PayPal launches crypto checkout service
PayPal will announce later on Tuesday that it has started allowing U.S. consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally, a move ...
Pfizer, Moderna vaccines reduce infection risk by 80% — Study
Covid-19 vaccines developed by Pfizer Inc with BioNTech SE and Moderna Inc reduced risk of infection by 80 per cent two weeks or more after the first of two shots, according ...
CAP reformers cannot agree on what a farmer does
Talks on the EU Common Agricultural Policy (CAP) reform held on March 26 broke down over questions like “what does a farmer do” and payment for performance.
The CAP accounts for ...
Visa moves to allow payment settlements using cryptocurrency
Visa said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies ...
Eurobank Cyprus sees €40.1m profit after tax, solid loan repayment
Eurobank has remained in profit for the fiscal year of 2020 despite the difficult conditions posed by the pandemic. Profit after taxes for the fiscal year was €40.1 million, down from €44,5 million ...
American Airlines sees 400% jump in bookings; discount flights to Cyprus at $650 one way
Bookings at American Airlines last week through aa.com and the American Airlines app were up 150 to 400 per cent compared with last year, and within a few points of 2019; bookings ...
Ship blocking Suez Canal is now entirely free; traffic resumes in key waterway
Salvage teams freed the Ever Given in the Suez Canal, according to maritime services provider Inchcape, almost a week after the giant vessel ran aground in one of the world’...
Iran and China sign 25-year cooperation agreement
China and Iran, both subject to US sanctions, signed a 25-year cooperation agreement on Saturday to strengthen their long-standing economic and political alliance.
“Relations between the two countries have now ...
Should you invest in thematic Exchange-Traded Funds?
Investors around the world have poured money into Exchange-Traded Funds (ETFs) this year.
More than $800 billion have been invested thus far this year, up from $600 billion in assets under management ...
Fitch affirms Cyprus’s ‘robust economic growth’ with outlook stable
Credit agency Fitch Ratings on Friday affirmed Cyprus’s ‘BBB-‘ credit rating in a note.
A ‘BBB-‘ rating indicates a low indication of default, but some business or economic factors ...
EFG International private bank, expanding in Cyprus, gets thumbs-up from Moody’s
Swiss bank EFG got a solid thumbs-up from credit rating agency Moody’s on Friday, in a review.
Moody’s noted the the Zurich-headquartered banking group’s absolute and relative ...
Ultra-rich got richer during pandemic; now they ponder how to keep it all
In 2020, as the world convulsed under COVID-19 and the global economy faced its worst recession since World War II, billionaires saw their riches reach new heights.
Now some are talking ...
Lebanese insurance innovator moves business to Cyprus
By George Eid and Andrew Rosenbaum
Last week, Roger Zaccar moved his company, which disrupts insurance sales with a mobile app, from Beirut to Limassol.
Zaccar told the Cyprus Mail ...
Bitcoin Exchange-Traded Fund started by Fidelity
Fidelity applied on Wednesday to launch an exchange traded fund to track the performance of bitcoin, the latest move on Wall Street to embrace the digital currency.
Fidelity’s Wise ...
European consumers, flush with cash, can’t spend it
Only a few weeks ago, many European countries were hoping their more affluent citizens would by now have started spending nest eggs built up during the pandemic to trigger a ...
Lebanon could face coup or civil war; LBP drops to 13,000 to dollar
As protests flare in the streets of Beirut every day, and the cost of living rises to levels that nearly half the population of the country cannot afford, experts and ...
Cyprus fund industry sees 10.3% q-on-q growth to €8.58bn
The value of total Assets Under Management with Cyprus funds reached €8.58 billion in the 4th quarter of 2020, a 10.3 per cent increase from the third quarter of that year. Assets under ...
Turkey ‘will not take steps to support currency’ after lira plunges
“There will be no extraordinary meeting of the policy committee at the central bank, nor will any steps be taken to defend the Turkish lira,” the Turkish President’s Chief ...
Covid-19 can be detected by sound with Neosperience’s new process
Italy’s Neosperience has developed a way to detect Covid-19 infections by analysing a person’s speech or cough, the software company announced on Tuesday.
Neosperience President Dario Melpignano said ...
Net-zero emissions targets adopted by one-fifth of world’s largest companies
One in five of the world’s 2,000 largest publicly listed companies have now committed to a “net-zero” emissions target to help tackle climate change, researchers said on Tuesday.
The companies, ...
Europe gets a new unicorn; Mambu, valued at $2.08bn
Top 10 Unicorns in Europe by value
1 – Klarna (Sweden). Valuation: $10.65bn. Sector: fintech
2 – Bolt (Estonia). Valuation: $4.3bn. Sector: transport
3 – Northvolt (Sweden). Valuation: $3.55bn. Sector: energy
4 – Otto Bock (Germany). Valuation: $3.5bn. Sector: ...
Hellenic Bank appoints German finance specialist Oliver Gatzke CEO
Hellenic Bank has named Oliver Gatzke, a German banker with years of experience in both financial restructuring and fintech as CEO.
The 52-year old Gatzke is well-known in European banking ...
UK inflation forecast to jump to 2.5%
UK inflation is forecast to jump to 2.5 per cent this year, as energy prices and consumer spending surge.
Consumer price inflation, the measure targeted by the BoE, was just 0.7 per ...
ECB to keep borrowing costs low in difficult period
Europe is facing a difficult second quarter as coronavirus infections rise and governments reimpose lockdown measures, but the European Central Bank will do its part to keep borrowing costs ultra ...