International

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 sector risks and the ...

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 more than $230 billion from ...

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 next three years as it aggressively opens ...

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 on food and drink to enjoy ...

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 to services but fears of ...

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 also announced entering into a share purchase ...

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 rapidly spreading Delta variant of ...

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) long-term ...

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 vaccine is also only 41 per ...

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 car market, but warned the shift in technology ...

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 protect workers who have taken ...

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 the lender at ...

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) in revenue for the first half of 2021, according to ...

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 Russia to Europe, bypassing Ukraine, on ...

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. This is according to a ...

The Budapest Airport has reported a record turnover for its first six months in 2021, thanks to the Chinese e-commerce giant Alibaba, the airport informed Wednesday. “Thanks to the record half-year, ...

“I might pump, but I don’t dump,” said Elon Musk on Wednesday. “I definitely do not believe in getting the price high and selling … I would like to see ...

The public consultation on “Vision 2035: Long-Term Strategy for the Sustainable Development of the Cypriot Economy,” was launched on Wednesday. Speaking at the launch conference, Finance Minister Constantinos Petridis noted that ...

Israel’s government on Wednesday unveiled a plan to lower fresh produce costs by cutting customs duties and opening the sector to competition, potentially ending years of prices far above ...

Johnson & Johnson on Wednesday forecast $2.5 billion in sales of its one-shot COVID-19 vaccine this year based on the current price of $5 per dose and said that could rise to $8 ...

Coca-Cola has not seen any direct sales impact after Portugal soccer player Cristiano Ronaldo removed two bottles of its soda placed in front of him at a Euro 2020 press conference ...

Moody’s Investors Service has affirmed RCB Bank’s deposit rating and upgraded its outlook from stable to positive in its newly published and updated press release on the Bank. ...

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, agreed by the UK and ...

Netflix Inc (NFLX.O) said it would make a deeper dive into video games as the movie and TV streaming service projected weak subscriber growth amid growing competition and the ...