Post-Brexit UK businesses struggle to trade with EU – Study
Almost a third of businesses that trade with the EU have suffered a decline or loss of business since new barriers to trade were introduced on January 1, according to a ...
UK to win exemption for financial services from minimum tax
Britain is set to secure an exemption for financial services from a new global tax system which was agreed by the Group of Seven economies to squeeze more money out ...
Banks still have essential role to play — Economist – Cyprus Economic Society
Do we still need banks? What role do they play in our society today?
The role of banks today has not changed, despite the many changes we have gone through, ...
Europe needs digital euro says French central bank governor
Europe’s sovereign control over its money is at risk if it does not push ahead with plans for a digital euro and a European payments system, France’s central ...
Egyptian billionaire Onsi Sawiris dies
Onsi Sawiris, the patriarch of a family of billionaire businessmen who launched a group of multinational companies under the Orascom umbrella, died on Tuesday at the age of 90, chairman of ...
Post-Brexit banks demand sharply higher fees for UK payments
Companies making payments from the UK to the EU are seeing sharply higher fees that add up quickly, a report in Finance Monthly shows.
Some European companies are also faced ...
Teenage entrepreneur creates innovative new companies in Cyprus
Arian Adeli started his first company when he was sixteen. The company has been successful, and so Arian has written a book to go with it. Since then, he and ...
HSBC humbled by China
On a rainy day last November, China Baowu Steel Group, the world’s largest steel maker, gathered its finance department for a training session on the outskirts of Shanghai. One ...
Cyprus must reduce the burden of debt with foreign immigration
By Pavlos Loizou, Managing Director, WiRE FS
It is a paradox that currently only a handful of people in Cyprus are still concerned with the matter of NPLs. Maybe they ...
ECB member: bank should retain emergency stimulus flexibility
The European Central Bank should retain the exceptional flexibility of its emergency bond buys after the current crisis, ECB board member Fabio Panetta said on Monday, setting the stage for ...
Frankfurt banker headcount to drop despite Brexit boost
Banking jobs in the German financial capital of Frankfurt are on the decline despite a boost from Brexit, according to a study by German lender Helaba.
Headcount at the city’...
Macron starts post-Brexit push to attract international finance
President Emmanuel Macron will declare that Paris is back on the map of global finance on Tuesday when he inaugurates JPMorgan’s new trading hub in the French capital which ...
UK bans cryptocurrency exchange Binance
Britain’s financial regulator has said Binance, one of the world’s largest cryptocurrency exchanges, cannot conduct any regulated activity and issued a warning to consumers about the platform, which ...
ECB expects to lift ban on bank dividend payments
The European Central Bank could lift a restriction on bank dividend payments in the coming months thanks to an improved macroeconomic scenario in the euro zone, ECB policymaker Pablo de ...
Pound struggles, despite UK prosperity
With the British economy seeming to go like gangbusters – UK GDP is expected to rise by 7.2 per cent in 2021, according to the OECD, 265 per cent job growth expected in the ...
Cyprus’ Delfi Partners brings digital transformation to real estate
“Talented developers, senior developers have to be involved with more innovative things and stay on top of current technologies, because as a developer, if you’re doing the same thing ...
‘Cyprus funds grow along with our reputation’ – CIFA President
Cyprus funds grew 14 per cent in terms of assets under management in the first quarter of 2021, to €9.8 billion.
We asked Andreas Yiasemides, president of the Cyprus Investment Funds Association, to ...
Hellenic Bank: New CEO and new CFO join board
The Board of Hellenic Bank on Wednesday at its Annual General Meeting elected two new members, and re-elected all of its other 11 members.
The two new members are both newly ...
Cyprus workers recovered hours, but lost income last year – Report
Workers in Cyprus have been working harder, with more hours and fewer absences, according to a recent report, but incomes are declining.
And, in spite of all that, economic sentiment ...
Cyprus Stock Exchange privatisation: Announcement in two weeks
The firm that will manage the privatisation of the Cyprus Stock Exchange (CSE) will be announced in two weeks, Board Chairman Marinos Christodoulides said on Wednesday.
A consultive firm will ...
Lebanon’s Kataeb party calls for ‘neutrality and decentralisation’ as alternative to meltdown
The Kataeb party is trying to unite the opposition around a coherent economic policy.
By George Eid and Andrew Rosenbaum
Lebanon is in desperate need of a viable economic policy.
...
Hellenic Bank sees positive change, directors say at AGM
Hellenic Bank announced on Wednesday at their Annual General Meeting for 2020 that the appointment of the new CEO Oliver Gatzke is awaiting the approval of both the European Central Bank ...
Turkey makes major effort to shore up lira, reserves
Turkey is in talks to secure currency swap agreements with four countries and is close to a deal with two of them, Central Bank Governor Sahap Kavcioglu said at a ...
EU future relationship with City of London ‘hinges on trust’
The European Union is not intent on stealing business from the City of London, but future access for Britain to the bloc’s financial market will hinge on whether it ...