Next steps for Cyprus on minimum corporate tax
The Cyprus government is already at work to find a solution for the country on the OECD minimum corporate tax proposal that has been agreed to by the G7 and ...
More Chinese companies added to US economic blacklist
The Biden administration is set as early as Friday to add more than 10 Chinese companies to its economic blacklist over alleged human rights abuses and high-tech surveillance in Xinjiang, two ...
Cash-strapped Lebanon army sells helicopter rides amid economic crisis
Hit by the collapse of Lebanon’s economy, the army has started selling rides on its helicopters to finance their maintenance, a measure of the depth of the financial troubles ...
‘Influencer’ army wages information warfare on Facebook
In Vietnam, where the state is fighting a fierce online battle against political dissent, social media “influencers” are more likely to be soldiers than celebrities.
Force 47, as the Vietnamese army’...
A Wise move? London listing may open fintech floodgates
Wise’s record breaking direct listing has come as a relief to other tech firms aiming to go public in the coming months, the bankers managing those deals and to ...
Square plans to make hardware wallet for bitcoin
Square Inc (SQ.N) will make a hardware wallet for bitcoin, the payments company confirmed in a tweet on Thursday shortly before US Senator Elizabeth Warren flagged growing risks posed ...
World food prices, already inflated, skyrocket as freight costs climb
Rising costs to ship crops globally are adding to concerns about food inflation that are already at decade-highs and hitting cost-sensitive consumers in import-dependent markets.
With world food prices having ...
Israeli ‘meatless meat’ company plans to disrupt food industry
Israeli cultured meat foodtech company SuperMeat has been piloting a farm-to-fork restaurant that serves a chicken menu based on meat cultivated on-site in a futuristic kitchen.
Ido Savir, CEO and ...
Jet 2 to restart flights to 40 Green- and Amber-list destinations on July 19
Jet2 announced it will restart holidays and flights to all amber list destinations from July 19, the airline said in a statement on Friday.
“It is the news that UK holidaymakers ...
Cyprus consumers are going digital – BOC study
The digital readiness of Cyprus consumers is quite well-developed, a new study shows.
Consumers in the pandemic spent more using cards in supermarkets, pharmacies and on insurance, while they bought ...
Volkswagen and BMW fined $1 bln by EU
The European Commission fined German carmakers Volkswagen and BMW a total of 875 million euros ($1 billion) on Thursday for colluding to curb the use of emissions cleaning technology they had developed.
...
UK government will not impose flexible work model on finance, says minister
Financial firms should use their experience in the COVID-19 crisis to consider how flexible working could help create a more diverse workforce but the government will not impose a model, ...
UK house prices rise by most since 1988
British house prices saw their most widespread rises since 1988 last month, but fewer homes were put up for sale and buyer demand grew less fast ahead of the end of ...
Turkey’s state banks need help to cover NPLs
Turkey is considering a fresh capital injection for state banks but they also need a plan to deal with lingering bad debt after the lenders depleted their resources helping Ankara’...
Cyprus ICT industry grows right through the pandemic – Cyprus Computer Society
The Cyprus Information and Communications Technology (ICT) industry is well and prospering; this became clear at the the Cyprus Computer Society Annual Meeting late on Wednesday.
For the Cyprus ICT ...
EU to crack down on cryptocurrencies
The European Union will propose a new agency to crack down on money laundering and new transparency rules for transfers of crypto-assets, EU documents showed on Wednesday as the bloc ...
Cash-rich Singapore Airlines aims for regional dominance as rivals pull back
Singapore Airlines Ltd (SIA), flush with $16 billion raised since the start of the pandemic thanks to help from a state investor, is in a position of dominance among its Southeast ...
US, under pressure, slowly seeks to lift Covid travel restrictions
A coalition of 24 industry organisations urged the White House to lift coronavirus restrictions that bar much of the world from traveling to the United States but a White House official ...
Cyprus needs a tax system transformation — Accountants Institute
“The global tax scene is changing: international tax developments include areas such as multinational corporations, green growth and the environment, the fight against aggressive tax planning, as well as technology ...
German finance minister says global tax reform “will happen very quickly”
German Finance Minister Olaf Scholz said on Wednesday he does not expect hurdles to moving ahead with a planned global tax reform at a G20 meeting in Venice this weekend.
“...
Amid Delta scare, EU forecasts higher growth in eurozone
The eurozone economy will grow faster than previously thought both this year and next, the European Commission said on Wednesday, despite emerging concerns the fast-spreading Delta variant of the coronavirus ...
Britain’s financial bosses could see pay linked to workforce diversity
Senior managers at financial firms could see pay linked to their progress in making their workforces more diverse and inclusive, Britain’s financial regulators said in a discussion paper on ...
EU Commission forecasts sharply higher Cyprus growth in 2021
The European Commission has raised its forecast for Cyprus’ economic growth in 2021 to 4.3 per cent from 3..8 per cent in its previous forecast.
This brings Cyprus closer into line with the ...
Vaccinated Britons returning from Amber-list nations to avoid quarantine — includes Cyprus
Fully vaccinated travellers arriving from countries on Britain’s Amber list are set to avoid quarantine from as early as July 19, British media reported on Tuesday, as airlines prepared to ...