April

Biden faces a tough balancing act as campus protests over Gaza escalate

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Biden faces a tough balancing act as campus protests over Gaza escalate

Biden is facing criticism from both left and right factions for his Israel policy, as campus protests against the war in Gaza escalate. Despite concerns that the protests could impact his chances in the upcoming election, the White House has focused on rolling out youth-friendly policies, such as student loan relief and marijuana reform. Republicans have used the protests to criticize Democrats, while some warn that young voters may desert Biden over his stance on Israel.

New round of coastal flats, villas for sale from Altamira

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New round of coastal flats, villas for sale from Altamira

Altamira Real Estate has launched a new campaign featuring 28 apartments and villas in coastal tourist areas in Cyprus. The properties are ready for delivery, renovated, and offered at affordable prices. The campaign will run for two weeks, with bids opening on May 14, 2024. Interested parties can visit altamirarealestate.com.cy for more information.

Man steals car at knifepoint in Limassol

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Man steals car at knifepoint in Limassol

Fact: A 30-year-old man was arrested for physically assaulting a 46-year-old woman in Limassol.

Cyprus consumer price index rises to 2.4 per cent in April

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Cyprus consumer price index rises to 2.4 per cent in April

In April 2024, inflation in Cyprus reached its highest level since October 2023, with the Consumer Price Index rising to 2.4 per cent. This increase was mainly driven by the expiration of subsidies on motor fuel and heating oil, leading to higher prices for oil products.

Fed expected to refrain from further rate hikes

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Fed expected to refrain from further rate hikes

The EURUSD pair is gaining ground due to positive market sentiment and dovish remarks from Federal Reserve Chairman Jerome Powell. Powell dismissed the likelihood of a further interest rate hike and mentioned that progress on inflation has stalled. Traders are awaiting US economic data releases, while the Eurozone may struggle due to a more dovish stance from the European Central Bank. Eurozone inflation held steady in April, with bets for a potential interest rate cut by the ECB in June.

Greek comedian Katerina Vrana to speak at Leventis Gallery

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Greek comedian Katerina Vrana to speak at Leventis Gallery

Fact: Comedian Katerina Vrana will give a presentation titled ‘Fitting In’ regarding access to art at the A.G. Leventis Gallery in Nicosia on May 15 as part of the 1,2,3…Paint exhibition.

Cyprus rejects Chevron proposal for Aphrodite gas field

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Cyprus rejects Chevron proposal for Aphrodite gas field

Cyprus has rejected the new proposal by consortium Chevron, NewMed Energy, and BG Cyprus (Shell) to develop the ‘Aphrodite’ natural gas field in block 12 of the exclusive economic zone (EEZ). The government deemed the proposal inadequate and requested the consortium to state its consent within six months on specific actions aiming to develop the gas field.

In Budget balancing act, what business wants to see

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In Budget balancing act, what business wants to see

Fact: Business wants to see this year’s Budget focus on tax relief, reducing red tape, and support for upskilling.

Georgia Implements Structurally Sound Tax Changes

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Georgia Implements Structurally Sound Tax Changes

Georgia Governor Brian Kemp signed bills into law that lower the flat individual income tax rate and align the corporate income tax rate with the individual income tax rate.

Canada’s capital-gains tax change continues decades-old debate over economic growth and tax fairness

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Canada’s capital-gains tax change continues decades-old debate over economic growth and tax fairness

The fact described in the text is that Finance Minister Chrystia Freeland announced an increase in the capital-gains inclusion rate to 66 per cent for corporations and trusts, and for individuals on gains above 0,000, in order to raise nearly billion over five years to pay for housing initiatives.