Royal Caribbean Group raised its annual profit forecast for a second time and beat expectations for first-quarter profit and revenue. The company now expects annual adjusted profit between .70 and .90 per share, compared with its earlier forecast of .90 to .10.
Google announced a billion investment to set up a data centre campus in Indiana and expand sites in Virginia.
The Audit Office has requested a revised site allocation study for proposed marine farm facilities in the Moni-Vassiliko area due to the area’s significance for the Mediterranean monk seal. Plans to develop aquaculture facilities in the environmentally sensitive area are facing scrutiny, with a project tender issued for €34 million. The Audit Office recommends updating the National Action Plan for Monk Seal Conservation and ensuring public access to relevant assessments. Delays in project implementation could risk losing funding. The Audit Office criticizes the lack of detail in alternative locations considered in a previous study and recommends a revised study to address the gap. The Department of Environment’s pre-screening report for the Environmental Impact Assessment is criticized for not adequately considering the importance of the area for the Mediterranean monk seal. The proposed project aims to serve seven of the nine existing marine aquaculture farms in Cyprus, providing necessary support infrastructure.
A spike in power usage from artificial intelligence (AI) data centers could significantly boost natural gas demand in the second half of the decade, with as much as 8.5 billion cubic feet per day of natural gas required additionally to match the rise in demand.
Microsoft is closing the gap on cloud-computing market leader Amazon.com with its generative AI features powered by OpenAI’s technology.
The international tax landscape is undergoing a major transformation, with the introduction of a global minimum tax rate of 15 percent for multinational enterprises (MNEs) by member jurisdictions of the Inclusive Framework on Base Erosion and Profit Shifting (BEPS) in 2020. This aims to ensure that MNEs pay a minimum level of tax on their profits in countries where they operate, reducing the impact of preferential tax regimes and tax competition between countries.
– Solana (SOL) has been facing bearish pressure for the past few weeks.
– InQubeta (QUBE) has raised over .6 million in funding and is considered a rival for leading altcoins like Bittensor (TAO).
– InQubeta allows AI startups to crowdfund projects through NFT-based investment models using the QUBE token.
– Binance has announced new trading pairs for Bittensor’s native token TAO.
– FTX will be releasing locked Solana tokens via an auction, which could give Solana a boost.
– Solana, InQubeta, and Bittensor are considered the best crypto investments of the year in the DeFi sector.
By end-February 2024, the government had accumulated cash deposits of over €3.5 billion at the Central Bank and €2.1 billion at commercial banks.
President Biden and Senator Bernie Sanders are advocating for raising the corporate tax rate to help working families, but economic research shows that this would actually harm working people. Studies have shown that a higher corporate tax rate leads to lower wages, higher prices, and reduced retirement savings for everyday Americans. The 2017 tax cuts resulted in benefits for working people, including lower unemployment rates and increased wages. Increasing the corporate tax rate would also lead to higher taxes on pensions and retirement savings for many Americans. Experts agree that raising the corporate tax rate is the most economically harmful tax increase, hurting investment, growth, productivity, workers, consumers, and savers.
The Competition and Markets Authority in Britain is seeking comments on AI partnerships between Microsoft and Mistral AI, as well as between Amazon and Anthropic.