Just how bad is Lebanon’s economic meltdown?
The International Monetary Fund (IMF) said on Thursday it had reached a preliminary agreement with Lebanon for a four-year extended fund facility that would only get full approval from the ...
Ukraine conflict hits PC market
The war in Ukraine and the sanctions imposed on Russia have ended seven consecutive quarters of growth in the PC market in Europe, the Middle East and Africa (EMEA), said ...
China state refiners shun new Russian oil trades, teapots fly under radar
China’s state refiners are honouring existing Russian oil contracts but avoiding new ones despite steep discounts, heeding Beijing’s call for caution as western sanctions mount against Russia over ...
Manure supplies run short as fertilizer prices soar
For nearly two decades, Abe Sandquist has used every marketing tool he can think of to sell the back end of a cow. Poop, after all, needs to go somewhere. ...
More than 7 million passengers expected in 2022
Transport Minister Yiannis Karousos on Wednesday said during a conference held by the Employers and Industrialists Federation (Oev) at the Ayia Napa marina that passenger traffic to Cyprus is expected ...
No universal solution for shipping industry decarbonisation
European Community Shipowners’ Associations (ECSA) president Philippos Philis on Tuesday said that the shipping industry cannot choose to ignore global decarbonisation efforts, despite the complex nature of the undertaking.
Philis, ...
US stops Russian bond payments in bid to raise pressure on Moscow
The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at US banks, in a move meant to ...
Pandemic made access to capital harder for Cypriot businesses
The Central Bank of Cyprus on Monday said that the coronavirus outbreak in Cyprus, exacerbated by the emergence of the Omicron variant, led to a sudden tightening of business loan ...
Nearly half of crypto owners first bought digital assets in 2021
Almost half of all cryptocurrency owners in the United States, Latin America and Asia Pacific purchased the digital assets for the first time in 2021, according to a new survey from ...
The chip challenge: Keeping Western semiconductors out of Russian weapons
When Silicon Valley chipmaker Marvell learned that one of its chips was found in a Russian surveillance drone recovered in 2016, it set out to investigate how that came to be.
...
Was closure of RCB as a bank avoidable?
The ‘controlled resolution’ of RCB in the wake of the Ukraine crisis is a minor bump in the road compared to the 2013 crisis, but one expert says it could have ...
Russia’s rouble rebound is not as real as it seems
The rouble has staged a lightening-fast recovery to levels last reached in the days before Russia invaded Ukraine, defying predictions that the war would launch it into freefall.
The dramatic ...
Cyprus deficit drops to €465 million in 2021
Cyprus’ government deficit fell to €465 million at the end of the previous year, reflecting a reduction of €463.87 from 2020, according to a financial report released by the treasury this week.
The ...
Russia eases some curbs on transferring money abroad
Russia’s central bank said on Friday it was softening restrictions on foreign fund transfers for individuals for a six-month period.
The bank said the measures, which raise an earlier ...
Cyprus wants to increase youth financial awareness
The Cyprus Securities and Exchange Commission (CySEC) announced this week its successful participation in this year’s Global Money Week event, an annual event seeking to promote financial literacy.
Organised ...
European stocks set for biggest quarterly drop since 2020
European stocks were little changed on Thursday, holding near recent one-month highs but set for the biggest quarterly drop since the start of 2020, while oil prices fell and eastern Ukraine ...
All Russia’s big exports could soon be in roubles, Kremlin signals
The Kremlin indicated on Wednesday that all of Russia’s energy and commodity exports could be priced in roubles, toughening President Vladimir Putin’s attempt to make the West feel ...
Cracks widen in euro zone economy as war in Ukraine rages on
Europe’s economy is increasingly strained by Russia’s war in Ukraine as growth stalls, confidence plummets and inflation soars, data and warnings from policymakers made clear on Wednesday.
Sanctions ...
Cyprus promoted in Israel as investment destination
The Cyprus Investment Promotion Agency, commonly known as Invest Cyprus, on Tuesday held an event in Israel to promote the island as an investment and business destination.
The Cyprus Roadshow 2022 ...
Cyprus tourism to focus on quality and authenticity
Transport Minister Yiannis Karousos and Deputy Minister of Tourism Savvas Perdios on Tuesday stressed the importance of attracting high-quality tourists, who are more resilient to external shocks, as well as ...
US sees compliance, even ‘self-sanctioning’, on Russia export controls in Asia
The United States has not seen any indications of non-compliance in Asia with export controls on Russia due to its invasion of Ukraine, and companies are even self-sanctioning, a senior ...
Lebanon’s central bank chief is suspect in 120 mln euro asset freeze case
Lebanese central bank governor Riad Salameh is a suspect in a case the European Union’s criminal justice agency said on Monday had led to the freezing of some 120 million ...
Lagarde’s Cyprus visit at ‘important time’ for EU, central bank says
The visit to Cyprus this week by the president of the European Central Bank (ECB) Christine Lagarde comes at “a particularly important time” for the European Union and the Eurozone, ...
Tickmill: Bridging academia-industry gap
Tickmill’s first data science competition among university students has helped bridge the gap between academia and the industry, head of Quantitative Research, Chariton Christou said during the award ceremony ...