Micro News

Micro News

China will lead the Fintech sector

PWC has conducted a worldwide research on fintech (financial technology) and came to the conclusion that China will be a dominating force in the fintech area, which includes data analysis, artificial intelligence, blockchain, etc., during next 5 years. Areas of application for new fintech proposals are…


A Soviet built aircraft carrier purchased from a debt stringent Ukraine in 2012 will be joining forces as a first Chinese homemade aircraft carrier in 2020 after being refurbished and re-equipped with Chinese made equipment and weaponry. China is building up a military force to outbalance USA military…


AC Milan bought by Chinese investors

The famous Italian football club AC Milan has reportedly changed hands from the former Italian Prime minister Silvio Berlusconi to a Chinese investment fund for 740m euros. Chinese investors will control 99.9% of share of the club.


Starting from 2018, the Malay government has decided to withdraw its participation in the Formula 1 Grand Prix. The government of Malaysia is stating that hosting Formula 1 races brings the country more troubles than benefits. Going forward, Singapore will remain as the only country in South East Asia…


Coin Centre, an advocacy group applied to list the digital currency Bitcoin on a new exchange platform prototype similar to the traditional stock market; however the Securities & Exchange Commission have denied the request.The advocacy group wish to develop well-capitalised and regulated markets within…


A start-up schemeaimed at attracting foreign investment to Cyprus from non-EU countries was approved by the cabinet. Vice President Constantinos Petrides said the scheme is aimed at investors who wish to found an innovative business in Cyprus.  The plan is to allow Entrepreneurs to set up their headquarters…


The Cyprus Security and Exchange Commission aims to further boost the Cypriot capital market and its general supervision of the sector. Cysec has seen companies under its supervision rise almost double from 315 in 2011 to 610 in 2016. Cysec’s vision is to solidify the Cypriot capital market as one of…


Following protests, Bank of Cyprus has suspended an eviction order of a woman in Limassol, who owed debts totalling €80,000. The Bank of Cyprus was planning to sell the property (worth €300,000) in order to recover these debts. The movement against foreclosures stated that the move is unacceptable,…



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