Micro News

Micro News

The EU extracted and analysed food samples from Cyprus as part of an EU wide study targeting food quality has unveiled that Cyprus has one of the highest rates of pesticide residue levels in food. At the top of list is Malta. Following this, the report highlight that out of the 673 samples taken from…


The task force supervising Cyprus’s Golden Visa scheme recently revealed that the registry of service providers, involves 255 entities and individuals. The registry is said to include 133 lawyers, law firms, advocates & legal services providers, 20 administrative service providers, 19 accounting, auditing…


Deutsche bank has begun clearing a substantial part of new euro-denominated derivatives trades in Frankfurt instead of London according to sources. This is as a key Brexit battleground in financial services intensifies. The change by the largest bank in Germany will help efforts to appeal to a large…


Google recently announced that it plans to build a 3rd data centre in Singapore as more businesses and consumers are coming online and an increasing number of these are demanding cloud services. The internet giant stated that it is beginning work on the 3rd facility situated in Jurong West, not far…


In addition, leisure travel bookings for July & August in Europe have maximized more than 4% from the exact same period of 2017 after an even stronger June, which paralleled a Chinese holiday. Donald Trump’s viewpoint on trade relations with Beijing and illegal immigration , including his travelling…


China Plans to Censor Google

Google is said to be developing a version of its search engine which will conform to the censorship laws in China, according to sources. The company shut down the search engine back in 2010, with complaints that free speech was being limited.  According to other sources, Google is said to be working…


Apple inc. has to date, paid 2 thirds of the EUR €13 billion (USD $15.1 billion) which EU antitrust regulators said it owes Ireland in back taxes.  Back in August 2016, the European Commission ordered Ireland to recover the money from Apple due to an illegal tax deal which provided the company with…


The Russian authorities will be requesting from Cyprus financial data in relation to investigations into the Russian billionaire businessman, Ziyavudin Magomedov (seen far left), who is currently facing charges of embezzling Russian state funds. According to sources, the authorities would be requesting…


WhatsApp has recently stated that it is expanding the ways that businesses can connect with others on the popular messaging app. However, businesses will have to pay to send certain messages, which marks the free app’s very first substantial move to make revenue. Companies will be able to do things…


Falling net interest income has pushed banks to increase charges and readjust their interest rates on loans and deposits, as rates in the euro area remain at historic low levels. Along with this, Bank of Cyprus recently introduced new charges which came into effect aiming at encouraging the utilising…



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