A Polish soldier died on Thursday after he was stabbed on the border with Belarus by migrants trying to cross into the European Union, the army said, while Warsaw said it would demand Belarus hand over the person responsible for his death.The border has been a flashpoint since migrants started flocking there in 2021, after … Read more
The global population of high-net-worth individuals (HNWIs) grew by 5.1% to 22.8 million in 2023, with their collective wealth reaching a record .8 trillion. This surge was driven by strong stock market performance, with major indices such as the Nasdaq and S&P 500 experiencing significant gains. North America led the growth in millionaires, surpassing Asia-Pacific and Europe. Discussions about taxing the ultra-wealthy have been reignited, with Brazil and France advocating for a global minimum tax on large fortunes, which could generate an additional 0 billion if implemented.
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.
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Assembly of the Council of Europe on the issue of Varosha, claiming that the 1984 UN Security Council resolution is outdated.
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.
Limassol is hosting the Summer Jazz Project and More at LOEL Winery from June 14 to 16, featuring two bands each night with music from Latin America, the USA, France, Brazil, and beyond. The event will showcase genres like Swing Jazz, dance tunes from the 70s, 80s, 90s, and 00s, as well as tributes to Antônio Carlos Jobim and classic French and American jazz. The event aims to support Cypriot musicians and music.
Fact: The Great Sea Interconnector project, a subsea electricity cable linking Cyprus to Greece, is estimated to save an average household consuming five megawatt-hours of electricity annually at least €400 a year.
The Embassy of Ukraine in Cyprus refuted claims that President Zelenskyy owns a casino resort in the occupied north, calling it a lie spread by Russian propaganda. The embassy emphasized that there is no evidence to support the allegations and warned against trusting unreliable sources and manipulations.
Oil prices fell more than a barrel on Tuesday due to skepticism about an OPEC+ decision to boost supply later this year.
Approximately 30,000 tourists who were expected to visit Cyprus are impacted by the bankruptcy filing of travel provider FTI. This affects around 160 hotels and other businesses in Cyprus that collaborated with the Group. Bookings made through FTI are being cancelled, with efforts to cover part of the trips still underway. The impact on the tourism industry in Cyprus is significant due to various challenges the industry is facing, such as the war in Israel, economic recession in the UK, upcoming elections in the UK, the European Championship, and the Olympic Games.