Banking and Finance
The UK will on Wednesday announce demands that are expected to violate post-Brexit trading arrangements between Great Britain and Northern Ireland. The Northern Ireland Protocol,...
EU to ‘close the door’ on money-laundering
The European Commission on Tuesday proposed the creation of an anti-money laundering authority to clamp down on financial crime across the European Union (EU). “These...
Bitcoin falls below $30,000 for first time in a month
Bitcoin fell on Tuesday to its lowest in almost a month, slumping below $30,000 as regulators continued calls for tighter checks on cryptocurrencies. The world’s...
Robinhood expecting up to $35 bln valuation in huge IPO
Robinhood Markets Inc is targeting a valuation of up to $35 billion in its initial public offering in the United States, the company revealed in...
Libyan conflict has cost $580bn; EU plans military mission
The EU is firming up plans for a military mission to Libya in order to compete for influence with foreign powers there, the EUobserver reported...
Cyprus economy gets growth spurt
The Cypriot economy continues to recover after registering an impressive year-on-year growth rate of 11.2 per cent in June according to a report by the...
Binance ditches ‘stock tokens’ as global crackdown widens
Binance said on Friday it had stopped selling digital tokens linked to shares, as Hong Kong’s financial watchdog became the latest in a string of...
OPEC+ boosts production as UAE, Saudi Arabia agree to truce
The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries, known as OPEC+, agreed in an online meeting on Sunday to boost oil production...
Sterling is weak on Freedom Day as Covid-19 cases surge
It’s Freedom Day in the UK, meaning that pandemic-related restrictions are gone, but Covid-19 cases in England are now the third-highest number in the world...
Syria’s Assad says $60bn frozen in Lebanon’s banks; 80% of Syrians below poverty line
Syrian President Bashar al-Assad said on Saturday the main impediment to investment in the country was money stuck in ailing Lebanese banks. In a speech...