The Federal Deposit Insurance Corporation (FDIC) took control of Signature, which had $110.36 billion in assets and $88.59 in deposits…
UK races to minimise damage from Silicon Valley Bank collapse
British finance minister Jeremy Hunt said on Sunday he was working with Prime Minister Rishi Sunak and Bank of England…
Cyprus and Saudi Arabia to step up promotion of investments between the two countries
Cyprus and Saudi Arabia have signed a Framework Cooperation Programme (FCP), making a new step in promoting investments between the…
France faces another day of nationwide protests against Macron’s pension plans
France faced a seventh day of demonstrations on Saturday against President Emmanuel Macron’s unpopular pension reform plans amid ongoing rolling…
Silicon Valley Bank is largest failure since 2008 crisis, billions stranded
Startup-focused lender SVB Financial Group SIVB.O became the largest bank to fail since the 2008 financial crisis on Friday, in…
Cypriot economy upgraded to BBB by Fitch rating agency
International rating agency Fitch upgraded Cyprus’ long-term credit rating by one notch to ‘BBB’ with a stable outlook. Fith cited…
Li Qiang becomes China’s premier, tasked with reviving economy
Li Qiang, the former Communist Party chief of Shanghai, took office on Saturday as China’s premier, the country’s No.2 post,…
Eight ferry trips from Larnaca to Piraeus in August-September
Eight ferry trips will run between August and September from the port of Larnaca to Piraeus, it was officially announced…
Russians, British and Israelis top list of foreign property buyers in Cyprus
Russian nationals were the largest group of foreign real estate buyers in Cyprus during the first two months of 2023,…
Spain’s government seeks pension reform, shifting cost to high earners
Spain’s Socialists and their junior coalition partners Unidas Podemos have struck a deal on changes to the pension system that…