An 82-year-old man who was jailed for shooting a cable thief had his appeal for a suspended sentence rejected. The man’s lawyer is now awaiting the attorney-general’s position on the matter of a presidential pardon. The shooting took place in a Limassol village where the man shouted at the thief before firing a shot that hit him in the back.
President Biden is calling for Congress to repeal the 2017 tax cuts and increase corporate tax rates, arguing that the benefits primarily go to big corporations and the wealthy. However, data shows that the 2017 tax cuts and regulatory relief under the Trump administration led to significant increases in real median household income, with the lowest income quintile seeing a 9.4% rise in income in 2019. The poverty level also dropped at the fastest rate since 1966.
Foreign buyers account for four out of ten property sales in Cyprus in the first quarter of 2024.
Samsung Electronics and SK hynix did not pay corporate taxes last year due to operating losses caused by the semiconductor industry downturn.
– WTI fell below .00 per barrel before recovering above .00.
– US Purchasing Managers Index (PMI) figures were softer than expected.
– Crude oil markets are exposed to downside moves as geopolitical tensions ease.
– US GDP figures are expected to ease to 2.5% from the previous 3.4%.
– The PCE Price Index inflation data is forecast to hold steady at 0.3% MoM.
– WTI crossed .00 per barrel and rallied above the 200-hour EMA.
– Despite the rally, WTI is down around 4.5% from April’s swing highs near .00 per barrel.
The Ministry of Energy has announced a €17 million grant scheme for energy upgrading and boosting the competitiveness of large businesses, funded by the EU Recovery and Resilience Plan. €10 million comes from the new EU REPowerEU Plan. The maximum grant awarded to a large enterprise is €750,000. The application period starts on April 26, 2024, and ends on June 28, 2024. Interested parties can obtain more information from the Industry and Technology Service website.
The U.S. Justice Department reached a 8.7 million civil settlement with hundreds of victims of former USA Gymnastics doctor Larry Nassar, resolving claims that the FBI botched the initial investigation into Nassar.
Overall business activity in the eurozone expanded at its fastest pace in nearly a year, driven by a buoyant recovery in the service industry.
Fact: Waste from the production of aluminium, nickel, and other industrial materials offers the EU an opportunity to advance its recycling goals.
The battle for the lead between DISY and AKEL in the European elections is not just about impressions but also about substance. The outcome of the ballot on 9 June will have significant implications for the political landscape. Additionally, the result of the election is crucial for DIKO and its chairman, Nicolas Papadopoulos, who has a personal stake in maintaining the party’s numbers and his role as its regulator. ELAM’s performance remains unpredictable, while EDEK and DIPA are vying for the 5th place and hoping for any losses by larger parties to secure their presence in the European Parliament. The Ecologists are aiming for a strong showing, and the new party Volt is also a factor in this election. Furthermore, three Turkish Cypriots are standing as candidates for the first time, which could impact voter turnout.