Road safety top of north, ’s agenda after Greek Cypriot death
Fact: Greek Cypriot Photis Photiou died in a road accident in the north, and his wife was injured in the crash.
policy
Hard right wants more EU power to reflect likely election gains
French right-wing lawmaker Jean-Paul Garraud expects nationalist and eurosceptic parties to gain influence in the upcoming EU assembly election. Polls predict radical right parties will increase their seats across the EU, including France, Germany, and Italy. Garraud anticipates far-right parties could have positions in committees or even hold key roles in the European Parliament, allowing them to influence policies related to green initiatives, free trade, and immigration. The rise of radical right parties is fueled by a growing gap between mainstream parties and distrustful voters, as well as concerns over issues such as the cost of living, illegal migration, and changing geopolitical dynamics. Critics warn that the influence of the hard right could weaken Europe and potentially lead to closer ties with China and Russia.
Manitowoc letter-writer calls for supporting Corporate Tax Dodging Prevention Act
The text is a letter to the editor of the Herald Times Reporter advocating for support of the Corporate Tax Dodging Prevention Act introduced by U.S. Sen. Bernie Sanders and U.S. Rep. Jan Schakowsky. The act aims to close loopholes and ensure large profitable corporations pay their fair share in taxes, raising over .3 trillion over 10 years for investment in working families and communities.
Facts & Figures 2024: How Does Your State Compare?
Fact: At least 32 notable tax policy changes recently took effect across 18 states, including alterations to income taxes, payroll taxes, sales and use taxes, property taxes, and excise taxes.
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.
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.
Cyprus wants better plan from Chevron for offshore gas field
Cyprus has given Chevron-led consortium six months to make improvements to their plans for extracting gas from an offshore field. The consortium, which includes partners from Israel and Shell, had submitted a new field development proposal that Cyprus believes needs enhancements. The Aphrodite field, discovered in 2011, holds an estimated 3.5 trillion cubic feet of gas. Chevron values its relationship with Cyprus and stakeholders and is committed to progressing the project.
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.
Three major amendments to new Company Law in taxation
The new Company Law revision introduces a horizontal corporate personality denial system, holding shareholders accountable for the actions of other controlled companies. This will impact tax treatment for companies engaging in related-party transactions to evade taxes.
Ukraine may have talks eventually with Russia, intelligence officer says
Ukraine will eventually need to enter into talks with Russia to end their more than two-year-old war, according to Major-General Vadym Skibitsky. Both sides are preparing for potential negotiations, with the earliest possible start in the second half of 2025. Ukraine is planning a peace summit in Switzerland in June, with the goal of uniting countries before potentially including Russia in talks. Russian President Putin believes Ukraine is blocking a settlement, while Ukrainian President Zelenskiy sees the June meeting as a chance to begin restoring peace.