summer

BoE in focus, gold and oil struggle

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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.

‘Wealth tax could send billionaires from India to Dubai, impractical’: economist

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‘Wealth tax could send billionaires from India to Dubai, impractical’: economist

Gautam Sen cautioned against the implementation of a wealth tax in India, warning that it could lead to wealthy individuals relocating their businesses to tax-friendly destinations like Dubai.

Murray to make return from injury at Geneva Open

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Murray to make return from injury at Geneva Open

Andy Murray will make his comeback from injury at the Geneva Open after being given a wildcard by the organizers. Murray, who turns 37 this month, injured his ankle in March and opted not to undergo surgery. He plans to compete at the French Open and hopes to play at another Olympics. Murray has not played at the French Open since 2020.

Summer of sport to help revive global beer sales

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Summer of sport to help revive global beer sales

Global brewers are expected to see an increase in beer sales this year, with factors like sports events, slower inflation, and weather patterns contributing to the growth. Heineken and Carlsberg have already reported higher volumes after a period of decline, while Anheuser-Busch InBev’s sales were impacted by a boycott but are expected to improve. Price increases have been the main driver of revenue growth in recent years, but with cost increases easing, volume growth is expected to become a more significant revenue driver. This shift is also expected to help improve margins for brewers.

Tennis-Murray to make return from injury at Geneva Open

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Tennis-Murray to make return from injury at Geneva Open

Andy Murray, the former world number one, will be making his comeback from injury at the Geneva Open this month after receiving a wildcard. Murray, who is 37 years old, suffered an ankle injury during a match in March but opted not to have surgery. He plans to compete in the Geneva Open and hopes to play at the French Open and another Olympics. Murray has not played in the French Open since 2020 and Wimbledon, where he has won twice, starts on July 1.

Cyprus boosts firefighting fleet with Jordanian helicopters

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Cyprus boosts firefighting fleet with Jordanian helicopters

Cyprus currently has up to eight airborne firefighting means at its disposal, including two helicopters from Jordan.

San Francisco’s plan to break the doom loop? Fix business taxes

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San Francisco’s plan to break the doom loop? Fix business taxes

A proposal to reform San Francisco’s business tax formula is being considered for approval by voters in November. The proposal would modify the gross receipts tax to focus on a company’s sales instead of its on-site headcount, potentially leading to tax cuts for small businesses and making it more attractive for large companies to keep their workers in the city. The plan is expected to be revenue neutral over time, with initial declines in business tax revenue before increases in the following years. The proposal would also raise the threshold for exemption from gross receipts taxes for small businesses. The effort to reform the tax structure has gathered momentum over the past year and has involved major San Francisco employers, labor unions, and other stakeholders in negotiations. Labor unions are not expected to actively oppose the measure’s passage.

India, ’s Modi casts vote as giant election reaches halfway mark

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India, ’s Modi casts vote as giant election reaches halfway mark

Prime Minister Narendra Modi voted early in India’s general election, seeking a third straight term. The election began on April 19 and will be held in seven phases, with nearly one billion people eligible to vote. Modi urged citizens to participate in the “festival of democracy” while taking care of their health due to rising summer temperatures.

Gasoline demand growth to slow this year on EV growth

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Gasoline demand growth to slow this year on EV growth

Global petrol demand growth is expected to halve in 2024 due to a shift to electric cars in China and the United States, as well as a return to normal consumption levels after the COVID-19 pandemic.

Helicopters and firefighters arrive from Jordan

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Helicopters and firefighters arrive from Jordan

Two firefighting helicopters and 18 crew members arrived in Cyprus from Jordan to boost firefighting capabilities ahead of the summer. The crews will be “operationally ready” within 24 hours and there will always be at least one crew on standby with a response time of 30 minutes. Ground-level firefighting crews have been at full operational readiness since April 1.