3 h. ago Shell warns of weak Q2 earnings amid chemicals and gas slump

Shell (SHEL.L) expects quarterly earnings to be hit by weaker trading in its integrated gas division and losses at its chemicals and products operations, it said this week ahead of second-quarter results due on July 31. The energy group’s chemicals business suffered unplanned maintenance at its Monaca polymer plant in the United States while trading […]

Events

16 h. ago Mutuum Finance (MUTM)’s beta launch nears as Bitcoin (BTC) reserves hit $1B, will the $0.03 price survive August?

As Texas’ institutional reserves of Bitcoin (BTC) cross the $1 billion threshold, investor sentiment in crypto markets has surged. However, while Bitcoin (BTC) continues to consolidate, a new DeFi protocol is capturing the attention of early movers. Mutuum Finance (MUTM), currently in Phase 5 of its presale, is preparing to launch its highly anticipated Beta […]

Economics

16 h. ago Oil prices rebound after Trump hints at new Russia sanctions

Oil prices rose by around 1 per cent on Friday as investors weighed a tight prompt market against a potential large surplus this year forecast by the IEA, while US tariffs and possible further sanctions on Russia were also in focus. Brent crude futures were up 76 cents, or 1.11 per cent, at $69.40 a […]

Politics

17 h. ago UK economy shrinks again in May, fuelling fears of stalled recovery

Britain’s economy contracted unexpectedly for a second month running in May, official data showed on Friday, compounding worries at home for finance minister Rachel Reeves as the nation navigates growing global turbulence. Gross domestic product shrank by 0.1 per cent after a 0.3 per cent drop in April, the Office for National Statistics said. Economists […]

Politics

21 h. ago Cyprus building permits fall but value rises to €361.5 million

The Cyprus Statistical Service (Cystat) on Friday announced a reduction of 1.9 per cent in the number of building permits issued during March 2025, when compared to the same month last year. A total of 572 building permits were authorised in March 2025, down from 583 in March 2024. The total value of these permits […]

Politics

23 h. ago Cyprus’ digital habits rank among the EU’s strongest in 2024

Cyprus emerged as one of the EU’s most active countries for online cultural engagement in 2024, with 94 per cent of internet users watching TV or videos online.   This placed the island just behind the Netherlands and Finland, which topped the list at 96 per cent each, according to Eurostat revealed this week.   By contrast, […]

Politics

26 h. ago UK and France finalise irregular migration deal despite Cyprus’ objections

The United Kingdom and France on Thursday night finalised a deal wherein the UK will begin to return irregular migrants who had crossed the English Channel back to France, despite Cyprus and four other European Union members raising objections to it. According to the British government, the deal will see a pilot scheme implemented wherein […]

Sport

26 h. ago Loan costs remain high in Cyprus while depositors see limited returns

The average interest rate for household time deposits up to one year in Cyprus stood at 1.16 per cent in the latest data published by the Central Bank of Cyprus, lagging behind the euro area average of 1.84 per cent. According to the CBC, the highest one-year household deposit rate among Cypriot banks was offered […]

Politics

27 h. ago Wall Street braces for Q2 earnings hit from Trump’s trade war

US companies are getting ready to open their books on the second quarter, with investors looking for signs of an impact from President Donald Trump’s trade war launched on April 2. While earnings growth is expected to decelerate from the first three months of the year, a sharp decline in the dollar could help to […]

Events

39 h. ago Fearless Anisimova topples Sabalenka to reach Wimbledon final

An inspired Amanda Anisimova tore up the script and soared into her maiden Wimbledon final by outclassing world number one Aryna Sabalenka 6-4 4-6 6-4 with a display of fierce determination and fearless shot-making on Thursday. Anisimova’s victory extended her win-loss record over her equally big-hitting rival to 6-3 and kept alive American hopes of […]

Sport

41 h. ago Google hit with $8.87 million fine by Turkish competition body

The Turkish Competition Authority announced on Thursday that it would impose an administrative fine of approximately 355 million lira (equivalent to $8.87 million) on Google for not meeting its regulatory responsibilities. According to the authority, the penalty was issued after it determined that Google introduced certain design changes during the compliance phase of an earlier […]

Economics

43 h. ago Total electricity demand to hit 1090 megawatts, close to yearly record

Electricity demand is expected to reach 1090 megawatts (mw) on Thursday, remaining at roughly the same levels as Wednesday. The demand is expected to reach 1090 mw between 2pm and 4.30pm. From 7pm to 11pm, during which demand is covered by conventional electricity production as there is no photovoltaic production, demand is expected to hit […]

Events

48 h. ago Nvidia becomes world’s first $4 trillion company amid AI boom

Nvidia notched a market capitalization of $4 trillion on Wednesday, making it the first public company in the world to reach the milestone and solidifying its position as one of Wall Street’s most-favored stocks. Shares of the leading chip designer rose as much as 2.5 per cent to an all-time high of $164, benefiting from […]

Politics

48 h. ago Turkey hikes tax on lira deposits to lift revenue, curb dollar use

Turkey has raised the withholding tax on short-term Turkish lira deposits and investment funds by 2.5 percentage points, a move economists said was aimed at boosting budget revenues and curbing dollarisation. For deposit accounts with a maturity of up to six months, the rate was increased to 17.5 per cent from 15 per cent, a […]

Politics

55 h. ago Jet2 shares fall as 2026 outlook withheld amid booking delays

British low-cost airline and travel firm Jet2 (JET2.L) said it was premature to give a forecast for fiscal year 2026 as later bookings and global uncertainty clouded visibility into future business, sending shares sharply lower on Wednesday. The global travel and leisure sector is operating against the backdrop of geopolitical disruptions and inflationary cost pressures, […]

Politics

62 h. ago Starmer and Macron agree on need for new migrant deterrent, UK says

British Prime Minister Keir Starmer and French President Emmanuel Macron agreed on the need for new solutions to the problem of illegal migration on Wednesday, Starmer’s office said, laying the groundwork for a bilateral summit on Thursday. The two met for lunch during what is the first state visit by a European leader since Britain’s […]

Events

69 h. ago Cyprus trade turnover rises 5.7 per cent to €19.34 billion in 2023

Cyprus’ trade sector recorded positive growth in 2023, according to the state statistical service’s wholesale and retail trade survey, the results of which were released on Wednesday. Turnover and employment both increased during the reporting period, although value added at current prices fell slightly due to declining fuel prices. The report showed that total turnover […]

Politics

2 d. ago Fresh delays hit Cyprus LNG terminal project while FSRU awaits ‘missing components’

Fresh delays hit Cyprus LNG terminal project while FSRU awaits ‘missing components’  Tradewinds News

Events

2 d. ago Cyprus beer exports fall sharply in June, local sales edge up

Beer exports from factories in Cyprus fell by 24.2 per cent in June 2025 compared to the same month last year, according to data from the Statistical Service (Cystat) this week. Exports dropped to 245,087 litres from 323,278 litres in June 2024, while domestic consumption edged up by 1.5 per cent to 4,601,840 litres. As […]

Politics

3 d. ago North’s population ‘590,000 excluding students and soldiers’

The north’s population is 590,000, excluding foreign students and Turkish soldiers, ‘prime minister’ Unal Ustel said on Tuesday night. Speaking to Diyalog TV, he said the ruling coalition is working to create an “address-based census system” to record the north’s population, with that system said to be “80 per cent complete”. Additionally, he said, “the […]

Events