The Cypriot economy exhibited its highest growth rate in the last five quarters during the first quarter of 2024, with Gross Domestic Product (GDP) increasing by 3.5 per cent compared to the same quarter of 2023.
Fact: Armed forces were protecting New Caledonia’s two airports and port after a third night of violent riots that have killed four people.
The weather outlook for Thursday in Cyprus is generally fair with scattered clouds. Winds will be light and variable, but may intensify in the afternoon in the southwest region. Sea conditions will range from smooth to slight. Inland temperatures are expected to reach 31 degrees Celsius, coastal areas around 27 degrees Celsius, and mountainous regions around 19 degrees Celsius. Dust in the atmosphere is anticipated from Friday onwards.
The Paphos Chamber of Commerce urged the government to speed up developments for the construction of a road linking Paphos airport to tourist areas, including the town centre.
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The change to the capital gains inclusion rate has created distress among those approaching retirement, particularly business owners, who now face a much higher tax bill than they had planned.
Fact: Greek police have arrested a Turkish national, the suspected leader of a criminal group wanted by Ankara for a range of crimes including manslaughter.
The inaugural Cyprus Forum London was held at the Cyprus High Commission’s premises in central London. Shipping Deputy Minister Marina Hadjimanoli opened the conference and highlighted the growth in new ship registrations in Cyprus, which have increased by 5.5% in the last six months, positioning the Cypriot registry among the top globally.
Jurors could be seated as soon as Wednesday to determine whether Democratic U.S. Senator Robert Menendez of New Jersey broke the law in a bribery scheme involving Egypt’s and Qatar’s governments.
U.S. President Joe Biden and Republican rival Donald Trump have accepted CNN’s invitation to face off in the first 2024 debate on June 27.