Cyprus Sees Declining Registered Unemployment In December 2025: Easing Pressures Across Key Economic Sectors

by THEFUTURE.TEAM

January 7, 2026

Official data from the Cyprus Statistical Service (Cystat) confirms that registered unemployment in Cyprus fell in December 2025, signalling a measurable easing of pressures across key economic segments.

Overview Of The Decline

On the last day of December, 11,901 individuals were recorded as unemployed at District Labour Offices. Seasonally adjusted figures further underscore this improvement, declining from 10,013 persons in November to 9,916 persons in December 2025. When compared with December 2024, the overall registered unemployment dropped by 481 persons—a 3.9 percent reduction—illustrating the underlying trend of market stabilization.

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Sector Analysis And Trending Improvements

The encouraging statistics are largely attributed to gains in construction; accommodation and food service; trade; and manufacturing, with additional contribution from a reduction in newcomers joining the labour market. For instance, the construction sector reported a decline to 387 unemployed individuals in December 2025—down from 533 in December 2024—highlighting improved market conditions. Although trends varied across sectors, the broader pattern points to a more resilient and adapting economic environment.

Monthly Fluctuations And Detailed Dynamics

Throughout 2025, the raw number of registered unemployed fluctuated significantly—from a peak of 13,147 persons in January to a nadir of 7,099 in October—before rising towards year’s end. Detailed analyses across sectors such as accommodation and food service, wholesale and retail trade, manufacturing, and public administration reveal a blend of declines and moderate increases, collectively painting a nuanced picture of Cyprus’ dynamic labour market.

Conclusion: A Signal Of Economic Resilience

The downward trend in registered unemployment offers a promising signal for the Cypriot economy, underscoring the impact of strategic reforms and industry-specific improvements. While these figures focus on individuals actively seeking full-time employment through official channels, they serve as a benchmark for policymakers and business leaders aiming to maintain momentum in economic recovery and growth.

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Google Cloud Outage Disrupts Banking And Digital Services Across The UK

by THEFUTURE.TEAM

October 20, 2026

A power outage at a Google Cloud data centre near London disrupted services across the UK on Tuesday, affecting banks, businesses and other digital platforms. Google said the incident was caused by a power event at its cloud operations, with full recovery expected by around 1300 GMT.

The disruption began at 0608 GMT and affected Google Cloud services in the europe-west2 region, which is hosted in London. In an initial update, the company reported elevated error rates and intermittent network failures across multiple services as engineers worked to restore operations.

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Banking Services Hit By The Disruption

Revolut was among the most visibly affected companies, with customers reporting problems with ATM withdrawals, bank transfers and card top-ups. A source close to the matter linked the issues to the Google Cloud outage.

Traditional banks also reported disruptions. Lloyds said some customers were experiencing problems with its app and online banking, while HSBC confirmed difficulties accessing its services. HSBC added that it was monitoring the situation and noted that other organisations were affected as well.

Disruption Spreads Beyond Finance

Downdetector, which tracks online service disruptions, recorded hundreds of reports involving other businesses, including property website Rightmove and the Royal Mail postal service. The reports suggested that the outage was affecting multiple parts of the UK’s digital economy.

The incident highlights the risks facing businesses that depend on shared cloud infrastructure. Even a temporary failure at a single provider can disrupt services across several sectors, from banking and payments to logistics and consumer platforms.

Companies Reassure Customers

Revolut said it had been working to resolve the issue since it was identified and apologised to affected customers. The company also confirmed that customers’ money and data remained safe.

As cloud platforms underpin an increasing share of digital commerce, the outage illustrates how disruptions to critical infrastructure can spread far beyond the provider itself, affecting businesses and customers across the economy.

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