4 h. ago Trump’s criticisms of EU create mounting fiscal policy challenges

President Donald Trump and Vice President JD Vance of the new US administration have recently levelled pointed criticisms on the policies and democratic values of Europe. They have criticised European states for not spending enough on defence and implying that in the event of a peace settlement of the Russian-Ukraine war, Europe would have to […]

Politics

6 h. ago UK firms cut staff before Reeves’ tax hike, PMI survey shows

British businesses are cutting staff at the fastest pace in more than four years ahead of a tax increase ordered by finance minister Rachel Reeves which has already prompted suppliers to jack up their prices, a survey showed this week. The preliminary reading of the UK S&P Composite Purchasing Managers’ Index (PMI) for February dipped […]

Politics

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

24 h. ago Meta reduces stock options for staff despite trading at record highs, FT reports

Meta Platforms has cut back on its yearly distribution of stock options by about 10 per cent for tens of thousands of employees despite the social media giant trading at record highs this month, the Financial Times reported on Thursday. Employees receive equity refreshers every year that make up the majority of their remuneration, alongside […]

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

45 h. ago Scientists find bats migrating across Cyprus for the first time

For the first time, bats that breed in coastal caves have been observed migrating across the country to spend the winter in Troodos. During their journey from the coast to the mountains, the bats travelled an estimated 60 kilometres. Scientists tracked three of these bats in underground tunnels in the Troodos area after equipping 100 […]

Politics

50 h. ago Trump, Putin meeting depends on progress toward ending Ukraine war

A possible meeting between U.S. President Donald Trump and Russian President Vladimir Putin “will largely depend on whether we can make any progress on ending the war in Ukraine,” U.S. Secretary of State Marco Rubio said on Thursday. Rubio said he discussed such a meeting when he met Russian Foreign Minister Sergei Lavrov in Saudi […]

Politics

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

61 h. ago Trump FBI pick Patel confirmed amid Justice Department tumult

The Republican-controlled U.S. Senate confirmed Kash Patel, President Donald Trump’s pick for FBI director, on Thursday, putting a Trump loyalist atop the nation’s most prominent law enforcement agency at a time of growing upheaval. Patel was confirmed by a 51-49 vote. Two moderate Republicans, Senators Susan Collins of Maine and Lisa Murkowski of Alaska, joined […]

Politics

62 h. ago Macron says he will tell Trump not to be weak with Putin in Washington visit

French President Emmanuel Macron said on Thursday he will travel to Washington to try to convince President Donald Trump that his interests were in line with European allies and that showing any weakness to Russia’s Vladimir Putin would make it harder to deal with China and Iran. “Trump, I know him. I respect him and […]

Politics

63 h. ago US Mideast envoy says Trump’s Gaza plan is about better prospects, not eviction

The United States’ envoy to the Middle East said on Thursday that President Donald Trump’s plan for Gaza was not about evicting Palestinians, and the conversation about Gaza’s future was being shifted towards how to create a better future for Palestinians. Trump proposed on February 4 the U.S. should take over Gaza, with Palestinians resettled […]

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

69 h. ago Europe needs to ‘wake up’ following US policy shift, Greek PM says

Europe should wake up and build its own defence policy following a dramatic shift by the United States over Ukraine and geopolitical developments in recent months, Greek Prime Minister Kyriakos Mitsotakis said late on Wednesday. U.S. President Donald Trump upended U.S. policy on the Ukraine war this week, denouncing Ukrainian President Volodymyr Zelenskiy as a […]

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 Our View: In football club fight, government loses either way

IN THE end the government’s attempt to settle the issue of the tax debts of the football clubs, through an absurd repayment scheme that would be covered by the taxpayer, proved a gross miscalculation. Rather than settling the matter, once and for all, which was the government’s objective, the scheme has not been implemented because […]

Sport

3 d. ago Cyprus tax board faces challenges as lawmakers push for reform

The Cyprus tax board is grappling with a series of operational issues that could undermine its efficiency, according to a House ethics committee session on Wednesday. The committee met, following a request by MPs Dimitris Dimitriou and Irene Charalambides, to discuss concerns ranging from understaffing to the board’s lack of legal recourse in challenging its […]

Politics

3 d. ago Environmentalists demand investigation into Paphos palm tree felling

Environmentalists have called for an in-depth investigation into the felling of 28 mature palm trees in Paphos, following a complaint from a local resident. “We insist that municipalities follow the correct procedure before cutting down trees,” Paphos Green party representative Andreas Evlavis told the Cyprus Mail on Thursday. “Any established mature tree must be inspected […]

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