Tag: European Central Bank

Christine Lagarde resigns as ECB president, effective February 2027

International
Christine Lagarde will step down as president of the European Central Bank (ECB) on 7 February 2027, around nine months before the end of...

Cashless businesses on the rise in Cyprus as cash use declines

Cyprus
Cashless businesses in Cyprus are becoming more visible as the shift towards electronic payments accelerates. Some businesses in Nicosia have stopped accepting cash, citing...

ECB raises interest rates to 2.5%

Economy
The European Central Bank has raised its interest rates as the conflict in the Middle East continues to fuel inflationary pressures, with inflation expected...

Legislation for digital euro nears completion – Set to launch in 2029

Economy
The digital euro launch planned for 2029 will mark a major step in Europe’s move towards digital payments, with the European Central Bank (ECB)...

New co-operative bank launches €42m public share offer

Cyprus
The Cyprus Co-operative movement has launched a €42 million public share offer to raise capital for the creation of a new Co-op bank. The public...
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Egypt, Bahrain and UAE back Greece in Turkey-Libya dispute

International
The Turkey-Libya maritime deal has come under renewed criticism...

Weather forecast: Showers possible, highs of 25°C

Cyprus
Isolated showers are possible in Cyprus today, mainly in...

Binance hit by massive cyberattack causing $6.3 billion in losses

International
The Binance crypto hack has raised serious questions about...

Paphos: 80-year-old driver hits two female cyclists, one in serious condition

Cyprus
A 50-year-old woman is seriously injured after an 80-year-old...
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