Economy

Cyprus revises multinational minimum tax rules

Cyprus is preparing changes to its multinational minimum tax legislation less than two years after adopting the EU framework imposing a 15% minimum effective...

Trump imposes 15% polysilicon tariff to counter Chinese chips

Trump imposes 15% tariff on key chip material to counter China US President Donald Trump signed an executive order on Thursday that imposes a 15%...

Airports brace for peak traffic as busiest day approaches

More than 50,000 passengers are travelling through Cyprus airports every day in August, with traffic expected to reach its peak later this month despite...

Shipping through Hormuz declines amid Iran-Oman negotiations

Hormuz shipping traffic declined this week as markets monitored talks between Iran and Oman for signs of progress towards reopening the strategically important maritime...

How Cyprus banks are pricing in Middle East war risks

The war in the Middle East has moved beyond general warnings and into the adverse-scenario probabilities and expected credit losses calculated by Cyprus' three...