Fears grow for China Evergrande after interest deadline missed
China Evergrande inched closer on Friday to the potential default that investors fear, missing a payment deadline in one of the clearest indications yet that...
Banking and Finance
Cyprus Business Now
Trade union Sek has released a press statement saying that it has been asking for a ‘prudent and comprehensive’ tax reform that will be shaped...
European Central Bank expecting inflation to beat estimates
European Central Bank policymakers are bracing for inflation to exceed the bank’s already raised estimates, paving the way for it to end its emergency bond...
Hellenic Bank: sustainable development a major pillar of its strategic planning
Emphasis on implementing sustainable practices and supporting ‘green’ initiatives and businesses Extreme weather events are wreaking havoc on many parts of the planet, making the...
Robinhood to begin testing crypto wallets, with broader launch in early 2022
Robinhood Markets Inc (HOOD.O) said on Wednesday it plans to begin testing cryptocurrency wallets next month, with a broader rollout in early 2022, allowing its...
Cyprus Business Now
The Research Foundation’s chairman Nikolas Mastroyiannopoulos announced on Wednesday two new security and defence programmes. The programmes are worth a total of €3 million and...
Surge in UK fraud a national security threat, warn banks
A surge in fraud attacks on consumers since the pandemic has become a ‘national security threat’ for Britain requiring government-coordinated action across industries, banking industry...
Bank reluctance to lend to businesses jeopardises EU funds
More than €200 million in EU funds has been allocated to improve the competitiveness of Cypriot businesses between 2021 and 2027, but the full absorption...
Cyprus Business Now
71 community councils have been exempted from contributing to the construction cost of various small-scale projects amounting to €5.2 million in total. The councils’ contributions...
Cryptocurrencies post fifth straight week of inflows
Cryptocurrency investment products and funds saw inflows for a fifth consecutive week as market sentiment on the sector continued to improve, data from digital asset...
