Banking and Finance

New York keeps its first place in the ranking of global financial centres, and London in second place is under pressure from Frankfurt and Shanghai. Frankfurt jumped seven places in ...

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Bitcoin’s volatility is its main attraction and not a bug, as that is what gives the cryptocurrency its exponential rises, ex-Goldman Sachs bitcoin enthusiast Raoul Pal said. “People have ...

Crude futures settled lower on Tuesday, pulling back from one-month highs, on fears that India, the world’s third-biggest oil importer, may impose restrictions as coronavirus infections and deaths surge ...

Cyprus Finance Minister Constantinos Petrides on Tuesday outlined a plan that integrates the European instrument, the “Recovery and Resilience Facility” with the strategy for the country’s economy. First of ...

The dollar sank to a fresh 6-1/2-week low against major peers on Tuesday as the euro led a rally on the back of a brightening outlook for the region’...

Venmo, the peer-to-peer payment service owned by PayPal Holdings Inc, said on Tuesday it has started allowing users to buy, hold and sell cryptocurrencies on its app, a step that ...

The French state has taken firm control of Air France-KLM after the recapitalisation with €1.03 billion via the issuance of shares. Late Monday, the airline announced that it had successfully placed ...

Bank of Cyprus on Monday announced that it has successfully launched and priced an issue of €300 million unsecured and subordinated Tier 2 Capital Notes under its Euro Medium-Term Note (EMTN) Programme – ...

Several US banks have started deploying camera software that can analyze customer preferences, monitor workers and spot people sleeping near ATMs, even as they remain wary about possible backlash over ...

British finance minister Rishi Sunak told the Bank of England on Monday to look at the case for a new “Britcoin”, or central bank-backed digital currency, aimed at tackling some ...

Murex, the global leader in trading, risk management and processing solutions for capital markets, will bolster its regional footprint in the Europe-Middle East-Africa region with a new physical presence in ...

Bitcoin, the world’s biggest cryptocurrency, fell as much as 14 per cent to $51,541 on Sunday, reversing most of the big gains it made over the past week. Bitcoin was last ...

Since the beginning of the coronavirus pandemic, consumers around the world have saved an additional $5.4 trillion, and gained confidence that they can spend it as businesses reopen, Moody’s said ...

Environmental scientist Laura Garcia Velez cut her teeth on projects to help Ethiopian farmers insure crops for drought and connect remote Colombian communities to the electricity grid before working for ...

The euro zone economy is still standing on the “two crutches” of monetary and fiscal stimulus and these cannot be taken away until there is a full recovery, European Central ...

Over 400 financial firms in Britain have shifted activities, staff and a combined trillion pounds ($1.4 trillion) in assets to hubs in the European Union due to Brexit, with more pain to ...

Silver saw a long rally last year, and it looks to continue to gain value throughout this one. Global demand for silver will rise to 1.025 billion ounces in 2021, its highest ...

Cyprus has seen its public debt increase sharply in 2020, and even more in 2021, but the plan to service the debt is working. According to a report by the Public Debt ...

As the Turkish lira slides closer and closer to 10 to the euro, the Turkish central bank last week banned the use of cryptocurrency in transactions, in a desperate attempt to ...

Turkey’s central bank banned the use of cryptocurrencies and crypto assets to purchase goods and services, citing possible “irreparable” damage and significant transaction risks in a move that cooled ...

Twenty thousand users are fighting to get their vaccine of choice within a single second. That’s what is making the Vaccination Portal crash, explains Deputy Minister of Research, Innovation ...

Hellenic Bank has announced the hiring of Antonis Rouvas as its new Chief Financial Officer. Rouvas will replace the previous CFO Lars Kramer who has since moved to ABN AMRO. ...

The economy has solid ground on which to recover, according to a report by the University of Cyprus Economic Research Centre. The report notes, however, that this is contingent on ...