Financial economics

Consumers in Cyprus are increasingly worried about their financial future, as rising food costs and economic challenges weigh heavily on the island's households, according to a recent survey.

The government is ending all talk of "what will happen after 2032" with the Greek debt, when the interest payment of the second bailout begins - an issue frequently raised as a concern by some, even if in reality there is no such concern - thanks to the excellent management by the Public Debt Management Agency (PDMA), completely changing the policy around the debt.

Asian equities fluctuated Thursday, while the dollar held gains and bitcoin hit a fresh record as markets attempted to ascertain the consequences of a second Donald Trump presidency after he pledged to cut taxes and ramp up tariffs with an eye on China.

Türkiye is at risk of significant inflationary pressure through food prices driven by climate change, according to researchers at the country's Central Bank.

Climate change has not only become a major threat to sustainability and food security but also to price stability, they warned.

Annual inflation increased by 2.7% in July, according to ELSTAT.

Chinese consumer inflation rose more than expected in July to hit a five-month high, data showed on Aug. 9, providing some much-needed positive news on the world's number-two economy.

The reading comes as authorities struggle to kickstart activity among the country's army of consumers, with officials last week issuing a set of directives aimed at boosting buying.

The government considers updating its medium-term economic program in September, Vice President Cevdet Yılmaz has said, adding that, however, policy set will remain intact.

"Over the past year some developments occurred in the world and Türkiye. Under light of those developments, we will update the program," Yılmaz said during an interview with private broadcaster CNN Türk.

BELGRADE - The National Bank of Serbia (NBS) Executive Board decided on Thursday to trim the key policy rate to 6.25 pct and the rates on deposit and lending facilities were also lowered to 5.00 pct and 7.50 pct, respectively.

BELGRADE - The National Bank of Serbia (NBS) Executive Board decided on Friday to keep the key policy rate on hold at 6.50 pct.

The rates on deposit (5.25 pct) and lending (7.75 pct) facilities also remained unchanged.

There has been a lot of business activity recently in the food and beverage industry, as well as in organized food retail, with the conditions appearing to be ripe for the completion of corporate mergers and acquisitions.