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1. Cyprus ends 2023 with €918.7 million fiscal surplus

Cyprus's financial report card for 2023 is in, and it's showing some positive signs. According to the Statistical Service of Cyprus, the country ended the year with a fiscal surplus of €918.7 million. That's like having extra money left over after paying all the bills....

2. Alternative investments and portfolio diversification

In contrast to traditional investments in stocks and bonds, portfolios incorporating alternative investments have historically offered higher returns, a trend that has become more prevalent in recent years. ...

3. The CIA's secret plans for Cyprus

The CIA was drafting scenarios for the geographic separation of Greeks and Turks in Cyprus as early as 1964. These plans, ranging from relocating Turkish Cypriots to Turkey to exchanges of populations and territories with Greece...

4. Kyriakos Kouros assumes role as Cyprus' High Commissioner to the UK

Ambassador Andreas Kakouris has assumed his duties as the Ministry of Foreign Affairs' new Permanent Secretary....

5. Lawyers challenge money laundering watchdog in Cyprus

Establishing a system to oversee financial companies in Cyprus is proving tricky, according to an article written by Apostolos Tomaras. It all started when the US and UK slapped sanctions on Russia,...

6. Trump's $175M bond halts NY fraud case collection

Former President Donald Trump has taken action in his New York civil fraud case, posting a $175 million bond on Monday. ...

7. Europe's ambitious plan to reignite economic engines

As Europe endeavours to uphold its competitiveness amidst economic rivals, its politicians believe they hold a concealed asset: the savings of its citizens, which remain unused and dormant....

8. With the cross in one hand and the staff in the other

The Church of Cyprus has weathered many storms throughout its long history, often paying a heavy price to maintain the cohesion of its flock. ...

9. Blurred lines between the church, state, and scandal in Cyprus

Last week, amid the shadow of scandals in the Church, ELAM President Christos Christou ensured to provide full coverage to Metropolitan Isaias, ...

10. The ripple effect of Houthi attacks on Cyprus' maritime industry

From super yachts to shipping giants, the Houthi insurgency's impact and sparking a call for global unity. Subtitle: ...

11. Government mulls UAE-led takeover of Daily Telegraph

In a pivotal moment for British media, the government is deliberating the approval of a UAE-led takeover of the Daily Telegraph, eliciting widespread objections from politicians, journalists, ...

12. Eurobank Cyprus reports €199.4M profits in 2023

Eurobank Cyprus unveiled its financial results for 2023, boasting a profit of €199.4 million, marking a significant increase of €105.1 million or 111% compared to 2022. ...

13. ECB considers rate cut despite falling inflation

The European Central Bank is set to keep interest rates at record highs on Thursday and take baby steps towards cutting them in the coming months as inflation continues to fall despite stubbornly high underlying price pressures....

14. FT: Judge denies Trump's request to delay $450M payment

A New York judge has rejected Donald Trump's request to temporarily halt the state's attorney-general from collecting a $450 million judgment while he appeals a civil fraud ruling....

15. Trump fined $354.9 million in New York civil fraud trial

Former US President Donald Trump faces a hefty fine of $354.9 million (£281.6 million) following a civil fraud trial in New York. Including interest, he must pay at least $453.5 million (£359.9 million). ...

16. Cyprus drowning in trash as stats report more waste, less recycling

Brace yourselves, Cyprus – we've got a waste problem. The latest data from Eurostat, the EU's number cruncher, shows that in 2022, we each tossed out a whopping 673 kg of municipal waste....

17. UK's tallest bird, cranes, thrive with 80 pairs

In a remarkable resurgence, Britain's tallest bird, the crane, has notched up its highest breeding figures since their disappearance from the UK landscape back in the 16th century....

18. Cuellar's peacekeeping quest faces tough terrain

Shortly after 9 am, the United Nations' fresh face, Maria-Angela Olguín Cuellar, descended upon the Presidential Palace, embarking on her inaugural rendezvous with President Christodoulides....

19. Cyprus stirs controversy with Sweden in heritage pact

In a historic move, the Technological University of Cyprus (TEPAK) and Sweden's State Museums, represented by Ann Follin from Medelhavsmuseet, have formally inked a Collaboration Agreement....

20. Forty percent of global jobs face disruption because of AI

Artificial intelligence (AI) is poised to reshape the global job market, potentially affecting 40% of jobs worldwide, according to the head of the International Monetary Fund (IMF), Kristalina Georgieva....

21. Heiress lets citizens redistribute €25M inherited fortune

Austro-German heiress Marlene Engelhorn, 31, residing in Vienna, is initiating a novel approach to philanthropy by forming a citizens' group to decide the allocation of €25 million ($28 million) from her inherited fortune. ...

22. Deloitte’s Tax Facts 2024

23. Politico: Newly unsealed Epstein documents offer few insights into high-profile associates

Newly unsealed court papers related to Jeffrey Epstein include the names of a handful of famous men whose associations with the late sex offender were previously known, but the documents provide few new disclosures about the nature of their relationships....

24. New details emerge in Menendez's Qatari bribery allegations

In a complex legal saga, U.S. Senator Bob Menendez finds himself ensnared in deeper troubles as fresh allegations unfold....

25. Divisions in Cyprus amplify fact-checking challenges

Cyprus, an ethnically divided island in the Mediterranean, is like any other nation: It’s been hit by a wave of misinformation, and residents are trying to keep up....

26. Hermès heir to leave billions to his former gardener

Nicolas Puech, the 80-year-old heir to the esteemed Hermès fortune, is reportedly taking an unconventional approach to wealth distribution by designating his...

27. Lisbon's homes unaffordable as prices hit record highs

In a dramatic twist, Lisbon finds itself grappling with a housing crisis, ranking second only to Athens in soaring housing costs among major European cities, reports Bloomberg. ...

28. Billionaires choose Abu Dhabi as global wealth safe haven

In a surprising trend, billionaires including Zhao Changpeng, the Adani family, Ray Dalio, and Vladimir Lisin are flocking to Abu Dhabi's international financial center, establishing special purpose vehicles (SPVs) to safeguard their fortunes....

29. Israelis alarmed at security hole in occupied territories

Benjamin Netanyahu's announcement, following Kathimerini's revelation that the Cyprus Intelligence Service prevented a strike against Israelis by arresting two Iranians linked to the Iranian Revolutionary Guards, ...

30. December Newsletter of K. Treppides & Co Ltd: CySEC

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....