Banking and Finance

Revolut, the global financial platform with more than 15 million customers worldwide, on Wednesday announced its opening as a bank in Cyprus. Customers in Cyprus who upgrade to Revolut Bank for ...

The Covid-19 pandemic has added $24 trillion to the global debt mountain over the last year a new study has shown, leaving it at a record $281 trillion and the worldwide debt-to-GDP ...

A recent study conducted by CyStat has shown the digital economy in Cyprus to be growing rapidly. The number of people searching for information about products or services has grown ...

The flow of businesses moving to the Netherlands because of Brexit remained strong in 2020, even though foreign investment fell by a quarter as the coronavirus pandemic hit, the Netherlands Foreign ...

By Dr. Charles Ellinas What has become abundantly clear over the past year is the EU’s determination to drive a fast transition to cleaner energy. Not only it has ...

British finance minister Rishi Sunak’s annual budget on March 3 is set to have a green tinge, even as the country goes hundreds of billions of pounds into the red ...

Tesla boss Elon Musk’s SpaceX completed an equity funding round of $850 million, CNBC reported on Tuesday, citing people familiar with the financing. SpaceX raised the funds at $419.99 a share, ...

We live in times of extreme uncertainty, and that makes life hard for the people who are tasked with forecasting the future. Actuaries, for example, have the task of forecasting ...

Bitcoin soared above $50,000 on Tuesday to an all-time high, adding steam to a rally fuelled by signs that the world’s biggest cryptocurrency is gaining acceptance among mainstream investors and ...

British finance minister Rishi Sunak might have to raise a hefty extra £60 billion ($83 billion) in taxes to pay for the Covid-19 hit to the public finances, but his March 3 budget ...

The EU’s mammoth post-pandemic recovery fund, which is intended to exclude projects that worsen climate change or harm the environment, could in some circumstances be used for investment in ...

Oil prices soared on Monday to their highest in about 13 months as fears of heightened tensions in the Middle East prompted fresh buying, while hopes that a U.S. stimulus ...

The European Union will fast track approvals of coronavirus vaccines adapted to combat mutations, the bloc’s Health Commissioner Stella Kyriakides said in a newspaper interview on Sunday. “We have ...

Gold dipped on Friday with a firmer dollar, while platinum was headed for its biggest weekly rise since March 2020 on expectations for a revival in auto sector demand. “There’s ...

Ethereum’s ether (ETH), the world’s second-largest crypto asset, has long been overshadowed by its predecessor bitcoin. But it seems to finally be coming out on its own. Ether ...

The European Union’s executive wants Hungary to reform its public procurement laws to curb what it calls “systemic irregularities” before billions of euros from the EU pandemic recovery fund ...

Iridium has become the latest precious metal to undergo a spectacular price rally, after supply shortages and expectations it will be used to produce hydrogen to power a greener economy. ...

Dogecoin, the “joke” cryptocurrency, has suddenly gotten dead serious, as investors pile in funds, raising its market capitalisation to $9 billion. ‘It took about 3 hours to make’, said Billy Markus in ...

The Radisson Hotel Group is to open a string of new properties in Cyprus, according to a press release published on Friday. The planned Radisson Beach Resort Larnaca will offer ...

UK economic output fell 9.9 per cent in 2020, the largest drop in 300 years and more than twice the fall during the financial crisis, according to data released by the UK Office ...

Italy’s prime minister-designate Mario Draghi will struggle to restart the Italian economy, the most chronically sluggish in the euro zone. This will be his top priority, but he will ...

The European Union will strive for close co-operation with Britain on financial services but London cannot expect “equivalence-based” access to the EU financial market if it diverges widely on rules, ...

After long being shunned by traditional financial firms, bitcoin has finally entered the mainstream. Bitcoin on Thursday jumped to a fresh all-time high after BNY Mellon said it formed a ...

Cyprus will see economic growth at the same, relatively low rate of most EU Member States in 2021. There is, however, “light at the end of the tunnel,” according to an ...