Banking and Finance

Poly Network, the cryptocurrency platform which lost $610 million in a hack earlier this week, confirmed on Friday it had offered the hacker or hackers a $500,000 “bug bounty”. In a statement, ...

The Federal Reserve will announce a plan to taper its asset purchases in September, according to a solid majority of economists polled by Reuters who also said the US jobless ...

The Cyprus Securities and Exchange Commission (CySEC) has issued a warning (see full text below) that a website hosted in India is set up as an impostor or counterfeit of ...

Lebanon’s Central Bank Governor Riad Salameh announced on Wednesday that the central bank will lift subsidies on fuel imports, al-Jadeed local TV channel reported. “The Central Bank of Lebanon ...

For the euro area, as in the world as a whole, output is recovering back toward the pre-pandemic trajectory, economists have predicted. “While the Delta variant means the picture could ...

The Covid-19 pandemic has accelerated the move to cashless payments, a study shows. “Between 2009 and 2014 the total value of cash-free transactions worldwide increased by almost half, from £269 billion to £389.7 billion,” ...

Coinbase Global Inc reported a more than 1,500 per cent jump in quarterly trading volumes on Tuesday, as the US cryptocurrency exchange consolidated its huge expansion at the start of this ...

Business in Limassol is better this year by Kyriacos Nicolaou and Andrew Rosenbaum Business in Limassol is “not as gloomy” this year as it was in 2020, according to a survey ...

Broad inflation risks are beginning to cast a shadow over the European economy, though analysts say the trend is still not serious enough to spark changes in monetary policy. Eurostat, ...

The pound extended recent gains to hit its strongest level since February 2020 against the euro on Friday, but it fell versus the dollar after better-than-expected U.S. payrolls data boosted ...

Europe’s banks are stashing cash to pay bumper bonuses to top performers, amid a deal frenzy driven by pent up demand from the COVID-19 pandemic and rebounding bank profits. ...

The economic consequences of a sustained pandemic would be catastrophic. Ioannis Tirkides, chief economist at Bank of Cyprus* The emergence of a new variant, the Delta, and people’s hesitancy ...

The author of a report alleging institutional racism inside HSBC (HSBA.L) has resigned, citing frustration at its response to some of his criticism and a lack of support from ...

ASBIS, an information and communications technology distribution company based in Limassol, has announced that it has made a property acquisition to the tune of €6.2 million. The recently acquired 5,735 square metre ...

While the concept of decentralisation has been around for more than a decade, an explosion of interest in decentralised finance has been observed over the past few months. By Alexandros ...

The US Department of Justice (DOJ) has repatriated $452 million in misappropriated funds from 1Malaysia Development Bhd (1MDB), it said in a statement on Thursday, bringing the total amount recovered from ...

The Cyprus Hoteliers Association has presented a plan detailing how the sector can recover in Cyprus. “Hoteliers remain focused on achieving the ambitious objectives that have been set despite the ...

The Bank of England said on Thursday it could see a modest reduction ahead in the huge support it has provided to Britain’s economy during the Covid-19 pandemic and ...

The European Commission, the International Monetary Fund National and the credit rating agency Moody’s have reported that the Cyprus Government has managed the Covid-19 crisis relatively well, with considerable ...

The Bank of England is expected to keep its huge support for Britain’s economy running at full speed on Thursday, despite a strong recovery from its pandemic slump and ...

Prime Minister Boris Johnson urged British pension fund managers to put more of their clients’ money into illiquid long-term investments in infrastructure and unlisted companies, raising the prospect of fatter ...

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 processed. The revamp is currently anticipated ...

“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 Klitou, CEO of Baker Tilly ...

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 pandemic-related bad loans. Encouraged by an ...