside in
Wedding and christening organisers are squeezed following the COVID lockdowns, which had bitten a large chunk out of their turnovers and are now hit by inflation pushing costs skyward. According to the
By Jeffrey Halley Central banks have gone full Bon Jovi handing out some monetary policy bad medicine over the past 24 hours, as the fight against inflation permeates even the most ardent
Cypriot consumers are becoming increasingly conservative in their shopping habits, chasing discounts while opting for cheaper products, say retailers. The change in consumer psychology comes amid the highest wave of inflation in
By Lukman Otunuga, Senior Research Analyst at FXTM Asian shares were a sea of red on Tuesday as recession fears and China’s renewed Covid-19 outbreak smothered appetite for risk. Overnight, Wall Street’s
Cyprus is enduring its highest inflation rate in four decades, as the cost of living increased by 9.6% in June, breaking the previous 40-year record of 9.1% registered in February 1982. The
By Jeffrey Halley Recession fears buffeted markets overnight, with the price action across various asset classes looking like a self-sustaining negative feedback loop, triggering more stop losses as prices slumped and dragging
Turkish Cypriots are seeing their earnings vanish due to inflation spirals, as the cost of living in the Turkish occupied north has increased by a staggering 110%. According to north’s statistical data,
By Jeffrey Halley US equities struggled for direction overnight, with the S&P 500 and Nasdaq almost unchanged, while the Dow Jones eked out a small gain. The outcome is hardly surprising with
By Jeffrey Halley Readers should stop watching US stock markets for economic wisdom, as the price action overnight confirmed that part of the financial world has as little future insight as anywhere
