G7 close to deal on corporate taxation
The Group of Seven top advanced economies are close to an accord on the corporate taxation of multinationals, paving the way for a global deal later in the year creating ...
Musk says he likes crypto despite everything
Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk tweeted on Saturday that in a battle between fiat and cryptocurrencies, his support is with crypto.
Two days ago, Musk assured ...
Invest in the booming US? Strong euro says ‘stay home’
“I’ve never seen an economy that feels as good as the US today,” Mark Zandi, chief economist at Moody’s Analytics, told CNN Business. “The economy is booming. It’...
Lebanon’s politicians to face sanctions from EU for negligence
France, with the support of the EU Commission, is preparing sanctions against Lebanese politicians, intended to target their unwillingness to form a government despite the country’s nearly complete collapse.
...
IMF seeks to ‘end pandemic’ with $50bn financing for vaccinations
The International Monetary Fund (IMF) has published a proposal to “end the pandemic” with $50 billion in financing for vaccinations, the organisation said in an note on Friday.
The proposal’s ...
Bank of England aims for greener corporate bond portfolio
The Bank of England set out plans on Friday to make its 20 billion pounds ($28.4 billion) of holdings of sterling corporate bonds better aligned with government goals to achieve net zero ...
Government should withdraw support schemes – Central Bank of Cyprus
The government should begin gradually withdrawing the support schemes it has promulgated during the pandemic crisis, the Central Bank of Cyprus said in its Annual Report and Financial Stability Report.
...
Bundesliga moves to keep out private investors, avoid their influence
Germany’s top-flight soccer league has scrapped plans to sell a 25 per cent stake in its overseas broadcasting rights after resistance from Bundesliga clubs concerned about private equity firms meddling ...
Cyprus office real estate market to decline 10-15% on work from home
By Pavlos Loizou, managing director, WiRE
The Cyprus market for office space is expected to decline 10 per cent to 15 per cent as companies adopt the remote working model, Pavlos Loizou, ...
Hellenic ranked among top banks globally
Hellenic Bank has been ranked by Global Finance magazine among the top banks in the world because they managed to rapidly and effectively adapt to the new circumstances created by ...
Cyprus EU Recovery Plan will tap private sector funding
Some examples of funding
€40 million will go to SMEs and councils and communities
€20.5 million for energy efficiency for homes and renewables
€78.4 million for improvement business competitiveness
€96 million for improvement of ...
Bitcoin sees rival altcoins taking market share
Bitcoin’s smaller rivals are eroding its share of the $2 trillion digital currency market. Of the dozens snapping at its heels, most have little use beyond financial trading – but few ...
Cyprus workers don’t like to work from home
Cyprus has one of the lowest percentages of workers who usually work from home in the European Union a report from the European Statistical Office (Eurostat) has revealed.
Cyprus vs ...
London’s ‘Golden Age’ as Europe’s financial capital is over, says NatWest chair
The City of London’s ‘Golden Age’ as Europe’s financial capital is over following Brexit, but it will remain a major and profitable centre, NatWest bank chairman Howard Davies ...
EU to beef up taxation across Member States
The European Commission wants to propose in 2023 a more unified way of taxing companies in the European Union, hoping that such rules, which have failed to win support in the ...
Cyprus business, professional climate improves as economy recovers – Economists
The Cyprus business and professional climate, which had deteriorated in March 2021, has strengthened significantly in April of this year, according to a report by the University of Cyprus Economic Research ...
Lebanon: 100-year-old business finds ways to survive crisis
“Our business has survived many wars, but this crisis is different,” says Hani Bohsali.
Businesses that have been operating in Lebanon for more than 100 years, are today struggling to survive, ...
Cyprus: Should you worry about inflation?
An unexpected rise in inflation in the US has pundits yapping across the globe about the dangers of inflation.
Consumer prices in the US rose 4 per cent on an annualised ...
Bitcoin passes the ransom test
The classic ransom is a suitcase full of unmarked U.S. dollar bills. Bitcoin’s role in the Colonial Pipeline hack shows the global currency of crime has a rival. ...
Israel to see 5% growth this year, despite conflict
Global ratings agency S&P on Friday affirmed its long-term sovereign credit rating on Israel at “AA-/A-1+” and maintained its outlook at “stable”.
Despite security and political risks ...
EU losing battle to reclaim tax from multinationals, low-tax jurisdictions
The EU Commission’s attempt to harmonise tax rules and to limit advantages enjoyed by large companies in low-tax jurisdictions has suffered severe setbacks.
On Wednesday, the General Court by ...
Brexit: France to hold up financial services deal
Paris has said it will delay a European Union financial services deal with Britain until Prime Minister Boris Johnson grants European fishermen fair access to UK waters, a source familiar ...
Bitcoin plunges as Tesla’s Musk halts use of bitcoin for car purchases
Bitcoin fell more than 10 per cent after Tesla Inc will no longer accept bitcoin for car purchases, Chief Executive Elon Musk said on Wednesday, citing long-brewing environmental concerns for a ...
Cyprus can replicate NPL offensive in Italy with ‘bad bank’
By CITR Cyprus, part of the Impetum Group
The Italian model, with a ‘bad bank,’ has seen success in managing NPLs.
Business shutdowns, deferrals, job losses, credit default, and many ...