5 Minute News

Shenzhen has been declared the fastest growing wealth center in the world, according to an annual report. The city hosts 22 billionaires and 156 multimillionaires, experiencing significant growth in the technology sector. Scottsdale in the U.S. ranks second, with the list also featuring cities like Bangalore and West Palm Beach. The report highlights ongoing investor interest in rapidly developing regions.

Hamas's response to the U.S. envoy's proposal remains unclear as they suggest changes and demands. They seek the release of hostages in five stages and a permanent ceasefire. Additionally, they demand the withdrawal of Israeli forces from Gaza. These requirements indicate Hamas's intention to negotiate with conditions.

Elon Musk had a complex relationship with the Trump administration, filled with skepticism and disappointment. Significant problems arose from legal appeals and pending decisions. Despite Trump's personal affection for Musk, his departure caused tensions. Musk's successes were questionable, as his major companies were suffering during his tenure.

A tragedy occurred at the Rethymno Hospital when an 87-year-old man shot and killed his cancer-stricken wife by firing at her head and chest. He then attempted to commit suicide but sustained serious injuries. Their son was present during the attack and was locked on the balcony by his father. Police are investigating the incident.

The policy of the Guaranteed Minimum Income (GMI) is proving to be flawed and ineffective, leaving many vulnerable social groups outside its framework. The low financial aid provided fails to prevent impoverishment, while bureaucratic weaknesses lead to failures in social support. Economic inequality is viewed as an issue of justice and neglect of social rights, necessitating a new, holistic social policy in Cyprus. These deficiencies must be addressed with targeted interventions for improved social protection.

The Cyprus Police has frozen 12 properties in Thessaloniki worth €614,000 belonging to a 52-year-old wanted individual for the appropriation of Greek Cypriot assets. This action is part of the efforts by the Republic of Cyprus to combat such crimes. Authorities are cooperating with Greece to identify and seize assets that were acquired illegally. The investigation is ongoing, and additional properties belonging to the family may be discovered in Greece.

Tomorrow, the EDEK will elect a new president, with candidates Nikos Anastasiou and Diomedes Diomides. Both candidates are urging party members to participate in the elections and unite to promote EDEK's ideals. Nikos Anastasiou emphasizes the need for social justice, while Diomedes Diomides promotes a new path for the party. Both stress the importance of solidarity and unity for EDEK's success.

The Diaprotectome therapy for Multiple Sclerosis is set to begin human clinical trials after promising results in animal testing. Its goal is to slow down, and potentially restore, nerve function in patients. Greece's involvement in this research is significant and may also include Cypriot patients in the future. The new therapy is considered safe and aims to fill a gap in existing treatments.

A criminal organization trafficking cocaine, allegedly led by a Cypriot fugitive, has been uncovered in Greece. The perpetrators used clothing soaked in cocaine to evade authorities. A 50-year-old accomplice was arrested with a large quantity of drugs and a firearm in his possession. The police have also arrested three other individuals related to the organization.

Banks are implementing strict checks on deposits coming from weddings and baptisms, requiring proof of their origin. The evaluation process varies by case, and delays in deposits may raise suspicions. The Central Bank of Cyprus has issued new guidelines to simplify procedures for citizens. Banks must avoid unjustified delays in access to financial services.

Taxpayers will have to cover the costs of the Nicosia municipal council's decision to open Makarios Avenue to all vehicles. The Nicosia Public Transport company is seeking compensation from the Ministry of Transport for its expected losses. This situation may dangerously impact public transportation in the city. The company urges the Council to reconsider its decision.