Gold extends rally near $2,360 amid geopolitical risks
The price of gold (XAUUSD) extended its upside near $2,360 on Monday during early Asian trading, as the rising geopolitical tensions in the Middle East boost safe-haven flows and benefit precious metals. Later this week, the US Consumer Price Index (CPI), Producer Price Index (PPI), and
Worldwide there is an effort to reduce tax evasion. The issue can be addressed to some extent if the payer of an
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See All »Worldwide there is an effort to reduce tax evasion. The issue can be addressed to some extent if the payer of an account has some benefit by submitting the receipt to Income
Read MoreBreaking free from Covid impact If you’re in the market for a vacation home in Cyprus, you might be in for some
Larnaca port has come to a standstill after dockworkers decided Wednesday to continue their strike until overtime pay demands are met. The
Nicosia rejects Chevron’s improved omtimisation plan Cyprus has chosen to play hardball with the partners of the country’s first gas discovery,
Business
See All »Ioannis Mavridis, Cablenet’s financial boss for the past four years, is being promoted to CEO as of July 1, replacing Yiannos Michaelides who is stepping down after four years at the helm and will remain a consultant until the end
Read MoreLimassol port has seen a 75% rise in wheeled cargo traffic ever since DP World Limassol took over its operation in 2017,
Hellenic Bank’s takeover of CNP Assurances’ regional operations, allowing it to dominate the local insurance market is a credit positive, according to
€182 mln takeover to boost life and general market share to 30% and 23% Hellenic Bank is set to dominate the
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By Naeem Aslam We finally have some good news about the UK economy, which has emerged out of recession. The economy has been in a black hole for a long period, and
MoreWorldwide there is an effort to reduce tax evasion. The issue can be addressed to some extent if the payer of an account has some benefit by submitting the receipt to Income
MoreIn 2018, 7% of EU enterprises employing at least 10 persons used industrial or service robots, Cyprus had the lowest percentage in the bloc. Large enterprises use robots much more (25%
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See All »Worldwide there is an effort to reduce tax evasion. The issue can be addressed to some extent if the payer of an
Oil prices are trading down because of disappointing economic data, as traders lose hope that the Fed will lower interest rates anytime
It’s been 20 years since Cyprus joined the major eastward enlargement of the European Union, firmly becoming an integral part of the
The sixth Leading Maritime Cities survey released this week declared Singapore as the world’s premier shipping centre. Not surprisingly so, considering the
By Athena Danou While this wasn’t my first participation in the Christodoula March, it was probably the first time I left the
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Energy
See All »The West Texas Intermediate (WTI) crude oil price snapped its losing streak, trading around $78.20 a barrel in the Asian session on Monday, after Saudi Arabia raised June crude prices for most regions. The Saudi kingdom increased the Official Selling Prices (OSPs)
Read MoreNicosia rejects Chevron’s improved omtimisation plan Cyprus has chosen to play hardball with the partners of the country’s first gas discovery,
Oil prices are trading down because of disappointing economic data, as traders lose hope that the Fed will lower interest rates anytime
The benchmark Western Texas Intermediate (WTI) was trading around $79.20 on Thursday, as the black gold edges lower to the lowest level in seven
World
See All »The price of gold (XAUUSD) extended its upside near $2,360 on Monday during early Asian trading, as the rising geopolitical tensions in
MoreBy Naeem Aslam We finally have some good news about the UK economy, which has emerged out of recession. The economy has
MoreBy Naeem Aslam European markets and US futures are trading higher while investors wait for the two most important events to unfold,
MoreBy Naeem Aslam Investors and traders continue to support riskier assets, while the focus among them is very much on earnings and
MoreMaritime
See All »Larnaca port has come to a standstill after dockworkers decided Wednesday to continue their strike until overtime pay demands are met. The employers’ federation called the strike “unacceptable”, while the island’s chamber of commerce said the port and island’s economy
Read MoreLimassol port has seen a 75% rise in wheeled cargo traffic ever since DP World Limassol took over its operation in 2017,
The sixth Leading Maritime Cities survey released this week declared Singapore as the world’s premier shipping centre. Not surprisingly so, considering the
Ticket sales have skyrocketed for the Daleela passenger and car ferry that will resume its Limassol to Piraeus sailings from the end
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Life & Society
See All »The European Union unveiled a €1 billion economic aid package for Lebanon in exchange for the
By Athena Danou While this wasn’t my first participation in the Christodoula March, it was probably
All archaeological sites and monuments operated by the Department of Antiquities will offer free entry on
Three of Cyprus’ beaches in the Ayia Napa-Protaras area have earned prestigious spots among Europe’s top
Marking World Stray Animals Day, authorities on Friday announced plans to enhance and expand a dog