21 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

22 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

26 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

28 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

30 h. ago UAE ready to raise oil capacity beyond 2027 if market needs grow

The United Arab Emirates could further boost its oil production capacity after 2027 if that is what markets require, its energy minister said on Thursday, signalling a move that could propel the country to the elite club of top five global oil producers. OPEC has granted the UAE a bigger production quota this year after […]

Politics

31 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

44 h. ago Mutuum Finance (MUTM) set to be 2025’s top Crypto performer, how does it compare to Dogecoin (DOGE) forecasts?

Mutuum Finance (MUTM) is rapidly gaining traction as a standout altcoin in the crypto market, with its presale now in Phase 5 at $0.03 per token. Having raised 12,000,000 and sold over 580 million tokens to 13,000 holders, the project showcases robust investor interest. Its dual lending model, CertiK-verified security, and upcoming stablecoin position it […]

Politics

51 h. ago Cyta subsidiary signs new collective agreements with trade unions

Cytacom Solutions Ltd, a subsidiary of Cyta, on Thursday announced that it recently signed the renewal of its collective labour agreements for the 2025–2027 period. These agreements, the company said, cover both its monthly and hourly-paid staff. Moreover, according to a statement issued by Cyta, the agreements “confirm the strong cooperation and mutual trust between […]

Politics

52 h. ago Cyprus deputy shipping minister visits UK to boost IMO council bid

Deputy Shipping Minister Marina Hadjimanolis,paid a working visit to London this week, aiming to strengthen bilateral ties with the United Kingdom. The trip also sought to promote Cyprus’ bid for re-election to the council of the International Maritime Organisation (IMO) for 2026-2027 in November. According to the announcement, the visit was marked by a bilateral […]

Politics

52 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

53 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

58 h. ago Our View: All the culprits of the LNG fiasco should be exposed

The Vassiliko gas terminal fiasco is not over by any stretch of the imagination. It is set to play and play as deputies were informed on Tuesday. A representative of the project manager that took over the LNG venture in May disappointed everyone at the House energy committee meeting when he informed them that he […]

Politics

68 h. ago Summer’s top Crypto play: Mutuum Finance (MUTM) on track for a 1000% upside at $0.03

In a season dominated by speculation and meme coin fatigue, smart money is starting to prioritize real-world crypto utility. Mutuum Finance (MUTM), now in Phase 5 of its presale at just $0.03, has captured that attention — not through hype, but through architecture. The project is raising the bar in decentralized finance by projecting a […]

Economics

68 h. ago Most undervalued altcoin right now? A hidden gem poised to beat XRP (XRP)’s 400% rally

While XRP chases regulatory victories and traditional remittance corridors, Mutuum Finance (MUTM) is engineering a fully decentralized ecosystem aimed at redefining how crypto lending and borrowing work—delivering a real solution to market inefficiencies. Analysts are starting to take notice, with many now projecting that Mutuum Finance (MUTM) could outperform XRP’s expected 400% rally before the […]

Politics

69 h. ago Electricity group raises alarm over LNG and GSI project delays

The Electricity Market Association (EMA) on Wednesday expressed concern over two critical energy projects that directly affect Cyprus’ energy future. These include the Vasilikos liquefied natural gas (LNG) terminal and the Cyprus-Greece electricity interconnection (GSI). In a statement following a House Energy Committee session on Tuesday, the Electricity Market Association (EMA) issued a call to […]

Events

3 d. 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

3 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

3 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

3 d. ago Cyprus considers electricity bill surcharge to fund €25 million energy project payment

Cyprus considers electricity bill surcharge to fund €25 million energy project payment  Kathimerini.com.cy

Economics