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Cypriot Banks Maintain Steady Loan Growth, Surpassing €3 Billion in 2023
Cypriot banks have demonstrated resilience in loan provision throughout 2023, exceeding €3 billion in total net new loans by November...
Jan 11, 20242 min read


Treasury Secretary Janet Yellen Celebrates Milestone as Over 100,000 Businesses Swiftly File Beneficial Ownership Data with FinCEN
United States Treasury Secretary Janet Yellen's visit to the Financial Crimes Enforcement Network (FinCEN) headquarters marked a...
Jan 10, 20242 min read


Suncity Scandal: Unveiling the $42 Billion Online Gambling Empire and Legal Battles Shaking Macau
Chinese gamblers from the mainland have reportedly invested a staggering $42 billion in online gambling sites operated by the former...
Jan 10, 20242 min read


Crypto Firms Hit With Record Fines: $5.8 Billion in Penalties Surpass Traditional Finance, Highlighting Regulatory Challenges
Crypto and digital payment enterprises collectively incurred fines totaling $5.8 billion last year, surpassing penalties imposed on...
Jan 10, 20242 min read


Fixed-Income ETFs Set Records in 2023, Continue Momentum with Strong December Inflows
Fixed-income ETFs continued their strong performance in December, attracting net inflows of $5.1 billion, according to Invesco. This...
Jan 9, 20242 min read


Danske Bank Faces Legal Challenge Over New Corporate Fees Amidst Compliance Struggles
Danske Bank has recently implemented an annual fee of €500, equivalent to NOK 5,000, specifically targeting its large corporate customers...
Jan 9, 20242 min read


Finance Minister Makis Keravnos has confirmed a 2.44% increase in the Cost of Living Allowance (CoLA)
In a recent announcement, Finance Minister Makis Keravnos has confirmed a 2.44% increase in the Cost of Living Allowance (CoLA) for...
Jan 8, 20242 min read


Urgent International Action Needed to Address Houthi Attacks Threatening Global Supply Chain, Says Cyprus Shipping Chamber
The Director General of the Cyprus Shipping Chamber, Thomas Kazakos, has issued a call for urgent international intervention to address...
Jan 5, 20242 min read


Navigating the Ethical Landscape of Facial Recognition: Striking a Balance for Human Rights Protection in the Age of Technology
In the ever-evolving landscape of technology, particularly in the realm of artificial intelligence (AI)-enabled facial recognition...
Jan 5, 20243 min read


FTC Takes Action Against Rite Aid for Misuse of Facial Recognition Technology
The Federal Trade Commission (FTC) recently filed a complaint against Rite Aid, accusing the pharmacy chain of using untested and...
Jan 5, 20243 min read


IRS Empowered to Consider Corporate Group Membership in Intragroup Loan Interest Rates, Legal Memorandum Suggests
The Internal Revenue Service (IRS) in the United States may now consider a company's membership within a corporate group when determining...
Jan 4, 20242 min read


Credit Rating Agencies Confirm Evaluation Dates for Cyprus Amid Positive Trajectory
International credit rating agencies have revealed the scheduled dates for announcing their assessments of Cyprus' economic outlook in...
Jan 4, 20242 min read


Worldwide Gaming Industry Flourishes: Robust Growth, Diverse Demographics, and Global Trends in 2024
Experiencing a surge in gaming revenues attributed to its vibrant and youthful population, the gaming industry in the United Arab...
Jan 4, 20242 min read


US Companies Turn to Convertible Bonds to Navigate Interest Costs Amid Subdued Fundraising Landscape
In a notable trend, US companies are increasingly turning to the convertible bonds market as a strategic move to manage interest costs in...
Jan 3, 20243 min read


Cyprus Banking Sector Thrives: Surge in Deposits and Shifting Loan Trends Revealed in Central Bank Report
Cyprus experienced a notable upswing in both deposits and loans within its banking sector during November 2023, as revealed by the latest...
Jan 3, 20242 min read


Finance Minister Makis Keravnos Charts Path to Economic Resilience and Growth in 2024
In an insightful article featured in Economy Today, Finance Minister Makis Keravnos takes stock of the departing year and outlines the...
Dec 29, 20232 min read


OEP Capital Advisors Settles SEC Charges, Agrees to $4 Million Penalty Over Material Nonpublic Information Lapses
New York-based registered investment adviser OEP Capital Advisors has reached a settlement with the Securities and Exchange Commission...
Dec 28, 20232 min read


Cyprus Aims to Strengthen Its Position as a Leading Maritime Hub in 2024
Cyprus is set to strengthen its position as a prominent international maritime center in the coming year, according to Deputy Minister of...
Dec 28, 20231 min read


Cyprus and the Global Landscape: A Deep Dive into Challenges, Opportunities, and Adaptive Strategies from 2023 to 2024
In the transformative and often tumultuous landscape that defined the year 2023, the global economic and sociopolitical spheres bore...
Dec 27, 20234 min read


Oil and Gas Industry's $250 Billion Consolidation Spree in 2023: Navigating Global Shifts and Strategic Pursuits
In 2023, the global oil and gas industry underwent a substantial $250 billion buying spree, strategically capitalizing on the high stock...
Dec 27, 20233 min read
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