interest rates

Young people purchasing an apartment is nowadays a utopia

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Young people purchasing an apartment is nowadays a utopia

The real estate market in Cyprus has seen rapid growth due to the arrival of foreign companies, making it difficult for Cypriots to find affordable housing. High rent and property prices, combined with low average salaries, pose a significant challenge for young couples and individuals from middle or low-income groups. The need for substantial deposits and strict bank requirements further limit access to housing loans. Efforts are being made to address these issues, including potential changes in the terms and conditions of social housing programs to help more people acquire housing.

UK fintechs ask government for help to ease capital shortages

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UK fintechs ask government for help to ease capital shortages

Leaders of the UK’s financial technology industry are urging the British government to increase tax relief and help them raise more investment, as some executives warn a shortage of domestic investors is holding back the sector.

ECB , ‘crystal clear’ on June rate cut, de Guindos says

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ECB , ‘crystal clear’ on June rate cut, de Guindos says

The European Central Bank has indicated that interest rates could be cut in June, but decisions beyond that are still uncertain.

Banks falling behind on messaging app scrutiny, survey finds

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Banks falling behind on messaging app scrutiny, survey finds

Global financial companies are falling behind on monitoring and archiving business-related communications using personal messaging apps, potentially risking regulatory breaches and fines. The Annual Compliance Health Check by SteelEye found that 63% of compliance executives were not monitoring staff usage of WhatsApp for compliance purposes. US regulators have cracked down on business-related text messages over personal messaging platforms, leading to fines exceeding billion for compliance failures.

USD recovers after early sell-off on Israeli attack reports

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USD recovers after early sell-off on Israeli attack reports

The Euro-dollar currency pair is trading in the lower 1.0600s on Friday after news reports of an escalation in the Middle East conflict prompted a flight to safe-haven USD, resulting in a decline in EURUSD.

Freeland’s new federal budget hikes taxes on the rich to cover billions in new spending | CBC News

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Freeland's new federal budget hikes taxes on the rich to cover billions in new spending | CBC News

Fact: Ottawa plans to spend .9 billion more than planned over the next five years, with a projected billion deficit this fiscal year.

Comparing European loans: What borrowers need to know

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Comparing European loans: What borrowers need to know

– Nordic Bank offers a loan comparison service to help customers find the best loan offers from over 30 banks and financial companies in Finland.
– The service helps customers compare interest rates, fees, and repayment terms to save money in the long run.
– Customers can apply for loans online through Nordic Bank’s website without the need for collateral or guarantors for unsecured loans.

Gold rebounds on market caution, aims for $2,400

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Gold rebounds on market caution, aims for $2,400

Gold is trading around ,370 per troy ounce due to caution amidst geopolitical tensions in the Middle East. The US Dollar Index is losing ground, making Gold less expensive for investors using other currencies. Federal Reserve officials have acknowledged that inflation has surpassed expectations. Fed Chair Jerome Powell’s recent comments suggest a potentially hawkish stance on upcoming monetary decisions.

BoE must , ‘do right thing’, cut rates in summer

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BoE must , ‘do right thing’, cut rates in summer

The UK’s annual inflation rate fell to 3.2% in March.

UK house prices fall by least in eight months

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UK house prices fall by least in eight months

British house prices fell by 0.2 per cent on an annual basis in February, the smallest decrease in eight months, according to the Office for National Statistics.