Micro News

Wealthy Russian Expats in Cyprus are being targeted by burglars. Even though the crime rates dropped in Paphos it seems that criminals now target wealthy houses and in some cases unnervingly whilst the owners are in their properties, sleeping or in another room. Following the reports, a group of Russian…


Since 2009, China is the main partner of African countries in the field of trade. If in 2000 the trade amounted to USD $10 billion, then in 2014, according to experts from the west, the figure sky rocketed to USD $220 billion. In 2018, China intends to significantly increase its economic influence in…


Last Friday, the Minister of Labour in Cyprus about the beginning of negotiations with employers regarding the increase in the national minimum wage. The main reason for discussing the problem was because of a high level of unemployment. And now the government is trying to return it to the pre-crisis…


The executive director of Adidas declares the possible shift of footwear production from China to Vietnam. Prior to that, he  shrugged off concerns about the possible imposition of US tariffs on shoes made in China. "The factories in Vietnam produced 44% of Adidas shoes in 2017, compared with 31% in…


A recently released research report has shown the UK capital is now home to more than 4.5 thousand multimillionaires, representing a 3.5% rise on the 4.4 thousand recorded in 2017, making it the capital with the highest number of HNWIs or super wealthy citizens. The study that ranked the HNWIs globally…


Macau's Chief Executive has authorised the country’s signing of the OECD’s multilateral agreement on Automatic Exchange of Financial Account Information. The Multilateral Agreement provides a standardised instrument to enable the automatic exchange of financial information in accordance with the Standard…


The Portuguese tax authorities have announced new regulations for banks in hopes to reduce steams of illegitimate source funds entering the mainstream economy. Going forward, all Portuguese bank branches have to automatically report all residents' accounts containing balances of EUR 50,000, succeeding…


This week the Council of the European Union have announced that they have approved the Fifth Anti-Money Laundering Directive for adoption which will strengthen EU rules to prevent money laundering and terrorist financing. The new Directive hopes to further facilitate access to information on the beneficial…


The Swiss central government is seeking Parliamentary approval of its agreements to automatically exchange financial account information with jurisdictions in the Asian region, specifically Hong Kong and Singapore from the planned starting dates being around Autumn of next year. Switzerland is also…


European Council got the results of negotiations on the conclusion of free trade agreement between Singapore and the European Union, that on Friday (April 20) the Ministry of Trade and Industry called "an important step" in the process of ratifying the trade pact. This demonstrated the interest in the…



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