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Gold Hits New Highs As Dollar Falters Amid Tariffs: Analyzing The Impact On Global Markets

by News Editor

April 11, 2025

In a recent turn of events, the price of gold has shot up to unprecedented levels, reaching $3,191.84 per ounce. This surge comes in the wake of market upheavals triggered by trade tensions under the Trump administration, leading investors to flock towards safer assets like gold.

Market Dynamics

The Asian markets responded dramatically: Japan’s Nikkei slid over 4%, while Hong Kong’s Hang Seng showed a slight 0.5% uptick. Meanwhile, South Korea’s Kospi and Australia’s ASX 200 traded lower by 0.8% and 1.3%, respectively. Intriguingly, Taiwan’s Taiex rose by 1.6%, and India’s Nifty 50 climbed approximately 2%.

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Broader Economic Implications

The global economy braces for potential recession fears fueled by escalating US-China trade tensions. With the Swiss franc and euro also soaring, the US dollar faces its weakest point against these currencies in recent years.

Underlying Story

Following substantial tariffs against all trading partners, President Trump has recently announced a 90-day pause. This temporary relief aims to facilitate negotiations, with a universal 10% tariff remaining during this period. However, exceptions apply, notably for China, as tariffs reach a staggering 145% in response to retaliatory measures.

For more background on the turbulence in international trade, see Trump’s Tariff Turmoil: Aviation’s New Battleground.

The Future Forbes Realty Global Properties

Call for Reform: Cyprus Faces New Challenges with Emerging Tobacco Products

by News Editor

May 31, 2025

In the face of a burgeoning variety of tobacco products, existing smoking laws in Cyprus are struggling to keep pace, as highlighted by Christos Minas, the president of the Cyprus National Addictions Authority (AAEK). On World No-Tobacco Day, there was a push for legislative reforms to comprehensively cover all tobacco forms, including non-nicotine alternatives.

Addressing Rising Trends with Effective Policies

Minas emphasized the surge in popularity of e-cigarettes and flavored products, particularly among the youth. The proposed legal updates aim to enhance enforcement efficiency against these emerging trends.

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In collaboration with the World Health Organization’s (WHO) framework, the AAEK has established the first set of national guidelines for smoking cessation in Cyprus, crafting prevention and treatment strategies based on robust scientific evidence.

Educating Youth and Public Awareness Initiatives

Efforts are underway to raise awareness, with informative materials distributed to secondary schools across Cyprus. A public event in Nicosia highlighted the state’s ongoing commitment, providing carbon monoxide testing and expert advice on new tobacco products.

Recent data from the Cyprus general population survey 2023 indicates that 38% of smokers have used e-cigarettes recently, and the smoking initiation age remains at 18.

A Glimpse into Youth Smoking Patterns

According to the latest European school survey, 14% of Cypriot students aged 15-16 reported smoking traditional cigarettes last month. Although this rate is declining, Cyprus still ranks high in Europe for e-cigarette and hookah use among students.

The concern is global, with WHO reports showing over 37 million children aged 13-15 engage in tobacco use, driven by aggressive marketing in loosely regulated environments.

The urgency for reform is clear: before these trends solidify, proactive measures are necessary to protect future generations from potentially hazardous habits.