Two Cypriot MPs have organized a bill which aims to regulate and tax short-term rentals like Airbnb. 1/3 of tourists stay in unregistered accommodation according to Disy deputy Averof Neophytou. The proposal will also create a registry of self-catering accommodation and this will be Cyprus Tourism…
Pantelis Leptos, chairman of CLBDA (Cyprus Land and Building Developers Association) states that while interest in real estate on the island is exceptional, the government is set to discuss ways to speed up the problem of title deeds. Leptos went on to say that the situation within the real estate market…
The German car manufacturer has been fined 1 billion euros (USD $1.18 billion) over diesel emissions cheating. This is one of the largest ever fines imposed by the German authorities against a firm. The fine follows a plea agreement from the U.S. from January 2017 when VW agreed to pay USD $4.3 billion…
IMF chief Christine Lagarde launched an attack by global economic organisations on Donald Trump’s “America First” trade policy on Monday the 11th of June. Lagarde went on to warn that clouds over the international economy keep getting darker and darker according to sources. Trump reversed out of a…
Young professionals in Hong Kong are living in “nano-flats” and co-shares as homes continue shrinking. Tower blocks of miniature apartments with the latest technology continue to pop up everywhere but at a considerably high cost. For example, Adrian Law, 25, finance worker, paid over HK$6 million (USD…
Asset managers in China are said to have begun fundraising for 6 Chinese “unicorn” funds on Monday the 11th of June by offering retail investors a new investment channel but possibly straining tight market liquidity. The 300 billion yuan (USD $47 billion) plan stands to beat all the equity funds raised…
The Swiss Government's proposal early this year to eliminate bearer shares and remove of non-compliant Shareholders has been met with mixed reviews. The move comes after the country decided to officially implement the FATF (Financial Action Task Force) and the OECD’s Global Forum transparency recommendations…
The European Central Bank (ECB) has recently stated that it would end in December the mass bond-buying used to support the Eurozone economy, in an indication of confidence in the outlook for inflation and growth in the bloc. According to Mario Draghi, the President of the ECB, after September 2018,…
Donald Trump presented a movie displaying large skyscrapers, bright lights and high-speed trains to North Korean leader Kim Jong Un. The US president was seeking to pitch a future to Kim Jong Un which would be possible if Pyongyang were to give up their weapons. However, according to analysts, few people…
Many famous foreign investors have reportedly hit trouble renewing their Tier 1 Visas. With the following discretionary points introduced in 2015, requiring the UK Home Office to have consideration with regards to factors such as the applicant's: Conduct. Character. Business associations. Any…
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