The world’s five youngest billionaires, at an age when many are still building their careers, have already amassed a staggering fortune that places them among the most influential figures in global business. Together, they collectively control a staggering $12.3 billion in wealth, according to data acquired by Finbold as of Q3 2023. In a world
More
Australians top the world chart of biggest spenders in the sports betting industry, with an average revenue per user of $1,300, nearly four times more than the global average, according to a survey. Data presented by CasinosEnLigne.com suggests that an average Australian sports fan spends more on betting than Japanese, German, and UK bettors combined.
More
The Central Bank of Cyprus revised its projections for GDP growth, estimating it will be 2.4% this year and 2.7% in 2024, down from its June estimate of 2.6% and 2.8%. In its September macroeconomic forecast, the CBC said the downward revisions are attributed “to the impact of Western sanctions against the Russian Federation due
More
Deputy Government Spokesperson Doxa Komodromou has resigned following a row over her alleged rule-breaking in receiving expenses she wasn’t entitled to. On Monday, a brief statement by the Presidency said that President Nikos Christodoulides had accepted Komodromou’s resignation without elaboration. The overtime scandal had become an embarrassment for the government and fuel for the Opposition to
More
The cost-of-living crisis is one of the most pressing problems the government has to tackle, and according to a Phileleftheros survey, Cyprus remains one of the most expensive countries in Europe. As energy and prices soar, there are growing calls for immediate and substantial measures against the cost of living. Finance Minister Makis Keravnos says
More
The formidable power of generative artificial intelligence (GenAI) combined with other existing AI models can transform how companies operate and individuals work. For economies, it will likely fill skills gaps and address demographic challenges, such as ageing. Rapid adoption of the technology so far by businesses and individuals suggests the impact may well be felt
More
Around 200 Greek and Turkish Cypriots participated in the International Day of Peace Run in divided Nicosia. The United Nations Development Programme organised the event with funding from the European Union, in coordination with OSASG-Cyprus, under the auspices of The Technical Committee on Culture, with the bicommunal running group Runite. Bringing the Greek Cypriot and Turkish
More
Turkish Cypriot leader Ersin Tatar rejected the appointment of a UN envoy for Cyprus during his meeting with the UN Secretary-General, Antonio Guterres, in New York. Tatar also rejected participating in a joint meeting with Guterres and President Nikos Christodoulides. Guterres also met on Saturday the Turkish Foreign Minister, Hakan Fidan, who said yes to
More
This week, the government came to a standstill as attention focused on the President’s New York shuffle to get the international community re-engaged in the Cyprus problem. There was little much going on at home apart from the government ducking and weaving allegations about an overtime scam to bolster the pockets of public officials while
More
During the past three decades, Armenia struggled to convince the world that the ethnic enclave of Nagorno-Karabagh was an integral part of the Armenian nation, connected to the motherland with a fragile umbilical cord, and it should be afforded sovereignty to ensure the territorial integrity of the historical lands of Artsakh. In the wake of
More
