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Euro maintains positive trend, despite dollar rebound

EURUSD has drifted lower from Monday’s highs at 1.1450 and is moving at 1.1410 in Tuesday trading. The Eurozone Consumer Prices Index (CPI) reading for May has shown lower-than-expected inflationary pressures, which gives leeway to the ECB for further monetary easing to support the region’s economy.

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MP slams Cyprus for tolerating Abramovich fraud

Members of parliament in Cyprus are furious that the authorities have tolerated yet another scandal, tarnishing the island’s business reputation further, this time allowing disgraced Chelsea boss Roman Abramovich to get away

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Cyprus arrest in €3 mln online scam

Cyprus police arrested a person on Tuesday as part of a 30-month European-wide crackdown on cyber crime, with Germany seeking the suspect’s

Netflix market cap up $103 bln in Jan-May

Streaming giant Netflix has made a record-breaking comeback, adding over $100 billion to its stock value year-to-date, marking its strongest five-month gain in absolute dollar terms over the past decade, according to data from Stocklytics.com. Following its huge subscriber loss

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Natgas back on the EU agenda

By Charles Ellinas In Germany, the new Economics Minister Katherina Reiche has urged construction of new gas-fired power plants. She said, “we

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Gas will be around for quite longer

It has now become clear that in order to keep the European economy going and ensure energy security, gas will be around for much longer than it was thought two years ago. It is difficult to progress energy transition unless it can

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Natgas back on the EU agenda

By Charles Ellinas In Germany, the new Economics Minister Katherina Reiche has urged construction of new gas-fired power plants. She said, “we

North Sea collision to activate multiple insurance

The collision in the North Sea between the MV Solong, a Portuguese-flagged cargo ship, and the MV Stena Immaculate, a tanker transporting jet fuel for the U.S. military, could activate multiple insurance policies, because of the types of vessels and

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