Micro News

HSBC used to have presence in 150 countries. Now this number has been reduced to 50. The Bank is going to remain in London, New York, Singapore, Hong Kong and Geneva. What explains HSBC’s closing in other countries is the ongoing fight against tax evasion that boils down to innumerable scandals and penalties…


ECB is taking unprecedented decisions to maintain the EU economic stimulus. The refinancing rate remained at zero, and asset purchases currently stand at 80 billion euros a month. Nevertheless, the general EU forecasts are unpromising. Brexit makes the economic outlook worse, since the UK economy is…


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…



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