Banking and Finance

“The overarching key word is ‘trust,’ among Member States and European institutions, between citizens and their governments.” There is an increase in European solidarity and European integration in the current ...

British finance minister Rishi Sunak is pushing for the City of London to be exempt from a new global minimum corporation tax system championed by the Group of Seven (G7) ...

There has been much uproar in the press about how Cyprus could ‘block’ an EU minimum corporate tax proposal, of the type that the G7 policy document released on Saturday ...

Hellenic bank saw earnings of €89.3 million in the first quarter of 2021, and profit of €12.9 million after tax. These figures slightly exceeded analyst expectations. Profit before impairment losses, meaning the depreciation ...

European Parliament negotiators agreed with the European Council on common EU standards regulating the secondary market for non-performing loans, the Parliament said in a statement on Monday. The purpose of ...

Oil pulled back after hitting fresh multi-year highs on Monday, as investors awaited the outcome of this week’s talks between Iran and world powers over a nuclear deal that ...

The deal to harmonise tax on multinationals globally agreed to on Saturday by the G7 leaves a large loophole, one that may permit large companies to avoid tax, according to ...

Blockchain technology company Blockstream Mining said on Saturday that Square Inc (SQ.N) will invest $5 million to build an open-source, solar-powered bitcoin mining facility at one of Blockstream’s US ...

Last month, Claire Elise Boucher, known in the music world as Grimes, earned $5.8 million in 20 minutes with the sale of Non-Fungible Tokens, or NFTs. In fact, top NFT platforms have ...

Lebanon’s Banque du Liban has forced banks to allow depositors to withdraw $400 per month and the equivalent amount in Lebanese pounds, the central bank said in a circular released ...

Britain’s NatWest expects only about 13 per cent of its staff to return to primarily office-based working, the lender said on Tuesday as it revealed a three-pronged approach to post-pandemic ...

“You can’t talk about ESG and invest in a really bad actor – and more and more companies are afraid of the reputational risk,” warns one fund manager. When Belarus ...

Bank of Cyprus Holdings has been deemed a healthy investment opportunity, stock analysts at Simply Wall St have reported this week. Analysts expect revenue to grow at a rate of 12.28 ...

While the overall outlook is sunny for Cyprus, according to the European Commission’s Spring 2021 Post-Programme Surveillance Report released on Thursday, there are some aspects of the economy that give ...

Think of an exclusive poker game where the minimum bet is close to $1 million. The stock-trading version, “dark pools” that host blockbuster trades, are pulling in major money in Europe. ...

Turkey’s inflation rate fell from a two-year high to 16.59 per cent year-on-year in May, data showed on Thursday, bucking market expectations for another rise thanks largely to limited price ...

Oil prices surged on Wednesday, hitting their highest in more than a year from a decision by OPEC and allies to stick to the plan to gradually restore supply, along ...

European Union government and parliament negotiators reached a deal on Tuesday on rules that will force large multinational companies to disclose how much revenue and tax they pay in the 27...

The Turkish lira hit record lows against the euro and the dollar as Turkish President Recep Tayyip Erdogan told the press on Tuesday that interest rates must be cut. The ...

“Bank of Cyprus has already covered considerable distance in our ESG journey. We have an ‘A’ rating from MSCI, which is the global benchmark on ESG. The company has also ...

“Most clients would consider ESG investments only if such investments are expected to enhance returns. There are organisations, of course, that are willing to take on ESG investments even if ...

Exasperation with Credit Suisse following a string of scandals is prompting Switzerland to rethink a system in which top bankers have been largely untouchable. Credit Suisse’s heavy losses from ...

Tunisian politicians and officials warn of an economic collapse if the government cannot agree a new International Monetary Fund (IMF) loan this summer, but political paralysis could scotch that effort. ...

Israel’s Global Knafaim said on Thursday it bought a 49.9 per cent stake in the small Cypriot airline Tus Airways with a $5 million investment. Global Knafaim is a unit of ...