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Cypriot firm secures strategic investment for European expansion
Ask Wire, a Cypriot firm, successfully completed an equity extension round to support its expansion into key European markets, particularly Greece and Romania. The majority of the funding was provided by existing investors, with significant participation from Lars Rasmussen, co-founder of Google Maps. Additional investment came from high-net-worth individuals in Greece and Romania, as well as Founders Bridge, a Stockholm-based venture capital fund. Ask Wire’s platform provides property profiles, market analysis, and risk assessments using data from various sources.
In heated debate, Sunak, Starmer lock horns on the economy
Prime Minister Rishi Sunak and Labour challenger Keir Starmer debated over how to boost Britain’s economy, with Sunak accusing Labour of wanting to increase taxes if they win power. Sunak claimed that Labour would raise taxes by £2,000, but Starmer called this figure “nonsense.” Starmer criticized the Conservative Party for presiding over economic chaos and opposed Sunak’s plan for mandatory national service. Sunak also discussed tackling immigration by sending illegal asylum seekers to Rwanda, while Starmer said he had a plan to address immigration concerns. An opinion poll after the debate suggested that Sunak had won.
Holguin to brief UNSG on Cyprus issue amid impasse and provocative statements by Turkish side
President Nikos Christodoulides has been briefed about the meeting of the UN secretary general with his personal envoy. The Turkish Minister of Defence, Yasar Guler, made a provocative statement regarding the Turkish troops’ “peace operation” in Cyprus. The Greek Cypriot side is steadfast in requesting the resumption of talks, despite indications that negotiations may not be positive. The UNSG will also meet with Greek Foreign Minister George Gerapetritis to convey specific messages on behalf of the Republic. Turkish Cypriot leader Ersin Tatar claimed that peace prevailed on the island in 1974 and that the Turkish Cypriots made significant gains. Turkish Cypriot MPs participated in discussions at the Parliamentary Assembly of the Council of Europe on the issue of Varosha, claiming that the 1984 UN Security Council resolution is outdated.
RIF drives innovation forward at Reflect Festival
The Cyprus Research and Innovation Foundation (RIF) supports startups and scaleups that have introduced innovative products and services, secured funding from business angels and venture capital firms, and expanded their reach internationally.
Paphos police searching for teen quad bike thief
Police in Paphos are searching for a minor in connection with a quad bike theft and traffic offences. A 14-year-old has already been identified and arrested for the same case.
NRIs: Are you filing income tax returns of 2023 in India? Know this!
NRIs need to pay tax on income that arises in India for the financial year of 2023, which runs from April 1, 2022, to March 31, 2023.
High number of new voters for Euro elections
Cyprus has the third highest proportion of new voters for the upcoming MEP elections among member states, with 8.7% of citizens entitled to vote for the first time.
Lawmakers brawl in Turkish parliament over pro-Kurdish mayor, ’s detention
Lawmakers from Turkey’s ruling AK Party and the pro-Kurdish DEM Party brawled in parliament over the detention and replacement of a DEM Party mayor in southeast Turkey.
Alcaraz steamrolls Tsitsipas to book Sinner semi at French Open
Carlos Alcaraz defeated Stefanos Tsitsipas in the French Open quarter-finals, setting up a semi-final match with Jannik Sinner.