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European Employers Leaders Meet With President Christodoulidis During Cyprus Council Of Presidents Conference

European employers’ organizations have converged in Cyprus for the BusinessEurope Council of Presidents (CoPres) conference, an event that underscores the increasing influence of key economic actors in shaping European policy. The meeting, held at the Presidential Palace in Nicosia, marks a significant gathering where high-ranking representatives will discuss strategies vital to the evolution of the regional economic landscape.

Meeting Overview

Today, leaders of major European employers’ organizations will meet with President Nikos Christodoulidis at the Presidential Palace. The session, which will culminate in an official dinner attended by the President, is a testament to the collective commitment to address the challenges and priorities facing Europe today.

Council Agenda

The conference agenda is comprehensive, focusing on several critical areas:

  • The strategic priorities underpinning the forthcoming Cypriot Presidency;
  • The European Union’s roadmap for a sustainable, innovative, and competitive economy;
  • Strengthening international relations in an increasingly interconnected world.

Notable Leadership Influence

A further highlight of the event is the attendance of senior policymakers. Tomorrow’s session will include not only President Christodoulidis but also EU Commissioner for Fisheries and Oceans, Kostas Kadis. Additionally, Georgios Pantelidis, President of the Federation of Employers & Manufacturers (OEV), reinforces Cyprus’s influence by serving as Vice President of BusinessEurope, whose President is the Swedish business leader Fredrik Persson.

This gathering reflects a dynamic and forward-thinking approach to addressing Europe’s economic challenges and opportunities, positioning Cyprus as a pivotal player in the broader European agenda.

SEC Drops Lawsuit Against Gemini: A Major Turning Point In Crypto Regulation

SEC Dismisses Legal Action Against Gemini

The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss. The move follows a joint court filing in which both the regulator and Gemini sought dismissal of the case that centered on the collapse of the Gemini Earn investment product, a debacle that left investors without access to their funds for 18 months.

Settlement And Regulatory Reassessment

In a significant development, a 2024 settlement between New York and Gemini ensured that investors recovered one hundred percent of their crypto assets loaned through the Gemini Earn program. The legal reprieve comes on the heels of actions initiated by New York Attorney General Letitia James, who accused Gemini of defrauding investors.

Political Backdrop And Industry Implications

This dismissal reinforces a broader trend of regulatory leniency toward the crypto sector noted during the Trump administration, which saw the SEC dismiss, pause, or reduce penalties in more than 60 percent of its pending crypto lawsuits. Meanwhile, Gemini’s recent public offering filing underscores its ambitions to solidify its status as a major player in the evolving digital asset market.

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