Businesses must innovate and adapt to the changing indirect tax landscape to stay competitive. Corporate tax departments are using technology increasingly as a strategic partner to address these issues. Insight on how indirect tax departments intend to use technology to transform their operations can be found in a recent study conducted by the Thomson Reuters … Read more
Loading…Loading…The International Monetary Fund (IMF) has raised a red flag on the potential of artificial intelligence (AI) to exacerbate inequality, urging governments to take measures to protect their economies.What Happened: The IMF expressed “profound concerns” about the possibility of significant labor disruptions and increased inequality as societies transition to generative AI, according to a report … Read more
The Central government is likely to announce India’s adoption of “Pillar-2” tax regime anchored by the Organisation for Economic Cooperation and Development (OECD) in the coming Budget, as part of the country’s efforts to support and benefit from the global system combating tax avoidance.The Finance Bill, 2024, passed after the interim Budget presentation, will be … Read more
Trading platform Robinhood Markets (HOOD.O) said on Thursday it has agreed to buy crypto exchange Bitstamp for about $200 million in cash, speeding up a broader push into digital assets with its biggest-ever deal.Robinhood, whose shares were up 3.4 per cent before the bell, has been looking to expand its product offerings to become a … Read more
A new AI-powered assistant called Placy has been launched in Cyprus, aiming to transform the real estate sector, according to an announcement released on Thursday. The announcement noted that this tool aims to simplify the traditionally complex property market, offering increased efficiency and insight for both professionals and clients. “Cyprus presents a unique opportunity for … Read more
A new app called Myth of Aphrodite was unveiled by the Paphos Regional Tourism Board (Etap). The app covers the history of the goddess Aphrodite, including both well-known and lesser-known aspects. Users can enjoy scenes from Aphrodite’s life through augmented reality technology at seven locations associated with the myth. The app offers users a choice of languages, audio guided tours, navigation tips, video content, and the ability to take photos with the goddess. Paphos has invested in new technologies and innovative practices to compete effectively in global tourism.
The Cyprus Chamber of Commerce & Industry (Keve) has completed the upgrade of its headquarters in Nicosia into a green building. The initiative aligns with the organization’s commitment to promoting sustainable practices among its members and contributing to a greener Cyprus.
The cost of buying houses or apartments in Cyprus has become a big issue, especially in recent years. The level of residential rents has increased by around 20% in the last 2 years. Various proposals have been made to alleviate the problem, including increasing area ratio, abolishing minimum areas, and creating low-cost units. Immediate measures are needed to address the housing crisis, such as tax reductions for landlords who rent out apartments and implementing summary eviction procedures. Colleges and universities could also play a role in providing housing for students. The Housing Finance Corporation and Land Development Agency may not be able to effectively address the issue.
Climate change is impacting the Canadian wine industry, with recent events like a cold snap in the Okanagan Valley causing significant damage to grapevines. The industry must adapt to changing environmental conditions by embracing new production methods, technologies, and sustainable farming practices. Policymakers should support the transition to a more sustainable future for the wine industry. Additionally, changing consumer trends, such as a decrease in wine consumption and a preference for quality over quantity, are also affecting the industry. Despite these challenges, there is hope that adaptation strategies and agritech innovation can help mitigate the impacts of climate change and lead to a more sustainable and innovative viticulture sector.
Gender Equality Commissioner Josie Christodoulou emphasized that gender equality is not a problem to be solved but rather the solution to existing inequality. She stated that empowering women strengthens both society and the economy, and highlighted that women face similar obstacles worldwide such as discrimination, sexism, violence, and inequalities. Christodoulou also mentioned that addressing gender equality is a horizontal priority for the Christodoulides government, and that integrating the gender dimension in public policies is crucial for promoting gender equality.