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OECD projects global GDP will collapse by 4.5% this year

September 16,2020

The global economy has performed better-than-expected but it is still on track for an “unprecedented” […]

Global tourism industry lost $460 BILLION due to COVID pandemic, UN says

September 16,2020

The massive drop in international travel during the first half of 2020 has led to […]

China aims to boost yuan’s global drive along Silk Road

September 16,2020

A senior Chinese government adviser said that Beijing aims to use its national currency, the […]

Residential property price index loses steam due to declining foreign demand

June 15,2020

Cyprus Residential Property Price Index (RPPI) continued its upward trend albeit with a declining pace, […]

EIB approves €150 million for LNG project in Cyprus

June 15,2020

European Investment Bank’s (EIB) Board of Directors has approved the amount of €150 million to […]

Jay Powell delivers dovish message to financial markets

June 15,2020

Jay Powell could have used this week’s meeting of Federal Reserve policymakers to project confidence […]

Sachs: Good leadership important to overcome crises such as pandemic

June 15,2020

Good leadership is important to overcome crises such as the COVID-19 pandemic, renowned economist, Director […]

IMF warns most countries are doing worse than projected & says it will likely further lower its forecast

June 15,2020

The International Monetary Fund (IMF) may further downgrade its projections for economic growth this year […]

Russia’s diamond producer sees recovery this year for pandemic-hit sales

June 15,2020

The global leader in diamond mining, Russia’s ALROSA, expects sales of its gems to reach […]

Daewoo to build two LNG tankers for Russian energy giant Novatek

June 15,2020

South Korea’s shipyard Daewoo Shipbuilding & Marine Engineering (DSME) has received an order from Russian […]

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