Cyprus

Turkey is reportedly discussing the idea of nuclear deterrence as the war involving Iran continues. The debate, reported by Cyprus Mail, reflects growing anxiety in the region about security and the risk of nuclear escalation. Observers see the discussion as a sign of how the conflict is pushing regional powers to rethink their strategic options.

Bank of Cyprus has begun allowing businesses and individuals to make payments directly in Indian rupees. The move removes the need for intermediary currencies such as the dollar or euro in India-related transactions, cutting costs and settlement times. Observers see it as a step towards deeper financial ties between the EU and India and a further internationalisation of the rupee.