Ether falls 1 per cent ahead of major upgrade to network
Ether fell about 1 per cent on Wednesday ahead of a technical adjustment to its underlying ethereum blockchain that would alter the way transactions are...
Banking and Finance
Cyprus continues to partner with UK for business services, despite Brexit – Baker Tilly Cyprus
“Despite Brexit, despite the pandemic, the export of business services from Cyprus to the UK seem to have continued at a normal rate,” says Marios...
HSBC profit more than doubles, loan-loss fears ebb as economies rebound
HSBC Holdings beat forecasts on Monday with first-half pretax profit that more than doubled from last year when it set aside $7 billion to cover...
Twitter’s Dorsey leads $29 billion buyout of lending pioneer Afterpay
Square Inc, the payments firm of Twitter Inc (TWTR.N) co-founder Jack Dorsey, will purchase buy now, pay later (BNPL) pioneer Afterpay Ltd (APT.AX) for $29...
The Cyprus tech hub, data centres, and the premium on investment
A data centre is storage for bits and bytes, but it is also a store of value In the General Theory, John Maynard Keynes defined...
Hellenic Bank, Bank of Cyprus, RCB perform well on ECB stress tests
Hellenic Bank, RCB Bank and the Bank of Cyprus emerged with good performance on the European Central Bank’s 2021 stress tests, according to the statistics...
It’s a great time to buy Cyprus real estate
By Antoniou Markos, economist Acquiring real estate has always been one of the most stable investments the average person could make in their life. This...
Major Ethereum upgrade set to alter supply, fix transaction fees, raise price
Ethereum, the second-largest blockchain network, is about to undergo a technical adjustment that will significantly alter the way transactions are processed, as well as reduce...
Making the business case for data centres in Cyprus
“Overseas companies, for example, show great interest in Cyprus data centres, because Cyprus is part of the European Union, and thus is under the regime...
Cyprus: About 18% of ESTIA scheme applications approved
The Ministry of Finance has released the provisional results of its Estia housing loan subsidy scheme. From the 4,374 completed applications received, the ministry has...
NatWest ramps up investor payouts as profits bounce back
NatWest accelerated returning cash to shareholders on Friday after a return to profit, rounding out a week of vastly improved earnings for British banks as...
Turkish central bank sharply raises inflation forecast; lira slips
Turkey’s central bank raised its year-end inflation forecast to 14.1 per cent on Thursday. In a report released by the Turkish central bank, the bank’s...
Pound highest in over a month as dollar dips
The pound hit its highest in over a month against the dollar on Thursday, extending gains driven by a fall in coronavirus cases in Britain...
Barclays pays out more than $1 bln to investors as profits rebound
Barclays (BARC.L) will pay out more than a billion dollars in dividends and buybacks to shareholders after beating first-half profit forecasts as bad loan fears...
UK watchdog demands 40 per cent women in boardrooms
Britain’s financial regulator demanded the appointment of more women and non-white minorities to the leadership of Britain’s largest firms on Wednesday, saying at least 40...
Bitcoin breaks above $40,000
Bitcoin broke above $40,000 on Wednesday and headed for another attempt at breaking from its months -long range as short sellers bailed out and traders...
Cyprus Business Now
Property prices dropped in the second quarter of 2021 according to real estate data experts WiRE FS. On a quarterly basis, prices for apartments fell...
Hellenic Bank CEO Gatzke announces ambitious programme to ‘reshape’ organisation
The new CEO of Hellenic Bank Oliver Gatzke on Monday announced an ambitious programme to ‘reshape’ the organisation. “I am pleased to announce my...
Bitcoin nearly back to $40,000; ether close to $2,350
Cryptocurrencies popped to the top of recent ranges on Monday as short sellers bailed out in the wake of a strong week and while traders...
UK will take 20 years to manage pandemic debt
It will take 20 years to repay borrowings by the UK government for pandemic spending, reports released on Friday showed. The British government will be...