UK, free of COVID curbs, could see revival of local stores – Study
Britain’s retailers could open thousands of local high street stores over the next 12 months as people start to step out again after months of...
International
UK will take 20 years to manage pandemic debt
It will take 20 years to repay borrowings by the UK government for pandemic spending, reports released on Friday showed. The British government will be...
How to play the bitcoin rebound – analysts
Bitcoin has fallen to about half its record high in April of $63,000, and it’s been holding in that range for some time. A rebound...
Twitter beats revenue targets, shares jump 5 per cent
Twitter on Thursday reported higher revenue growth than Wall Street had expected, as the social media platform rolled out ad targeting improvements to help brands...
Global disasters keep supply chains in tatters
A new worldwide wave of COVID-19. Natural disasters in China and Germany. A cyber attack targeting key South African ports. Events have conspired to drive...
Moody’s upgrades Cyprus’ rating to Ba1, changes outlook to stable from positive (updated)
Moody’s ratings agency has upgraded Cyprus’ sovereign rating to Ba1 from Ba2 and changed its outlook to stable from positive on a decrease in banking...
How did Danske Bank wind up laundering money?
By Elena Hadjidemetriou and Dr. Louisa Borg Haviaras What went wrong at Dankse Bank? In 2018, Denmark’s largest bank, admitted that its Estonian branch had moved...
Poundland owner to create 13,000 jobs across Europe
The owner of the discount chains Pepco, Poundland and Dealz, Pepco Group , plans to create about 13,000 net new jobs across Europe over the...
Hungry, thirsty soccer fans help UK retailers return to growth
British retail sales resumed their post-lockdown recovery in June after a surprise fall in May, as soccer fans watching the Euro 2020 tournament loaded up...
Eurozone businesses boomed in July but confidence weakened
Eurozone business activity expanded at its fastest monthly pace in over two decades in July as the loosening of more COVID-19 restrictions gave a boost...
Eurobank takes 9.9 per cent stake in Hellenic Bank
Eurobank on Friday announced the acquisition of a 9.9 per cent holding (40,800,000 shares) in Hellenic Bank, according to a statement released on Friday. It...
ECB pledges low rates for longer as Delta variant threatens recovery
The European Central Bank pledged on Thursday to keep interest rates at record lows for even longer to boost sluggish inflation and warned that the...
Bank of Cyprus, Hellenic Bank get Moody’s upgrade
Moody’s Investors Service (“Moody’s”) has on Wednesday upgraded Bank of Cyprus Public Company Limited’s (Bank of Cyprus) and Hellenic Bank Public Company Ltd’s (Hellenic Bank)...
Israel says Pfizer vaccine effectiveness down to 39%
The effectiveness of the Pfizer vaccine against Covid-19 has dropped to 39 percent in Israel, the country’s Ministry of Health said on Thursday. The Pfizer...
Mercedes-Benz hits accelerator in e-car race with Tesla
Mercedes-Benz maker Daimler plans to invest more than 40 billion euros ($47 billion) by 2030 to be ready to take on Tesla in an all-electric...
Italian fashion boss offers vaccine holdouts 6 months paid leave
Italian luxury boss Brunello Cucinelli is offering six months of paid leave to a handful of employees who have refused to vaccinate in order to...
Britain unveils plan to return NatWest to majority private control
Britain’s government on Thursday unveiled a blueprint for returning NatWest (NWG.L) to majority private ownership within a year, more than a decade since bailing out...
EFG sees net profit triple in first half of 2021
Zurich-based EFG Bank, present in Limassol and Nicosia, saw IFRS net profit triple to CHF 106.5 million (€98.4 million) on CHF 629.3 million (€581.2 million)...
US and Germany strike deal on Nord Stream 2 pipeline
German Chancellor Angela Merkel and US President Joe Biden on Thursday reached an agreement on the Nord Stream 2 pipeline that will carry gas from...
Airline passengers demand global Covid-19 travel pass — IATA
Airline passengers are fed up with confusion at airports due to Covid-19 health checks, and want to see a unified global system put in place....