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EU Environmental Tax Revenue Climbs, But Declines in Fiscal Share Continue
Environmental tax revenue in the European Union reached €341.5 billion in 2023, according to data released Wednesday by Eurostat, marking...
Jul 25, 20252 min read


JPMorgan Eyes Crypto-Backed Loans Despite Dimon’s Skepticism
JPMorgan Chase (JPM.N) is reportedly considering launching a lending service backed by clients’ cryptocurrency holdings, including...
Jul 23, 20252 min read


Cyprus Central Bank Reports €28.35 Billion in Total Assets and Liabilities as of June 2025
The Central Bank of Cyprus (CBC) reported total assets of €28.35 billion as of June 30, 2025, according to the latest financial statement...
Jul 23, 20252 min read


Zuckerberg Commits Hundreds of Billions to AI Data Centers in Bold Superintelligence Bid
In a sweeping declaration of Meta Platforms’ ambitions in artificial intelligence, CEO Mark Zuckerberg announced plans to invest hundreds...
Jul 22, 20253 min read


Cypriot Banking Sector Sees Profitability Dip Despite Asset Growth and Stronger Capital Adequacy
The Cypriot banking sector experienced a drop in profitability during the first quarter of 2025, even as total assets expanded and...
Jul 18, 20252 min read


Trump’s Expansive Tariff Policy Sparks Global Trade Tensions, With More Measures Looming
U.S. President Donald Trump has escalated his administration’s combative trade stance, implementing a sweeping set of tariffs on both...
Jul 18, 20253 min read


UBS Flags Greece Among Europe’s Most Exposed Economies to Trump’s Proposed US Tariffs
In its latest report released on July 15, Swiss multinational financial services firm UBS has placed Greece among the European economies...
Jul 17, 20253 min read


Bitcoin Hits Record $123,153 Amid Regulatory Buzz and Trump Endorsement
Bitcoin surged to an all-time high on Monday, momentarily reaching $123,153 as anticipation built around upcoming U.S. policy shifts that...
Jul 16, 20252 min read


OPEC Sees Robust Oil Demand in Q3 Amid Supply Ramp-Up and Tight Market Outlook
OPEC, together with its allies in the OPEC+ alliance, is ramping up oil production in anticipation of what it expects to be “very strong”...
Jul 15, 20252 min read


France Introduces Overhaul of Tax Rules for Management Packages and Founder Share Warrants in 2025 Finance Act
France’s Finance Act for 2025 introduces significant changes to the taxation and social security treatment of management packages and...
Jul 14, 20254 min read


Cyprus’ Tertiary Sector Sees Broad-Based Expansion in 2023, Driven by Gains Across Services
Cyprus’ tertiary sector delivered a strong performance throughout 2023, with every branch of economic activity registering increases in...
Jul 9, 20252 min read


Cyprus Property Market Sees Continued Growth in Early 2025, Despite Nicosia Dip
Cyprus’ housing market sustained its upward momentum into the first quarter of 2025, with the general house price index—covering both...
Jul 4, 20253 min read


Cyprus Establishes National Oversight Mechanism for Foreign Investments Amid Security Concerns
The Cypriot government has taken a decisive step in tightening control over foreign direct investments (FDI) with the formal approval of...
Jul 3, 20252 min read


Euronext Makes Offer for Athens Stock Exchange, Reflecting Confidence in Greek Market Revival
Euronext, Europe’s largest stock exchange operator, has formally submitted a takeover proposal to the Athex Group, aiming to acquire up...
Jul 3, 20252 min read


Cyprus Sees Dip in Economic Sentiment Amid Rising Uncertainty in June
The economic climate in Cyprus took a downturn in June 2025, as the Economic Sentiment Indicator (ESI) recorded a slight decline, falling...
Jul 1, 20252 min read


Central Banks Shift Away from Dollar as Gold, Euro, and Yuan Gain Appeal Amid Geopolitical Upheaval
The custodians of trillions of dollars in global central bank reserves are signaling a significant pivot away from the US dollar, turning...
Jul 1, 20254 min read


Hedge Fund Leverage Climbs to Five-Year High Amid Market Turbulence, Goldman Sachs Reports
Hedge fund leverage surged to its highest level in five years last week, according to data from Goldman Sachs (GS.N), with investors...
Jun 24, 20252 min read


Cyprus Among EU’s Lowest for Renewable Energy Share in Early 2025, Eurostat Reports
Cyprus continues to lag behind most of its European Union counterparts in renewable energy production, placing fourth lowest among all...
Jun 23, 20252 min read


CSE Lists €25 Million in New 13-Week Government Treasury Bills Following June Auction
The Cyprus Stock Exchange (CSE) on Tuesday announced the listing of a new series of government treasury bills with a total nominal value...
Jun 19, 20251 min read


Wall Street Dips as Middle East Conflict Deepens and G7 Talks Falter; Investors Brace for Central Bank Decisions
Wall Street opened slightly lower on Tuesday as geopolitical tensions in the Middle East intensified and G7 discussions failed to produce...
Jun 18, 20254 min read
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