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Prodromou: Cyprus Satisfied with UNSG's Report on his Good Offices Mission

Angelides: Cyprus and Egypt Willing to Upgrade their Defence Cooperation

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ECONOMY

Barclays Expects $1.3 Billion Write-Down from U.S. Tax Reform

Barclays Expects $1.3 Billion Write-Down from U.S. Tax Reform

Barclays expects to take a write-down of about 1 billion pounds ($1.34 billion) on its annual post-tax profit as a result of the U.S. tax overhaul, the bank said in a statement today Wednesday 27 December.

The British lender will also see its common equity Tier 1 capital ratio, a key measure of its financial strength, fall by about 20 basis points as a result of U.S. President Donald Trump’s tax reform, it said. The impact of the tax legislation will be accounted for in its results for the year to the end of December 2017, Reuters reports.

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Government Labour Force Increases by 1.6%

In September 2018 the government labour force increased by 785 persons (1.6%) compared to ...

FROM AROUND GOLDNEWS

   

Current Developments in the Funds Industry

All around the world, the funds industry is constantly growing and is currently one of the hubs the local industry is promoting. Regulatory developments in the ...
   

Annual inflation Up to 2.1% in the Euro Area

The Euro area annual inflation rate was 2.1% in September 2018, up from 2.0% in August. A year earlier, the rate was 1.5%. European Union annual inflation was ...
   

Audi Fined £700m Over Diesel Emissions Scandal

Audi has been fined €800m (£700m) to settle an investigation by German prosecutors into breaches of diesel emissions rules. The premium car ...
   

Netflix Hits New Subscriber Record

Netflix added seven million new customers in the three months to September, bringing its global total to more than 137 million. The stronger than expected ...
   

Arrivals and Departures of Travellers Increase in August

Arrivals of travellers in August 2018 reached 733.078 compared to 702.535 in August 2017, recording an increase of 4.3%, the Statistical Service of Cyprus ...
   

Angelides: Cyprus and Egypt Willing to Upgrade their Defence Cooperation

Defence Ministers of Cyprus and Egypt, Savvas Angelides and Mohamed Zak, have expressed the two countries` will to upgrade their defence cooperation, that is ...
   

Prodromou: Cyprus Satisfied with UNSG's Report on his Good Offices Mission

The Republic of Cyprus has expressed its satisfaction with the UN Secretary General`s report on his good offices mission, that was released on Monday 16 ...
   

Building a United Front on Financial Crimes

Financial institutions are concerned about cybercrimes, but don’t know how best to prevent them. In PwC’s 2018 Global State of Information Security ...
 

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