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A hidden factor impacting gold, and it ain, ’t CPI

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A hidden factor impacting gold, and it ain, ’t CPI

Gold prices are fluctuating as traders speculate on a potential rate cut by the Federal Reserve in September. Inflation data in the US is showing signs of improvement, impacting the Fed’s monetary policy decisions. Smart money is paying attention to the shift from a dollar-denominated trade system, with countries like China and Russia increasing their gold reserves to support their currencies. The price of gold is approaching all-time highs and is expected to continue its upward trend as long as it stays above the 50-day simple moving average.

Cyprus tourist arrivals up 1.7 per cent in first four months of 2024

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Cyprus tourist arrivals up 1.7 per cent in first four months of 2024

Tourist arrivals to Cyprus in April 2024 amounted to 333,563, marking a decline of 2.7 per cent from the previous year.

How to inspect secondhand farm machinery

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How to inspect secondhand farm machinery

Purchasing secondhand farm machinery can be a cost-effective way to equip agricultural operations without the hefty price tag of new equipment.

Minister warns of escalating undeclared work crisis

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Minister warns of escalating undeclared work crisis

Undeclared work is a growing concern in the construction industry, according to Labour Minister Yiannis Panayiotou. If not addressed soon, it will become a much bigger problem. Panayiotou also expressed optimism for the renewal of the collective agreement in the construction sector and emphasized the need for improving, not worsening, the terms and conditions of work.

Scheffler detained by police before US PGA second round

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Scheffler detained by police before US PGA second round

Fact: Masters champion Scottie Scheffler was detained by police while trying to enter the Valhalla Golf Club for the second round of the PGA Championship.

Cyprus , ‘not alone’ over migration

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Cyprus , ‘not alone’ over migration

Fact: Greek Migration Minister Dimitris Kairidis said that Cyprus is “not alone” on the matter of migration and that Greece supports the initiatives put forward by Cyprus.

Nurses union warns of strikes over understaffing

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Nurses union warns of strikes over understaffing

The nursing staff branch of trade union Pasydy warned of potential strikes due to ongoing understaffing issues in public hospitals. They accused the state health service (Okypy) of not honoring an agreement made in February 2023 regarding staffing needs for nurses. Pasydy stated that there is a dire need to hire over 170 nurses in public hospitals and gave Okypy a deadline to clarify their plans. Okypy spokesperson Charalambos Charilaou defended the organization, stating they employ the largest number of nurses in Cyprus and aim to fully utilize existing nursing staff. Pasydy released a statement expressing concern over the health ministry’s lack of intention to address staffing shortages, leading them to consider taking measures to compel the ministry to address the issues seriously.

Cyprus tourism on track to meet targets, minister says, after second-best April

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Cyprus tourism on track to meet targets, minister says, after second-best April

Fact: Tourist arrivals for the first four months of 2024 in Cyprus indicate an increase of 1.7% compared to the same period in the previous year, totaling 748,814 arrivals.

Guardiola senses repeat of 2022 final day chaos

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Guardiola senses repeat of 2022 final day chaos

Manchester City boss Pep Guardiola expects a tough game against West Ham United in the final round of fixtures, similar to their previous nail-biting finale against Aston Villa.