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Cypriot Banking System's Liquidity and Capitalisation Exceed EU Average, says EBA President
The President of the European Banking Authority (EBA), Jose Manuel Campa, commended the liquidity and capitalisation of the Cypriot...
Jul 5, 20231 min read


UK Recognizes Cryptocurrencies Under Financial Services Act 2023
In a significant move, the United Kingdom has officially recognized cryptocurrencies as a regulated financial sector under the newly...
Jul 5, 20232 min read


European Asset Managers More Optimistic about AUM Growth Compared to Global Peers, Survey Finds
According to a survey conducted by Northern Trust and Coalition Greenwich, European asset managers are displaying higher levels of...
Jul 4, 20232 min read


Bank of Greece Projects Acceleration of Economic Recovery and Inflation Easing
The Bank of Greece (BoG) foresees a faster pace of recovery for Greece beyond 2023, with projected growth rates of 2.2% in 2023, 3% in...
Jul 4, 20233 min read


Apple Forced to Scale Back Production Targets for Vision Pro Headset Due to Manufacturing Challenges
Apple, known for its groundbreaking products, has encountered significant hurdles in the production of its highly anticipated...
Jul 4, 20232 min read


Europol Chief Warns of Undermined Rule of Law in Europe Due to Surge in Drug-Related Crime
Catherine De Bolle, the head of Europol, the EU's law enforcement agency, has cautioned that the rule of law in European democracies is...
Jul 3, 20233 min read


Cyprus Ranks Last among EU Countries in Sustainable Development Goals, Urgent Action Needed
Cyprus faces a dire situation as the UN Sustainable Development Solutions Network (SDSN) released its 2023 edition of the "Sustainable...
Jul 3, 20232 min read


China's Stock Market Faces Challenges as Bulls Lower Expectations
China's stock market is grappling with uncertainties as bullish investors reassess their expectations for a potential rally in stock...
Jun 30, 20233 min read


Safeguarding Client Money and Assets: Ensuring Trust, and Stability in the Financial Sector
The collapse of Lehman Brothers in 2008 sent shockwaves through the global economy, triggering a financial crisis of unprecedented...
Jun 30, 20233 min read


ECB Supervisory Board Member Warns Europe's New AML Authority Needs Adequate Resources to Succeed
Elizabeth McCaul, a member of the European Central Bank's (ECB) Supervisory Board, has warned that Europe's new Anti-Money Laundering...
Jun 30, 20233 min read


Financial Lobby Group Urges China to Allow Cross-Border Data Sharing Amid Data Control Measures
Leading financial lobby group, Asia Securities Industry & Financial Markets Association (ASIFMA), has called on China to permit...
Jun 29, 20232 min read


US Banks Pass Stress Tests, Demonstrating Resilience in Hypothetical Economic Doomsday Scenario
US banks have successfully passed the annual stress tests conducted by the Federal Reserve, demonstrating their ability to withstand...
Jun 29, 20233 min read


Federal Insurance Office (FIO) Issues Report on Climate Risk Supervision Among State Insurers
The Treasury Department's Federal Insurance Office (FIO) has released a report highlighting gaps in how states supervise and assess...
Jun 28, 20232 min read


Bitcoin Surges as BlackRock's Spot ETF Plans Boost Investor Optimism
Bitcoin, the rebellious cryptocurrency aimed at disrupting the traditional financial system, has experienced a resurgence following the...
Jun 28, 20233 min read


Google Cloud Launches Advanced AI-Powered Anti-Money Laundering Solution for Financial Institutions
Google Cloud has unveiled a groundbreaking anti-money laundering (AML) product designed for financial institutions, harnessing the power...
Jun 28, 20232 min read


Russian Warlord Prigozhin's Troops Withdraw, Raising Regime Stability Concerns
In a significant development marking the biggest crisis of Vladimir Putin's presidency, Russian warlord Yevgeny Prigozhin and his troops...
Jun 27, 20233 min read


EU Commission Proposes Corporate Levy and Increased ETS-Based Contributions
The European Commission has presented a proposal to introduce a temporary tax of 0.5% on surplus corporate profits as part of its efforts...
Jun 27, 20232 min read


Australian Government Misses Deadline for Public CbCR as OECD Faces Lobbying Allegations
The Australian government's plan to introduce mandatory public country-by-country reporting (CbCR) has hit a setback as it failed to meet...
Jun 26, 20232 min read


Learning from Uber's 'Don't Call Me Karen' DEI Fiasco: A Lesson in Humility
In May, ride-hailing company Uber found itself at the center of controversy after a panel discussion titled "Don't Call Me Karen" (DCMK)....
Jun 26, 20232 min read


Hong Kong Developers Offer Low-Priced Homes Amidst Interest Rate Concerns
Developers in Hong Kong are releasing homes at price levels not seen in the past five years, offering an array of incentives to attract...
Jun 23, 20232 min read
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