Cyprus property market should look to the West says industry expert
With the war in Ukraine causing a range of short and long term issues, with the global economy likely requiring years to recover, Cyprus should shift its focus to the ...
Russia faces a raft of external debt payments
Russia is due to make another dollar-denominated payment to bondholders on Monday after last week defying fears it might not be able or willing to do so, following Western countries’ ...
Cyprus Business Now
Hellenic Bank announced on Monday the successful completion of a conference it held during the previous week to support small-to-medium-sized enterprises (SMEs), with participants having had the opportunity to share ...
Wheat prices soar on Ukraine fears, but US growers can’t cash in
After Russia’s invasion of Ukraine sent global wheat futures soaring, US farmer Vance Ehmke was eager to sell his grain.
Local prices shot up roughly 30 per cent to nearly $12 ...
Mortgage-to-rent scheme planned to help vulnerable borrowers
The government will formally seek approval from the European Commission later this year to transform the successor entity to the failed co-op bank into an asset management company.
In parliament ...
Over 1m people in England could be borrowing from a loan shark
As many as 1.08 million people in England could be borrowing from a loan shark, more than three times the government’s most recent estimate, according to a report by a ...
High quality natural gas in Glaucus-2 but doubts over quantity (Updated)
ExxonMobil and Qatar Petroleum, consortium partners in Block 10 of Cyprus’ Exclusive Economic Zone have found “high-quality natural gas” in the ‘Glaucus-2’ appraisal well, the energy ministry said Monday.
In a ...
Global regulators monitor crypto use in Ukraine war
The global Financial Stability Board is closely scrutinising the use of cryptoassets during the war in Ukraine after concerns they could be used to evade Western sanctions on Russia.
The ...
Egyptian pound drops 10 per cent after Ukraine war prompts dollar flight
Egypt’s pound depreciated by 10.67 per cent on Monday after weeks of pressure on the currency as foreign investors pulled out billions of dollars from its treasury markets after Russia’...
Oil jumps as EU weighs Russian ban, Saudi refinery output hit
Oil prices jumped more than $3 on Monday, with Brent above $111 a barrel, as European Union nations consider joining the United States in a Russian oil embargo, while a weekend attack ...
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 ...
Complying with an ECHR decision
A violation of Article 6.1 of the Convention was found and the re-opening of an appeal ordered
The decision of the European Court of Human Rights (ECHR), dated January 9, 2018, in the ...
Building density and real estate development
It is a fact that real estate development creates jobs and boosts the economy of Cyprus. Development is controlled by existing town planning zones, which set the building density allowed, ...
Paris taxi driver files lawsuit against Tesla after fatal crash
A Paris taxi driver whose Tesla Model 3 crashed in December, killing one person, has filed a legal complaint against the US carmaker, his lawyer said on Sunday.
The French government ...
Universal Music label acquires ape NFT to lead virtual music group
Universal Music Group (UMG.AS) is capitalizing on the popularity of non-fungible tokens by acquiring one of the cartoon apes that have taken the world of digital collectibles by storm ...
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 ...
HSBC buys virtual plot of land in digital push
HSBC (HSBA.L) is buying a plot of virtual real estate in an online gaming space called The Sandbox for an undisclosed sum, the bank’s first major foray into ...
Why is Cryptocurrency trading so beneficial and popular?
Trading cryptocurrencies is a bit confusing for many investors. It’s called CFD trading, and it means you speculate on the market and whether it might rise or fall. You ...
Future predictions about Cryptocurrency after the 2021 breakthrough
Bitcoin hit all-time-high prices in 2021, but then there were a few large drops. Plus, Ethereum soared to a new high that year, too. From there, the US government is looking ...
Countries and companies shun Russian crude over Ukraine invasion
Russian gas flows to Europe remain stable, but Western sanctions over Moscow’s invasion of Ukraine and voluntary actions by buyers are starting to impact its crude oil and oil ...
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 ...
Sugar rush: Russia probes price hikes and ‘unjustified’ shortages
Russia’s Federal Anti-Monopoly Service (FAS) said on Thursday it was conducting “anti-cartel” inspections at major sugar producers following a sharp increase in sugar prices and “unjustified” shortages in some ...
Egypt state banks setting up $85 million fintech innovation fund
Egypt’s three biggest state-owned banks are setting up an $85 million financial technology fund that aims to accelerate innovation in the sector, venture capital firm Global Ventures, a partner in ...
Saudi Arabia hikes oil investments as it profits from price surge
Saudi Arabia’s state oil company Aramco, under pressure from the West to boost output amid soaring prices, pledged on Sunday to hike investments by around 50% this year as it ...