US SEC threatens to sue Coinbase over some crypto products
The US Securities and Exchange Commission (SEC) has threatened to sue Coinbase Global Inc (COIN.O) over some of the crypto exchange’s products, turning up the heat on the ...
Cyprus consul meets Bahraini ministers to boost energy and tourism ties
Cyprus Consul Christos Poullaides held meetings with Bahraini Ministers to discuss bilateral cooperation on energy and tourism matters, according to an announcement released on Friday.
The meetings centred on discussions ...
Campaign to promote Cyprus in France and Poland deemed successful
Greek digital marketing firm Panadvert on Friday released a statement lauding the results of its advertising campaign for Hermes Airports, aimed at promoting Cyprus as a tourist destination in the ...
Cyprus’ non-performing loans drop to 9.5 per cent of total loans in 2022
Non-performing loans in Cyprus decreased to 9.5 per cent of total loans at the end of 2022, according to a report published this week by the Central Bank of Cyprus.
This marks ...
Bank of Cyprus detects and foils attempts at unauthorised transactions
The Bank of Cyprus on Saturday released a statement saying that it has detected numerous attempts to carry out unauthorised transactions, through cards of various banks, using online merchants, which ...
Cyprus Business Now
Deputy Minister of Tourism Costas Koumis this week visited the Limassol regional tourism board (Etal), pledging to provide solutions to longstanding issues in the district.
The meeting, which also saw ...
Limassol port manager committed to making Cyprus a top trade and cruise hub
Port management company DP World Limassol on Friday released a statement about the visit of three key ministers earlier this week, which marks the first official visit of the new ...
Second lab-grown chicken product cleared for human consumption by regulator
California-based cultivated meat company GOOD Meat has received clearance from the Food and Drug Administration to bring its lab-grown chicken to market, according to agency documents released on Tuesday.
Several ...
Bitcoin mining booms in Texas
Cryptocurrency bankruptcies and worries over electric power consumption have failed to dent the industry’s growth in Texas, according to a top trade group, citing the rise in the miners’ ...
British retail sales rebound despite cash-strapped consumers
Cash-strapped British households cut back on eating out and takeaways last month and instead bought food at supermarkets and shopped at discount stores, giving an unexpected boost to retail sales, ...
ECB pressures Austria’s Raiffeisen bank to quit Russia
The European Central Bank is pressing Austria’s Raiffeisen Bank International (RBIV.VI) to unwind its highly profitable business in Russia, five people with knowledge of the matter told Reuters.
...
IMF: Lebanon in ‘very dangerous situation’ with reforms stalled
The International Monetary Fund warned on Thursday that Lebanon was in a very dangerous situation a year after it committed to reforms it has failed to implement and said the ...
Crypto founder Do Kwon indicted in US following Montenegro arrest
Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion or more last year, has been charged with fraud by US prosecutors.
An eight-count indictment against ...
Firm maps Nicosia properties that are easiest to sell
Properties in the municipalities of Nicosia, Strovolos and Aglantzia are the easiest to sell in the Cyprus capital, a report by Cypriot fintech Ask WiRE showed.
The company, which operates ...
Cyprus Business Now
Cyprus’ trade deficit for the period between January and December 2022 increased by €2 billion, marking a 34.5 per cent increase compared to the corresponding period in 2021.
According to data published by the ...
Investors cautious on US stocks, even though Fed hikes may soon end
The end of the Federal Reserve’s bruising rate hiking cycle may be in sight, yet investors are finding plenty to worry about when it comes to the US stock ...
Swiss regulator defends its decision to write off AT1 bonds
Switzerland’s financial market regulator FINMA defended its decision to impose steep losses on some of Credit Suisse’s bondholders on Thursday, saying the decision was legally watertight.
On Sunday, ...
Erdogan tries to salvage economic credibility before Turkey’s election
Former Turkish economy tsar Mehmet Simsek’s refusal to return to politics has left President Tayyip Erdogan’s ruling party scrambling to rebuild its economic credibility less than two months ...
Citigroup CEO declares ‘this is not a credit crisis’ after US bank failures
Citigroup Inc (C.N) CEO Jane Fraser on Wednesday expressed confidence in US banks after a series of closures rattled investors and fueled turmoil in global financial markets.
“The banking ...
Bitcoin falls 4.5 per cent to $26,916
Bitcoin dropped 4.5 per cent to $26,916 at 20:07 GMT on Wednesday, losing $1,276 from its previous close.
Bitcoin, the world’s biggest and best-known cryptocurrency, is down 7 per cent from the year’s ...
Oil dips after Fed comments, US crude stock build
Oil prices fell on Thursday following three sessions of gains, after Federal Reserve Chair Jerome Powell highlighted banking sector credit risks for the world’s largest economy, while US crude ...
Cyprus marine centre hosts shipping stakeholders for new project
The Marine Observation Centre of the Cyprus Marine and Maritime Institute (CMMI) announced this week that it successfully held its first workshop on March 10 2023 at the Cyprus Centre for Land, ...
Cyprus Business Now
The Trade Service of the Cyprus Ministry of Energy, Commerce and Industry announced this week that it participated in the food exhibition Foodex 2023, which was held in Tokyo, Japan.
The ...
What is the European Union AI Act?
The AI Act is expected to be a landmark piece of EU legislation governing the use of artificial intelligence in Europe that has been in the works for over two ...