Fitch Ratings has upgraded the Republic of Cyprus’s long-term issuer default ratings from ‘A-’ to ‘A’, while revising the outlook from positive to stable. The decision, announced on 6 November 2026, reflects the country’s sustained fiscal performance, rapid reduction in public debt and resilient economic growth, supported by an increasingly diversified economy. The upgrade places Cyprus in the ‘A’ rating category and represents another improvement in the country’s credit stan

Global financial markets experienced a sharp sell-off on 5 and 6 November 2026 as concerns over the sustainability of artificial intelligence investment triggered heavy losses in technology and semiconductor stocks. The decline, which began on Wall Street, spread across Asian and European markets, wiping trillions of dollars from the value of listed companies and prompting investors to move towards traditionally safer assets such as government bonds. US equities recorded thei

The Curaçao Gaming Authority (CGA) has issued updated anti-money laundering, counter-terrorist financing and counter-proliferation financing regulations for the gambling sector, giving covered operators until 1 February 2027 to bring their procedures into compliance. The framework, which took effect on 1 November 2026, applies to land-based and online casinos and providers of other online games. It establishes requirements covering customer identification, risk assessments, s

Argentina’s Financial Information Unit (Unidad de Información Financiera – UIF) has alleged that 88% of the revenue generated by Los Sauces S.A., a real estate and hotel company linked to former President Cristina Fernández de Kirchner and her family, originated from transactions used to give an appearance of legitimacy to funds allegedly obtained through corruption. The allegations were presented during the ongoing oral trial concerning the Hotesur and Los Sauces cases, whic