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 ...
French retailer Auchan says it plans to remain in Russia, Ukraine calls for boycott
Privately-owned French retailer Auchan plans to maintain its presence in Russia, its CEO said in an interview published in the French newspaper Journal du Dimanche on Sunday, prompting Ukraine to ...
Hard landing: Lessors lose hope of getting Russian planes back
As the clock runs down to Monday’s sanctions deadline for Russian airlines to hand back more than 400 leased planes worth almost $10 billion, foreign lessors are fast losing hope that ...
Cyprus to commercialise academic research to bolster economy
Chief Scientist and Research and Innovation Foundation president Nikolas Mastroyiannopoulos, during an interview with the Cyprus News Agency earlier this week, revealed that the creation of a national knowledge transfer ...
HSBC steps up scrutiny of Russian clients worldwide as sanctions ratchet up
HSBC (HSBA.L) is shunning prospective Russian clients and declining credit to some existing ones, two sources with knowledge of the matter told Reuters, as the bank seeks to shield ...
Clients plead with top custodian banks to stay in Russia
Global banks including Citigroup Inc (C.N), JPMorgan Chase & Co (JPM.N) and Societe Generale (SOGN.PA) face pressure to commit to remaining as custodian banks in Russia, as ...
RCB to close its banking operations in shift towards asset management
RCB Bank on Thursday announced that it will cease operating as a bank and would become an asset management company.
The bank cited the “ongoing and extremely volatile geopolitical situation” ...
As sanctions bite Russia, fertilizer shortage imperils world food supply
Sky-high fertilizer prices have farmers worldwide scaling back its use and reducing the amount of land they’re planting, fallout from the Ukraine-Russia conflict that has some agricultural industry veterans ...
Agrotourism product must continue improving, official says
Cyprus Agrotourism Company (Kea) director Annita Demetriadou on Tuesday said that the island’s rural tourism product must be constantly bolstered, citing various aspects that require the organisation’s involvement.
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RCB sells big loan portfolio to Hellenic Bank
RCB Bank on Tuesday announced that it has agreed to the sale of a performing loan portfolio to Hellenic Bank, including any related funds on the accounts belonging to the ...
Pressed to choose sides on Ukraine, China trade favors the West (Updated)
US President Joe Biden’s warning of “consequences” for any aid China may give to Russia’s Ukraine war effort aims to force Chinese President Xi Jinping to choose a ...
US Treasury official sees modest uptick in crypto illicit finance, but transactions small
US officials have observed an uptick in the use of digital assets to facilitate illicit finance since Russia invaded Ukraine, but the transaction volume is too small to play a ...
How Russia could use bankruptcy law to punish foreign companies
As foreign companies seek to exit Russia over the war in Ukraine, they face the prospect that Russian bankruptcy law could be used to seize assets and even lead to ...
Solar energy use among highest in Europe says Pilidou
Cyprus has work to do in order to accelerate its switch to greener forms of energy, but has already accomplished a fair amount, Energy Minister Natasa Pilidou said during a ...
Russia sanctions pierce luxury jet world’s ultra-private bubble
The gleaming, late-model European jet for sale was a rarity in the hot market for second-hand corporate aircraft.
It was only after aviation lawyer Amanda Applegate’s client did some ...
Digital innovation at the spotlight of Nicosia event
The benefits of digital solutions and the resulting improvement in business competitiveness were highlighted at an event in Nicosia on Wednesday.
The event was organised by IBM spinoff Kyndryl, whose ...
Cyprus economy still growing but slowing down
The Cypriot economy continues to grow, showing improvement over the performance of the previous year, but external factors are contributing to a loss of momentum, according to a report by ...
Airline industry asks for removal of all Covid-19 restrictions
Airports Council International (ACI Europe) and the International Air Transport Association (IATA) on Monday asked for the removal of all Covid-19 travel restrictions currently in force for trips within the ...
ECB puts Russians in EU, even residents, under scanner
European Union regulators have told some banks to scrutinise transactions by all Russian and Belarusian clients, including EU residents, to ensure that they are not used to circumvent Western sanctions ...
Sanctions impact cruise line industry
The impact of Russia’s invasion of Ukraine inevitably impacted the cruise line industry, with all major cruise companies rapidly seeing the adverse effects of both the conflict and the ...
Finance ministry ups inflation forecast to 4%
As petrol prices surge in the wake of Russia’s invasion of Ukraine and consumers fret over the cost of living, the finance ministry has revised its forecast for inflation ...
As West shuns Moscow, officials say India eyes more cheap Russian oil
India may take up a Russian offer to buy crude oil and other commodities at a discount, two Indian officials said, in a sign that Delhi wants to keep its ...