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Zoran Milanovic Secures Second Term as Croatia’s President

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Zoran Milanovic has been re-elected as Croatia’s president, winning nearly three-quarters of the vote in the presidential election. His opponent, Dragan Primorac, backed by the ruling Croatian Democratic Union (HDZ), managed just 25% of the vote, marking the party’s worst-ever electoral performance. The outcome reflects a resounding endorsement of Milanovic despite his frequent critiques of the government.

Prime Minister Andrej Plenkovic, leader of the HDZ, offered a muted response, refraining from congratulating Milanovic and criticizing him as offering “nothing.” Milanovic, in contrast, extended an olive branch, stating he would “offer a hand” to the prime minister. As a ceremonial head of state, Milanovic’s role is constitutionally non-partisan, yet his presidency has been marked by outspoken criticism of the government on issues such as corruption, inflation, and healthcare.

A seasoned politician, Milanovic served as prime minister from 2011 to 2016 and led the centre-left Social Democratic Party (SDP) for nearly a decade. His presidency has also seen controversy, including a failed attempt to run for prime minister last year, ruled unconstitutional by the courts. While Milanovic has condemned Russia’s invasion of Ukraine, his criticism of Western military support for Kyiv has drawn international attention.

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True Legacy: CA. Sreejith Kuniyil’s Approach to Securing Wealth and Protecting Futures

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CA. Sreejith Kuniyil’s presence alone—marked by a warm smile and a firm handshake—instills confidence and ease in any business conversation. As a dynamic entrepreneur with a diverse skill set, he has ventured into paths less explored, crafting an extraordinary journey. His visionary efforts have led to the creation of one of the country’s most harmonious and efficient business ecosystems, setting a benchmark for innovation and success.

From Humble Beginnings to Global Expertise

Growing up in a family that ran a small business, Sreejith quickly learned the value of hard work and ambition. However, he realized that true growth would come from professional education. Driven by this belief, he pursued a career in Chartered Accountancy. His journey took him through renowned global firms like EY, KPMG, Deloitte, and Grant Thornton, where he gained invaluable experience working with multinational clients and large Indian corporations. His expertise spanned complex areas such as restructuring cross-border operations, crafting mergers and acquisition strategies, business restructuring, and handling tax litigation. These experiences laid the foundation for his successful entrepreneurial path.

Forging a Legacy in Business Consulting

With over two decades of experience in consulting and advisory roles at Big Four firms, Sreejith embarked on a transformative journey in 2018 by co-founding CAPITAIRE alongside two partners. The firm was established with a clear vision: to deliver integrated value to the business community. By 2020, Sreejith took the helm independently, propelling CAPITAIRE to prominence as a trusted name among business leaders.

Today, CAPITAIRE stands as Kerala’s premier business and capital consulting firm, renowned for its innovative and impactful solutions. Known as a hub for entrepreneurial brainstorming, it has become the go-to destination for transformative ideas and strategic growth. CAPITAIRE’s core mission is simple yet profound: to protect entrepreneurs and empower their businesses to thrive.

Redefining Business Growth

Years of market experience revealed a key challenge for entrepreneurs: capital. But capital isn’t just about funding—it encompasses building robust systems, processes, and resources. CAPITAIRE has been instrumental in helping businesses prepare for capital investment, structuring organizations to enhance share value, and developing systems that ensure sustainable growth.

Beyond growth, CAPITAIRE focuses on safeguarding entrepreneurs’ assets, implementing succession planning to protect both their capital and their families. Unlike traditional consultants who often work solo, CAPITAIRE takes a collaborative approach. Its core team comprises seasoned Chartered Accountants and finance professionals with deep expertise in tax and regulatory frameworks, ensuring strategies are not only innovative but also actionable.

Breaking New Grounds

In 2020, Sreejith launched PravasiTax, a pioneering tax advisory platform tailored for Non-Resident Indians (NRIs). Having lived as an NRI himself, Sreejith recognized the gap in understanding the complexities of tax regulations, especially regarding banking, real estate investments, stock markets, and income generation for NRIs. Consultants specialized in International Taxation, FEMA, Tax Treaties, Inheritance Laws, and Income Tax Law were in high demand. This need for a focused, expert approach became evident as penalties increased from mishandled notices and tax-related communications. Drawing on his international tax expertise, Sreejith and his team of Chartered Accountants were able to provide secure, comprehensive tax and regulatory solutions for NRIs, ensuring compliance and peace of mind.

Securing Wealth and Legacy

Many individuals, no matter where they live, strive to create a better life for their families, often sacrificing their own well-being in the process. However, in the pursuit of wealth, they frequently overlook securing their assets and ensuring they are passed down as intended. Recognizing this gap, Sreejith founded True Legacy, a platform dedicated to developing and executing succession planning strategies for business owners and High Net-Worth Individuals (HNIs). Through True Legacy, he created tailored solutions for structuring Family Private Trusts, Family Offices, and Wills, ensuring that assets and income are smoothly transferred to the rightful heirs. Furthermore, to empower business leaders and reduce their dependency on consultants, he introduced FINTAXMAN. Through this initiative, he offered masterclasses that equipped entrepreneurs with the knowledge of financial and tax management, helping them gain control over their businesses.

Nurturing Human Capital

Sreejith holds a firm belief that people are the most valuable asset for any organization. Despite the rise of AI, he continues to prioritize human potential, aiming to grow his team and help others build their own. Recognizing the shortage of skilled financial professionals for his ventures and clients, Sreejith created the AFM (Ascent to Finance Manager) module under the Special 40 initiative. This program aims to upskill 40 students in 60 days, equipping them with essential financial knowledge for business success. Sreejith’s dedication to addressing problems head-on is clear through his proactive approach in shaping the next generation of financial leaders.

Additionally, Sreejith is working on his upcoming book, Why Commerce?, set for release in the coming months. This guide explores post-Class X educational options, focusing on the commerce stream, and provides valuable career guidance by evaluating the pros and cons of various professional fields.

Roots and Growth

Although many questioned his decision to base his operations in Kochi, Sreejith takes immense pride in establishing his roots in Kerala. Despite the allure of more lucrative markets in other states, he remained committed to ensuring that his home state benefited first from his entrepreneurial journey. Today, his ventures have expanded into the GCC countries, including the UAE, Qatar, Kuwait, and Saudi Arabia. A firm believer in solo leadership, Sreejith values the flexibility it provides, enabling him to seize opportunities and bring ideas to life swiftly.

The Pillars of His Strength

At the heart of Sreejith Kuniyil’s success is the unwavering support of his family. His wife, Sowmya, formerly a teacher, now serves as a Director at PravasiTax. Recently, she was one of the contestants in the Mrs. Kerala 2024 beauty pageant, where she won the Best Smile award. Their son, Nakul, currently a Class 1 student, has a keen interest in quizzes and trivia, and his enthusiasm adds joy and energy to the family’s journey.

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Germany’s Habeck and Scholz Criticize Trump’s Divisive Tactics and Greenland Proposal

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Germany’s Vice Chancellor Robert Habeck has accused US President-elect Donald Trump of attempting to undermine European unity, calling for a united European front in response. Speaking to Deutschlandfunk, Habeck claimed Trump’s past efforts to strike individual deals with European nations sought to fracture EU solidarity and warned of potential trade policy attacks targeting German products. Highlighting Germany’s significant trade surplus with the US, he stressed the importance of EU backing in trade matters.

Chancellor Olaf Scholz also criticized Trump for reigniting controversial remarks about acquiring Greenland and Canada, asserting that borders must not be altered by force. During a news conference, Scholz emphasized the principle of border inviolability as foundational to international peace. Danish Prime Minister Mette Frederiksen dismissed Trump’s renewed proposal for Greenland, reaffirming the territory’s autonomy. Trump’s comments on his Truth Social platform, advocating for Greenland to join the US, have drawn sharp rebukes from European leaders.

Adding to the strain in transatlantic ties, Tesla CEO Elon Musk, a Trump ally, publicly criticized German leaders and voiced support for Germany’s far-right Alternative for Germany (AfD) party. Scholz responded by reaffirming Germany’s commitment to NATO and Western values, emphasizing the importance of border security. As Trump’s inauguration approaches, European leaders brace for renewed challenges to relations with the US.

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Ukrainian Strike Hits Russian Fuel Depot, Disrupting Strategic Operations

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The Ukrainian military announced a targeted strike on a fuel storage depot in Engels, a city in Russia’s Saratov region, approximately 600 kilometers from the Ukrainian border. The overnight attack ignited a blaze at the depot, which supplied a critical air base used by Russian planes to launch missiles into Ukraine. Ukraine’s General Staff stated that the strike significantly disrupted Russian strategic aviation, hampering their ability to target Ukrainian cities and civilian infrastructure.

Russian officials confirmed a major drone attack in the area, with Saratov Governor Roman Busargin reporting fire damage at an industrial site in Engels caused by falling debris. No injuries were reported, but authorities responded by restricting flights at airports in Saratov, Ulyanovsk, Kazan, and Nizhnekamsk. The incident reflects escalating tensions as Ukraine expands its reach into Russian territory using domestically developed long-range weapons.

Ukrainian presidential advisor Alexander Kamyshin attributed the attack to Ukraine’s indigenous arsenal, emphasizing the effectiveness of locally produced capabilities with the hashtag #MadeInUkraine. Last year, President Volodymyr Zelenskyy highlighted Kyiv’s development of weapons with a range of up to 700 kilometers, with recent strikes proving their ability to hit targets over 1,000 kilometers away. This marks a shift in Ukraine’s strategy amid restrictions on the use of Western-supplied long-range weapons.

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Italian Journalist Cecilia Sala Freed from Detention in Iran

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Cecilia Sala, an Italian journalist detained in Iran last month, has been released and is on her way back to Rome. The 29-year-old journalist was arrested on December 19, following the detention of Iranian engineer Mohammad Abedini in Milan, who was suspected of supplying drone technology linked to the deaths of US soldiers. Sala had been held in solitary confinement at Tehran’s Evin prison, sparking widespread outrage in Italy.

The Italian government, led by Prime Minister Giorgia Meloni, announced her release, crediting “intense work through diplomatic and intelligence channels” for securing her freedom. Sala’s partner, Daniele Raineri, shared the emotional news, quoting her saying, “I’ll see you soon.” The journalist’s plane was en route to Rome, where she is expected to land later today.

While the exact reasons for Sala’s release remain unclear, Iranian authorities initially claimed her detention was due to violations of the Islamic Republic’s laws. However, US officials indicated that her arrest might have been connected to Abedini’s case, suggesting she could have been used as “political leverage.” The Italian government has taken a proactive role in her case, with Giovanni Caravelli, head of Italy’s foreign intelligence service, reportedly traveling to Tehran to facilitate her return.

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Jean-Marie Le Pen, Controversial French Far-Right Leader, Dies at 96

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Jean-Marie Le Pen, founder of France’s far-right National Front (FN) and a polarizing figure in French politics, has passed away at the age of 96, his family confirmed. Known for his fiery rhetoric and hardline views on immigration and nationalism, Le Pen’s political career spanned decades, marked by repeated bids for the presidency. He gained global attention in 2002 when he shocked France by advancing to the second round of the presidential election, only to be decisively defeated by Jacques Chirac.

Le Pen’s career was fraught with controversy, including multiple convictions for hate speech and Holocaust denial. A staunch nationalist, he pushed his far-right agenda into the French political mainstream, but his inflammatory remarks often overshadowed his political ambitions. His daughter Marine Le Pen later took over the FN in 2011, rebranding it as the National Rally to appeal to broader voters, ultimately leading to a bitter rift between father and daughter.

Born in 1928 in Brittany, Le Pen’s early life was shaped by war and loss. After serving in the French Foreign Legion during the conflicts in Indochina and Algeria, he entered politics, founding the FN in 1972. Despite his expulsion from the party in 2015 over his repeated Holocaust denial, Le Pen remained unapologetic about his views, leaving behind a complex legacy as a pioneer of far-right populism in Europe.

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Ukraine Launches Surprise Offensive in Russia’s Kursk Region

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Ukraine has launched a surprise offensive in Russia’s Kursk region, aiming to reclaim ground after months of setbacks. Reports emerged early Sunday from Russian military bloggers, later confirmed by officials in Kyiv and Moscow. Ukrainian forces reportedly attacked multiple fronts near Sudzha, with the country’s Presidential Office head Andriy Yermak describing the situation as “good news” for Ukraine. Meanwhile, Russia’s Defense Ministry claimed to have repelled two assaults and inflicted heavy losses on Ukrainian troops, including North Korean soldiers aiding Moscow.

This escalation follows Ukraine’s initial incursion into Kursk last August, during which Kyiv seized significant territory before losing over 40% due to sustained Russian counterattacks. The latest offensive seeks to regain momentum amid concerns that U.S. President-elect Donald Trump may push for a peace deal, potentially pressuring Ukraine into unfavorable compromises. Analysts have cautioned against premature conclusions about the attack’s significance, as both sides have engaged in disinformation campaigns.

As Ukraine braces for potential changes in U.S. support, its leadership is focused on negotiating from a position of strength. President Volodymyr Zelenskyy has maintained strong rhetoric, highlighting Russian losses, including North Korean troops, in the ongoing battles. Western analysts suggest that while the offensive’s outcome remains uncertain, it underscores Ukraine’s determination to challenge Moscow and resist territorial concessions.

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Russia’s Secret Military Files Reveal Target Lists for Japan and South Korea

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Leaked Russian military documents from 2013-2014, reviewed by The Financial Times, reveal detailed plans targeting 160 civilian and military sites in Japan and South Korea, including nuclear power plants and energy facilities. The files, which reflect Russia’s strategic considerations from 2008 to 2014, highlight concerns about vulnerabilities along its eastern borders amid potential conflicts involving NATO, the U.S., and regional allies. Civilian infrastructure such as bridges, tunnels, and factories was marked to hinder troop movements, alongside military command centres and radar installations.

The documents also describe Russia’s potential use of Kh-101 cruise missiles in strikes against Japan and its air missions to test Japanese and South Korean air defences. In a notable 2014 operation during the annexation of Crimea, Russian bombers flew near South Korea and Japan, provoking multiple non-hostile interceptions by fighter jets. These maneuvers coincided with a joint U.S.-Korea military exercise, underscoring Moscow’s tactical interest in gauging regional air defence capabilities.

The revelations further underline the significance of Asia in President Vladimir Putin’s geopolitical strategy, particularly following the invasion of Ukraine. As Moscow strengthens military and economic ties with China and enlists North Korean troops for the war in Ukraine, the leaked plans expose Russia’s focus on countering U.S. influence and securing its eastern front. However, questions about the reliability of its military systems, highlighted by operational setbacks in Ukraine, cast doubt on the feasibility of these plans.

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Tragedy in Montenegro: Gunman Kills 12, Including Two Children

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A devastating shooting in the southern Montenegrin town of Cetinje has left 12 people dead, including two children, following an altercation in a restaurant on Wednesday evening. The attacker, identified as 45-year-old Aleksandar Martinović, began the rampage at 17:30 local time, killing members of his own family, the restaurant owner, and two children aged 10 and 13. He later moved to other locations, leaving a trail of fatalities before taking his own life after a confrontation with police.

Authorities revealed that Martinović, reportedly under the influence of alcohol, had acted following a “disturbed interpersonal argument.” Four others sustained serious injuries and remain hospitalized. Prime Minister Milojko Spajic expressed profound sorrow, calling the act “senseless” and vowing urgent measures, including potential bans on private firearm possession, to enhance public safety.

The incident has plunged Montenegro into mourning, with three days of national remembrance declared. While mass shootings are uncommon in the Balkan nation, this tragedy has reignited discussions on gun control and public security. It follows a similar incident in 2022, where a family dispute in Cetinje also led to multiple fatalities.

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Russian Drone Strike Hits Kyiv, Wounds Six and Damages Buildings

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Russia launched a drone strike on Ukraine’s capital, Kyiv, early Wednesday morning, injuring at least six people and causing significant damage to buildings in two districts. Explosions echoed across the city as Ukraine’s air force warned of incoming drones, and Mayor Vitali Klitschko confirmed that air defenses were intercepting the attack. Two floors of a residential building were partially destroyed, and debris from downed drones also struck a non-residential structure in a different neighborhood.

Photos shared by the State Emergency Service depicted firefighters working to douse flames at a damaged building, assisting elderly victims. Yulia Svyrydenko, Ukraine’s first deputy prime minister, took to social media, condemning the strike and highlighting that Russian aggression persists without pause, even during the holiday season.

Kyiv’s military reported that 63 out of 111 Russian drones launched overnight across various Ukrainian regions were shot down. An additional 46 drones were neutralized through electronic jamming. The continuous strikes serve as a stark reminder of the ongoing nature of Russia’s nearly three-year-old invasion of Ukraine, targeting cities far beyond the frontlines.

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