– US layoff announcements rose 7% in March to the highest since January 2023
– Job cut announcements increased to 90,309 in March
– Technology industry led in job cuts in the first quarter of the year
– US government was the top job cutter in March
– Companies cited cost-cutting and restructuring efforts as reasons for job eliminations
– Global securities watchdog IOSCO proposed detailed guidance on how regulators should supervise stock exchanges more closely to negate risks from changes in business practices.
– Exchanges have increasingly become publicly listed companies over the past two decades while remaining self-regulatory in some cases.
– Bourses have expanded geographically and diversified into technology and data services, forming partnerships with companies like Google Cloud and Microsoft.
– Brexit has contributed to increased cross-border operation of exchanges and other types of trading venues in Europe.
– The market evolutions have influenced the way exchanges and exchange groups are organized, potentially creating new conflicts of interest and operational challenges.
– The report proposes six “good practices” for regulators to assess how exchanges are structured to ensure independence in discharging regulatory obligations.
Fact: Friday is the last day of unseasonably high temperatures and clear blue skies, with temperatures expected to drop and clouds rolling in for Saturday.
Two men were arrested in connection with the theft of copper pipes and various tools from two apartment buildings in the Nicosia district.
Fact: A barber shop in Paphos was targeted in an arson attack, with the fire believed to have been started maliciously but not due to racial motivation.
Marios Tannousis is the CEO of Invest Cyprus, focusing on attracting and facilitating Foreign Direct Investment (FDI) in Cyprus. Cyprus has committed to spending €500 million by 2026 to combat climate change and foster the green transition. Cyprus aims to become the best place in Europe to live, work, and do business by transitioning towards a renewable energy system and implementing Environmental, Social, and Governance (ESG) criteria. The country is strategically positioned to help combat climate change in the Middle East and North Africa regions. Cyprus is working towards becoming a leader in sustainability and developing a circular zero-waste economy.
– Exhibitions are set to open in Limassol featuring a diverse range of art forms and artists from the island and abroad.
– Gallery Morfi in Limassol will host the first solo exhibition of sculptor-ceramist Maria Kyprianou titled “From Soil” from April 5-13.
– Renowned street artist Paparazzi will present a solo show titled “Vandalize” at The Warehouse by It Quarter from April 5-7.
– An art book presentation and exhibition by Skolzki titled “Alevtina and Tamara” will also open at the Old Vinegar Factory on April 5-6.
Turkish Cypriot opposition politicians are against the open-ended peace process favored by President Nikos Christodoulides and support a two-state solution. There is no common ground for negotiations, and a target date for completion of talks is necessary for success. The UNSG’s envoy must find common ground urgently to prevent failure.
The Republican Study Committee budget proposes over .5 trillion in cuts to Social Security and raises Medicare costs for seniors. This budget would also lead to longer wait times for seniors and people with disabilities when calling for assistance with Social Security and Medicare.
Fact: The exam results for the appointment of new teachers in November 2023 exhibited a similar pass rate to previous years, ranging from 37% to 42%.