#BusinessPick

In a letter to lenders published Thursday, Sam Woods, the head of the Bank’s Prudential Regulation Authority said a majority of banks would need time to alter systems and ...

The founder of a New York money manager and two associates were criminally charged on Thursday with running a $1.8 billion Ponzi-like fraud where thousands of victims were falsely promised steady ...

Sales of electric and plug-in hybrid cars in the European Union almost trebled to over 1 million vehicles last year, accounting for more than 10 per cent of overall sales, data showed ...

US Treasury Secretary Janet Yellen said on Thursday that she and financial market regulators needed to ‘understand deeply’ what happened in the recent trading frenzy involving GameStop Corp and other ...

Cyprus’s 2021 budget targets a wider deficit than we had previously expected, but fiscal performance should still be strong relative to regional and ratings peers, Fitch Ratings said in a ...

PayPal said it was expecting an addition of about 50 million active users in 2021 and forecast annual revenue of about $25.5 billion, well above the $21.4 billion estimated by analysts. Its shares were ...

Denmark will launch a vaccine passport by the end of the month, and those who hold it will obtain special privileges, the Danish government announced on Wednesday. Morten Bodskov, Denmark’...

Annual Turkish inflation rose 15 per cent in January from 14.6 per cent a month ago. Core inflation, which strips out food and energy prices, also increased to 15.5 per cent, the Turkish ...

Certain television advertising in Ryanair’s ‘Jab & Go’ ad campaign has been banned by the UK Advertising Standards Authority (ASA). The tv ads showed a syringe, and a vaccine ...

EFG International, a private banking group, is expanding its presence in Cyprus after receiving regulatory licences from the Cyprus Securities and Exchange Commission (CySEC) and the Central Bank of Cyprus (...

A stronger than expected rebound in the automotive and machinery industries where customers released their pent-up demand boosted Siemens’ first-quarter results, deputy CEO Roland Busch said on Wednesday. Busch, who ...

Amazon Web Services (AWS) chief Andy Jassy will replace billionaire founder Jeff Bezos as Amazon.com’s next chief executive officer. Here’s what we know about the incoming CEO: ...

The government of Cyprus on Tuesday raised €1 billion with the sale of a five-year Euro Medium Term Note (EMTN). The debt security sale is part of the planned issuance by ...

Ryanair on Tuesday announced that it will add five additional flights every week from Paphos to Tel Aviv as part of its Summer 2021 schedule. Following strong demand from Cypriot consumers, ...

Fresh from toppling the head of Germany’s top financial regulator last week, German lawmakers are turning their fire on finance minister Olaf Scholz and his deputy Joerg Kukies. As ...

In a letter to the UK Prime Minister signed by 400 leaders of the fashion industry, fears of “decimation of the fashion industry by the Brexit trade deal” are expressed. “The ...

In the next two years, Cyprus investment projects in tourism will include nine large-scale mixed-use developments (completion date 2022), an integrated Casino Resort by the international casino giant Melco. an investment ...

Ryanair expects to lose close to €1 billion euros ($1.2 billion) in its current financial year, by far its worst ever performance, but Chief Executive Michael O’Leary forecast a “dramatic recovery” ...

Dutch central bank governor Klaas Knot said on Sunday he was “cautiously optimistic” on the chances for economic recovery later in the year, as COVID-19 vaccinations could enable countries to ...

Silver prices leapt to a five-month high on Monday and small silver miners listed in Australia surged after social media calls to buy the metal and emulate the frenzy that ...

Irish freight volumes to and from European Union ports doubled in January, the government said on Monday, as many traders shunned the once-speedier route to the continent through Britain due ...

Participants at Libya’s U.N.-sponsored peace talks have approved a list of candidates seeking to lead a transitional government that will prepare the North African state for a ...

Dubai’s house prices are expected to fall at a slower pace this year and next than previously thought as hopes for a successful vaccine rollout and an economic recovery ...

It sounds like the start of a parable: Investors stuck inside during a pandemic begin to bid up an asset until its price becomes untethered to reality. The value soars ...