Agriculture minister extols the virtues of roses
Fact: The most common variety of rose seen in Cyprus today, the Damask Rose, was first imported to the island by monks from the Kykkos Monastery after they had made a trip to Romania.
production
Warner Bros Discovery squeezed by studio slump, weak ad spending
Warner Bros Discovery posted a larger than expected quarterly loss due to slumping advertising sales at its cable TV unit and fallout from Hollywood strikes and poor demand for a “Suicide Squad” game.
Timur Turlov discusses Cyprus operations: Freedom24, ’s key to European market
Fact: Freedom Holding Corp. is planning to obtain banking licenses in Cyprus as part of its strategic priorities.
BoE in focus, gold and oil struggle
European markets and US futures are trading higher as investors await two important events that will shape trading activity for the rest of the month. The Dow Jones chart shows bulls taking control, while Airbnb’s weak guidance indicates a potential slowdown in economic activity. The Bank of England is under pressure to lower interest rates, and US unemployment claims data could impact the market. Gold prices are influenced by the dollar index and Fed’s monetary policy, while the OPEC cartel’s meeting on June 1 will be crucial for oil prices.
Shell Nigeria paid $1.09 billion tax, royalties to FG in 2023- Official
Shell paid .09 billion in corporate taxes and royalties to the Federal Government in 2023, with SPDC contributing 2 million and SNEPCo remitting 9 million.
Cybersecurity levy, other taxes to fuel inflation and impede business growth – CPPE
The Centre for the Promotion of Private Enterprise (CPPE) in Nigeria has stated that the newly introduced cybersecurity levy and other taxes are impeding businesses’ capacity to drive economic growth, leading to job losses and inflation.
‘Tsar’ Putin tells the West: Russia will talk only on equal terms
Putin was honored like a Russian tsar at his swearing-in for a new six-year presidential term. He indicated that Russia is prepared for victory in Ukraine and is willing to engage in dialogue with the West, but only if there is no arrogance from the United States and its allies. Putin’s invasion of Ukraine in 2022 has strained relations between Russia and the West, with the West viewing Putin as an autocrat and war criminal. Despite criticism of the election process, Putin remains popular in Russia, winning 88% of the vote in the March election. The West boycotted his swearing-in ceremony, but Russian officials dismissed this as insignificant. Putin’s allies praise him for bringing stability to Russia, and there is no clear successor to him.
North population estimate reaches 825,000
The population in the north could be as high as 825,000, according to calculations based on domestic waste production by the ‘mayor’ of Kyrenia, Murat Senkul.
Digital Services Taxes in Europe, 2024
The text discusses the implementation of Digital Services Taxes (DSTs) in Europe and the efforts to replace them with a new international tax system called Pillar One. The United States has responded to DSTs with retaliatory tariff threats, urging countries to abandon unilateral measures. About half of all European OECD countries have either announced, proposed, or implemented a DST, impacting mainly U.S. companies.
Cambodia says it will cut shipping through Vietnam by 70% with new China-funded Mekong canal
Cambodia plans to cut shipping through Vietnamese ports by 70% due to a .7 billion China-funded upgrade of a canal connecting the Mekong River basin to the Cambodian coast.