Banking and Finance

Oil slumped on Monday over concerns about spreading Covid-19 variants derailing the global economic recovery that has brought fuel demand to near pre-pandemic levels, while tight crude supplies kept prices ...

The cost of food has reached a crisis level in Turkey, as production declines and the weak Turkish lira (currently at 10.30 to the euro) makes imports more expensive. The central ...

The spread of the Covid-19 Delta variant threatens Europe’s nascent economic rebound, economists told the Financial Times on Sunday. The European Centre for Disease Prevention and Control said on ...

Does Elon Musk control Tesla Inc (TSLA.O) or does Tesla control Elon Musk? More than $2 billion hinges on that question as a trial kicks off on Monday. Shareholders allege ...

The Cyprus government is already at work to find a solution for the country on the OECD minimum corporate tax proposal that has been agreed to by the G7 and ...

Wise’s record breaking direct listing has come as a relief to other tech firms aiming to go public in the coming months, the bankers managing those deals and to ...

Square Inc (SQ.N) will make a hardware wallet for bitcoin, the payments company confirmed in a tweet on Thursday shortly before US Senator Elizabeth Warren flagged growing risks posed ...

The digital readiness of Cyprus consumers is quite well-developed, a new study shows. Consumers in the pandemic spent more using cards in supermarkets, pharmacies and on insurance, while they bought ...

Financial firms should use their experience in the COVID-19 crisis to consider how flexible working could help create a more diverse workforce but the government will not impose a model, ...

Turkey is considering a fresh capital injection for state banks but they also need a plan to deal with lingering bad debt after the lenders depleted their resources helping Ankara’...

The Cyprus Information and Communications Technology (ICT) industry is well and prospering; this became clear at the the Cyprus Computer Society Annual Meeting late on Wednesday. For the Cyprus ICT ...

The European Union will propose a new agency to crack down on money laundering and new transparency rules for transfers of crypto-assets, EU documents showed on Wednesday as the bloc ...

“The global tax scene is changing: international tax developments include areas such as multinational corporations, green growth and the environment, the fight against aggressive tax planning, as well as technology ...

German Finance Minister Olaf Scholz said on Wednesday he does not expect hurdles to moving ahead with a planned global tax reform at a G20 meeting in Venice this weekend. “...

The European Commission has raised its forecast for Cyprus’ economic growth in 2021 to 4.3 per cent from 3..8 per cent in its previous forecast. This brings Cyprus closer into line with the ...

“Investment in Cyprus tourism will be socially immersive – this means that it will benefit the whole island,” Cyprus Deputy Minister for Tourism Savas Perdios told the Invest Cyprus Tourism and ...

SHIPPING has been left out of the Organisation for Economic Co-operation and Development proposals for a global minimum corporation tax rate of no less than 15 per cent, Lloyds List reported ...

Saudi Arabia’s energy minister pushed back on Sunday against opposition by fellow Gulf producer the United Arab Emirates to a proposed OPEC+ deal and called for “compromise and rationality” ...

The latest buzzword in wealth management these days is ‘decoupling,’ because most of us in the normal world are still dealing with the effects of the pandemic crisis. But the ...

Near-term bets in favour of the dollar should be increased, a majority of analysts in Reuters polls said, who however were split on the duration of the greenback’s bullish ...

A blockchain-based token representing the original source code for the World Wide Web written by its inventor Tim Berners-Lee sold for $5.4 million at Sotheby’s in an online auction on ...

Almost a third of businesses that trade with the EU have suffered a decline or loss of business since new barriers to trade were introduced on January 1, according to a ...

Britain is set to secure an exemption for financial services from a new global tax system which was agreed by the Group of Seven economies to squeeze more money out ...

Do we still need banks? What role do they play in our society today? The role of banks today has not changed, despite the many changes we have gone through, ...