Canada set to postpone Huawei 5G decision to after vote, given sour ties with China
Canada is likely to postpone a decision on whether to allow China’s Huawei Technologies Co Ltd to supply 5G network equipment until after the October
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Cyprus may face consequences over foreclosure changes, Georgiades says
Finance Minister Harris Georgiades warned Monday Cyprus may have to face consequences over the parliament’s decision to amend the law on foreclosures, effectively slowing down
Akinci submits gas cooperation proposal through UN (Update 3)
Turkish Cypriot leader Mustafa Akinci has formalised a proposal he has made in the past to set up a joint committee for cooperation on hydrocarbons
U.S. regulators approve $5 bln Facebook settlement over privacy issues
By David Shepardson and Diane Bartz July 12 (Reuters) – The U.S. Federal Trade Commission approved a roughly $5 billion settlement with Facebook Inc this week over
Parliament says yes to extending hydrocarbons’ licences
THE House on Friday approved regulations that allow the government to extend the licenses of companies exploring for hydrocarbons inside the island’s exclusive economic zone
Tourism revenue up in April
Revenue from tourism in April 2019 presented an increase of 3 per cent year-on-year after having recorded a drop in the two previous months. According
EU signals sanctions on Turkey over Cyprus drilling (updated)
By Gabriela Baczynska The European Union is set to curb contacts and funding for Ankara in retaliation for what it calls Turkey’s “illegal” drilling for
U.S. to probe French plan to tax tech companies
By David Shepardson WASHINGTON, July 10 (Reuters) – U.S. President Donald Trump on Wednesday ordered an investigation into France’s planned tax on technology companies, a
No decision on EU sanctions against Turkey, discussion to continue
EU sanctions against Turkey following its activity in the Cyprus EEZ are set to be agreed on Thursday by the Committee of Permanent Representatives in
EU sanctions against Turkey within expectations, government source says
The proposed measures against Turkey over its actions in Cyprus’ exclusive economic zone (EEZ) are within expectations, a government source was quoted as saying on
Turkey rejects claims that drilling off Cyprus illegitimate (update 2)
By Daren Butler Turkey said on Wednesday it rejected Greek and European Union assertions that Turkish drilling for gas and oil off Cyprus was illegitimate,
First steps taken in Estia debt relief scheme
The first steps have been taken to roll out the Estia debt relief scheme, although applications for the programme will not start until early September.
Public sector efficiency must improve say EU finance ministers
The EU’s finance ministers on Tuesday adopted recommendations and opinions on member states’ economic, employment and fiscal policies, including a package for Cyprus that mainly
Lawmakers begin reviewing proposals to extend hydrocarbons’ licences
Parliament on Tuesday began reviewing proposed changes to the law that would enable the government to extend the licences for companies exploring for hydrocarbons in
Cyprus-Greece ferry link by next summer, MPs told
A ferry link between mainland Greece and Cyprus is expected to be operational by next summer while the government is mulling over similar agreements with
BoC looking at more automation, cost-cutting, bank tells staff
Shifting to an increasingly automated environment, reduced red tape, and simplified processes created opportunities for cutting labour cost, an issue that the Bank of Cyprus
EU says Turkey’s actions of grave concern (Update 1)
The European Union said Turkey’s plans to launch a second hydrocarbon drill off the coast of Cyprus was a grave concern and an unacceptable escalation
Deutsche Bank axes whole teams in Asia-Pacific as 18,000 global job cuts begin
By Paulina Duran and Sumeet Chatterjee Deutsche Bank AG eliminated whole teams at its Asian operations on Monday, as the German lender began axing 18,000
Deutsche Bank to quit equities, shrink investment bank in 7.4 bln euro overhaul
Deutsche Bank plans to scrap its global equities business and scale back its investment bank in a sweeping, 7.4 billion euro overhaul designed to turn
BP’s Review of World Energy reflects rising global concerns
BP published its annual Statistical Review of World Energy report in London on June 11 – this records world energy developments in 2018. In his