Banking and Finance

The French state has taken firm control of Air France-KLM after the recapitalisation with €1.03 billion via the issuance of shares. Late Monday, the airline announced that it had successfully placed ...

Bank of Cyprus on Monday announced that it has successfully launched and priced an issue of €300 million unsecured and subordinated Tier 2 Capital Notes under its Euro Medium-Term Note (EMTN) Programme – ...

Several US banks have started deploying camera software that can analyze customer preferences, monitor workers and spot people sleeping near ATMs, even as they remain wary about possible backlash over ...

British finance minister Rishi Sunak told the Bank of England on Monday to look at the case for a new “Britcoin”, or central bank-backed digital currency, aimed at tackling some ...

Murex, the global leader in trading, risk management and processing solutions for capital markets, will bolster its regional footprint in the Europe-Middle East-Africa region with a new physical presence in ...

Bitcoin, the world’s biggest cryptocurrency, fell as much as 14 per cent to $51,541 on Sunday, reversing most of the big gains it made over the past week. Bitcoin was last ...

Since the beginning of the coronavirus pandemic, consumers around the world have saved an additional $5.4 trillion, and gained confidence that they can spend it as businesses reopen, Moody’s said ...

Environmental scientist Laura Garcia Velez cut her teeth on projects to help Ethiopian farmers insure crops for drought and connect remote Colombian communities to the electricity grid before working for ...

The euro zone economy is still standing on the “two crutches” of monetary and fiscal stimulus and these cannot be taken away until there is a full recovery, European Central ...

Over 400 financial firms in Britain have shifted activities, staff and a combined trillion pounds ($1.4 trillion) in assets to hubs in the European Union due to Brexit, with more pain to ...

Silver saw a long rally last year, and it looks to continue to gain value throughout this one. Global demand for silver will rise to 1.025 billion ounces in 2021, its highest ...

Cyprus has seen its public debt increase sharply in 2020, and even more in 2021, but the plan to service the debt is working. According to a report by the Public Debt ...

As the Turkish lira slides closer and closer to 10 to the euro, the Turkish central bank last week banned the use of cryptocurrency in transactions, in a desperate attempt to ...

Turkey’s central bank banned the use of cryptocurrencies and crypto assets to purchase goods and services, citing possible “irreparable” damage and significant transaction risks in a move that cooled ...

Twenty thousand users are fighting to get their vaccine of choice within a single second. That’s what is making the Vaccination Portal crash, explains Deputy Minister of Research, Innovation ...

Hellenic Bank has announced the hiring of Antonis Rouvas as its new Chief Financial Officer. Rouvas will replace the previous CFO Lars Kramer who has since moved to ABN AMRO. ...

The economy has solid ground on which to recover, according to a report by the University of Cyprus Economic Research Centre. The report notes, however, that this is contingent on ...

The Turkish central bank has held its key interest rate at its current level of 19 per cent, the bank announced on Thursday in a statement. The central bank has been ...

The Tech Island Association launched on Wednesday to bring together government, business and all other stakeholders in the eco-system : More than 65 tech companies based in Cyprus have come together to ...

The United States will announce sanctions on Russia as soon as Thursday for alleged election interference and malicious cyber activity, targeting several individuals and entities, people familiar the matter said. ...

Fund managers are trimming exposure to Russia and Ukraine on fears that years of tensions could finally erupt into outright war, bringing economic ruin for Ukraine and more sanctions on ...

Saipem and Hyperion Systems Engineering have joined forces to create Saipem-Hyperion Eastmed Engineering Ltd, a jointly controlled company based in Nicosia. The joint venture was registered in March. The new ...

Coinbase Global Inc, the biggest US cryptocurrency exchange, will list on the Nasdaq on Wednesday, marking a milestone in the journey of virtual currencies from niche technology to mainstream asset. ...

A ship that blocked the Suez Canal for almost a week in March is being held in the waterway as canal authorities pursue a $916 million compensation claim against the ship’...