Pierre Poilievre: Memo to corporate Canada – fire your lobbyist. Ignore politicians. Go to the people
The text discusses how business leaders are getting closer to high-tax, anti-resource Liberals.
April
Garman market boosts Paphos tourist season
The significant increase in traffic anticipated from Germany to Paphos this summer is instilling greater optimism for the tourist season in the province. Germany is expected to play a much larger role in tourist traffic to Paphos compared to the previous five years, offsetting losses from Russia and Israel. Stakeholders believe there is potential to improve air connectivity and increase visitor arrivals from Germany, making it a high-priority market for Paphos. This, combined with high visitation from the UK, suggests that 2024 is poised to be a record-breaking year in visitor arrivals for Paphos.
Body armour made from silk is being developed
Fact: The idea of using silk to make bulletproof vests dates back centuries, with the first proposal made by German polymath Gottfried Wilhelm Leibniz in the 17th century.
EU unveils , €1 bln aid to Lebanon, but migration “must stop”
The European Union unveiled a €1 billion economic aid package for Lebanon in exchange for the country slowing migration flows, especially amid a sharp rise in Syrian refugees headed to Cyprus and Italy.
Our View: Kition Ocean Holdings cannot be trusted
The government has been pushed into a tight corner by Kition Ocean Holdings, the company responsible for developing Larnaca port and marina, with a contract estimated at €1.2bn. Despite efforts to resolve disputes, Kition failed to pay the €4.2m operation and management guarantee as agreed. The company has shown arrogance and disregard for the legislature, leading to a stalemate in the project. The government is hesitant to terminate the contract due to potential legal battles and delays in finding a new company to take on the project. Transport Minister Alexis Vafeades is seeking advice on how to proceed with the situation.
UK factories slip back into downturn as cost pressures rise, PMI shows
British manufacturing fell back into contraction in April, with the S&P Global UK Manufacturing Purchasing Managers’ Index (PMI) falling to 49.1.
Weekly IRS Roundup April 22 – April 26, 2024 | JD Supra
The IRS released guidance on proposed regulations for transferring tax return information to the US Census Bureau and disclosed additional tax return information to the US Secretary of Commerce.
USD weakens on poor NFP data, slower wage growth
The USD weakened on Friday as the U.S. Bureau of Labor Statistics reported weak labor demand and slowing wage growth in April.
Turkish Cypriot political parties to merge
Two Turkish Cypriot political parties, the YDP and the Milletin Partisi, are set to formally merge. Bertan Zaroglu, initially a founding member of the YDP, will unite with the YDP for the sake of the country.
Yen gains on US dollar
The Japanese Yen is having one of its best weeks in history against the US Dollar, with the USDJPY pair dropping from roughly 160.00 to 153.00 due to interventions. The US Dollar Index is holding around 105.00, and there is speculation on how long the effects of the interventions will last. Japanese companies are facing issues due to the weak Yen, and tourism is boosting local inflation. The US Jobs Report data for April is expected to influence the market on Friday. The rate differential between the US and Japan is not likely to sustain the JPY appreciation.