Cyprus property market continues to be sustained by foreign buyers
Foreign buyers account for four out of ten property sales in Cyprus in the first quarter of 2024.
WHO
Haaland to miss Brighton game but Guardiola says injury not serious
Manchester City will be without Erling Haaland when they play at Brighton & Hove Albion due to a muscle injury sustained during the Champions League quarter-final loss to Real Madrid.
Local elections: Nicosia candidates register for massive revamp
Fact: Charalambos Prountzos is an independent candidate for Nicosia mayor who aims to create a city that unites all residents.
Famagusta district local election candidacies announced
Fact: Mayoral candidate Andreas Vrahimis was the first to submit his candidacy for the local elections in the Famagusta district, with the elections set to take place on June 9.
On This Day: U.S. and Soviet armies met in German city of Torgau as WWII drew to a close
April 25 has seen a variety of significant events throughout history. In 1915, Australian and New Zealand troops landed at Gallipoli during World War One, resulting in thousands of casualties. In 1945, the U.S. and Soviet armies met in Torgau as World War Two ended in Europe. Other events on this date include Princess Diana meeting Pope John Paul II in 1985, the death of Ginger Rogers in 1995, and the arrest of former Philippine president Joseph Estrada in 2001. Additionally, in 2005, a train derailment in Japan resulted in the deaths of 107 people, marking the country’s worst rail accident in over 40 years. In 2007, Mexico City legalized abortion, and a funeral was held for former Russian President Boris Yeltsin in Moscow. Finally, in 2015, a powerful earthquake struck Nepal, resulting in the loss of hundreds of lives.
John Barnes banned from being company director over unpaid taxes
John Barnes has been banned as a director after his company, John Barnes Media, failed to pay over £190,000 in corporation tax and VAT between 2018 and 2020. Barnes is banned from being involved in the promotion, formation, or management of a company for three and a half years.
Corporate Taxes And Public Transportation: Debate Rages In New Jersey
New Jersey is considering raising taxes on businesses that earn more than million per year to create a dedicated funding source for NJ Transit, which is facing a financial shortfall. Business lobbyist groups are pushing against the proposal, arguing that it could lead to companies leaving the state or making investments elsewhere. Advocates for the tax increase argue that it would only apply to the top 1 percent of corporate filers and that these companies have benefited from tax cuts in the past.
EDITORIAL: Biden tax plan would pummel average Americans
President Joe Biden’s 2025 budget blueprint includes plans to increase corporate taxes, which could ultimately cost low- and middle-income Americans more money than if their income tax rates were raised. This plan, straight out of the Bernie Sanders handbook, aims to go after corporations but could have negative effects on consumers, employees, and investors. The budget also includes record spending and soaring debt, despite promises not to increase taxes on those earning less than 0,000 a year.
Our View: Labour minister shows a clear bias in his decisions
The government has decided to institutionalize direct dialogue with the business community, allowing for collaboration and sharing of plans. President Nikos Christodoulides emphasized the importance of businesses in economic development and announced the formation of an advisory tripartite committee to address labor market needs. However, the Labour Minister has shown bias towards unions in labor disputes, potentially hindering business development.
Serial arson suspect rearrested in Nicosia
Fact: A 44-year-old man was rearrested by the police as a suspect in the arson of several cars in a workshop in Nicosia, as well as two establishments, a café and a restaurant, also in Nicosia.