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Wil de Boer's picture

Thought for Today - How Patient Are You?

How patient are you when you drive your car, how calm do you stay when people don't keep their promises, what do you do when your client cancels an appointment at the last moment or your kids refuse to listen to you? Is it easy to lose your temper and difficult to stay unattached?

Update on the global currency markets - Analyst

federal reserve janet yellenWritten by Jameel Ahmad, Chief Market Analyst at FXTM.

The USD is drifting lower against its trading partners on Wednesday, with this being in response to the complete contrast in opinion as to whether the beginning of Janet Yellen’s two-day testimony can be perceived as dovish or hawkish.

In my opinion, it was neither and the Federal Reserve Chairwoman just provided a balanced outlook on the US economy, which I personally believe was the right approach to adopt. My reasoning for this is that in times of such high market volatility, the last thing Yellen would have aimed to do was set off more fireworks in the currency markets, therefore she adopted a balance outlook yesterday and will likely do the same later today.

Cypriots Lagging in Internet Banking, Online Purchases

cyprus broadband Although there is more than enough broadband coverage across the island, Cypriots do not trust the Internet enough to do in-depth activities like banking or purchases and ranks 22nd out of 28 EU member states in digital economy terms, according to the EU's Digital Economy and Society Index (DESI).

Around 28 percent of the population have never used the Internet at all, and 48 percent lack all but the most basic Internet skills, says the survey. Just 35 percent are banking online and 38 percent are shopping online.

Cyprus Energy Minister Talks Natural Gas, Tourism in Russia

cyprus gasEnergy Minister George Lakkotrypis said he would be discussing the possibility of Russian companies exploring for oil and gas in Cyprus' Exclusive Economic Zone, amid ongoing tensions with Turkey over the issue.

“Russian companies, both public and private, are always welcome in Cyprus Exclusive Economic Zone (EEZ). From time to time, interest was expressed by various companies, mainly private ones, and of course, if interest is shown during our visit to Moscow, we will seriously examine it,” he said.

Greek Programme Did Not Fail - Dijsselbloem

varoufakis eurogroupGreek Finance Minister Yanis Varoufakis submitted a list of reforms just before midnight on Monday, just in time as Eurogroup President Jeroen Dijsselbloem was faced with searching questions from MEPs on Tuesday morning.

Spanish Greens MEP Ernest Urtasun asked whether the Greek programme had failed and whether Greece's exit from the Eurozone was still an issue. In response, Dijsselbloem said it had not failed, there is growth in Greece and the stakeholders were willing to finish it by using flexibility.

President Anastasiades Vists Russia, President Putin

anastasiades russiaPresident Nicos Anastasiades is meeting with Russian President Vladimir Putin in Russia during his state visit between 24th-27th February, and it has been announced that Russia will extend Cyprus' 2.5 billion euro loan from 2018 to 2022 and lower the interest rate from 4.5% to 2.5% to support the economy.

In comments to the media, Putin said that a new bilateral deal had been signed allowing Russian military ships to enter Cyprus ports to fight terrorism and regional security threats, and gave a typical tongue-in-cheek remark:

Mary Anglberger's picture

Networking over gourmet sandwiches at Mary’s

Having been planned as a monthly event, Friday’s Second Mary’s Network Get-Together had had quite a few sign-ups initially, but as temperatures kept dropping and the carnival parties around town rising, these numbers went down again. As always I decided ‘It’ll be fine whichever way it works out’ and so it was - we ended up having an absolutely brilliant time.  

In the end there were ten of us, and as always, there was some lovely ‘reconnecting’ of people who had met elsewhere before. I was actually quite happy that some of the guests were not your typical ‘business networkers’, but fascinating retirees instead with a great sense of humor and of course lots of ‘connections’ and useful info to share. Beautiful proof of what I like to repeat ‘Networking will ALWAYS occur in one form or another when open-minded people meet’.

Greece's Proposal 'Trojan Horse', Says Germany - Eurogroup Crisis Talks

eurogroup greece germanyThe Eurogroup and Greece have reached an interim agreement to extend the current bailout deal for four months and negotiations are continuing on the 23rd of February when Greek Finance Minister Yanis Varoufakis has to submit a list of reforms. In earlier comments, Germany's finance ministry has poured cold water on Greece's appeal for an extension of the current loan deal with the troika, saying it is a Trojan Horse and demanding that Prime Minister Alexis Tsipras stops rolling back the laws passed as part of the country's 240-billion-euro bailout.

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