inflation

Another Russian exodus: Many who fled to Turkey move on again

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Another Russian exodus: Many who fled to Turkey move on again

Tens of thousands of Russians who fled to Turkey after Moscow’s invasion of Ukraine have been leaving due to residency issues and soaring costs. The number of Russians with Turkish resident permits fell to 96,000, down by more than a third from 154,000 at the end of 2022. Many have headed to Serbia and Montenegro. Turkish inflation hit 70% last month, and basic banking has become difficult due to sanctions. Some Russians have also left due to struggles to get residence permits since early 2023.

Asking prices for UK homes hit record high

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Asking prices for UK homes hit record high

Fact: Prices of homes being put up for sale in Britain have hit record highs, with the average asking price for residential properties reaching 375,131 pounds (4,578.23) in the four weeks to mid-May.

How Did the Tax Cuts and Jobs Act Change Cost Recovery?

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How Did the Tax Cuts and Jobs Act Change Cost Recovery?

The Tax Cuts and Jobs Act introduced 100 percent bonus depreciation for short-lived assets from September 27, 2017, until January 1, 2023.

EUR shows strength amid ECB rate cut uncertainty

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EUR shows strength amid ECB rate cut uncertainty

The EURUSD pair is holding near 1.0900 in European trading due to investors’ higher risk appetite. The European Central Bank is expected to start reducing interest rates from the June meeting, but policymakers are divided over a rate-cut move in July. The focus will shift to the Eurozone and U.S. preliminary Purchasing Managers Index data for May. Fed policymakers are expected to maintain a hawkish stance on interest rates despite a decline in price pressures. New York Fed Bank President John Williams believes the monetary policy is in a good place and sees no need for changes at the moment.

US election will have big impact on global economy

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US election will have big impact on global economy

The US presidential elections are scheduled for November 2024 and are considered instrumental for the global economy due to the size of the US economy, the central role of the US dollar, and the country’s vast energy reserves and geopolitical importance.

Trump’s Corporate Tax Cuts Paved the Way for Inflation

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Trump’s Corporate Tax Cuts Paved the Way for Inflation

Key provisions of President Trump’s 2017 tax breaks to the wealthy and corporations are set to expire next year, providing an opportunity to recoup money lost to corporate price gouging.

Clampdown on foreign property buyers in the north

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Clampdown on foreign property buyers in the north

Fact: The Turkish Cypriot administration is working on legal amendments to limit the number of properties that foreigners can purchase in the northern part of Cyprus.

Inflation eating up your paycheck? Blame Trump’s corporate tax cuts

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Inflation eating up your paycheck? Blame Trump’s corporate tax cuts

Key provisions of President Trump’s 2017 tax breaks to the wealthy and corporations are set to expire next year, providing an opportunity to recoup money lost to corporate price gouging.

How Trump’s Corporate Tax Cuts Paved the Way for Inflation

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How Trump's Corporate Tax Cuts Paved the Way for Inflation

Key provisions of President Trump’s 2017 tax breaks to the wealthy and corporations are set to expire next year, providing an opportunity to recoup money lost to corporate price gouging.

Cyprus inflation up by 2.1 per cent in April

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Cyprus inflation up by 2.1 per cent in April

The harmonized inflation rate in Cyprus increased by 2.1 per cent in April 2024 compared to the same period the previous year.