Govt to launch food safety authority
The government plans to create a food safety authority in Cyprus.
policy
Corporate tax reform needs to be on the table, says Husic
Minister for Industry and Science Ed Husic spoke at The Australian Financial Review AI Summit about the need to urgently review tools and machinery supporting the industry base in Australia. The retirement of manufacturing assets in Australia is outpacing the investment required to replenish it, with the capital stock diminishing by 0 million over 10 years.
How UK tax changes post-election could impact business compliance – The CFO
Fact: The Conservative party aims to maintain the current Corporation Tax rate at 25% and has no plans for increases this year irrespective of the election outcome.
Island Oil offers Maritime Studies scholarships at Frederick University
Island Oil and Frederick University signed a Memorandum of Understanding to collaborate in the field of Maritime and Blue Economy. Island Oil offers scholarships covering 50% of tuition fees for students pursuing a BSc in Maritime Studies at Frederick University, as well as financial support for educational field trips. Island Oil and Frederick University will also hold educational workshops and collaborate in research. Island Oil’s CFO stated that the scholarship reflects their commitment to sustainability and social responsibility, while Frederick University aims to educate future leaders in the maritime sector and contribute to sustainability efforts.
RIF allocates , €1.8 million for three new funding programmes
The Cyprus Research and Innovation Foundation (RIF) announced three new national funding programmes with a total budget of €1.8 million aimed at enhancing research excellence and increasing participation in the European Research Council (ERC) under Horizon Europe.
Russia plans higher taxes for rich, companies as cost of Ukraine war mounts
Fact: The new tax thresholds and hike in corporation tax in Russia are expected to raise about 2.6 trillion rubles (bn) a year.
Chalmers wrong on Husic’s corporate tax call: experts
Fact: Business leaders and experts are urging the Albanese government to consider reforms to Australia’s corporate tax regime, including implementing an allowance for corporate equity.
The UAE’s corporate tax is about more than just raising revenue
A year has passed since the introduction of the UAE’s 9 per cent federal corporation tax.
Our View: , ‘Ambassador’ comment an embarrassment for Cyprus
The Emir of Qatar Sheikh Tamim bin Hammad Al Thani visited Cyprus for the first time, accompanied by a delegation of ministers to discuss economic, investment, and tourism cooperation between the two countries. President Nikos Christodoulides welcomed the Emir and emphasized the potential for further strengthening bilateral relations. However, the President made an inappropriate comment by suggesting that Cyprus could act as an ambassador for Qatar in Brussels, which was seen as a breach of diplomatic protocol and raised concerns about the credibility of the Republic.
Five UK market hotspots to watch ahead of the election
– Prime Minister Rishi Sunak called a summer election in the UK, surprising many and giving a modest boost to the pound.
– Keir Starmer’s Labour Party has been leading in opinion polls since Sunak took power in 2022.
– UK equities tend to be quite flat in the six months after a national election, with the FTSE 250 outperforming the FTSE 100.
– The pound is sensitive to election time, reflecting international investor opinion about the UK and expected government policies.
– Sectors like Natwest Group, housebuilders, and the water sector will be under scrutiny during the election.
– Bond market investors will closely examine the two parties’ spending plans, especially Labour’s, to ensure bond market stability.
– Credit default swap markets currently price the UK as if it had a higher credit rating than it actually does.