LATEST BUSINESS NEWS HEADLINES
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How Lidl changed supermarket shopping
Lidl recently celebrated its 10th anniversary in Cyprus. Andrew Rosenbaum spoke to general manager Spyros Kondylis about how the German company started up and grew so rapidly here Why did Lidl decide to come to Cyprus 10 years ago? What was the rationalisation behind this decision? Tell us s.
cyprus-mail.com
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CySEC fines Commerzbank for market manipulation
The Securities and Exchange Commission (CySEC) has fined German Commerzbank €650,000 for market manipulation in connection with the now defunct Laiki Bank's (CPB) activities and role in the run up to the financial crisis and subsequent bail-in of the Cyprus banking sector in 2013. CySEC said on Fr.
cyprus-mail.com
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Javed Ghani given additional charge of FBR chief, replaces Nausheen Amjad
The government on Saturday assigned Muhammad Javed Ghani the additional charge of the chairperson of the Federal Board of Revenue (FBR), the fourth appointment made to the position since the ruling PTI took office.
He replaces Nausheen Amjad, who was appointed to head the tax body in April.
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Dawn.com
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European stocks are on the comeback trail
For some years now, institutional investors have been 'bla' about European stocks. Not bad, not great… …But no longer. And that means it's time to think about putting some money back into the stock exchanges – whether you prefer Frankfurt or London or even Milan is up to you. BlackRock,...
Th.
cyprus-mail.com
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Taking advantage of airdrops
One hears less about airdrops these days, because there are fewer Initial Coin Offerings (ICOs). The regulators have made it more difficult for ICOs to raise money, as they can too easily be classified as securities, and then become subject to strict marketing regulations. But there are still many p.
cyprus-mail.com
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TikTok's Parent Company Expected To Lose $6 Billion After App Banned In India
TikTok may be hit very hard from a recent ban by the Indian government, a new report suggests.
After India announced that the popular app was among close to 60 Chinese-based apps that were being banned in the country, a new report indicates that it could cost TikTok’s parent company as much.
inquisitr.com
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Moody's says Cyprus tourism, construction, services will recover by 2021
The major sectors of Cyprus business are expected to recover within two or three quarters, according to a credit rating report released by Moody’s this week. “Tourism-related construction activity will likely remain below pre-crisis levels over several quarters, while residential constr.
cyprus-mail.com
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PwC Cyprus wins EU study to rethink healthcare
A joint team from PwC Cyprus and PwC Luxembourg has won an important study commissioned by the Directorate‑General for Communications Networks, Content and Technology of the European Commission (DG Connect) regarding the development and adoption of Artificial Intelligence (AI) solutions in healthc.
cyprus-mail.com
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EU targets Cyprus for no-refund travel vouchers
Cyprus is among the nations targeted by EU for allowing travel companies to send vouchers, instead of cash refunds, to travelers who have booked with them. The European Commission announced on Thursday that it would launch an infringement procedure against ten EU member states that have not taken .
cyprus-mail.com
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Cyprus households are financially challenged – Study
About half of Cyprus households do not have sufficient savings to deal with an emergency or a shock, a recently-released study shows. This is above the EU average of 30 per cent. “Even well before the health pandemic, more than 30 per cent of EU households on average were unable...
The post C.
cyprus-mail.com
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How Moderna execs are cashing in on COVID-19 vaccine stock speculation
Biotech firm Moderna Inc could reap tens of billions of dollars in sales and stock appreciation if it wins the race for a COVID-19 vaccine. If it loses, the early-stage company's value could crash. In the meantime, the firm's chief executive is pocketing millions of dollars every month by selling....
cyprus-mail.com
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Pump or dump? With oil in decline, Africa ponders its energy future
As the COVID-19 pandemic bashes economies and demand for oil, many African nations dependent on exporting fossil fuels are “haemorrhaging” cash, African energy experts warned this week. The crisis – which comes as more investors shun carbon-heavy businesses – is a taste of w.
cyprus-mail.com
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Lithuania central bank issues digital coin
Lithuania is about to issue the first central bank-produced digital coin in the euro zone, part of a project to trial state-backed digital currencies and blockchain technology in everyday use. The sharp decline in the use of cash and the prospect of Facebook’s 2.5 billion users adopting its cu.
cyprus-mail.com
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Sir Richard Branson scrambles to save Virgin empire
Sir Richard Branson is scrambling to save his company Virgin’s empire. The Virgin Group operates in travel, telecoms, media, music, financial services, health and space exploration. Until the novel coronavirus crisis, it experience regular growth in nearly all of its businesses — space b.
cyprus-mail.com
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Amy Emmerich Steps Down as Refinery29 President and Chief Content Officer
Amy Emmerich stepped down as Refinery29’s president and chief content officer Thursday, becoming the second member of the site’s leadership team to do so amid accusations of a toxic workplace and lack of diversity in recent weeks.
The R29 Union released a statement on Twitter following .
TheWrap.com
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A Month After HBO Max Launched, Why Is It Still Not on Roku or Amazon?
HBO Max remains off of the two most-used streaming platforms in the country more than a month after its launch.
The impasse between WarnerMedia and Roku and Amazon Fire TV is indicative of the evolving fight between those who make the content and those who distribute it. Carriage disputes between .
TheWrap.com
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Twitter Jokes We'll Give You an Edit Button If Everyone Wears a Mask
For years, Twitter has heard the calls from users for it to add an edit button. On Thursday, the tech giant said it’ll grant the wish — but there’s a catch: “everyone” has to wear a mask to fight COVID-19.
Check out the tweet from, well, Twitter’ company account:.
TheWrap.com
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Walmart Is Turning Its Parking Lots Into Drive-In Movie Theaters This Summer
Walmart is making use of its parking lots to re-create a classic American tradition: the drive-in movie theater. Starting in August, 160 Walmart stores will covert part of their parking lots into theaters as a safer alternative during the coronavirus pandemic to the traditional movie theater, as CN.
inquisitr.com
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MSNBC's Scarborough: Historians Won't Have 'Any Questions' About Trump's Sinking Polls (Video)
MSNBC’s Joe Scarborough said Thursday that given President Donald Trump’s months-long insistence the coronavirus is going to disappear entirely, future historians won’t ever wonder why his polling was bad ahead of the November election.
“This has just been an ongoing theme. .
TheWrap.com
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Cyprus is "a great place for businesses to set up shop" — US Ambassador
The US Ambassador to Cyprus Judith G. Garber said on Thursday that the solid management of the novel coronavirus crisis in Cyprus by the government has brought it considerable recognition. "This has been good for Cyprus's reputation as a competent global partner, and as a very good base for regional.
cyprus-mail.com
