Bitcoin passes the ransom test
The classic ransom is a suitcase full of unmarked U.S. dollar bills. Bitcoin’s role in the Colonial Pipeline hack shows the global currency of crime...
Business
Britain’s financial watchdog reveals plan to bolster consumer protection
Britain’s financial watchdog on Friday proposed new “consumer duty” rules for financial services to protect people from scams and mis-selling, which have tarnished the industry...
Facebook faces prospect of ‘devastating’ data transfer ban after Irish ruling
Ireland’s data regulator can resume a probe that may trigger a ban on Facebook’s transatlantic data transfers, the High Court ruled on Friday, raising the...
Israel to see 5% growth this year, despite conflict
Global ratings agency S&P on Friday affirmed its long-term sovereign credit rating on Israel at “AA-/A-1+” and maintained its outlook at “stable”. Despite security and...
Malta-based medical cannabis firm taps fast-growing German market
Canadian-owned Malta-based pharmaceutical company Materia has just won European Union certification for its Malta-based production facility, allowing it to distribute medical cannabis flower across the...
EU losing battle to reclaim tax from multinationals, low-tax jurisdictions
The EU Commission’s attempt to harmonise tax rules and to limit advantages enjoyed by large companies in low-tax jurisdictions has suffered severe setbacks. On Wednesday,...
China lands probe on Mars
China on Saturday landed its Mars probe, Tianwen-1, on the red planet, ushering in a new chapter of China’s deep space exploration and marking another...
Luxury jet makers battle over lucrative spy plane niche
Last month, a ghostly grey business jet took off from central Sweden and headed across the Baltic on a routine spying mission. The converted Gulfstream,...
Musk tweets, dogecoin leaps and bitcoin retreats
Bitcoin was heading on Friday for its worst week since February, while dogecoin leapt by a quarter, as the latest tweets on cryptocurrencies from Tesla...
Silk Road int’l expo kicks off with 99 countries participating
The Fifth Silk Road International Exposition opened Tuesday in Xi’an, capital of northwest China’s Shaanxi Province, with deeper Belt and Road economic cooperation one of...
Airbnb bookings jump 52% as vaccinations spur vacation rental demand
Airbnb Inc saw gross bookings jump 52 per cent as speedy Covid-19 vaccinations and easing restrictions encouraged more people to check into its vacation rentals....
In Lebanon, fruit withers on the vine; drug smuggling has closed markets
Lebanon at this time is “a basket of fruit,” but now much of it will die on the vine or be sold for animal food,...
Cyprus businesses keeping their employees despite challenges
The majority of Cypriot businesses will keep the same number of employees during the following year a study by CMRC Cypronetwork LTD has revealed. This...
Cyprus’ best companies to work for in 2021 – Researcher
DHL Grant Thornton Cyprus Leroy Merlin Psaras Construction Co Ltd Nexxie Group Odyssey™ Cybersecurity Parimatch Vassos Eliades Ltd Unicars Nine companies make up the list...
Boeing wins FAA OK for 737 MAX electrical fix, notifies airlines
Boeing on Wednesday won approval from US regulators for a fix of an electrical grounding issue that had affected about 100 737 MAX aeroplanes, clearing...
In Apple vs Epic Games, battle of the experts gets personal
In its ongoing case against Apple Inc, “Fortnite” creator Epic Games is counting on this week’s testimony from its star expert witness David Evans, chairman...
Foreign IT firms must open offices in Russia under new draft law – lawmaker
Foreign technology companies will be forced to open offices in Russia or face penalties such as advertising bans under draft legislation, a senior lawmaker said...
Premier League clubs agree UK TV deal renewal
Premier League clubs have unanimously agreed on a three-year renewal of the league’s UK live and non-live broadcast deals with Sky Sports, BT Sport, Amazon...
Cyprus companies grow more high-tech; can workers keep up?
The move to remote working in the pandemic has raised the bar in technical skills at many companies in Cyprus. But what about workers? How...
Brexit: France to hold up financial services deal
Paris has said it will delay a European Union financial services deal with Britain until Prime Minister Boris Johnson grants European fishermen fair access to...