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Money

Despite rise of cards during COVID, cash is still king in Switzerland

Cards are becoming more widely used in the face of COVID. But the Swiss are not ready to give up cash just yet.

Tech News

Third of major investment firms brand cryptocurrency 'rat poison'

Billionaire investor Warren Buffett once said crypto was "rat poison squared". A third of major investment firms agree.

Money

What are cryptocurrencies and how do you use them?

We're seeing a lot of growth in the use of cryptocurrencies. What are they and how do they work?

World News

G7 finance ministers come to agreement on global corporate tax rate

G7 finance ministers said they came to an agreement on global tax reform, committing to a corporate tax rate of "at least 15%".

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United Kingdom

EU heavyweights press for G7 deal to stop tax abuse by multinationals

Finance ministers from France, Germany, Italy and Spain say the time has come to reach a deal on an "international tax system fit for the 21st century".

Money

Hungary is set to cut taxes on cryptocurrencies by half from 2022

Hungary is cutting tax on cryptocurrency earnings by half as interest in the crypto market drives it to all-time highs.

Tech News

Second-biggest cryptocurrency Ethereum soars above record $4,000 mark

In a week where other altcoins, including Dogecoin, took a hit, Ethereum's value has soared to record highs.

Money

What is the difference between digital currency and cryptocurrency?

From the Bahamas to Britain, the world's biggest banks are issuing digital currencies to fend off the threat of cryptocurrencies. But how are they different?

Tech News

Turkish lira nears record low after US recognises Armenian genocide

Turkey's lira slid on Monday to near record lows as relations with the US cooled and the new central bank chief warned against the prospect of raising rates.

Italy

Hospital employee paid €538,000 - despite never turning up for work

Police said the suspect allegedly had someone threaten a hospital superior in 2005 to keep him on the payroll.

Tech News

Bitcoin hits fresh record ahead of Coinbase's stock market debut

Does the stock market listing of Coinbase mean cryptocurrencies are becoming part of the financial establishment?

Tech News

What are NFTs and why are they suddenly so popular?

Non-fungible tokens (NFTs) are the latest cryptocurrency phenomenon to go mainstream. What are they and why are they becoming so popular with artists?

Money

Cryptocurrency key terms: A guide to making sense of digital money

What's the difference between altcoins and stablecoins? What's hashing and mining? Sometimes the jargon around cryptocurrencies can make your head spin. Here's how to make sense of it all.

Green News

UK announces £40bn of green investment from new ‘infrastructure bank’

Environmental campaigners are critical of whether this will be a “real commitment to green growth”.

Germany

Merkel calls for 'fundamental rethink' at CDP Europe Awards 2021

German Chancellor Angela Merkel has called for 'fundamental rethink' to protect the environment at the annual CDP Europe Awards 2021.

Partner content

Climate data: the new key for finance decision making

Partner content presented by Copernicus

In a changing climate, the financial sector will more than ever need precise data, predictions and projections to assess investment risks and identify opportunities. Having reliable information at hand will help to accelerate the switch to a climate-resilient global economy.

United Kingdom

Future of UK finance: City of London faces uncertainty under EU-UK trade deal

Future of UK finance: City of London faces uncertainty under EU-UK trade deal

Poland

Krakow funds LGBT shelter despite Polish government hostility

Krakow has become the first city in Poland to finance an LGBT support shelter.

Europe News

EU fines pharmaceutical firms €60m over alleged pay-for-delay deal

"Teva’s and Cephalon’s pay-for-delay agreement harmed patients and national health systems, depriving them of more affordable medicines," said EU competition commissioner, Margrethe Vestager.

World

How will Brexit impact London as Europe’s leading financial hub?

Firms have transferred €1.3 trillion in assets and 7,500 jobs to the European Union since Brexit, according to Ernst & Young.