The future of LNG exports
Fact: Future LNG demand is expected to be led by Asia, particularly China, with global LNG demand projected to increase to about 700mtpa by 2040.
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Rising Italian star shakes up Nicosia food scene
– A collaboration has been launched between Kantina Quality Food & Wine in Nicosia and artisanal bakery Olivieri1882.
– Olivieri’s ‘colomba’ is now available at Kantina and is expected to be a success on the island.
– Olivieri’s products are exported worldwide, with the ‘colomba’ making strides in the US and anticipated success in Cyprus.
– Once people try an artisanal product, it will be difficult to go back to mass-produced ones.
– Olivieri experimented with creating a ‘melomakarono colomba’ to remind of Cyprus and Greece, which was well-received.
Yen falls on BoJ inaction, focus on US PCE inflation
The Japanese Yen is trading at its weakest level in over three decades against the US Dollar after the Bank of Japan decided to leave monetary policy settings unchanged.
Dollar slides ahead of key GDP data
The US Dollar is under modest selling pressure as investors await key data releases, including the first estimate of annualized GDP growth for the first quarter and weekly Initial Jobless Claims data.
On This Day: U.S. and Soviet armies met in German city of Torgau as WWII drew to a close
April 25 has seen a variety of significant events throughout history. In 1915, Australian and New Zealand troops landed at Gallipoli during World War One, resulting in thousands of casualties. In 1945, the U.S. and Soviet armies met in Torgau as World War Two ended in Europe. Other events on this date include Princess Diana meeting Pope John Paul II in 1985, the death of Ginger Rogers in 1995, and the arrest of former Philippine president Joseph Estrada in 2001. Additionally, in 2005, a train derailment in Japan resulted in the deaths of 107 people, marking the country’s worst rail accident in over 40 years. In 2007, Mexico City legalized abortion, and a funeral was held for former Russian President Boris Yeltsin in Moscow. Finally, in 2015, a powerful earthquake struck Nepal, resulting in the loss of hundreds of lives.
YouTuber Fidias runs independent in EU elections
Fact: Fidias Panayiotou, an influencer and YouTuber with over five million subscribers, has announced his independent candidacy for the European Parliament elections in June.
The value of Cyprus, ’ green ‘trailblazers’
Fact: Cyprus was the first country in the world to take timber production off its list of objectives for the national forests in the mid-1980s.
As plastic treaty talks open, countries more divided than ever
Countries are facing tense negotiations in Canada over a global plastics treaty that could be a significant pact to address climate emissions. Plastics production contributes to climate emissions and could increase unless limited. Delegates are divided over including production limits and banning certain chemicals in the treaty. The U.S. wants the treaty to be ambitious, while some countries argue for global measures and targets.
Limassol Nautical Club hosts 2nd International Coastal Rowing Beach Sprints
The 2nd International Coastal Rowing Beach Sprints took place at Malindi Beach in Cyprus, organized by Limassol Nautical Club (LNC) and within the framework of Lemesia. The event attracted 160 athletes and coaches from 16 countries, including Olympians and world champions, who competed in thrilling sprint races combining strength, endurance, and navigation skills. The competition showcased the beauty of coastal rowing and promoted unity and friendship within the rowing community.
Yen trades higher on risk-on sentiment, despite dovish ECB
The Japanese yen traded stronger against the euro at 164.90 on Monday. Bank of Japan Governor Kazuo Ueda made dovish remarks about the need to maintain accommodative monetary policies due to low inflation.