All Articles

Interest rates are widely expected to remain unchanged as the Bank of England’s Monetary Policy Committee (MPC) convenes for its first policy meeting of the year.   In December, the MPC voted to reduce the Bank rate from 4% to 3.75%, while indicating that borrowing costs were “likely to continue on a gradual downward path.” The Bank rate is the committee’s main instrument for steering inflation — which measures the yearly pace of rising prices — toward its 2% target. It also

Gold prices jumped more than 5 per cent on Tuesday, putting the metal on pace for its strongest single-day performance since November 2008, while silver also rallied sharply as precious metals rebounded from their steepest two-day decline in decades. Market analysts say the recovery may have further to run, with expectations that both metals could reach new record highs later this year. Spot gold rose 5.8 per cent to $4,935.56 an ounce by 0818 GMT. The move followed a sharp s

Euro area net saving declined to €863 billion in the four quarters to the third quarter of 2025, down from €877 billion recorded in the four quarters to the previous quarter, according to data published by the European Central Bank. The latest figure represented 6.9 per cent of euro area net disposable income. Over the same period, net non-financial investment across the euro area rose to €590 billion, equivalent to 4.7 per cent of net disposable income, with the ECB noting t

A recent survey conducted by the European Central Bank indicated a modest increase in how consumers perceive past inflation, alongside notable movements in expectations related to inflation, income, growth, housing and credit conditions. According to the ECB, the median rate of inflation perceived by consumers over the previous 12 months edged up to 3.2 per cent, compared with 3.1 per cent recorded in November. At the same time, median expectations for inflation over the comi

Household real consumption per capita in the euro area rose by 0.4 per cent during the third quarter of 2025, maintaining the same pace of growth recorded in the previous quarter, according to data released by Eurostat.   Over the same three-month period, household real income per capita in the euro area increased by a more modest 0.1 per cent, following a stronger rise of 0.5 per cent in the second quarter of 2025.   Across the European Union as a whole, household real consu

Institutional investors are allocating to private markets at unprecedented levels, according to newly released research that points to a sustained shift in global portfolio construction. The latest annual Private Markets Study from UK-based Aviva Investors shows that private markets now account for 12.5% of total portfolios worldwide. The research also indicates that momentum is far from slowing. Nearly half of respondents (49%) said they expect to raise their exposure to pri

The world’s richest football clubs generated record revenues of €12.4 billion in the 2024-25 season, underscoring a decisive shift away from reliance on domestic broadcast deals and toward commercial growth, stadium monetisation, and global brand expansion, according to the latest Deloitte Football Money League. The 29th edition of the annual report shows revenues among the top 20 clubs rising 11% year on year, with Real Madrid once again leading the way after becoming the fi

Cyprus Shipping Deputy Minister Marina Hadjimanolis has concluded a three-day working visit to the United Kingdom, during which she held a series of high-level meetings in London with British officials and key figures from the international maritime sector.   The discussions provided an opportunity to outline Cyprus’ national shipping policy and to present the priorities associated with the country’s forthcoming Presidency of the Council of the European Union.   The visit too

Gold climbed to a new all-time high on Wednesday, while global equity markets retreated, as investors reacted to escalating geopolitical tensions and awaited the arrival of US President Donald Trump at the World Economic Forum in Davos.   Precious metals advanced, stocks weakened, and concerns over the US dollar resurfaced amid a deepening dispute between the United States and the European Union over Greenland.   The price of gold surged past $4,800 per ounce, marking another

Beginning January 16, Chinese passport holders traveling to the Philippines for tourism or business purposes may enter the country without a visa for stays of up to 14 days. The initiative, which will remain in force for one year, is limited to arrivals through two major gateways: the Ninoy Aquino International Airport (NAIA) in Metro Manila and the Mactan-Cebu International Airport (MCIA) in Cebu. The Department of Foreign Affairs (DFA) announced the new arrangement on Thurs

Interest rates set by the Bank of England are likely to keep moving lower as inflation appears on track to return to the central bank’s 2 per cent goal sooner than previously expected, according to comments made by policymaker Alan Taylor on Wednesday.   Speaking in prepared remarks for an event at the National University of Singapore, Taylor said the inflation outlook had improved notably compared with earlier projections. “We can now see inflation at target in mid-2026, rat

U.S. financial stocks and UK-listed lenders fell sharply on Monday after President Donald Trump proposed a one-year cap on credit card interest rates, threatening a significant revenue stream for the sector. Investors are now weighing the impact of the proposal amid ongoing interest-rate uncertainty, a development that may undercut the potential boost from a rotation into value stocks. On Friday, Trump called for a 10 per cent cap on credit card interest rates starting Januar

The global server market surged to an unprecedented $112.4 billion in revenue in the third quarter of 2025, marking a new record, according to figures from the International Data Corporation’s (IDC) Worldwide Quarterly Server Tracker.   The quarter delivered another period of robust expansion, with total vendor revenue climbing 61 per cent year-on-year compared with the same quarter in 2024. Growth was driven by strong demand across both traditional and accelerated server seg

Net new loans in Cyprus declined in November 2025, according to a report released this week by the Central Bank of Cyprus. Specifically, net new loans fell to €256.3 million from total new loans of €565.2 million, compared with €429.4 million from total new loans of €624.9 million in October 2025. The Central Bank’s report also included statistical data on average interest rates applied by monetary financial institutions in Cyprus on deposits and loans to euro area residents

At a time of intense international turbulence and widespread uncertainty, Cyprus has demonstrated that it can maintain stability and safeguard its growth prospects, according to Yannis Misirlis, chairman of the Cyprus Property Developers Association. He underlined that the country has shown notable resilience after enduring successive years of pressure, stressing that despite ongoing challenges, the real estate development sector continues to act as a key engine of the nation

The Cypriot economy sustained a strong and steady course through December 29, 2025, with the government managing to steer through a challenging international environment while advancing far-reaching domestic reforms. Globally, uncertainty intensified early in the year as renewed trade frictions surfaced following tariff announcements by US President Donald Trump, reigniting concerns over rising inflation and a potential deceleration in global economic growth. These developmen

Eurobank announced this week that it has repurchased 682,000 of its own shares on the Athens Stock Exchange during the period from December 22 to December 26, 2025, as part of its authorised share buyback programme, a move intended to implement decisions taken by both its shareholders and its board of directors. According to the bank, the shares were acquired at an average price of €3.5172 per share, with the total value of the transactions amounting to €2.4 million. As a res

The Cyprus Chamber of Commerce and Industry (KEBE) has welcomed parliament’s approval of Cyprus’ long-anticipated tax reform, describing it as a decisive step towards modernising the country’s fiscal framework and reinforcing its competitiveness.   In a statement issued on Monday, the chamber said the reform “marks a historic step” in upgrading the tax system at a time when the Cypriot economy is seeking sustainable growth and increased investment. KEBE said the adoption of t

Hourly labour costs in Cyprus rose by 3.5 per cent in the third quarter of 2025, placing the country close to the European Union average and reflecting ongoing wage and cost pressures faced by employers across Europe, according to the latest figures released by Eurostat.   Data from the EU’s statistical office show that during the same period, hourly labour costs increased by 3.3 per cent in the euro area and by 3.7 per cent across the EU as a whole, compared with the third q

Greece has taken another step in shedding the legacy of its sovereign debt crisis by repaying a portion of its eurozone bailout loans well ahead of schedule, a move aimed at strengthening investor confidence and reducing long-term borrowing costs.   This week, Athens completed the early repayment of €5.3bn in loans issued under the first eurozone bailout programme. These obligations were originally set to mature after 2031, with some extending into the 2040s. Paying them down