7 h. ago Asking prices for UK homes have smallest spring rise since 2016

Asking prices for homes put up for sale in Britain have risen by the least for the late spring period since 2016, according to data published this week that added to signs of a slowdown in the country’s housing market after a tax break ended in April. The average price for houses and apartments advertised […]

Sport

21 h. ago Oil slides on Trump tariff threats and OPEC+ supply expectations

Oil prices dropped by 1 per cent on Friday and were set for their first weekly decline in three weeks as US President Donald Trump recommended a 50 per cent tariff on the European Union and expectations rose that OPEC+ will increase crude output further in July. Brent crude futures fell 64 cents, or 1 […]

Politics

26 h. ago Problems with deposed Paphos bishop ‘had been brewing for years’

Problems with Paphos Bishop Tychikos’ social conduct, as well as in his dealings with the municipality, had been brewing for years, the town’s Mayor Phedonas Phedonos said on Friday, following a decision taken by the Holy Synod to depose him.  The bishop had been ruffling feathers in the district on various levels, including among the […]

Politics

30 h. ago Trump pushes EU to cut tariffs or face extra duties, FT reports

U.S. President Donald Trump’s trade negotiators are pushing the EU to make unilateral tariff reductions on U.S. goods, saying without concessions the bloc will not progress in talks to avoid additional 20% “reciprocal” duties, the Financial Times reported on Friday. U.S. Trade Representative Jamieson Greer is preparing to tell European Trade Commissioner Maros Sefcovic on […]

Politics

49 h. ago Cyprus estate agents threaten action over legal contract bill

The Cyprus Real Estate Agents Registration Council has issued a call to its members to be prepared for mobilisations, following a meeting of the House legal affairs committee on Tuesday. The session involved a discussion of a proposed bill by MP Kostis Efstathiou, which would make it mandatory for all property sale contracts in Cyprus […]

Events

3 d. ago Cyprus household saving rate set to rise to 11 per cent in 2025

Household saving rates across the European Union are projected to stabilise in 2025 after recent volatility driven by economic uncertainty, according to the European Commission’s Spring 2025 Economic Forecast. The forecast highlights varied national trajectories, with countries like Cyprus, Portugal, and the Netherlands expected to see increases, while others, such as the United Kingdom and […]

Politics

5 d. ago Religious holiday overlap boosts Cyprus airport traffic in April

Cyprus residents made 164,844 trips abroad in April, marking a 24.1 per cent increase compared with the 132,806 trips recorded in April of last year, according to data released by the statistical service on Monday. The rise in travel activity was attributed to the rare overlap of Orthodox Easter, Catholic Easter and Jewish passover, which […]

Politics

5 d. ago Skills and optimism rise but fear still deters Cyprus entrepreneurs

Cyprus has reported a notable rise in early-stage entrepreneurial activity and public optimism, according to the latest Global Entrepreneurship Monitor (GEM) survey presented at the University of Cyprus. Despite this, fear of failure continues to pose a significant challenge for aspiring business founders, particularly among women. Now in its eighth consecutive year of participation, Cyprus […]

Events

5 d. ago Cyprus estate agents fight proposed legal monopoly on property contracts

The Cyprus Real Estate Agents Registration Council on Monday again voiced concerns over a proposed law that would require all rental and sale contracts for real estate to be drawn up exclusively by lawyers. The proposal, which is currently before the House legal affairs committee, has been met with strong opposition from the council, which […]

Sport

5 d. ago Google developing software AI agent ahead of annual conference

Alphabet’s Google (GOOGL.O) has been demonstrating to employees and outside developers an array of different products, including an AI agent for software development, ahead of its annual developer conference, according to a report from The Information. The agent is intended to help software engineers navigate every stage of the software process, from responding to tasks […]

Events

6 d. ago Ketchup maker Kraft Heinz investing $3 billion upgrading US manufacturing

Kraft Heinz (KHC.O) is spending $3 billion to upgrade its US factories, its largest investment in its plants in a decade, even as executives say consumer sentiment is at its second-lowest point in 70 years, and it has cut sales and profit forecasts. The upgrades will help lower costs by making the plants more efficient, […]

Economics

7 d. ago US smartphone shipments rose 30 per cent in March due to tariff concerns, report says

Smartphone shipments to the US surged 30 per cent in March as manufacturers Apple (AAPL.O), Samsung (005930.KS) and Motorola rushed to bring more devices into the country in anticipation of steep import tariffs, Counterpoint Research said this week. Apple alone airlifted a record $2 billion worth of iPhones from India in March, leveraging Indian suppliers […]

Politics

7 d. ago UK jobs market cools further, offering some relief to Bank of England

Britain’s jobs market cooled again last month, according to data that showed the impact of a tax hike on employers and Donald Trump’s trade tariffs but is likely to give some reassurance to the Bank of England that inflation pressures are waning. Provisional tax office figures published this week showed the number of employees fell […]

Economics

7 d. ago TechIsland Summit: Cyprus ICT sector’s economic impact soars to €8.5 billion

Cyprus’ largest tech association, TechIsland, successfully hosted the TechIsland Summit 2025 in Limassol, its flagship annual gathering and a key stage of this year’s Reflect Festival. Bringing together leading figures from across the public and private sectors, the Summit provided a platform for dialogue around the country’s fast-growing digital economy, its challenges, and its international […]

Economics

7 d. ago Bank of Cyprus expects limited impact from tariffs, reports record profits

The imposition of tariffs is not expected to have a significant or immediate effect on the Cypriot economy, which remains resilient and continues to outperform most European countries, according to Bank of Cyprus group chairman Takis Arapoglou, . Speaking at the bank’s annual general meeting held in Nicosia, Arapoglou stressed that the Bank of Cyprus […]

Economics

8 d. ago Cyprus’ rising tech sector drives GDP and job creation, says KPMG

Christophoros Anayiotos, Head of Deal Advisory at KPMG in Cyprus, presented the latest economic impact assessment of the island’s tech sector during the TechIsland Summit on  Thursday. According to the 2024 figures, the tech sector contributes 16 per cent of Cyprus’ total Gross Value Added (GVA), a notable increase from 12.6 per cent the previous […]

Politics

8 d. ago Cyprus weather: Temperatures to rise Saturday, dust expected

Cyprus weather: Temperatures to rise Saturday, dust expected  Philenews

Politics

8 d. ago Betting market enters new era with launch of Cyprus Online Gaming Association

The establishment of the Cyprus Online Gaming Association (COGA) marks a milestone for the Cypriot online betting market, signalling the beginning of a new era of growth and outward orientation for the sector. The founding members of the Association include Stoiximan, Bet365, and Bet on Alfa — leading providers actively operating in Cyprus. With its […]

Politics

9 d. ago US, Qatar deals to generate $1.2 trillion in ‘economic exchange’, White House says

Agreements signed by US President Donald Trump and Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani on Wednesday will “generate an economic exchange worth at least $1.2 trillion,” the White House said in a fact sheet summarizing some of the deals’ details. The agreements include a $96 billion deal with Qatar Airways to buy up to […]

Economics

9 d. ago Robert De Niro calls for protest against ‘philistine’ Trump as Cannes opens

Hollywood icon Robert De Niro lambasted “philistine” U.S. President Donald Trump on Tuesday and his proposed film tariff at the Cannes Film Festival’s opening ceremony, where he used his lifetime achievement award speech to call for protests. The 81-year-old actor shared the stage at the plush Grand Theatre Lumiere with fellow Oscar-winning superstars like Halle […]

Politics