Hellenic Bank sees positive change, directors say at AGM
Hellenic Bank announced on Wednesday at their Annual General Meeting for 2020 that the appointment of the new CEO Oliver Gatzke is awaiting the approval of both the European Central Bank ...
Gold gains after US Fed chief calms rate hike fears
Gold prices rose on Wednesday after US Federal Reserve Chair Jerome Powell pledged to keep interest rates near zero for some time, although gains were capped by a slight uptick ...
Turkey makes major effort to shore up lira, reserves
Turkey is in talks to secure currency swap agreements with four countries and is close to a deal with two of them, Central Bank Governor Sahap Kavcioglu said at a ...
Little change expected in UK ‘Green list’ countries on Thursday
The UK government is to review the Traffic Light classification system for travel destination countries on Thursday, but reports say that little change is expected.
The PC Agency, an old ...
Cyprus radio industry remains strong despite overall decline in EU
The radio broadcasting industry in Cyprus has remained strong while in most of the EU it is declining.
Cyprus has 37 broadcasters, the European Union’s statistical service (Eurostat) noted in ...
Investors eye Fed Chairman Powell’s speech for inflation concerns
With all eyes on the US central bank this week, some investors are looking to a parade of Federal Reserve speakers to calm market volatility, saying the reaction to the ...
Bitcoin recoups some losses in Asia
Bitcoin regained some ground on Tuesday, a day after touching a two-week low after China’s central bank reaffirmed a crackdown on cryptocurrencies and restricted trading channels for Chinese residents.
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Airlines back to 50% of pre-pandemic level — Ryanair leads
On Sunday, the number of traffic flights in European airspace on a weekly basis again rose above 50 percent of the pre-corona level. With 19,826 flights, Friday was already the busiest day ...
Cyprus could see important investment in global campaign for children
Before Covid, there were 1 billion vulnerable and disadvantaged children in the world. Covid is thought to have increased this number by 20 per cent.
Tony Hollingsworth, a veteran producer, is managing ...
ECB set to allow inflation to float above 2%
The ECB’s elusive inflation goal, currently set “below but close to 2 per cent”, seems almost certain to get a facelift and be set at 2 per cent, with a tolerance ...
Cashless payments to increase by 80% by 2025
Global cashless payment volumes are predicted to increase by more than 80 per cent from 2020 to 2025, from about 1 trillion transactions to almost 1.9 trillion, and to almost triple by 2030, according to a ...
New drugs show progress with Alzeheimer’s
Data from clinical trials of three experimental Alzheimer’s disease drugs expected to start emerging next year could help shed light on whether U.S. regulators were justified in their ...
Airlines, holiday companies ramp up pressure on Britain to ease travel rules
Britain’s airlines and holiday companies are planning a “day of action” on Wednesday to ramp up pressure on the government to ease travel restrictions, with just weeks to go ...
Google seeks ‘racially diverse’ skin tones for products
How many colours do you need to describe the human race? Google is trying to find out.
Alphabet Inc’s (GOOGL.O) Google told Reuters this week it is developing ...
Gold is still eyeing $2,000 per ounce, analysts say
Why do people always say, ‘I hate to say I told you so,’ when in fact we know they love it.
So we will not hesitate to remind you that, ...
Cyprus drops to 33 in World Competitiveness Ranking despite improving economy
Cyprus ranked in 33rd place in the 2021 Institute for Management Development World Competitiveness Ranking
Cyprus dropped three places in the ranking from the previous year, according to the survey which ...
Copyright compensation must be reasonable, EU’s top court rules
Copyright trolls can turn to EU rules to demand compensation for infringed works on peer-to-peer networks but only if their requests are proportionate, Europe’s top court said on Thursday.
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Covid-19 Green Pass launched in Italy
Italian Prime Minister Mario Draghi on Thursday signed a decree to create “green pass,” a digital proof that the holder is not infected by the coronavirus.
The system, which became ...
Fun Run Cyprus puts joy into exercise
Running is viewed as an isolated form of exercise. Limassol-based Fun Run Cyprus is here to change that perception by cultivating a community of like-minded people who help support each ...
The post-Covid boom and the road beyond
By Ioannis Tirkides
Optimism is rising high in the global economy for the recovery in 2021-22, and growth forecasts are being revised higher. The European Commission now expects real GDP ...
Bank of Cyprus places €300mn bond
Bank of Cyprus announced on Thursday that it has successfully completed the issuance and sale of a €300 million high-priority bond through its European Medium-Term Bond Loan Program (EMTN Program), the ...
Euro, pound drop sharply, dollar jumps after Fed signals upcoming rate hikes
Federal Reserve officials signaled on Wednesday that they expected to raise interest rates from near-zero levels sooner than they had previously forecast.
The euro and the pound both fell sharply ...
Lidl increases European market share as grocery sector remains strong
German supermarket chain Lidl captured a new record market share of 6.2 per cent across Europe during the previous year as the entire sector bucked wider retail trends for a strong ...
Cyta sees after-tax profit of €70.8m in 2020, highest in 9 years
Cyta saw its highest after-tax profit in nine years of €70.8 million for the full year of 2020, and announced a positive outlook for its results in 2021, at a press conference on ...