Archives
The Personal Data Commissioner in Cyprus slaps record fines for data violations
January 14th, 2020
The Office of the Commissioner for Personal Data Protection in Cyprus, an independent public authority responsible for monitoring the implementation of Regulation (EU) 2016/679 (GDPR) and other laws in Cyprus has slapped three related companies with €82,000 fines totalling ...
FCA becomes AML and CTF supervisor of UK cryptoasset activities
January 14th, 2020
The Financial Conduct Authority (FCA) in UK has issued an announcement to inform that the FCA is now the anti-money laundering and counter terrorist financing (AML/CTF) supervisor for businesses carrying out certain cryptoasset activities under the amended Money Laundering, ...
Emerging currencies: Latam currencies weaken
January 14th, 2020
Brazil’s real slid to a one-month low on Monday, leading a decline across major currencies in Latin America, while Sao Paulo-listed stocks ended a six-session losing streak amid a rally in global markets fueled by trade optimism. Extending losses ...
European stocks traded cautiously higher on Friday; These are the stocks on the move
January 10th, 2020
European stocks traded cautiously higher on Friday as world markets rally on the back of easing tensions in the Middle East. The pan-European Stoxx 600 had inched up 0.1% by the afternoon, with travel and leisure stocks surging 1.3% ...
European Central Bank is continuing digital currency research
January 9th, 2020
ECB Prez Christine Lagarde Says Central Bank Digital Currency Could Have Major Implications for the Financial Sector In her first public remarks of the new year, European Central Bank President Christine Lagarde affirms that the ECB is continuing to ...
UPDATE: Crude oil prices rise
January 8th, 2020
Oil prices have risen after two bases hosting US troops in Iraq were hit by ballistic missiles. Brent crude was up by 1.4% at $69.21 per barrel in the middle of the Asian trade, easing back from earlier gains. ...
Can you imagine how much the European households spent on transport?
January 8th, 2020
In 2018, households in the European Union (EU) spent 13.2% of their total consumption expenditure on transport. This represents a total expenditure of over €1.1 trillion, equivalent to 7.2% of the EU’s GDP or €2 220 per EU inhabitant. ...
Europeans should control their B-to-B data, says EU commissioner
January 8th, 2020
The United States and China are the world’s leaders in harvesting and exploiting personal data and the European Union must make sure the same thing does not happen when it comes to business-to-business data, the new EU commissioner for ...
U.S. dollar rises as concerns about geopolitical risks ease
January 8th, 2020
The U.S. dollar rose in late trading on Tuesday as investors’ concerns over tensions between the United States and Iran eased. The United States killed Major General Qassem Soleimani, commander of Iran’s Islamic Revolution Guards Corps Quds Force, in ...
European stocks traded lower on Friday; Oil prices spiked
January 3rd, 2020
European stocks traded lower on Friday as geopolitical tensions spiked after U.S. airstrikes in Iraq killed a top Iranian military commander. The pan-European Stoxx 600 slid 0.5% in early trade, travel and leisure stocks falling 1.4% to lead losses ...