Breaking news

Cyprus Industrial Production Index Sees Robust Surge In November 2025

by THEFUTURE.TEAM

January 30, 2026

Data released by the Cyprus Statistical Service confirms a notable lift in industrial activity. In November 2025, the Cyprus Industrial Production Index reached 111.2 units—a striking 8.5% increase from the same month in the previous year—underscoring a dynamic rebound in the nation’s economy.

Overview Of Growth Trends

The index, anchored to the 2021 base year (set at 100 units), has driven an overall annual uptick of 3.7% for the period spanning January 1 to November 30, 2025, compared to 2024. Such a trend is reflective of broader recovery measures and sustained confidence in core industrial sectors.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Manufacturing Sector Drives Expansion

At the forefront of this progress is the manufacturing sector, which reported a robust 9.6% rise relative to November 2024. Notably, the production of other non-metallic mineral products surged dramatically by 83.6%, and combined advancements in furniture manufacturing, machinery repair, and installation contributed a 10.3% increase. Additionally, wood processing and basic metals manufacturing displayed strong gains of 9.3% and 8.9% respectively, further solidifying industrial resilience.

Sectoral Analysis And Key Contributors

In parallel, the mining and quarrying segment experienced a steep climb of 32.5%, while the water supply and materials recovery sector posted a 4.7% increase. However, not all areas shared this upward momentum; the electricity supply sector registered a modest decline of 0.9% in November, highlighting sector-specific challenges even amidst an overall positive industrial landscape.

Year-To-Date Trends And Future Outlook

From January through November 2025, the manufacturing segment—particularly the production of non-metallic mineral products—remained the standout, with an impressive annual increase of 13.3%. Other significant year-to-date contributors include basic metals and fabricated metal products at 8.7% and wood and cork products at 8.6%. Conversely, the manufacturing of paper products fell by 10.3%, and the textiles, wearing apparel, and leather products sector declined by 5.4%, with the electricity supply industry dropping by 1.8% compared to the previous year.

This comprehensive data underscores the vital role that diversified industrial activities play in shaping Cyprus’s economic landscape. As these sectors continue to evolve, the measured shifts in production not only serve as a barometer for current performance but also offer key insights for strategic decision-making in a globally competitive market.

The Future Forbes Realty Global Properties

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.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

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.