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Li Auto Joins Tesla in China's EV Price War Amidst Market Pressure
Li Auto, a major competitor of Tesla in mainland China, has announced a significant price reduction on all its vehicles, following...
Apr 24, 20242 min read


U.S. Mulls Sanctions on Chinese Banks: Navigating the Complex Dynamics of Global Trade and Military Support
Amid escalating tensions between the United States and China, reports indicate that the U.S. is in the process of formulating sanctions...
Apr 23, 20243 min read


European ETF Market Hits Record High in Q1 2024 Despite Shifts in Investor Preferences
In the first quarter of 2024, the European Exchange-Traded Funds (ETFs) market showcased resilience, reaching a record high in assets...
Apr 18, 20242 min read


South Africa's FSCA Grants Approval to 59 Cryptocurrency Platforms Amid Regulatory Evolution
South Africa's Financial Sector Conduct Authority (FSCA) has taken a significant step in the regulation of cryptocurrency platforms,...
Apr 16, 20242 min read


In 2023, Cyprus witnessed a remarkable surge in the profitability of its banking sector, with profits soaring by an impressive 644 percent to reach €1.27 billion
This substantial increase, as revealed by data from the Central Bank of Cyprus (CBC), was attributed to the prevailing high-interest...
Apr 11, 20241 min read


Impressive Growth in Cyprus's Services Sector for 2023, Tourism Rebounds, and Innovations Flourish
The Employers and Industrialists Federation (Oev) has lauded the impressive performance of the services sector in 2023, citing...
Apr 10, 20242 min read


MicroStrategy Poised for Bitcoin Halving Surge: Analysts Forecast Price Target Increase and Expansion of Bitcoin Holdings
In anticipation of the upcoming Bitcoin (BTC) halving slated for around April 20, brokerage firm Benchmark has highlighted MicroStrategy...
Apr 8, 20242 min read


Gold reached a historic milestone today, surpassing $2,300 for the first time ever.
Powell's speech underscored that despite concerns over inflation, the broader economic policy remains steady, signaling potential...
Apr 5, 20242 min read


Retail pharmacy giant Walgreens Boots Alliance owes $2.7 billion in unpaid taxes
The US Internal Revenue Service (IRS) is pressing retail pharmacy giant Walgreens Boots Alliance for $2.7 billion in unpaid taxes, citing...
Apr 4, 20242 min read


Global Fund Managers Show Increased Optimism in Chinese Stocks Amid Regulatory Reforms and Market Dynamics
Global fund managers are displaying a newfound optimism towards Chinese stocks following a flurry of proactive measures by the securities...
Apr 3, 20242 min read


ETFs Lead in Investor Inflows Over Mutual Funds: Bond Products Shine in February
ETFs have outpaced mutual funds in attracting investor funds during the first two months of the year, with estimates showing ETF...
Mar 28, 20241 min read


Cyprus Sees Decline in Business Loan Demand, Housing Loans Stable: Central Bank Report
In the final quarter of 2023, Cyprus witnessed a decline in the net demand for new business loans, continuing a downward trend observed...
Mar 28, 20242 min read


European Commission Report: Cyprus's Economic Outlook, Opportunities, and Risks
The European Commission has recently unveiled a comprehensive report detailing the economic outlook for Cyprus, painting a largely...
Mar 27, 20242 min read


Cyprus Stock Exchange Introduces €25 Million Government Bonds Series 2024
The Cyprus Stock Exchange (CSE) has unveiled a significant development in the financial realm with the introduction of 25,000 new...
Mar 22, 20241 min read


Bitcoin Surges as Fed Chair Powell Maintains Dovish Stance on Rates
Crypto markets experienced a significant rebound on Wednesday, with Bitcoin (BTC) surging towards $67,000 following remarks from U.S....
Mar 21, 20242 min read


Warning Issued by ForrestBrown: UK R&D Tax Relief Changes Pose Challenges for Accountants
ForrestBrown, a consultancy specializing in tax credits, has cautioned about the forthcoming alterations to the UK's research and...
Mar 20, 20242 min read


Assessing Cyprus' Economic Landscape: Insights from the 16th Evaluation
The upcoming 16th evaluation of Cyprus' post-memorandum economic situation is poised to commence next Tuesday, extending through to...
Mar 19, 20242 min read


UAE Implements Corporate Tax: A New Era in Taxation
In a paradigm-shifting move, the United Arab Emirates (UAE) has transitioned from its long-standing status as a zero-tax jurisdiction to...
Mar 15, 20242 min read


JPMorgan's Enduring Commitment: Navigating Business Cycles and Investing in Hong Kong's Financial Future
JPMorgan's unwavering commitment to Hong Kong reflects its long-term confidence in the city's resilience and potential as a global...
Mar 15, 20242 min read


DNB Fines Crypto.com €2.85 Million for Unregistered Operations in the Netherlands
The Dutch central bank announced on Wednesday that it has imposed a fine of €2.85 million ($3.11 million) on Crypto.com, a virtual assets...
Mar 14, 20241 min read
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