Micro News

It is believed that China’s largest public commercial banks are bringing together billions to finance the investment under Beijing's "Belt and Road" initiative. This is in order to internationalize the Yuan (¥) and strengthen aspirations to energize the Silk Road trade routes.

In the last two months, the HSBC bank in London has closed or frozen accounts that belonged to British companies, such as an e-cigarette seller and an avocado importer, due to a recent clampdown on money laundering.

On the 25th of August, The President of France, Emmanuel Macron, targeted Warsaw for declining vigorous proposals to reconstruct a controversial EU rule on cheap labour. This, inevitably, provoked an enraged reaction from Poland.

A group of central bankers in Jackson, Wyoming were recently told by researchers that government expenditure in a recession can in fact strengthen a country’s economy without necessarily inflating its public debt, even if the debt is already rather substantial to begin with.

Singapore: New Insolvency Bill in 2018

A new Insolvency Bill that brings together various legislative elements which relate to substantial debt had by different entities, is due to be launched in the second half of 2018. It aims to secure Singapore’s corporate insolvency and personal bankruptcy systems to enhance the laws in order to produce…

The OECD has recently carried out peer reviews which concentrate on the availability of beneficial ownership details. In total, ten jurisdictions were evaluated in relation to beneficial ownership information and compliance. The OECD rated Norway, Ireland and Mauritius as “Compliant” whereas Jamaica…

The authorities in the North of Cyprus have now received a plea from Turkish/Cypriot teachers in relation to their belief that there should be more attention paid to education. This is following the statement that there are considerably more mosques at a total of 190 in Northern Cyprus, to that of 160…

The Labour Ministry is now hoping to get employers to disclose their undeclared employees. Labour Minister Zeta Emilianidou states that Cyprus currently holds a rate of 15.4% of undeclared work within the labour market, however she believes that this figure is not fully representative of the problem. The…

Eurofound, the EU Agency for the Improvement of Living and Working Conditions, have released a social mobility report that demonstrates that Cyprus is one of the EU countries that has changed the most in recent years. This is in regards to the transition from agriculture to manufacturing and the services…

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