Banking and Finance

“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 ...

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 ...

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, ...

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 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 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 ...

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 ...

The European Union plans to label some gas power plants as sustainable investments, a draft document seen by Reuters showed, after an initial proposal to deny them a green label ...

“The recent aggressive price rally seems to have come to an end,” writes analyst Tom Kool at oilprice.com. Oil prices resumed their decline on Monday, falling around 1 per cent ...

The Turkish lira plunged on Sunday night, immediately after the re-opening of major foreign exchange markets, after President Tayyip Erdogan sacked the country’s hawkish central bank governor, replacing him ...

For the first time, a comprehensive effort is underway to make the island a technology hub Cyprus is framing a comprehensive, holistic policy to compete as a technology hub, Invest ...

Turkish President Recep Tayyip Erdogan removed the governor of the country’s central bank late on Friday, just after that official had presided over an interest-rate hik. Naci Agbal had ...

On March 16, details of thousands of companies domiciled on the island will be collected to be entered in a so-called Ultimate Beneficial Owner (UBO) register – according to standards set by ...

Morgan Stanley has become the first big US bank to offer its wealth management clients access to bitcoin funds, CNBC reported on Wednesday. In an internal memo, the bank told ...

By Dr. Charles Ellinas We urgently need a major rethink and change in direction. I have called repeatedly, and have been advocating through my articles in this newspaper, for the ...

The central bank of Turkey on Wednesday raised its key interest rate to 19 per cent from 17 per cent. The lira rose to about 8.75 against the euro from over 9 to the ...

The euro eased to $1.19655, but was hovering close to its one-week high of $1.19900 after rallying 0.6% on Wednesday. The British pound traded at $1.3946, having gained about 0.5 per cent overnight against the ...

Britain proposed weakening the market grip of “Big Four” auditors on Thursday and making company directors responsible for spotting fraud after the collapses of retailer BHS and builder Carillion. Directors ...

Budget airlines Ryanair and EasyJet are both predicting a boom in summer travel this year. But the “jury is still out,” say travel industry analysts at ING. Full recovery for ...

Inflows into cryptocurrency funds and products have already hit a record $4.2 billion for the first quarter, reflecting growing institutional investor interest, CoinShares data showed. The previous high for crypto inflows ...

Multi-asset investment platform eToro, which has an important presence in Cyprus, said on Tuesday it will go public through a merger with a blank-check firm backed by banking entrepreneur Betsy ...

Russian tourists are expected to be welcome in Cyprus as of April 1, according to sources close to the deputy ministry of tourism. Phillip Orphanides contributed to this article. Tourism operators ...

The European Union launched legal action against Britain on Monday for unilaterally changing trading arrangements for Northern Ireland that Brussels says breach the Brexit divorce deal agreed with London last ...

Qatar Petroleum, the world’s top liquefied natural gas (LNG) producer, is cranking up the pressure on high-cost rivals with bold expansion plans that will boost supplies over the coming ...