Donald Trump’s choice of Senator JD Vance as his running mate for the 2024 presidential election has been branded as a “masterstroke” by the CEO of a leading independent financial advisory and fintech for his pro-cryptocurrency approach. Trump selected the Ohio senator, ending months of speculation about the Republican nominee’s choice to help him challenge … Read more
Fact: Andreas Christodoulides, President of Zela Aviation, bought and donated the historic Olympic Airways Boeing 727, “Mount Olympus,” to the Municipality of Elliniko after refurbishing and renovating it.
A 2010 study in the US found that an annual income of ,000 could lead to happiness by covering basic needs and allowing for enjoyable activities. However, new calculations suggest the threshold for happiness is now 0,000 due to rising costs of living. While money doesn’t guarantee happiness, it does provide comfort and security. Despite this, recent crises have shown the vulnerability of relying solely on income for happiness, leading younger generations to seek fulfillment in experiences that often come with a price tag.
Fact: Cyprus is a place that has been enriched by many hands and voices down the centuries, making it a living example of cultural synthesis and innovation.
Cyprus households have a median net wealth of €200,400 in 2021, with the top 10% holding 46.1% of the net wealth. Wealth inequality is increasing, with the Gini coefficient for wealth distribution rising. Inheritance and bequests are a major factor in explaining wealth inequality. Returns to capital have grown faster than returns to labor, leading to greater wealth accumulation by households owning capital. High wealth inequality has profound socioeconomic effects and political consequences in shaping election outcomes and policies.
A South Korean DJ named Youn Sung-ho, also known as DJ NewJeansNim, is blending electronic dance music with Buddhist teachings to attract younger audiences. At a recent festival celebrating Buddha’s birthday, he performed to a large crowd and was praised for promoting “young Buddhism.” Venerable Jinwoo, the head of the largest sect of Korean Buddhism, gifted him with prayer beads and encouraged him to continue spreading hope and happiness to young people.
Cyprus was honored at a ceremony celebrating 20 years since acceding to the European Union. Kyriacos Yiallourides, the first Cypriot born on May 1, 2004, asked about Cypriots’ expectations during the road to accession. George Iacovou mentioned that Cypriots hoped for security and stability and that the younger generations were excited about opportunities to study, work, and live abroad. The EU is characterized by breaking down borders and former enemies becoming friends. Yiallourides hopes more countries continue to join the EU to promote peace in Europe. EU Parliament president Roberta Metsola discussed the benefits of being part of the EU and embracing differences while ensuring equality of opportunity.
Fact: Vinyl records have made a comeback in Cyprus, with younger generations prompting a surge in demand for analog music.