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...
Banking and Finance
Bitcoin plunges as Tesla’s Musk halts use of bitcoin for car purchases
Bitcoin fell more than 10 per cent after Tesla Inc will no longer accept bitcoin for car purchases, Chief Executive Elon Musk said on Wednesday,...
Cyprus can replicate NPL offensive in Italy with ‘bad bank’
By CITR Cyprus, part of the Impetum Group The Italian model, with a ‘bad bank,’ has seen success in managing NPLs. Business shutdowns, deferrals, job...
Amazon wins court fight against $303m EU tax order
Amazon on Wednesday won its fight against an EU order to pay about €250 million ($303 million) in back taxes to Luxembourg as Europe’s second...
Brexit: Northern Ireland trade rules ‘unsustainable’ says Frost
The way in which post-Brexit trade rules for Northern Ireland are operating may not be sustainable for long, Britain said on Tuesday, as firms count the...
Cyprus economy will rebound, but not dramatically — economist
For economist George Syrichas, former executive director and board member of the Central Bank of Cyprus, currently advisor to the Economic Research Centre, University of...
Moody’s warns of possible underperformance of Cyprus banks
The loans on the books of EU banks that remain under long-running moratoria are more likely to underperform, with credit quality particularly uncertain in Cyprus,...
Ethereum at all time high of $4,200; rally expected to continue
Ethereum’s ether climbed to a new peak for a third straight day on Monday on continued optimism about further growth in decentralised finance or “DeFi”,...
A digital euro: upcoming innovation with numerous implications for daily life
By Andrey Afanasiev A digital euro will be one of the innovations that could change our daily life in the very near future. The purpose...
Insurers, having lost $100bn, seek new ways to deal with pandemics
When much of the global economy locked down last year, insurers, facing estimated losses of more than $100 billion globally, reached straight for their red...
Dogecoin tumbles after Elon Musk calls it a ‘hustle’
Dogecoin lost more than a third of its price on Sunday, after Tesla chief and cryptocurrency supporter Elon Musk called it a ‘hustle’ during his...
Pound expected to dip against euro – analysts
The decisions by the Bank of England Monetary Policy Committee on Thursday to hold rates, and to reduce the speed of its asset purchase programme...
Europe’s consumers should expect price rises
Europe’s consumers will feel the hit from price rises this year as companies seek to recoup revenues and cover pandemic-related costs. But for now, this...
Real estate investment in a post-Covid world
“Residential for rent is where I see a lot of capital chasing product, given the affordability constraints of buying vs. renting. The investment in this...
US economy likely created nearly a million jobs in April
US employers likely hired nearly a million workers in April as they rushed to meet a surge in demand, unleashed by the reopening of the...
Cyprus Finance Ministry seeks VAT payment extension
As part of measures to support companies facing liquidity problems due to the Covid-19 pandemic, the Ministry of Finance announced plans to allow partial monthly...
Biden administration to back suspending Covid-19 vaccine patents
In a major shift on intellectual property rights, the US administration has backed lifting patents of Covid-19 vaccines in order to speed up vaccination of...
Turkish central bank holds key interest rate at 19%; lira stays at 10 to euro
Turkey’s central bank announced in a press release on Thursday that it chose to keep its key interest rate unchanged at 19 per cent, in...
Cyprus Recovery plan to create 15,000 jobs
The Cyprus National Recovery and Resilience Plan is expected to create about 15,000 jobs, according to a preliminary review by the University of Cyprus. The...
Hong Kong multimillionaires increase in numbers
A survey released on Thursday by Citibank Hong Kong showed that the number of multi-millionaires in Hong Kong has reached 515,000, up 2.18 per cent...