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 ...
Amazon wins court fight against $303m EU tax order
Amazon on Wednesday won its fight against an EU order to pay about €250 million ($303 million) in back taxes to Luxembourg as Europe’s second highest court dealt a blow to ...
Brexit: Northern Ireland trade rules ‘unsustainable’ says Frost
The way in which post-Brexit trade rules for Northern Ireland are operating may not be sustainable for long, Britain said on Tuesday, as firms count the cost of disruption and ...
Cyprus economy will rebound, but not dramatically — economist
For economist George Syrichas, former executive director and board member of the Central Bank of Cyprus, currently advisor to the Economic Research Centre, University of Cyprus, the Cyprus economy will ...
Moody’s warns of possible underperformance of Cyprus banks
The loans on the books of EU banks that remain under long-running moratoria are more likely to underperform, with credit quality particularly uncertain in Cyprus, Italy, Portugal and Hungary, Moody’...
Ethereum at all time high of $4,200; rally expected to continue
Ethereum’s ether climbed to a new peak for a third straight day on Monday on continued optimism about further growth in decentralised finance or “DeFi”, although some analysts said ...
A digital euro: upcoming innovation with numerous implications for daily life
By Andrey Afanasiev
A digital euro will be one of the innovations that could change our daily life in the very near future. The purpose of the introduction of a ...
Insurers, having lost $100bn, seek new ways to deal with pandemics
When much of the global economy locked down last year, insurers, facing estimated losses of more than $100 billion globally, reached straight for their red pens to strike pandemic cover from ...
Dogecoin tumbles after Elon Musk calls it a ‘hustle’
Dogecoin lost more than a third of its price on Sunday, after Tesla chief and cryptocurrency supporter Elon Musk called it a ‘hustle’ during his guest-host spot on the “Saturday ...
Pound expected to dip against euro – analysts
The decisions by the Bank of England Monetary Policy Committee on Thursday to hold rates, and to reduce the speed of its asset purchase programme suggest that the pound will ...
Europe’s consumers should expect price rises
Europe’s consumers will feel the hit from price rises this year as companies seek to recoup revenues and cover pandemic-related costs. But for now, this is inflation the European ...
Real estate investment in a post-Covid world
“Residential for rent is where I see a lot of capital chasing product, given the affordability constraints of buying vs. renting. The investment in this sector is typically supported by (1) ...