Post-Brexit UK businesses struggle to trade with EU – Study
Almost a third of businesses that trade with the EU have suffered a decline or loss of business since new barriers to trade were introduced on January 1, according to a ...
UK to win exemption for financial services from minimum tax
Britain is set to secure an exemption for financial services from a new global tax system which was agreed by the Group of Seven economies to squeeze more money out ...
Banks still have essential role to play — Economist – Cyprus Economic Society
Do we still need banks? What role do they play in our society today?
The role of banks today has not changed, despite the many changes we have gone through, ...
Israel seeks to extend new Gulf ties to all Middle East, says Lapid
Israel’s new foreign minister said on Wednesday his landmark visit to the United Arab Emirates was just the start of a road to wider peace in the Middle East, ...
US firm expected to offer $9 bln for Morrisons
The US private equity firm trying to buy Morrisons (MRW.L) should increase its offer to around 6.5 billion pounds ($9 billion) to merit engagement from the British supermarket’s board, according ...
Challenge to Brexit protocol for Northern Ireland rejected
Northern Ireland’s High Court on Wednesday rejected a challenge by the region’s largest pro-British parties to part of Britain’s divorce deal with the European Union, saying the ...
Global shipping backlog threatens Christmas gifts
Suppliers to Walmart (WMT.N), Target (TGT.N), Amazon.com (AMZN.O) and other major retailers told Reuters they are placing holiday orders for Chinese-made merchandise weeks earlier this year, ...
Europe needs digital euro says French central bank governor
Europe’s sovereign control over its money is at risk if it does not push ahead with plans for a digital euro and a European payments system, France’s central ...
Egyptian billionaire Onsi Sawiris dies
Onsi Sawiris, the patriarch of a family of billionaire businessmen who launched a group of multinational companies under the Orascom umbrella, died on Tuesday at the age of 90, chairman of ...
Post-Brexit banks demand sharply higher fees for UK payments
Companies making payments from the UK to the EU are seeing sharply higher fees that add up quickly, a report in Finance Monthly shows.
Some European companies are also faced ...
Teenage entrepreneur creates innovative new companies in Cyprus
Arian Adeli started his first company when he was sixteen. The company has been successful, and so Arian has written a book to go with it. Since then, he and ...
EU plans new safety rules for the workplace wherever it is
The European Commission plans to update its rules on worker safety to reflect the shift millions of employees made to working from home during the COVID-19 pandemic and to reflect ...
Britain publishes CO2 permit free allocation list for aviation
Britain has published a list of the number of free UK carbon permits each aircraft operator will receive from 2021-2025 under the country’s domestic emissions trading system (ETS), the ...
Lebanon raises fuel prices in bid to ease shortages
Lebanon’s government raised fuel prices by more than a third on Tuesday, a move aimed at alleviating crippling shortages but which will mount pressure on impoverished consumers.
The government ...
TUI cancels flights to Cyprus, other destinations to July 4
TUI has cancelled flights to a slew of destinations, including Cyprus, to July 4, the company said in a statement released on Tuesday.
Other destinations are cancelled until July 11. Cancellation periods ...
HSBC humbled by China
On a rainy day last November, China Baowu Steel Group, the world’s largest steel maker, gathered its finance department for a training session on the outskirts of Shanghai. One ...
Facebook hits $1 trillion value after judge rejects antitrust complaints
A US judge on Monday dismissed federal and state antitrust complaints against Facebook Inc (FB.O) that sought to force the social media company to sell Instagram and WhatsApp, saying ...
Vietnam’s GDP grows 5.64% in first half as industry and construction boom
Vietnam recorded a year-on-year GDP growth of 5.64 percent in the first half of this year, three times higher than the growth rate of 1.82 per cent posted in the same period ...
Cyprus must reduce the burden of debt with foreign immigration
By Pavlos Loizou, Managing Director, WiRE FS
It is a paradox that currently only a handful of people in Cyprus are still concerned with the matter of NPLs. Maybe they ...
Lebanon’s economic collapse bites hard in neglected north
Taha Riz has worked just three days in more than a month at his Tripoli bakery, in Lebanon’s neglected north where economic meltdown has hit hardest and plunged thousands ...
ECB member: bank should retain emergency stimulus flexibility
The European Central Bank should retain the exceptional flexibility of its emergency bond buys after the current crisis, ECB board member Fabio Panetta said on Monday, setting the stage for ...
Frankfurt banker headcount to drop despite Brexit boost
Banking jobs in the German financial capital of Frankfurt are on the decline despite a boost from Brexit, according to a study by German lender Helaba.
Headcount at the city’...
Turning Cyprus into a software development hub
‘You can’t always get what you want…so try…to get what you need’
When it comes to creating a software development hub, what the Rolling Stones’ Mick Jagger ...
Building systems from scratch in telecoms
Elena Tassy Kokkalou is HR manager at Ceranext
Ceranext designs smart, tailor-made, communication solutions that provide cutting-edge operational advantages. Our bright team strives to invent, shape and customise solutions which ...