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UBS and Credit Suisse Settle U.S. Tax Fraud Case for $511 Million, Exposing Major Compliance Failures
Credit Suisse and its parent company UBS have agreed to pay a combined $511 million to settle a major U.S. tax fraud case, the Department...
Flexi Group
May 73 min read
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Visa and Bridge Launch Stablecoin-Linked Cards Across Latin America
Visa is teaming up with stablecoin infrastructure provider Bridge to roll out a new product that will allow consumers to use stablecoins...
Flexi Group
May 62 min read
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TPB Pursues Five Ongoing PwC Probes Following Conviction of Unregistered Tax Preparer Jessa Dabalos
Despite the conviction of Perth-based tax preparer Jessa Dabalos, the Tax Practitioners’ Board (TPB) has confirmed that it is continuing...
Flexi Group
Apr 302 min read
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Bitcoin Edges Toward $96K Amid Market Calm Despite Ongoing Tariff Concerns
The cryptocurrency market saw another relatively quiet session on Tuesday, maintaining momentum even as concerns over the Trump...
Flexi Group
Apr 302 min read
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Deputy Ministry of Tourism Reiterates Registration Requirement for Short-Term Rentals
With the tourist season now underway, the Deputy Ministry of Tourism has issued a renewed warning to property owners offering short-term...
Flexi Group
Apr 292 min read
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Elon Musk and Treasury Secretary Scott Bessent Clash in Heated White House Shouting Match
Elon Musk and Treasury Secretary Scott Bessent were involved in a fierce shouting match at the White House last week, an altercation...
Flexi Group
Apr 283 min read
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Nuclear Energy Remains Central to EU's Climate and Energy Strategy, Expert Says
Nuclear energy continues to hold a critical place in the European Union’s energy portfolio, accounting for about 22.8 per cent of total...
Flexi Group
Apr 283 min read
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Kuwait’s Wealth Fund Launches Legal Battle Over London Skyscraper's Impact on Light
The Kuwait Investment Authority (KIA), the country’s sovereign wealth fund, has taken legal action in the High Court against the...
Flexi Group
Apr 252 min read
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EU Council Adopts DAC9 Directive to Simplify Pillar Two Tax Reporting
The Council of the European Union has officially adopted the DAC9 directive as of April 14, marking a significant step in aligning pillar...
Flexi Group
Apr 162 min read
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Cyprus Manufacturing Sector Proves Resilient Amid Global Challenges, Says Oev
Despite ongoing structural hurdles, Cyprus’ manufacturing sector has once again shown its ability to weather international instability,...
Flexi Group
Apr 143 min read
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Saudi Arabia Faces Tough Fiscal Choices as Oil Price Slump Strains Vision 2030 Plans
Saudi Arabia, whose economic foundation remains tightly bound to oil revenues, is under growing pressure to either ramp up debt issuance...
Flexi Group
Apr 114 min read
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Dubai Compliance Salaries Surge to Double London Levels Amid Financial Sector Boom
Compliance professionals in Dubai are earning up to twice as much as their counterparts in London, with total take-home pay potentially...
Flexi Group
Apr 92 min read
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New Loan Volume in Cyprus Drops by 22.8% in February, Interest Rates Show Mixed Trends
The volume of new loans issued in Cyprus experienced a sharp decline of 22.8% in February 2025, reaching €246.1 million, down from €318.7...
Flexi Group
Apr 42 min read
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India Achieves Record 174 Advanced Pricing Agreements in 2024/25 Financial Year
India’s Central Board of Direct Taxes (CBDT) has announced that it entered into an unprecedented 174 advanced pricing agreements (APAs)...
Flexi Group
Apr 32 min read
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Russia’s Central Bank Warns of Potential Oil Price Collapse Amid U.S. and OPEC Risks
Russia’s central bank has warned the Kremlin that the United States and OPEC have the capacity to flood the oil market, potentially...
Flexi Group
Mar 263 min read
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Hellenic Bank’s Merger with Eurobank Enters Final Phase as Cyprus Banking and Insurance Sectors Consolidate
Hellenic Bank is making significant strides in a dual integration process that will see both its banking and insurance operations undergo...
Flexi Group
Mar 214 min read
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Cyprus Inflation Rises by 2.3% in February, Driven by Leisure and Hotels
Cyprus experienced a 2.3% year-on-year increase in its Harmonised Consumer Price Index (HCPI) in February 2025, according to data...
Flexi Group
Mar 201 min read
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Binance Secures $2B Investment from Abu Dhabi's MGX in First Institutional Deal
Binance, the world's largest cryptocurrency exchange by trading volume, announced on Wednesday that Abu Dhabi-based investment firm MGX...
Flexi Group
Mar 142 min read
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Cypriot Businesses Can Apply for €1 Million in RIF Funding for Innovation and Product Development
The Research and Innovation Foundation (RIF) announced on Wednesday that the application process is now open for two major funding...
Flexi Group
Mar 132 min read
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CySEC Conducts 850 Audits and Imposes €2.76 Million in Fines in 2024
The Cyprus Securities and Exchange Commission (CySEC) presented its key regulatory activities and market oversight initiatives during a...
Flexi Group
Mar 123 min read
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