Free every weekday · 07:00 Cyprus time · Official sources only

The True Brief

The day's news, facts only, straight from official sources. Free every weekday at 07:00 Cyprus time.

Covers governments, central banks, markets, trade, sanctions, economic data, and trending stories from official accounts on X. Every item links to the original source.

First issue: Monday 2 November, 07:00 Cyprus time

How it works

  1. Official sources only

    Governments, central banks, regulators, company filings, and official X accounts.

  2. Facts, not opinions

    Each item is labelled by source type, with time and link.

  3. Before Europe opens

    In your inbox at 07:00 Cyprus time, every weekday.

How this is made: AI tools collect sources and draft summaries. George reviews every item against its original before publication.

Information only. Not investment advice.

From a recent issue

Thursday 22 October 2026 (practice issue)

CENTRAL BANK

ECB's Lane sets out terms of euro repo facility for central banks

Executive Board member Lane described the updated Eurosystem repo facility for central banks (EUREP). Loans are made against high-quality euro-denominated collateral at the main refinancing operations rate plus a spread set by the Governing Council. The maximum line per central bank is €50 billion, and onboarded central banks can draw from the fourth quarter of 2026.

Source: ECB speech by Philip R. Lane

GOVERNMENT

US sanctions law firm, shipping firms and vessels over Iran

OFAC added the law firm Karnakis and Karnakis, five individuals linked to it, three shipping companies and nine vessels to its SDN List under Executive Order 13902. Treasury says the targets helped conceal and transport Iranian commodities.

Source: OFAC recent action, 21 Oct 2026

SEC FILING

IBM reports third-quarter results

IBM reported Q3 2026 revenue of $17.1 billion, up 5% (6% at constant currency). Software revenue was $7.8 billion, up 8%. IBM said it still expects constant-currency revenue growth of four to five percent for the year.

Source: IBM 8-K, Exhibit 99.1

GOVERNMENT

Commission opens Digital Services Act case against Booking.com

The Commission opened formal proceedings to assess whether Booking.com may have breached the Digital Services Act, looking at how it handles risks from fraudulent listings and phishing scams. Opening formal proceedings does not prejudge any outcome, the Commission said.

Source: European Commission press release IP/26/2223

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First issue: Monday 2 November, 07:00 Cyprus time

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First issue: Monday 2 November, 07:00 Cyprus time