International

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, ...

A responsible-investment arm of Canada’s Bank of Montreal sold roughly $275 million worth of Microsoft Corp shares because of the company’s recent US Army contract for augmented reality headsets, ...

Britain’s Marks & Spencer is set to report on Wednesday a 90 per cent slump in full-year profit after the COVID-19 pandemic hammered its clothing sales. Analysts on average expect ...

Bitcoin slid on Friday after China doubled down on its efforts to prevent speculative and financial risks by cracking down on the mining and trading of the world’s largest ...

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 ...

The Bank of England set out plans on Friday to make its 20 billion pounds ($28.4 billion) of holdings of sterling corporate bonds better aligned with government goals to achieve net zero ...

On US oil patches stretching along the Rockies and Great Plains, trailers hitched to trucks back up toward well pads to capture natural gas and convert it on the spot ...

Euro zone business growth accelerated at its fastest pace in over three years in May, a survey showed on Friday, but European Central Bank President Christine Lagarde said an uncertain ...

China is trialing an electron beam device intended to dispose of medical wastewater safely. The electronic beam technology is being tested as a means of eradicating the coronavirus. The device ...

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. ...

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 ...

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 ...

The EU is ready to commit “significant” funds to expand European semiconductor manufacturing and support its computer chip supply chain, the Commissioner for internal markets, Thierry Breton, said on Thursday. ...

India’s technology ministry has written to Facebook Inc-owned WhatsApp asking the messenger to withdraw its updated privacy policy, which came into effect on May 15, in its biggest market by ...

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 ...

Germany’s top-flight soccer league has scrapped plans to sell a 25 per cent stake in its overseas broadcasting rights after resistance from Bundesliga clubs concerned about private equity firms meddling ...

By Pavlos Loizou, managing director, WiRE The Cyprus market for office space is expected to decline 10 per cent to 15 per cent as companies adopt the remote working model, Pavlos Loizou, ...

The decision came as the Biden administration seeks to rebuild ties with Germany, after relations deteriorated under Republican former President Donald Trump. The waivers have no specific end date, but ...

German Chancellor Angela Merkel expressed concern on Wednesday that Europe cannot make the semiconductor chips and batteries it needs to compete for the production of cars as well as the ...

Bitcoin tumbled below the $40,000 mark on Wednesday to a 3-1/2 month low as selling in digital coins intensified after China banned financial and payment institutions from providing cryptocurrency services. Bitcoin, ...

Some examples of funding €40 million will go to SMEs and councils and communities €20.5 million for energy efficiency for homes and renewables €78.4 million for improvement business competitiveness €96 million for improvement of ...

Bitcoin’s smaller rivals are eroding its share of the $2 trillion digital currency market. Of the dozens snapping at its heels, most have little use beyond financial trading – but few ...

Chinese drugmaker Innovent Biologics, Inc. and the US-based pharmaceutical firm Eli Lilly and Company announced on Tuesday that the US Food and Drug Administration (FDA) accepted for review an application ...

Cyprus has one of the lowest percentages of workers who usually work from home in the European Union a report from the European Statistical Office (Eurostat) has revealed. Cyprus vs ...