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News

Cyprus Mail
cyprus-mail.com

UK business confidence hits highest level since March in August

7+ hour, 21+ min ago   (253+ words) Cyprus Mail British businesses turned the most confident since March this month, bolstered by a ​rosier view of the economy, according to ‌a survey that echoes other signs of an improving outlook Lloyds, a bank, said that its…...

Cyprus Mail
cyprus-mail.com

UK shop price inflation jumps in August on rising food and tech costs

6+ hour, 51+ min ago   (269+ words) Cyprus Mail British retailers raised prices by the most in more than two years last month, ​as higher energy prices pushed up the cost ‌of some processed food and the artificial intelligence boom raised the cost of consumer…...

Cyprus Mail
cyprus-mail.com

Eurozone inflation surge strengthens case for ECB September rate hike

5+ hour, 41+ min ago   (515+ words) Euro zone inflation rose back above 3 per cent in August on higher energy costs, cementing an already ​solid case for another European Central Bank interest rate hike this month as the Iran war keeps putting upward ‌pressure on prices. Inflation…...

Cyprus Mail
cyprus-mail.com

Cyprus’ fiscal surplus rises to €771 million through July

1+ day, 23+ hour ago   (521+ words) Cyprus recorded a general government fiscal surplus of €770.6 million in the first seven months of 2026, equivalent to 2 per cent of GDP, according to preliminary figures released on Monday by the statistical service (Cystat). The surplus was €11m higher than the €759.6m recorded…...

Cyprus Mail
cyprus-mail.com

Cyprus shoppers turn selective as summer retail sales hold strong

6+ day, 23+ hour ago   (350+ words) Cyprus Mail Foreign residents boost Cyprus retail market Cyprus consumers are visiting supermarkets more often, comparing prices across several stores and avoiding unnecessary purchases However, the shift towards smaller baskets has not prevented the retail market from delivering a solid…...

Cyprus Mail
cyprus-mail.com

Brazil election rivals offer competing cures for high long-term interest rates

1+ week, 16+ hour ago   (438+ words) Brazil’s presidential campaigns are clashing over how to bring down long-term interest rates, with advisers to the leading candidates offering sharply different prescriptions for reducing borrowing costs across the economy. The debate has intensified ahead of Brazil’s October 4 election and…...

Cyprus Mail
cyprus-mail.com

How banks fund themselves affects the reach of ECB rate decisions, study finds

1+ week, 4+ day ago   (921+ words) The way euro area banks fund themselves can significantly affect how quickly and fully changes in ECB interest rates reach businesses and households, according to a recent working paper by the European Central Bank. The study shows that banks relying…...

cyprus-mail.com
cyprus-mail.com

UK grocery inflation eases further, says Worldpanel

2+ week, 21+ hour ago   (280+ words) British grocery price ‌inflation eased to its lowest level since October 2024 in August, market researcher Worldpanel by Numerator said on Tuesday, offering more respite to households grappling with elevated living costs. Like-for-like grocery inflation was ​2.1 per cent in the four…...

cyprus-mail.com
cyprus-mail.com

Bonds, stocks jolted as Middle East tensions shatter market calm

2+ week, 22+ hour ago   (460+ words) A selloff in U.S. government bonds ​picked up pace on Tuesday, sending the 30-year Treasury yield to a near two-decade high as ‌fears of an escalation in the Middle East war fuelled inflation worries and pressured stocks. Oil prices were in…...

cyprus-mail.com
cyprus-mail.com

Energy price shock curbed bank lending, ECB study finds

2+ week, 1+ day ago   (1114+ words) The surge in energy prices following Russia’s invasion of Ukraine significantly reduced bank lending to energy-intensive companies, according to an ECB working paper, with the study concluding that firms most exposed to higher energy costs borrowed less while banks also…...