Banking and Finance

Digital twins—digital representations of real-world entities such as sensors, devices, machines, systems, and even people—have evolved from a niche concept to an integral part of the industrial landscape. ...

Lebanon is now at the centre of a confrontation between Israel and Iran over fuel deliveries. US sanctions could also follow a delivery of fuel from Iran – Lebanon could face ...

A London court on Wednesday approved a £10 billion-plus ($14 billion-plus) class action against global payments processor Mastercard (MA.N) that claimants said could entitle 46 million British adults to roughly £300 each if ...

The Bank of Cyprus has chosen TeamMate+ Audit as its solution for a number of challenges to internal audit, according to a case study published on Wednesday. TeamMate+ Audit, produced ...

Cyprus’ €1.2 billion Resilience and Recovery Plan (RRP) was approved by the EU on July 8, and there are already today a number of projects close to completion, and others in full ...

Germany plans to sell up to a quarter of its 20 per cent stake in Lufthansa (LHAG.DE) over the coming weeks, the German finance agency said on Monday, citing positive ...

Sterling steadied against the dollar on Friday as the greenback weakened following a weak reading of consumer sentiment, but the British currency was still on track for a second week ...

Global merger and acquisition (M&A) activity has breached new highs, building on the record-breaking dealmaking streak from the beginning of the year that has been aided by low ...

As cryptocurrency prices rally across the board, pushing the combined crypto market firmly over $2 trillion for the first time since May, some bitcoin and crypto investors are feeling confident the ...

‘Nobody’s running the country’ said Lebanon’s central bank governor Riad Salameh complained on Saturday decrying the chaos and violence that are spreading right across the nation. At the ...

A former official has accused the Turkish Statistical Institute (Turkstat) of manipulating inflation data, Ahval reported on Wednesday. Turkey’s last inflation report in July was at 18.95 per cent. This ...

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 ...