UN envoy expresses hope for Cyprus resolution
The fact described in the text is that the monument ‘In The Service of Peace’ in Cyprus honors 150,000 uniformed personnel who have served in Cyprus, 187 of whom have died there.
WHO
Farmers and , ‘govt’ in north refuse to back down over imported meat
The ‘government’ in the north of Cyprus is determined to import meat from abroad, with the first shipment arriving from the Netherlands. The imported meat will be stored at -18 degrees Celsius and sold in supermarkets. Despite a meeting with ‘ministers’ and union leaders, no agreement was reached, and protests by the union will continue. The government also plans to import meat from Spain, and opposition party CTP ‘MP’ Teberruken Ulucay questioned why meat could not be imported from the Republic of Cyprus where European Union standards are enforced.
Kition tells govt to , ‘respect obligations’ to port workers
Port operator Kition Ocean Holdings hopes the government does not deviate from its obligations to the workers at the Larnaca port. The government terminated the agreement and ordered Kition to vacate the premises immediately, causing disturbance to the workers. The law stipulates that when ownership of a business is transferred, employees are automatically transferred to the new entity and their rights are also automatically transferred. The government has given assurances that the workers will not be made victims and that a formula will be found to continue their work, but the law mandates that the transfer of employment is automatic and must include all employees.
The UAE’s corporate tax is about more than just raising revenue
A year has passed since the introduction of the UAE’s 9 per cent federal corporation tax.
Our View: , ‘Ambassador’ comment an embarrassment for Cyprus
The Emir of Qatar Sheikh Tamim bin Hammad Al Thani visited Cyprus for the first time, accompanied by a delegation of ministers to discuss economic, investment, and tourism cooperation between the two countries. President Nikos Christodoulides welcomed the Emir and emphasized the potential for further strengthening bilateral relations. However, the President made an inappropriate comment by suggesting that Cyprus could act as an ambassador for Qatar in Brussels, which was seen as a breach of diplomatic protocol and raised concerns about the credibility of the Republic.
From Akamas to vultures, a simple public warning
The need for civil society organizations to act as environmental watchdogs remains urgent, as recent revelations have shown violations of environmental conditions in the Akamas area. The scandal involved roadworks that ignored environmental conditions, and the Forestry Department was supposed to oversee the project. The Water Development Department had warned about violations a year before environmental NGOs raised the alarm. Additionally, efforts are being made to protect Griffon vultures from extinction, with poison baits and power line collisions being major threats. Despite efforts to persuade the Electricity Authority to make infrastructure safer, losses of vultures and eagles continue due to collisions and electrocutions.
Five UK market hotspots to watch ahead of the election
– Prime Minister Rishi Sunak called a summer election in the UK, surprising many and giving a modest boost to the pound.
– Keir Starmer’s Labour Party has been leading in opinion polls since Sunak took power in 2022.
– UK equities tend to be quite flat in the six months after a national election, with the FTSE 250 outperforming the FTSE 100.
– The pound is sensitive to election time, reflecting international investor opinion about the UK and expected government policies.
– Sectors like Natwest Group, housebuilders, and the water sector will be under scrutiny during the election.
– Bond market investors will closely examine the two parties’ spending plans, especially Labour’s, to ensure bond market stability.
– Credit default swap markets currently price the UK as if it had a higher credit rating than it actually does.
On This Day: Thirty-nine fans crushed to death in Heysel disaster, in 1939
On May 29, 1953, New Zealander Edmund Hillary and Sherpa Tensing Norgay became the first men to reach the summit of Mount Everest.
Top 7.7% of earners now paying more than half all income tax and USC, report finds
The top 7.7 per cent of earners in Ireland accounted for more than 54 per cent of the income tax paid to the State in 2021, according to a new report by the Parliamentary Budget Office (PBO).