Banking and Finance

British-based banking app Revolut’s latest $33 billion valuation, achieved after a fresh funding round, has likely made its cofounder and Chief Executive Nik Storonsky a billionaire several times over. Russia-born ...

Cyprus’ path to recovery “must and will” be aligned to sustainable development goals` Finance Minister Constantinos Petrides has said. Speaking at the virtual UN High-Level Political Forum to present Cyprus’ ...

The head of the Financial Reporting Council, the UK regulator overseeing financial reporting, told the Financial Times that it had botched the handling of a series of business scandals that ...

Fighting in Yemen may have reached a bloody stalemate but away from the north-south frontline a battle between rival central banks has splintered the currency and helped send prices soaring. ...

“Today, the Cyprus Securities and Exchange Commission (CySEC) oversees 790 entities and 9 trillion transactions by Cyprus Investment Firms, placing it among the first markets in Europe in 2020,” noted CySEC Chairwoman Demetra ...

Turkey’s central bank kept interest rates unchanged for the fourth month in a row on Wednesday, as a weak lira and increasing inflation are expected to delay planned rate ...

The European Commission on Monday issued a further €10 billion to support Europe’s recovery from the coronavirus crisis and its consequences, the Commission said in a statement. It is the ...

According to this year’s recently released Xinhua-Baltic International Shipping Center Development Index Report, Singapore, London and Shanghai are the top three global shipping hubs in 2021, followed by Hong Kong, ...

The European Commission (EC) plans to impose a carbon surcharge on products entering the EU from third countries, through a Carbon Border Adjustment Mechanism (CBAM), likely to be phased in ...

The Bank of England scrapped its remaining pandemic curbs on dividends paid by HSBC, Barclays and other top lenders with immediate effect on Tuesday, saying its stress tests showed they ...

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. “...