International

Britain’s finance minister Rishi Sunak on Wednesday launched a new state-backed loan scheme for businesses hit by the COVID-19 pandemic, replacing existing programmes that have seen struggling businesses borrow ...

Cyprus on January 4 activated the beneficial owners register, thus completing the transposition of the 4th AML Directive (Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on ...

Germany’s financial watchdog has taken direct oversight of day-to-day operations at Greensill Bank, as the lender’s ailing parent company warned that its loss of $4.6 billion of credit insurance ...

Britain’s big four banks amassed more than £200 billion ($277.52 billion) of new deposits last year as customers reined in spending through pandemic lockdowns, far outstripping extra lending to struggling businesses ...

The market for Cyprus office real estate is forecast to fall 10 per cent to 15 per cent in aggregate office demand this year, reports Wire-FS, an independent real estate asset management ...

Volvo’s entire car lineup will be fully electric by 2030, the Chinese-owned company said on Tuesday, joining a growing number of automakers planning to phase out fossil-fuel engines by the ...

A film called Nobody is to be released on Friday – it tells the story of an innocent person who inadvertently becomes the target of a vengeful drug lord. Know who’...

Turkish Airlines posted a net loss of $836 million for 2020, according to a report on financial results released on Monday. The Turkish national airline, which is 49.12 per cent owned by the ...

A revamped Alitalia, renamed ITA will start with 45 planes, have around 4,500 workers and get just over €1 billion ($1.2 billion) in state support, less than half of what was previously envisaged, newspaper ...

The world’s biggest central banks will happily live with higher inflation and investors now aggressively betting on a quicker end to monetary stimulus are all but certain to be ...

Bitcoin is forecast to become an important instrument in international trade, as well as a means to protect businesses from forex risk, according to a report released by Citigroup’s ...

AstraZeneca sold its stake in rival COVID-19 vaccine maker Moderna for roughly $1 billion over the course of last year as the Anglo-Swedish drugmaker cashed in on the meteoric rise in ...

By Andrew Rosenbaum and Karim Arnous As an architect Yiannis Armeftis has done much to beautify Limassol. Now, as a leader of the newly established initiative in Limassol, he has ...

In October 2020, Miami-based art collector Pablo Rodriguez-Fraile spent almost $67,000 on a 10-second video artwork that he could have watched for free online. Last week, he sold it for $6.6 million. The ...

Britain’s government plans to launch the world’s first sovereign green bonds for retail investors as part of its push to create a net-zero-carbon economy by 2050. The savings bonds ...

China’s rare earths are underpriced due to vicious competition and face low resource utilisation, which would lead to a race to the bottom, the country’s industry minister said ...

“Househusband”, popular on manga apps and in print, plays with gender stereotypes at a time of social change in Japan. The strip has been made into a TV drama, with ...

Much like an abandoned mansion that is falling apart from negligence, the Lebanese economy is decaying day-by-day as the ruling political parties stand by and watch. Unable to produce a ...

Saudi Aramco has asked banks to extend by a year a $10 billion loan it raised last May, two sources familiar with the matter said, suggesting that rebounding crude prices are ...

The 90-year-old billionaire on Saturday admitted he “paid too much” when his Berkshire Hathaway Inc spent $32.1 billion in 2016 to buy aircraft and industrial parts maker Precision Castparts Corp, its largest ...

We’re in the Vaccine Economy, and it’s risk-on again! Open up the laptop; there are some pretty good possibilities to turn €10,000 into a larger sum, and you don’...

For a small island, Cyprus has big ambitions. Having already established itself as a growing fintech centre, Cyprus has long recognised it must continually change and challenge itself to remain ...

Emilios Tannousis is the Manager Wealth Management at Bank of Cyprus. With an experience of almost 20 years in the Wealth and Asset management industry he is covering the Private Banking ...

Biography Richard Thomas is the Head of EFG International’s UK Region and member of the Global Business Committee since 02 January 2019. In addition, he is CEO of EFG Private Bank ...