https://knews.kathimerini.com.cy/en/news/fed-cuts-rates-by-0-25-economic-activity-expands-steadily
The Federal Reserve on Thursday cut interest rates by 0.25 percentage points for the second consecutive meeting, bringing the target range to 4.50% to 4.75%, as expected. The decision was unanimous....
https://knews.kathimerini.com.cy/en/news/banks-see-boost-from-ecb-rate-cuts
The Association of the Cyprus Banks (ACB) said on Thursday that it sees further progress in the economy, driven by the reduction of interest rates......
https://knews.kathimerini.com.cy/en/news/countdown-to-black-friday-tips-to-avoid-scams
As Black Friday approaches on Nov. 29, businesses worldwide are gearing up for significant sales events. Recognized as the unofficial start of the holiday shopping season in the U.S. since 1952, Black Friday is observed on the fourth Friday in November, the day after Thanksgiving....
https://knews.kathimerini.com.cy/en/news/public-sector-salaries-to-increase-by-1-5-starting-october-2024
Cyprus' House of Representatives has passed an agreement between the government and trade unions to implement a general 1.5% wage increase for public......
https://knews.kathimerini.com.cy/en/news/ecb-cuts-rates-again-as-eurozone-inflation-and-economy-struggle
The European Central Bank (ECB) has cut interest rates for the third time, marking the first consecutive reduction in 13 years....
https://knews.kathimerini.com.cy/en/news/whatsapp-and-instagram-teams-face-job-cuts-in-meta-overhaul
Meta has started implementing layoffs across various departments, including WhatsApp, Instagram, and Reality Labs, according to sources familiar with the matter....
https://knews.kathimerini.com.cy/en/news/global-debt-to-exceed-$100-trillion-this-year
Global public debt is nearing the size of the world economy, posing risks to living standards in developed nations, the International Monetary Fund (IMF) warned....
https://knews.kathimerini.com.cy/en/news/bank-profits-in-crosshairs-as-tax-talks-heat-up
The future of a special tax on bank deposits paid to the state may be heading for a shift, though a final decision is not guaranteed. ...
https://knews.kathimerini.com.cy/en/news/ecb-cautiously-prepares-for-further-rate-reductions
The intention of the central bankers on the European Central Bank’s (ECB) Governing Council to proceed with another interest rate cut next week, as inflation data proves favorable, is indirectly but clearly reflected in the minutes of their last meeting, released today....
https://knews.kathimerini.com.cy/en/news/cypriot-economy-shows-resilience-growth-outpaces-eu-average
The Governor of the Central Bank of Cyprus, Christodoulos Patsalides, has called on banks to consider the social dimension of their pricing policies......
https://knews.kathimerini.com.cy/en/news/eu-cuts-funds-to-hungary-over-unpaid-asylum-fine
The European Union has begun the process of reclaiming hundreds of millions of euros meant for Hungary after the country's government refused to pay a significant fine for violating the bloc’s asylum rules....
https://knews.kathimerini.com.cy/en/news/ecb-cuts-key-interest-rate-to-3-5-amid-slowing-inflation-and-growth-concerns
The European Central Bank (ECB) cut its key interest rate by 25 basis points to 3.5%, responding to slowing inflation in the Eurozone and concerns over weak growth. ...
https://knews.kathimerini.com.cy/en/news/ecb-set-to-cut-key-interest-rate-by-0-25-in-upcoming-meeting
The European Central Bank (ECB) is expected to reduce its key interest rate by 0.25% on Thursday, according to most economists in Greece and the Eurozone....
https://knews.kathimerini.com.cy/en/news/cyprus-has-second-largest-decrease-in-firefighter-jobs-across-eu
The number of firefighters was cut in 12 EU member states, including Cyprus, in 2023, while Cyprus was the country with the second largest drop in the employment of firefighters that year, according to an analysis by the European Trade Union Confederation (ETUC) of EU Labour Force Survey data which was also published recently by Eurostat.
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https://knews.kathimerini.com.cy/en/news/ecb-cuts-cypriot-bond-holdings-to-€6-38-billion
The value of Cypriot sovereign bonds held by the Eurosystem, as part of the Public Sector Purchases Programme (PSPP) and the Pandemic Emergency Purchases Programme (PEPP) declined to €6.38 billion......
https://knews.kathimerini.com.cy/en/news/ema-slams-eac-for-undermining-electricity-market-competition
The Electricity Market Association (EMA) is expressing concern over recent requests made by the Electricity Authority of Cyprus (EAC) to President Nicos Christodoulides....
https://knews.kathimerini.com.cy/en/news/kamala-harris-unveils-economic-plan-with-tax-cuts-and-housing-focus
Vice President Kamala Harris is set to present a comprehensive economic plan during a major policy speech in Raleigh, North Carolina, on Friday....
https://knews.kathimerini.com.cy/en/news/wind-energy-helps-end-power-cuts-across-cyprus
With the help of wind energy, the power cuts that occurred in various areas across Cyprus on Friday afternoon due to a technical failure in the generation system that affected generation units in Dhekelia and Vasilikos stopped....
https://knews.kathimerini.com.cy/en/news/power-outages-sweep-cyprus-after-technical-fault
A technical issue at 6 p.m. Wednesday caused widespread power outages across Cyprus, prompting the Cyprus Transmission System Operator (TSOC) to urge residents to cut back on electricity use....
https://knews.kathimerini.com.cy/en/news/uk-unemployment-falls-to-4-2
Britain’s unemployment rate fell to 4.2% in the second quarter, down from 4.4% in the previous quarter, according to data released Tuesday by the Office for National Statistics (ONS)....
https://knews.kathimerini.com.cy/en/news/cyprus-green-energy-struggles-as-market-changes-loom
Cyprus is gearing up for a major shake-up in its electricity market by 2025, but concerns are growing over how this will impact investments in renewable energy....
https://knews.kathimerini.com.cy/en/business/ft-global-stock-markets-tumble-amid-us-recession-fears
Global stock markets experienced significant declines on Monday as concerns about a potential US recession led investors to abandon risky assets....
https://knews.kathimerini.com.cy/en/business/bank-of-england-cuts-interest-rates-after-nearly-a-year-of-stability
The Bank of England (BoE) has cut interest rates for the first time since the start of the COVID-19 pandemic, dropping them from a 16-year high. This decision, made by a narrow 5-4 vote, reflects a split among policymakers about whether inflation is under control....
https://knews.kathimerini.com.cy/en/business/1-july-newsletter-of-k-treppides-co-ltd-cyprus-securities-and-exchange-commission
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....
https://knews.kathimerini.com.cy/en/business/july-newsletter-of-k-treppides-co-ltd-cyprus-securities-and-exchange-commission
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....
https://knews.kathimerini.com.cy/en/business/ft-unilever-to-cut-1-3-of-its-office-jobs-in-europe
Unilever, one of the largest distributors of consumer goods such as Dove, and BEn & Jerry's, Lipton, Knorr, etc., has announced plans to eliminate a third of its office-based roles in Europe by the end of 2025, ...
https://knews.kathimerini.com.cy/en/news/bronze-age-relics-unearthed-at-erimi-pitharka-limassol
The Erimi-Pitharka archaeological site, in Limassol district, dates to the Late Bronze Age, in accordance with previous findings, a press release issued by the Department of Antiquities of the Deputy Ministry of Culture says....
https://knews.kathimerini.com.cy/en/news/american-artist-turns-cyprus-ancient-stones-into-vibrant-art
Have you ever heard of any Cypriot artists climbing up into the mountains on an extremely hot day just to collect stones and extract colors?...
https://knews.kathimerini.com.cy/en/news/meet-kevin-the-world-s-tallest-dog
The Iowa great dane that was recently crowned the world’s tallest dog is the same height as the average three-year-old child – and is often mistaken for being a horse. ...
https://knews.kathimerini.com.cy/en/news/cyprus-cuts-migrant-arrivals-by-50-earns-european-praise
Cyprus continues to grapple with a significant migration challenge, a situation that has evolved into a complex and multifaceted issue. ...
