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Alex Gerko Loses Legal Appeal Against HMRC Over Deferred Payment Plan Taxation
Alex Gerko, billionaire founder of British trading firm XTX Markets, has lost a legal appeal against HM Revenue and Customs (HMRC)...
Flexi Group
Jul 24, 20242 min read
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Federal Reserve Fines Green Dot $44 Million for Unfair and Deceptive Practices
The Federal Reserve Board of Governors has fined financial technology and bank holding company Green Dot $44 million for numerous unfair...
Flexi Group
Jul 23, 20242 min read
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EAC Advances Plans to Secure Large State Land Plots for PV Parks, Says Director George Petrou
The Electricity Authority of Cyprus (EAC) is progressing with efforts to secure extensive state land plots for the construction of...
Flexi Group
Jul 22, 20242 min read
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Canada’s 3% Digital Services Tax Faces Backlash Amid US Trade Tensions
Canada’s decision to impose a 3% digital services tax (DST) on large foreign technology companies has sparked criticism from local...
Flexi Group
Jul 19, 20244 min read
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Central Bank of Cyprus Reports Deceleration in House Price Index for Q1 2024
The Central Bank of Cyprus (CBC) has observed a deceleration in the House Price Index (HPI) for both houses and apartments in the first...
Flexi Group
Jul 17, 20242 min read
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Labour Party Pledges to Close the UK’s Tax Gap: Implications for Business
The Labour Party has made bold promises to address the UK’s ‘tax gap’, a subject that has garnered increasing public attention. Following...
Flexi Group
Jul 16, 20243 min read
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Hellenic Bank Signs Agreement to Acquire CNP Cyprus
Cypriot lender Hellenic Bank has signed an agreement to acquire insurance provider CNP Cyprus, according to an announcement made by the...
Flexi Group
Jul 12, 20242 min read
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Cyprus’ Assets Under Management Reach €9.1 Billion — €2.4 Billion Invested Locally
The Cyprus Securities and Exchange Commission (CySEC) released its quarterly bulletin on Wednesday, revealing that the number of...
Flexi Group
Jul 11, 20242 min read
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ANZ Chief Proposes Standardising AFC Processes to Boost Pacific Banking Viability
ANZ's chief Shayne Elliott has proposed that banks in the Pacific region could potentially standardise Anti-Financial Crime (AFC)...
Flexi Group
Jul 10, 20242 min read
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AXA Considering Merger Options for Axa Investment Managers, Including Talks with BNP Paribas Asset Management
French insurer AXA is exploring various options for Axa Investment Managers, including potential merger discussions with BNP Paribas...
Flexi Group
Jul 9, 20241 min read
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Revolut Achieves Record Profit, Seeks $40 Billion Valuation Amid Regulatory Scrutiny
Revolut, the British fintech giant, reported a landmark pretax profit of £438 million ($553.81 million) for the year 2023, marking a...
Flexi Group
Jul 8, 20242 min read
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Foxconn to Invest $551 Million in Two New Projects in Vietnam's Quang Ninh Province
Foxconn, the Taipei-based supplier for Apple, plans to invest approximately $551 million in two new ventures in Vietnam’s northern...
Flexi Group
Jul 5, 20241 min read
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Economic Council Calls for EU Funding and Proposes Updates to Cyprus' Long-Term Economic Strategy
The long-term strategy for the sustainable development of the Cypriot economy, known as Vision 2035, is set for an update, according to...
Flexi Group
Jul 3, 20243 min read
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UK Court of Appeal Adopts Realistic Approach to Withholding Tax Exemption in Recent Judgment
In a recent judgment, the UK Court of Appeal has demonstrated a realistic approach to withholding tax exemption issues, marking a...
Flexi Group
Jun 26, 20243 min read
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Cyprus Attracts €9.6 Billion in Oversubscribed 7-Year Bond Issuance
The Republic of Cyprus has successfully garnered offers totalling €9.6 billion from international markets for its newly issued 7-year...
Flexi Group
Jun 20, 20241 min read
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Central Bank of Cyprus Revises 2024 GDP Growth Forecast Amid Economic Optimism
This week, the Central Bank of Cyprus (CBC) adjusted its GDP growth forecast for 2024 to 3 percent, up from the 2.8 percent projected in...
Flexi Group
Jun 19, 20245 min read
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European ETFs Experience High Trading Volume in May, Data Shows
European-listed ETFs saw a surge in trading volume during May, with "buys" outpacing "sells" across all asset classes, particularly in...
Flexi Group
Jun 18, 20242 min read
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Federal Reserve Lowers Expectations for 2024 Interest Rate Cuts
Federal Reserve officials have revised their expectations for interest rate cuts this year, with Chairman Jerome Powell suggesting the...
Flexi Group
Jun 17, 20242 min read
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Biden and Trump Pledge to Extend Expiring Tax Breaks Amid Concerns Over Funding
Presumptive nominees President Joe Biden and former President Donald Trump have both committed to extending expiring tax breaks for most...
Flexi Group
Jun 14, 20242 min read
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HSBC and DBS Hong Kong Maintain Rates Amid Awaited Borrowing-Cost Relief
Hong Kong's largest note-issuing bank, HSBC, and DBS Hong Kong have opted to keep their key lending and deposit rates unchanged. This...
Flexi Group
Jun 13, 20242 min read
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