3 h. ago Orange weather alert issued for Sunday as ‘Coral’ hits Cyprus

The met office on Sunday issued a new orange weather warning for extremely low temperatures as the weather system ‘Coral’ continues to affect the island.  According to the met office, the minimum temperature in the mountains is expected to fall to -10C.  The warning will be in effect from 10pm on Sunday until 8am on […]

Events

7 h. ago Bank of Israel expected to hold rates again after inflation spike

The Bank of Israel is expected to leave short-term interest rates unchanged at a policy meeting next week after inflation spiked in January, although analysts believe a rate cut is possible in the coming months should price pressures ease. All 13 economists polled by Reuters said they expected the central bank to keep its benchmark […]

Politics

30 h. ago Britons cheer up a bit, helped by Bank of England rate cut, survey shows

British consumers turned a little less pessimistic this month as the Bank of England’s latest interest rate cut led to an improvement in expectations for their household finances, according to a survey published on Friday. The monthly consumer confidence index published by market research firm GfK edged up in February to -20 from January’s -22 […]

Politics

44 h. ago Two new generators to be installed at Dhekelia power station

A tender process with the aim of installing two new generators at the Dhekelia power station has begun, Energy Minister George Papanastasiou said on Friday. Speaking after a meeting with executives from Cyprus’ transmission system operator (TSO), he said the aim of the new generators’ purchase is to limit the costs borne by the government […]

Politics

45 h. ago Tourism minister optimistic about Cyprus’ 2025 prospects despite challenges

Deputy Minister of Tourism Kostas Koumis on Friday expressed optimism about Cyprus’ tourism sector in 2025. He pointed out that “strategic planning is essential” as the industry enters a new cycle with fresh challenges and evolving traveller expectations. Koumis’ comments were delivered by tourism ministry general manager Costas Constantinou at at the opening ceremony of […]

Politics

46 h. ago 500,000 smart meters to transform Cyprus’ energy use by 2028

Households and businesses across Cyprus will soon have better control over their electricity costs, thanks to the nationwide rollout of smart meters by the electricity authority of Cyprus (EAC). With 500,000 smart meters set to be installed by 2028, the ambitious project aims to help consumers monitor their energy usage in real-time while enhancing the […]

Politics

49 h. ago Eurobank Cyprus aims for steady and sustainable investment growth

The significant prospects in the investment sector and the impact of Artificial Intelligence (AI) on the market were the focus of the interesting conference ‘Money Conference 2025: Investment Outlook Opportunities & the AI Impact’, which was held in Nicosia this week. The conference, which was organised for the seventh consecutive year, attracted distinguished speakers from […]

Economics

52 h. ago Elon Musk wields the chainsaw as Trump slashes 6,000 IRS jobs

A tearful executive at the US Internal Revenue Service told staffers on Thursday that about 6,000 employees would be fired, a person familiar with the matter said, in a move that would eliminate roughly 6% of the agency’s workforce in the middle of the busy tax-filing season. The cuts are part of President Donald Trump’s […]

Politics

53 h. ago Cyprus Business Now: global digital maturity, employment, uncertainty in shipping raised

The Digital Cooperation Organisation (DCO) on Wednesday successfully concluded its fourth general assembly in Jordan, with the endorsement of a comprehensive 2025-2028 agenda aimed at advancing digital maturity across its member states. The Digital Cooperation Organisation (DCO) is a global multilateral organisation committed to enabling digital prosperity for all by accelerating the inclusive growth of […]

Politics

54 h. ago Temps continue to plummet, close to freezing overnight inland

Cold weather front Coral continues to move in on Friday with temperatures dropping sharply. The day will be cloudy with isolated rains, and snow is expected in the mountains as well as some semi-mountainous areas. Temperatures will rise to 10C inland, 12C on the coast, and 1C in the mountains where frost will form. Winds […]

Politics

54 h. ago Temps continue to plummet, inland close to freezing overnight

Cold weather front Coral continues to move in on Friday with temperatures dropping sharply. The day will be cloudy with isolated rains, and snow is expected in the mountains as well as some semi-mountainous areas. Temperatures will rise to 10C inland, 12C on the coast, and 1C in the mountains where frost will form. Winds […]

Politics

67 h. ago Shiba Inu (SHIB) vs. Dogecoin (DOGE): Forget both, viral Crypto under $0.25 will outrun them with a 17964% pump

Shiba Inu (SHIB) and Dogecoin (DOGE) have dominated the crypto space for the last four years, performing astronomically in the 2021 bull run. But since then they have declined almost 50% from their peak. Meanwhile, one crypto coin under $0.25 has been making headlines, with analysts predicting a staggering 17964% pump, positioning it as a […]

Politics

3 d. ago Two more arrests made in connection with bizarre criminal group

Two more people were arrested in the early hours of Thursday in connection with police investigations into the bizarre criminal groups which has made headlines in recent weeks after using forged state seals and impersonating officials. Their arrests bring the total number of arrests to five, with the arrestees a 45-year-old man and a 42-year-old […]

Events

3 d. ago UK inflation jumps more than expected in January, testing the BoE’s outlook

British inflation sped up by more than expected to hit a 10-month high of 3 per cent in January and is likely to rise further soon, testing the Bank of England’s confidence that price pressures will ease over the longer term. The BoE and economists polled by Reuters had expected inflation to rise by less, […]

Politics

3 d. ago HSBC eyes $1.8 billion in cost cuts by 2026 as new CEO looks to boost returns

HSBC on Wednesday said it aims to save $1.8 billion in costs by the end of next year, as its new CEO revamps the bank to boost profit while navigating mixed interest rate policies and profound geopolitical changes. The Asia-focused lender booked earnings for 2024 that beat market expectations and announced a new $2 billion […]

Economics

3 d. ago Cyprus highlights strategic role as digital hub at DCO assembly

The Digital Cooperation Organisation (DCO) on Wednesday successfully concluded its fourth general assembly in Jordan, with the endorsement of a comprehensive 2025-2028 agenda aimed at advancing digital maturity across its member states. The Digital Cooperation Organisation (DCO) is a global multilateral organisation committed to enabling digital prosperity for all by accelerating the inclusive growth of […]

Politics

3 d. ago Macron and Starmer head to Washington for Ukraine crisis talks

French President Emmanuel Macron and British Prime Minister Keir Starmer will visit Washington next week, amid other meetings aimed at bringing an end to Russia’s war in Ukraine, U.S. national security advisor Mike Waltz said on Wednesday. Asked about the chances of reaching a peace deal between Russia and Ukraine, Waltz told Fox News in an interview: “We’re engaging on all sides, […]

Events

3 d. ago Trump tells ‘dictator’ Zelenskiy to move fast for peace or lose his country

U.S. President Donald Trump denounced Ukrainian President Volodymyr Zelenskiy as “a dictator without elections” and said he better move fast to secure a peace or he would have no country left. Trump spoke hours after Zelenskiy hit back at his suggestion that Ukraine was responsible for Russia’s 2022 full-scale invasion, saying the U.S. president was […]

Politics

3 d. ago DOGE rival at $0.20 builds momentum as Dogecoin flashes buy signal following 30% drop at the start of the month

Well-known players in the cryptocurrency domain, like Dogecoin (DOGE), have had the upper hand in this space for quite some time, but a new competitor, Rexas Finance (RXS), is moving swiftly and could take the spotlight at any moment. While Dogecoin is struggling, Rexas Finance is making strides and could see substantial growth by 2025. […]

Economics

3 d. ago Cyprus to receive €3.5m from EU in emergency support for farmers

EU member states approved €3.5 million in emergency support for farmers in Cyprus, approving a European Commission proposal for assistance to address the impact of natural disasters since spring 2024. The aid will have to be distributed to farmers by September 30. The measure aims at supporting farmers who have lost production and subsequently income […]

Politics