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1. 'Mansion tax' introduced to help homeless Californians

Some of the biggest names in Hollywood are rushing to sell their multi-million-dollar houses in Los Angeles before a new “mansion tax” kicks in on April 1....

2. Man ordered to pay wife 200,000 euros for 25 years of housework

A Spanish court ordered a man to pay his ex-wife 200,000 euros for 25 years of unpaid domestic labor, based on the minimum wage throughout their marriage, court documents showed Tuesday....

3. World's most expensive home up for sale

London’s most expensive home is up for sale, according to Quartz. Set on four private acres in Regent Park, one of the city’s eight royal parks, the home’s reported asking price is about $300 million, or £250 million....

4. Government surplus of €609.5 million for 2022

General Government preliminary fiscal results published by the Statistical Service of Cyprus on Tuesday indicate a surplus of €609.5 mn, equal to 2.3% of GDP, for the period of January-December 2022, compared to a deficit of €402.8 mn or 1.7% of GDP, that was recorded during the period of January-December 2021....

5. Akamas compensation guidelines poses risks, says Finance Minister

"The guidelines for compensating landowners in Akamas for the loss of land value they have incurred and providing assistance to the neighborhood are speculative and ill-defined....

6. EY presents report on the Future of Banking in Cyprus

The report showcases the importance and contribution of Cypriot banks to the wider economy and society, and identifies current and upcoming challenges and opportunities...

7. Tatar proposes bi-communal cooperation on earthquake issue

Turkish Cypriot community leader Ersin Tatar will present a proposal for bi-communal cooperation on Thursday during a meeting with Cyprus' President-elect Nicos Christodoulides on Thursday regarding future response to possible earthquakes in Cyprus....

8. Credit Suisse posts $1.51 billion loss in 4th quarter of 2022

Credit Suisse on Thursday reported a fourth-quarter and annual net loss that missed expectations, as the Swiss bank continued with its huge strategic overhaul....

9. Zelensky in London, asks for fighter jets

Ukrainian President Volodymyr Zelensky is in the United Kingdom today to meet Prime Minister Rishi Sunak, King Charles, and speak to the British Parliament....

10. Lavrov calls out Greece and Cyprus

Russian Foreign Minister Sergey Lavrov has called out Greece and Cyprus over decisions which he says 'reflect an aggressive line imposed onto Europe that goes against the interest of Greek people'...

11. Riyadh wants to acquire Formula 1

Whereas we used to say that the Chinese were buying everything, it appears that the Saudis are now following suit. According to well-informed sources cited by the news agency Bloomberg, ...

12. Anastasiades says Russia forced Cyprus to change

Cyprus’ commander-in-chief says Russia forced his country to adopt an EU stance against Moscow, in response to Russian criticism that suggested Europeans were toeing an American line against the Kremlin and Nicosia and Athens were suffering because of it...

13. Cypriot author claims police trying to ban his book on corruption

A Cypriot investigative journalist accused the police on Wednesday of trying to prevent him from publishing books he wrote about corruption in his country....

14. Nikos Christodoulides: Discussing changes to the Guterres framework

"I didn't hear anyone mention Mr. Kasoulides, the foreign minister, after the wreckage in Crans Montana. Nobody could blame him. He was not the most directly involved, nor was he the one who would take the final decisions..." ...

15. Looking ahead to 2023: House prices in Cyprus

The end of 2021 saw Europe’s and Cyprus’ economies gradually recovering from the two-year rollercoaster ride of lockdowns, the stock market at record highs, and inflation increasing....

16. Dubai abolishes alcohol tax

According to the BBC, Dubai is eliminating the 30% alcohol tax and will no longer require personal alcohol licences, which are required for anyone wishing to consume alcohol....

17. €651.4 million of government surplus recorded until September 2022

Cyprus' general government surplus rose to 651.4 million for the period of July-September 2022 compared with a surplus of €319.5 mn recorded in the respective period of last year, according to preliminary general government fiscal results....

18. Eva Kaili: From city council to city prison

19. ECB raises interest rates by 0.5%

Christine Lagarde warned markets not to expect an early end to rate rises next year, on a day when the European Central Bank and the Bank of England lifted borrowing costs to their highest levels in 14 years....

20. Qatargate: Kaili's partner confesses and names names

Eva Kaili's husband, Francesco Giorgi, admitted his involvement in the Qatargate scandal, according to Le Soir and La Repubblica....

21. Over half a billion euro in government surplus so far this year

Preliminary General Government fiscal results indicate a surplus of €556.4 mn for the period of January-October 2022, according to data prepared and published by the Statistical Service of Cyprus on Wednesday....

22. Humanity hits eight billion mark

A baby born somewhere on Tuesday will be the world's eight billionth person, according to a projection by the United Nations....

23. A Memorandum of Understanding was signed between UCLan Cyprus and Wargaming

A Memorandum of Understanding was signed between UCLan Cyprus and Wargaming at the premises of UCLan Cyprus on the 31st of October. ...

24. Why inequality is growing in the US and around the world

U.S. income inequality grew in 2021 for the first time in a decade, according to data the Census Bureau released in September 2022....

25. EY holds Cyprus Attractiveness Forum: Investment Realized, a reference point for FDI in Cyprus

The Cyprus Attractiveness Forum: Investment Realized, organized by EY in collaboration with the Cyprus Chamber of Commerce and Industry, took place on Tuesday, October 25th at the Parklane Hotel, in Limassol. ...

26. Wim Van Aken talks recession and the predictions for Cyprus

We are facing a double shock. First, we had the Covid-19 shock and now the global and European economies are facing a new shock with the war in Ukraine. Both events are unprecedented for many of us....

27. Cyprus’ senator friend under criminal investigation

Cyprus friend Bob Menendez is once again under federal criminal investigation, with the news coming just days after the senator’s plan to block Turkey from getting F-16 jets was undone...

28. Cyprus is bursting, like a fat guy out of his leotard

Cyprus’ changing demographics are causing havoc to the real estate market, accentuating socio-economic imbalances and creating polarised communities. A bit dramatic? Let’s see....

29. Americans show more interest in Greece's golden visa program

Americans’ interest in Greece’s Golden Visa program has marked a significant increase recently, according to the latest report of real estate experts Berkshire Hathaway HomeServices....

30. Investigating Russian remittances to Mount Athos

The Money Laundering Authority is investigating suspicious money transfers from abroad to the individual accounts of monks on Mount Athos....