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European Markets Tread Cautiously Following DeepSeek’s Shock To Global Tech

by THEFUTURE.TEAM

January 28, 2025

European stocks showed signs of recovery on Tuesday after the worldwide sell-off triggered by China’s DeepSeek, which unveiled an AI model built at a fraction of the cost of its American counterparts. The announcement sparked widespread concerns over the future profitability of the Artificial Intelligence sector, as well as the increasing reliance on pricey chips.

The Stoxx 600 index rose by 0.17%, buoyed by technology stocks, with Sartorius leading the charge. The biopharmaceutical company surged nearly 16%, thanks to a preliminary 2024 profit report that exceeded expectations and a “modestly positive” outlook for 2025.

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Among the regional indices, Germany’s DAX inched up 0.23% to 21,331 points, while the UK’s FTSE 100 made a more modest gain of 0.21%, reaching 8,521 points. On the flip side, France’s CAC 40 dropped by 0.30% to 7,883 points.

Peripheral markets showed mild optimism, with Italy’s FTSE MIB edging up by 0.21%, and Spain’s IBEX 35 moving up just 0.09%.

After Monday’s heavy losses, the STOXX Europe 600 Technology sector, which had fallen 3.3% due to setbacks from Dutch chipmaker ASML (-7%) and ASM International (-12%), found some stability, rebounding into positive territory by Tuesday.

Alten saw its stock jump 7.8% following its annual report, while Siemens Energy climbed 3.4% on news that it had exceeded revenue expectations for the first quarter, buoyed by strong demand for offshore wind turbines.

Results from SAP, Foxtons Group, and Logitech are expected later on Tuesday, adding more potential momentum to the market.

Across the Atlantic, the U.S. market also took a hit. The Nasdaq and S&P 500 saw sharp declines, as DeepSeek’s model caused ripples across tech stocks. However, the Dow Jones industrial average managed to reverse its losses, closing at its highest point of the day, fueled by rallies in Johnson & Johnson and Salesforce.

Nvidia, the chip giant at the heart of the tech sector, experienced a staggering $597 billion market capitalization loss on Monday—an unprecedented single-day wipeout in U.S. history. Its stock plummeted 17%, closing at $118.58, marking its worst trading day since March 16, 2020, during the early stages of the Covid-19 pandemic.

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Foreign Firms Contribute €3.5 Billion To Cyprus Economy In 2023

by THEFUTURE.TEAM

November 12, 2025

Recent Eurostat data reveals that Cyprus remains an outlier within the European Union, where foreign-controlled companies contribute minimally to the nation’s employment figures and economic output. While these enterprises have a substantial impact in other member states, in Cyprus they account for only 10 percent of all jobs, a figure comparable only to Italy and marginally higher than Greece’s 8 percent.

Employment Impact

The report highlights that foreign-controlled companies in Cyprus employ 32,119 individuals out of a total workforce that, across the EU, reaches 24,145,727. In contrast, countries such as Luxembourg boast a 45 percent job share in foreign-controlled firms, with Slovakia and the Czech Republic following closely at 28 percent.

Economic Output Analysis

In terms of economic contribution, these enterprises generated a total value added of €3.5 billion in Cyprus, a small fraction compared to the overall EU total of €2.39 trillion. Notably, Ireland leads with 71 percent of its value added stemming from foreign-controlled firms, followed by Luxembourg at 61 percent and Slovakia at 50 percent. On the lower end, France, Italy, Greece, and Germany exhibit values below 20 percent.

Domestic Versus Foreign Ownership

The data underscores Cyprus’s heavy reliance on domestically controlled enterprises for both employment and economic output. However, it is important to note that certain businesses might be owned by foreign nationals who have established companies under Cypriot jurisdiction. As a result, these firms are classified as domestically controlled despite having foreign ownership or management components.

Conclusion

This analysis emphasizes the unique role that foreign-controlled enterprises play within the Cypriot economy. While their overall impact is limited compared to some EU counterparts, the presence of these companies continues to contribute significantly to the island’s economic landscape.