Cryptos turn choppy as bounce momentum ebbs
Cryptocurrencies slipped on Thursday, though without falling through recent lows, as traders clung to hopes that a nascent recovery from last week’s plunge can regain its momentum.
Bitcoin has ...
Turkish lira, at 10.32 to euro, is under extreme stress
The Turkish lira, at 10.32 to the euro, 8.44 to the dollar at this writing, is under extreme stress, according to analysts.
The currency is perilously close to its record low of 10.50 ...
Macron: Sanctions on Russia are not working
French President Emmanuel Macron said Tuesday in Brussels that the EU “needed to very deeply rework” its relationship with Moscow and that “the sanctions policy” had reached its “limits”, towards ...
Airbnb says travel industry is changing: Longer stays, family groups are new trends
Airbnb on Wednesday said new trends are changing the travel industry as longer stays, and family groups are now most popular choices.
On Wednesday, Airbnb released its Travel & Living ...
Euro on the rise; dollar on the fritz
The fundamentals for the dollar remain bearish, analysts say.
The euro is up 4 per cent against the dollar, the Brazilian real has risen 6 per cent and the Chinese yuan by ...
Cyprus stock exchange privatisation moves forward — Chairman
“Privatisation is coming soon to the Cyprus Stock Exchange (CSE),” Chairman Marinos Christodoulides told the Cyprus Mail in a note.
“Hopefully, a foreign stock exchange will be the new shareholder ...
Cyprus receives €124m in SURE loans
The European Commission has loaned Cyprus €124 million under the Support to mitigate Unemployment Risks in an Emergency (SURE) Programme, the Commission said in a press release on Tuesday.
The funds ...
Bank of Cyprus sees first quarter revenue of €136m, operating profit of €45m
Bank of Cyprus announced first quarter revenue of €136 million, and operating profit of €45 million, the bank said in a statement on Tuesday.
Profit after tax was €8 million. But organic profit (...
UK business leaders launch ‘anti-brexit’ plan to restart economy
Forget Brexit, says the Confederation of British Industry, a group which represents 190,000 companies in the UK.
The organisation says “Seize the Moment,” and releases a report intended to establish a ...
Turkish mob boss releases 7th scandal video, alleges northern Cyprus connection
Turkish organised crime boss Sedat Peker on Sunday released his seventh video in a scandalous series about government and organised crime that has garnered 70 million viewers, according to Social Blade.
...
NHS vaccination app sees 1.3 million register in UK
More than 1.3 million UK residents have registered for the National Health service app since details of vaccination against Covid were added.
The app enables users to show proof they have ...
G7 close to deal on corporate taxation
The Group of Seven top advanced economies are close to an accord on the corporate taxation of multinationals, paving the way for a global deal later in the year creating ...
Brexit is driving Europeans out of UK
Nearly five months after Britain’s official departure from the European Union (EU) following the end of the Brexit transition period, many EU citizens in Britain are considering leaving the ...
Musk says he likes crypto despite everything
Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk tweeted on Saturday that in a battle between fiat and cryptocurrencies, his support is with crypto.
Two days ago, Musk assured ...
EU Digital Covid Certificate presented as Spain opens up to Chinese, UK holidaymakers
Spanish Prime Minister Pedro Sanchez presented the European Union’s (EU) planned Digital COVID Certificate, which is meant to be key to restoring easy and safe travel across the bloc ...
Invest in the booming US? Strong euro says ‘stay home’
“I’ve never seen an economy that feels as good as the US today,” Mark Zandi, chief economist at Moody’s Analytics, told CNN Business. “The economy is booming. It’...
Lebanon’s politicians to face sanctions from EU for negligence
France, with the support of the EU Commission, is preparing sanctions against Lebanese politicians, intended to target their unwillingness to form a government despite the country’s nearly complete collapse.
...
Cyprus banks excessively exposed to real estate
Cypriot banks’ sizable property portfolios expose them to excessive property market risks, the Central Bank of Cyprus said in its Annual Report for 2020.
According to the report, as of September 30, 2020, ...
IMF seeks to ‘end pandemic’ with $50bn financing for vaccinations
The International Monetary Fund (IMF) has published a proposal to “end the pandemic” with $50 billion in financing for vaccinations, the organisation said in an note on Friday.
The proposal’s ...
Government should withdraw support schemes – Central Bank of Cyprus
The government should begin gradually withdrawing the support schemes it has promulgated during the pandemic crisis, the Central Bank of Cyprus said in its Annual Report and Financial Stability Report.
...
Cyprus government’s fast track gets foreign companies going in 7 days
The Cypriot government has given an update on its fast track mechanism to facilitate foreign companies’ ability to relocate or open branch offices in our country — more than 50 companies from ...
EU vaccination pass agreed to by Council and Parliament
EP and Council negotiators reached on Thursday a provisional deal for an EU digital Covid certificate to facilitate free movement in Europe during the pandemic, the EU Parliament said in ...
Easyjet to operate at 15% of schedule between April and June
EasyJet announced it expects to fly 15 per cent of its normal schedule between April and June, in a statement of its results released on Thursday.
The airline said it may ...
Are you ready to go back to the office?
The COVID-19 crisis has forced many companies to think about working from home. The pandemic and the use of videoconferencing globally has shown that remote working is finally here, to ...