Credit Suisse CSGN.S on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor confidence…
Wall Street down as Credit Suisse sparks fresh bank selloff
U.S. stocks pared losses late on Wednesday but the Dow and S&P 500 still closed lower, as problems at Credit…
KEDIPES to offer interest subsidy for restructured credit facilities
KEDIPES on Tuesday announced it is moving forward with an interest subsidy for restructured credit facilities of customers that have…
UK abolishes tax threshold on pension allowance to encourage people to work longer
British finance minister Jeremy Hunt on Wednesday said he would abolish the tax thresholds high earners face when they invest…
UK overhauls childcare, pensions and welfare to get people working more
British finance minister Jeremy Hunt on Wednesday expanded access to childcare and announced an overhaul of the welfare system under…
Cyprus recorded highest increase in consumer prices index in E.U.
Cyprus observed a 19.4% increase in the harmonised index of consumer prices (HICP) in 2022 – the highest increase among…
Flights to and from Cyprus to be affected by Greek general strike
Around 3,000 passengers travelling to and from Cyprus will be affected by a general strike in Greece over the deadly…
New €6 million LIDL supermarket in Ayios Dometios in the works
The Department of Environment greenlighted the construction of a LIDL supermarket in Ayios Dometios, Nicosia. The project worth 6 million…
Cyprus-based video game startup wins trademark battle against Apple
Video game developer Apella Games has won a trademark battle against tech giant Apple, which tried to block the startup…
Opinion: Copper prices soar, as shortages predicted to last until 2030
By Mark Rachovides* Copper prices have soared over the past few months due to a supply crunch, with analysts suggesting…