Business

Bitvavo, a Dutch cryptocurrency exchange, said on Friday it has 280 million euros ($296.30 million) locked at Digital Currency Group (DCG), a US-based company. “DCG is currently experiencing liquidity problems … As a ...

Limassol-based rating agency Capital Intelligence this week announced that it has upgraded the Long-Term Foreign Currency Rating (LT FCR) of the Bank of Cyprus (BoC) to ‘BB’, from ‘BB-‘. In ...

The Bank of Cyprus was named Bank of the Year in Cyprus for 2022 by the international magazine ‘The Banker’. According to an announcement from the Bank of Cyprus, Panicos Nicolaou, ...

Innovative company Irerobot is aiming to establish a significant presence in the EU research and development ecosystem, focusing on projects that have a positive human, social and environmental impact. The ...

By Maria Demertzis Central bank digital currencies (CBDCs) have become a reality in ten countries: a number of countries in the Caribbean plus Nigeria. As a digital equivalent of a ...

The average price for Russia’s Urals oil blend was $57.49 per barrel between Nov. 15 and Dec. 14, Russia’s Finance Ministry said late on Thursday, below the Western cap of $60. That ...

Panicos Nicolaou’s term in office as Chief Executive Officer (Ceo) of the Bank of Cyprus has been extended for another 4 years. During meetings on Friday, the Boards of Directors ...

By Sarah Ktisti New turmoil and serious problems are afoot at Limassol port due to the tariff increases that the port’s managing companies have decided to impose, with exports ...

European shares slid on Friday, ending the week sharply lower after major central banks flagged further rate hikes, while economic activity data from the euro zone failed to assuage concerns ...

The island’s Finance Ministry on Friday said it will introduce a 15 per cent minimum corporate tax rate on multinational and domestic groups or companies with a combined annual turnover ...

Coal has made a comeback in Germany this year, as Europe’s largest economy turns to the dirty fuel to power it through an energy crisis. More than a third (36.3 ...

A group of media companies is set to argue on Friday to the US judge overseeing the FTX bankruptcy that they should be allowed to request that the collapsed crypto ...

Cyprus’ GDP is estimated to have reached a growth rate of 5.8 per cent for 2022, according to a report released on Friday by the Central Bank of Cyprus (CBC). However, in ...

Oil fell on Friday as the market assessed the aftermath of interest rates hikes at central banks, but was poised for the biggest weekly gains in 10 weeks amid supply disruption ...

Twitter on Thursday suspended the accounts of several prominent journalists who recently wrote about its new owner Elon Musk, with the billionaire tweeting that rules banning the publishing of personal ...

The Turkish central bank’s net international reserves leapt some $3.6 billion to $26.76 billion in the week to Dec. 9, hitting their highest level this year, central bank data showed on Thursday. ...

Some investors believe an expected recession will force the Federal Reserve to loosen monetary policy next year, even as the central bank projects it will raise rates higher than it ...

The board of directors of the state-owned Cyprus Asset Management Company (Kedipes) on Thursday announced that they have decided on a new payment to the state to the tune of €80 ...

Today, the crypto market is more mature than ever before and there are a growing number of cryptos that offer investors great returns. Orbeon Protocol (ORBN), Immutable (IMX), and Bitcoin (...

Capital Intelligence Ratings (CI Ratings) this week announced that it has upgraded the Long-Term Foreign Currency Rating (LT FCR) of Hellenic Bank (HB) to ‘BB’ from ‘BB-‘ and affirmed the ...

Microsoft Corp (MSFT.O) said on Thursday its European Union cloud customers will be able to process and store parts of their data in the region from Jan. 1. The phased ...

Germany’s top regulator this week called for global regulation of the cryptocurrency industry to protect consumers, prevent money laundering and preserve financial stability. Mark Branson, the president of Germany’...

Two exchange traded funds (ETF) that track US-listed cryptocurrency futures have raised a combined $73.6 million ahead of their debut on the Hong Kong stock exchange on Friday in defiance of ...

Oil prices dipped in Asian trade on Thursday as the dollar firmed, while the possibility of further interest rate hikes from global central banks also heightened demand concerns. Brent crude ...