Pound moves higher on expected Brexit deal; euro steady
Sterling extended gains on Thursday amid expectations a long-elusive Brexit deal was imminent, raising hopes the UK can avoid a turbulent economic rupture on New...
Banking and Finance
Brexit ‘thin’ deal announcement expected today; fisheries compromise reached
UK Prime Miinister Boris Johnson is expected to announce a Brexit trade deal today (Thursday), the Financial Times reported. Negotiators worked through the night to...
European Recovery Fund proposals complete; Finance Minister to sign off in January
The proposals for projects to be funded by the European Recovery programme have been completed by all Cyprus government ministries, and are ready for approval...
Brexit talks still struggling with fisheries compromise
Brexit talks are in the “final push,” on Wednesday, as the rift over fisheries seems to daunt negotiators. “We are really in a crucial moment....
Vaccine bonds on sale to fund speedy rollout for poorer countries
A wave of vaccine bond deals that will seek to provide billions of dollars for the speedy rollout of Covid-19 shots for developing countries is...
Libya in uneasy peace as oil revenue remains frozen
The recent peace talks in Geneva under the aegis of the United Nations have led to guarded optimism about a restart for the Libyan economy....
Oil demand still between 6-7 million bpd below pre-crisis levels.
Global oil demand is still between 6 and 7 million barrels per day (bpd) below pre-crisis levels, Russian Deputy Prime Minister Alexander Novak said on...
Dollar soars, sterling sinks as coronavirus lockdowns stoke safe-haven demand
The dollar climbed against its major peers on Monday with investors rushing for its relative safety as many countries tightened COVID-19 lockdowns. Sterling was on...
Tesla’s Elon Musk mulls major bitcoin investment
As bitcoin hit a new record high of high of $24,299.75 on Sunday, Elon Musk asked about the possibility of converting “large transactions” of Tesla...
Bitcoin belongs in the portfolio of Cypriot investors – Ark36
Ark36 came to Cyprus because it is the right place to set up our cryptocurrency investment fund, says Ulrik Lykke, founder of the crypto assets...
