Europe

Vatican diplomat in Nicosia argues for preserving faith in a changing world

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Vatican diplomat in Nicosia argues for preserving faith in a changing world

The Vatican and Cyprus have been strengthening their relations beyond just ecclesiastical cooperation. The consecration of an Apostolic Nuncio in Nicosia has further solidified their ties. The Vatican is actively engaged in promoting human dignity, peace, and supporting the local Church in Cyprus. The Vatican Embassy participates in a program that promotes interreligious dialogue in Cyprus. The Catholic Church has faced challenges, including addressing sexual abuse cases, and has made efforts to heal wounds and prevent new cases.

Currency markets are in a deep freeze. Rate cuts and Trump could thaw them

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Currency markets are in a deep freeze. Rate cuts and Trump could thaw them

Traders and investors are looking to global interest rate cuts and the closely-fought US election to bring the world’s currency markets out of their deepest lull in almost four years.

Demetriou: Cyprus was better when Disy were in charge

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Demetriou: Cyprus was better when Disy were in charge

– Cyprus “lived better days” when Disy were in charge
– Disy and New Democracy were born from the ashes of national difficulties
– Both parties stake their principles on healthy patriotism and faith in the EU and western civilization
– A strong Greece means a strong Cyprus
– Greek PM Mitsotakis opposes a two-state solution for Cyprus
– We are at a critical turning point in history
– European leaders must design a vision for the future while respecting the particularities of each state and people

Alien fever dreams fuel Peruvian grave robbings

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Alien fever dreams fuel Peruvian grave robbings

Leandro Rivera discovered a cave in Peru’s Nazca region containing pre-Hispanic artifacts, including human bodies with elongated heads and three fingers on each hand. Rivera was convicted of assault on public monuments for excavating the artifacts, which ended up in Mexico and sparked debates on UFOs. Peru is struggling to control the trafficking of archaeological items, which have become popular on the online black market during the COVID-19 pandemic. Despite efforts to repatriate stolen artifacts, demands from private collectors in the US and Europe persist. Authorities in Peru face challenges in preventing looted items from leaving the country and repatriating smuggled remains.

Cyprus considers raising retirement age, ending multiple pensions for officials

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Cyprus considers raising retirement age, ending multiple pensions for officials

Cyprus is debating pension reform, with a focus on modernizing the system and addressing sustainability concerns. Multiple pensions for government officials have emerged as a key point of contention, representing less than 10% of the strain on the system. The Ministry of Finance proposes raising the retirement age for government officials and parliamentarians to 65, aligning them with the general population. The International Labour Organisation is studying the Cypriot pension system and has highlighted the need for a balanced and sustainable system. Mercer analyzed 47 global pension systems, with European models performing the best. British Prime Minister Liz Truss sparked opposition for claiming a large annual pension after serving for only 44 days. Former UK Prime Ministers can claim the Public Duty Cost Allowance, but holders of the three great offices of state no longer receive a pension of half their last salary upon leaving office.

Migration tops agenda for Lebanon visit

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Migration tops agenda for Lebanon visit

President Nikos Christodoulides will lead a delegation to Lebanon to discuss the recent surge in migrant flows to Cyprus.

Tech news: Bloomberg launches corporate tax suite

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Tech news: Bloomberg launches corporate tax suite

– Neel Lee Chauhan was appointed chief product officer of IRIS Software Group.
– Christina Mautz joined Valid8 Financial as executive vice president for marketing.
– Brett Suchor took on an expanded role as executive vice president for strategic partnerships at Valid8 Financial.
– Dr. Max Bernt joined TaxBit as the managing director of Europe.
– Zach Nelson and Nancy Harris joined the board of directors at Acumatica.

Kyriakides emphasises , ‘My Health, My Right’ principle on World Health Day

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Kyriakides emphasises , ‘My Health, My Right’ principle on World Health Day

EU Commissioner for Health and Food Safety, Stella Kyriakides, stated that the European Health Union has been shaped by the core principle of “my health, my right,” which is also the theme of this year’s World Health Day.

Tax The Rich? They’ll Just Leave, Century Of Data Shows

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Tax The Rich? They'll Just Leave, Century Of Data Shows

Fact: When states raise their taxes, Americans making good money leave.

Starbucks paid £7.2m in UK corporation tax despite gross profit of £149m

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Starbucks paid £7.2m in UK corporation tax despite gross profit of £149m

Starbucks paid a low £7.2m in UK corporation tax last year despite making a gross profit of £149m on sales of £548m in Britain.