euro

Celestyal Discovery, ’s maiden voyage showcases new livery

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Celestyal Discovery, ’s maiden voyage showcases new livery

Celestyal Discovery set sail on her maiden voyage around the Aegean on March 22, 2024, showcasing the cruise line’s new livery. The ship’s first passengers are sailing on the ‘Iconic Aegean’ itinerary, visiting five ports over the three-night sailing. Celestyal Discovery underwent a multi-million-euro refurbishment and features new onboard social spaces. Celestyal CEO Chris Theophilides welcomed 1,100 guests onboard the ship and emphasized the company’s commitment to investing in the customer experience.

Sterling bows to dollar strength after UK GDP data

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Sterling bows to dollar strength after UK GDP data

The pound eased after data confirmed the UK economy entered recession in the second half of last year.

Euro-dollar stabilises after ECB rate cut comments

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Euro-dollar stabilises after ECB rate cut comments

The European Central Bank (ECB) is considering cutting interest rates in June, causing weakness for the Euro and depressing the EURUSD pair. ECB officials have expressed dovish views on rate cuts, while the Federal Reserve in the US seems more split on the issue. Bargain hunters may see dips in the EURUSD pair as a buying opportunity, and economists at ING expect the pair to stabilize around 1.0850.

CCLEI economic indicator about to flatline

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CCLEI economic indicator about to flatline

The Cyprus Composite Leading Economic Index (CCLEI) is showing a downward trend and is about to flatline at 0% growth.

Police union threatens legal action over unpaid overtime

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Police union threatens legal action over unpaid overtime

The police branch of the Isotita trade union threatened legal action over plans to extend staff hours without increasing pay.

Mainoo gives England something different, Southgate says after Belgium draw

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Mainoo gives England something different, Southgate says after Belgium draw

– Kobbie Mainoo gives England a different profile of midfield player, impressing manager Gareth Southgate with his performance.
– Southgate also praised West Ham’s Jarrod Bowen and Brentford’s Ivan Toney for their performances.
– Injuries to first-team regulars have affected Southgate’s squad, but he sees the benefits of offering other players more game time.

Over 63,000 people dead or missing while migrating over last decade

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Over 63,000 people dead or missing while migrating over last decade

Fact: At least 63,285 people have perished or disappeared on migration routes around the world between 2014 and 2023, with most deaths caused by drowning.

More than 63,000 people dead or missing while migrating over last decade, IOM says

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More than 63,000 people dead or missing while migrating over last decade, IOM says

At least 63,285 people have perished or disappeared on migration routes around the world between 2014 and 2023, with most deaths caused by drowning.

Sterling hovers near one-month low on rate cut bets

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Sterling hovers near one-month low on rate cut bets

– The pound was stable on Monday, close to its lowest level in a month, due to increased bets that the Bank of England (BoE) will cut interest rates in June.
– Sterling was flat at .2608, near the one-month low of .2576 from the previous Friday.
– The euro was slightly changed against the pound at 85.79 pence, down from a two-month high of 86.02 pence on Friday.
– The pound fell approximately 1% against the dollar last week after the BoE maintained interest rates at 5.25% and Governor Bailey indicated that inflation is trending towards allowing for interest rate cuts.
– Bailey’s comments to the Financial Times about rate cuts being “in play” this year further decreased the pound’s value.
– Market traders now estimate a roughly 75% chance of a BoE rate cut by June, an increase from about 35% at the beginning of the previous week, influenced by data showing faster-than-expected inflation decline.
– Chris Turner from ING suggested that the BoE’s dovish communications could lead to the euro rising to 87 pence against the pound in the next month.
– In contrast, stronger-than-expected U.S. economic and inflation data has led to reduced expectations for a Federal Reserve rate cut in June, enhancing the appeal of American bonds and supporting the dollar.
– The dollar index was approximately flat at 104.38 on Monday, after a 1% increase the previous week.

Southgate pleased with England experiment despite Brazil loss

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Southgate pleased with England experiment despite Brazil loss

– England lost 1-0 to Brazil in a soccer match.
– The loss occurred on a Saturday.
– Gareth Southgate is the coach of the England team.
– Southgate is evaluating newcomers for the Euro 2024 squad.
– Brazil’s victory was secured by a 17-year-old striker named Endrick, who scored in the 80th minute as a substitute.
– The match was described as even by Gareth Southgate.
– Southgate is not disappointed with the team’s performance, attributing the loss to a few mistakes.
– England was missing key players, including the injured captain Harry Kane, who will also miss the next friendly against Belgium.
– Southgate praised the debuts of Kobbie Mainoo from Manchester United and Anthony Gordon from Newcastle United.
– Southgate was satisfied with Ollie Watkins’ contribution despite Watkins not having a clear chance on goal.
– The match served as an experiment for playing without Harry Kane.
– Harry Kane, a Bayern Munich striker, joined the England national team for treatment of an ankle injury sustained during a 5-2 Bundesliga win at Darmstadt.