The former CEO of Fat Brands Inc. was indicted on federal charges for concealing million in income from the IRS and dodging taxes. He allegedly used company funds for personal expenses like a Rolls Royce and luxury items.
Akel deputy Christos Christofides has written to the auditor-general asking him to examine the data of the Independent Social Support Agency, which is under the authority of the president’s wife, Philippa Karsera. The agency had been set up in 2013 to provide financial support to university students who were unable to complete their studies due to lack of funds.
Fact: Cyprus will host an international meeting of interior ministers to discuss migration, with a focus on declaring parts of Syria safe for migrants to return.
The 1960s teenage girl is a pop culture icon, but the real experiences of women during that era were more complex. A study conducted on girls growing up in Britain between the 1950s and 1970s revealed diverse experiences, with some enjoying opportunities in London while others faced poverty and limited leisure options. Access to education and professional opportunities for girls was uneven, with many leaving school at 15 without qualifications. The fear of getting pregnant out of wedlock was prevalent, as access to contraception and sex education was limited. Early marriage was common, but easier access to divorce from 1969 provided a way out for some women.
Greece rescued 42 migrants off the island of Crete and was searching for three missing after their boat sent a distress signal. The migrants were rescued by commercial vessels and a Greek navy helicopter, and a search operation was underway. Crete and Gavdos have seen an increase in migrant arrivals from Libya. Greece has provided support to the islands to handle the situation. Greece has been a popular entry point to the EU for migrants and refugees since 2015, with many arriving on its islands and thousands dying at sea.
The change to the capital gains inclusion rate has created distress among those approaching retirement, particularly business owners, who now face a much higher tax bill than they had planned.
U.S. President Joe Biden is willing to debate Republican rival Donald Trump twice before the Nov. 5 election, with terms including two televised debates in June and September. Biden’s campaign proposed direct negotiations between the two campaigns for the debates, showing a willingness to take risks to improve his poll numbers. Biden also rejected traditional debates organized by the Commission on Presidential Debates and wants the debates to start sooner without any third-party candidates or in-person audience.
Two men, aged 27 and 35, were sentenced to 15 and nine years in prison for drug trafficking, drug possession, and money laundering. The 35-year-old’s property worth €48,900 was also seized. The crime took place on July 31, 2023, when 27kgs of cannabis and 12kgs of cocaine were seized during a raid by the Paphos drug squad.
Colorado will implement a new system for corporate tax reporting in 2026, which includes all affiliates in a combined group’s return and aligns the process with other states. Governor Jared Polis signed a bill that also increases the state earned income tax credit to 50% and establishes a refundable child and dependent care tax credit, contingent on meeting revenue targets. Governor Polis approved several tax-related bills, emphasizing their historic significance in saving money for Colorado residents.
Fact: Oakland is facing a 7 million deficit, leading to potential budget cuts and layoffs for public employees.