Cyprus Business News
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...
Nicosia municipality provides €700,000 in aid to local businesses
As Nicosia recovers from the pandemic, the Nicosia municipality is working to give local businesses close to the Green Line a boost. “A lot still...
Israel reacts to spyware scandal after journalists are hacked
Israel’s Defence Ministry said on Monday that the export of cyber products, like spyware sold by NSO Group, was for lawful use and with the...
Africa’s largest hydropower project GERD delayed by Sudan-Ethiopia talks
Sudan on Monday reiterated its rejection of Ethiopia’s completion of the second filling of the Grand Ethiopian Renaissance Dam (GERD). The Grand Ethiopian Renaissance Dam...
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...