Micro News

A large fine has been imposed on the Bank of Cyprus by the Securities Commission following an audit investigation into the acquisition of a Russian Bank based in Cyprus in 2008. In 2015, the Bank was sold for US $ 7 million. The President of Cyprus who tested the Russian Bank, contends that the Bank…

In the third quarter of 2016 42.8 million new computers were sold. It is currently 5.7% lower than in the same period for the previous year. Computer manufacturers are facing falling demand from educational institutions and businesses in developing countries. While the number of computers per capita…

Fundamental problems of European banks

The IMF has already openly called for reforms in the European banking system. Major problems in the current banking system are the high percentage of NPLs (non-performing loans); low rates on existing loans; not giving the banks as much profit on loans as before; the sharp drop in the number of new business…

Never before have I flown to Hong Kong at night. Well, I was soon in for an unpleasant surprise after learning that the train going to the centre of Hong Kong (Hong Kong Central) stops at 12am. This left me with two options: taxi or bus. Taxi was not possible for me since I had to change currency, and…

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