Cyprus Business Now
There was a €24.6 billion international trade deficit in the euro area in June 2022, according to a report released on Tuesday by the European Union’s statistical office (Eurostat).
In addition, ...
Cryptoverse: Electric ether leaps on verge of Merge
It looks like ethereum’s mega-upgrade is happening. Finally.
After years of delays, the “Merge” seems all but certain to take place in September, with the cryptography underlying the blockchain ...
European Union working to increase economic, security ties in Pacific
The European Union is working to boost its presence in the Pacific through economic ties and new security commitments as geostrategic competition in the region intensifies, the bloc’s ambassador ...
Barclays sees crude surplus in near-term, cuts Brent price view
Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to “resilient” Russian supplies.
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Tencent stops sales on its NFT platform Huanhe a year after launch as scrutiny mounts
Chinese internet giant Tencent Holdings’ (0700.HK) non-fungible token (NFT) platform Huanhe will no longer release digital collectibles to the public, it said on Tuesday, as regulatory scrutiny of NFTs mounts ...
Dubai Mall owner Emaar to discuss selling its e-commerce business
The board of Dubai’s Emaar Properties (EMAR.DU), which owns the Dubai Mall, will meet on Thursday to discuss the sale of its e-commerce fashion business, the company said ...
Gnox (GNOX) likely to be bought up on launch by Ethereum (ETH) and Cardano (ADA) Whales after presale sell out
The July CPI (Consumer Price Index) report was released, and markets rallied hard at the news. Inflation rose by 8.5% in July compared to 9.1% in June, inflation is slowing down, and ...
Third Point discloses stake of nearly $1 bln in Disney, pushes for changes
Hedge fund Third Point on Monday disclosed a stake of roughly $1 billion in Walt Disney Co (DIS.N) and said it plans to push the media company to make a ...
Wall Street revives Russian bond trading after US go-ahead
Several major Wall Street banks have begun offering to facilitate trades in Russian debt in recent days, according to bank documents seen by Reuters, giving investors another chance to dispose ...
Egypt’s central bank seen hiking rates to dampen price rises
The Central Bank of Egypt (CBE) will hike its overnight deposit rate by 50 basis points (bps) on Thursday as it works to keep inflation in check, a Reuters poll forecast.
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Oil settles lower on weak economic Chinese economic data
Oil prices settled lower on Monday after disappointing Chinese economic data renewed concerns of a global recession that would be expected to reduce fuel demand.
Brent crude futures settled down $3.05, ...
Petrides warns opposition on VAT: don’t make comparisons with Germany (updated)
Finance Minister Constantinos Petrides has warned opposition parties not to start “making noises” about Germany seeking a VAT exemption on a new consumer levy on energy consumption, saying it was ...
Saudi prince made $500m Russia bet at start of Ukraine war
Saudi Arabia’s Kingdom Holding Co 4280.SE, the investment firm controlled by billionaire Prince Alwaleed Bin Talal, quietly invested more than $500 million in three major Russian energy companies between February ...
Explainer: Why Europe faces climbing energy bills
A global surge in wholesale power and gas prices means households across Europe face much higher energy bills this year and beyond, with the region’s most vulnerable exposed to ...
Israel arrests three in international money laundering probe
Israeli authorities said on Monday they had arrested three suspects as part of an investigation into “large-scale fraud” against the French treasury and the theft and laundering of millions of ...
European shares edge higher on healthcare lift, weak China data stokes worries
European shares hovered near two-month highs on Monday, as signs of a slowing Chinese economy prompted investors to turn to defensive sectors such as healthcare and consumer staples typically seen ...
Donation agreement between parent and child
The donation agreement should be simple, clear and without reservations
A parent wishing to transfer property to a child should not leave pending matters which may create disputes between their ...
A new traffic problem in the making
The green light was given by the environment department for the creation of a new Jumbo store at the ex-Mazda showroom at Latsia, Nicosia. This is sure to create problems.
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Crypto derivatives volumes surge to $3.12 trillion in July
Cryptocurrency derivatives trading on centralised exchanges rose to $3.12 trillion in July, a 13per cent monthly increase, researcher CryptoCompare said on Thursday, as crypto prices show signs of recovery from the ...
Bruised by a valuation freefall, payments companies brace for M&A
Battered by a near 50 per cent plunge in its shares over the last 12 months, Nexi (NEXII.MI), Europe’s biggest payments processor, has not gone unnoticed.
Earlier this year, the ...
US tightens export controls on advanced chip, gas turbine engine tech
The United States on Friday adopted new export controls on technologies that support the production of advanced semiconductors and gas turbine engines that it said are critical to its national ...
Brazil’s central bank chief predicts end of credit cards
Brazil’s central bank chief Roberto Campos Neto on Friday said he believes credit cards will cease to exist soon due to the growth of the open finance system, through ...
Rakesh Jhunjhunwala, ‘India’s Warren Buffet’, dies at 62
Stock investor Rakesh Jhunjhunwala, dubbed India’s Warren Buffett with an estimated net worth of $6 billion, died early on Sunday at age 62, his family said.
A chartered accountant by profession ...
Game development platform strikes cloud service partnership
Unity Technologies, a video game software development company based in San Francisco, this week announced that it has agreed to enter a partnership with cloud services giant Microsoft Azure.
The ...