Italy were crowned European under 17 champions after beating Portugal 3-0 in front of a bumper crowd of 7,120 at the Limassol Arena on Wednesday night.The Azzurri started like a house on fire, spurred on by a large Italian fan contingent populating much of the end behind the goal they were defending in the first … Read more
USDJPY bulls are further encouraged by a weakening Japanese Yen following data that shows real wages declining for the 25th straight month in April, as domestic inflation in Japan continues to outpace wage growth. The data will make it harder for the Bank of Japan to normalise policy, as it hopes to lift the bank’s … Read more
President Nikos Christodoulides has been briefed about the meeting of the UN secretary general with his personal envoy. The Turkish Minister of Defence, Yasar Guler, made a provocative statement regarding the Turkish troops’ “peace operation” in Cyprus. The Greek Cypriot side is steadfast in requesting the resumption of talks, despite indications that negotiations may not be positive. The UNSG will also meet with Greek Foreign Minister George Gerapetritis to convey specific messages on behalf of the Republic. Turkish Cypriot leader Ersin Tatar claimed that peace prevailed on the island in 1974 and that the Turkish Cypriots made significant gains. Turkish Cypriot MPs participated in discussions at the Parliamentary Assembly of the Council of Europe on the issue of Varosha, claiming that the 1984 UN Security Council resolution is outdated.
President Nikos Christodoulides received delegations from associations involved in the halloumi making process. The lack of trust was evident during the meeting, which lasted about three and a half hours. The government’s objectives are to preserve halloumi as a PDO and its status as the main export product of Cyprus. The dialogue will continue with new rounds of meetings under the Minister of Agriculture, and decisions will be made soon with these objectives in mind.
Silver (XAG/USD) declined below .00 in Tuesday’s European session as the DXY Dollar Index rebounded. The speculation for the Fed reducing interest rates in September has strengthened due to signs of economic slowdown in the US.
Fact: The governments of Cyprus and Egypt signed a memorandum of understanding to facilitate Egyptian nationals wanting to work in Cyprus.
Fact: Construction of two new desalination plants in Limassol and Famagusta is under review due to prevailing drought conditions and water shortage fears.
David Beckham has been appointed as an ambassador for the King’s Foundation after meeting with King Charles III at his Highgrove home in Gloucestershire. During their visit, Beckham and the King exchanged “beekeeping tips”. Beckham expressed his excitement about promoting the foundation’s education programs and helping young people gain more access to nature. The foundation, previously known as the Prince’s Foundation, focuses on education, community revitalization, and sustainability initiatives. King Charles III, who founded the foundation, recently returned to public duties after receiving cancer treatment earlier in the year.
UN Secretary-General’s personal envoy Maria Angela Holguin continues to engage with UN officials and will provide updates on her work. She will report to the Secretary-General and then provide information to the Security Council. Ms. Holguin will have a one-to-one meeting with the Secretary-General to discuss the facts and exchange views on the effort to resume talks. The government looks forward to an update from Ms. Holguin and wants an objective presentation of the facts, highlighting their commitment to the resumption of talks and alignment with agreed frameworks and resolutions.
The initial cost to operate the 30 community clusters resulting from local government reform will reach €3 million, which the government will cover.