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Biden White House highlights a coming showdown with GOP over 2017 tax cuts that are due to expire

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Biden White House highlights a coming showdown with GOP over 2017 tax cuts that are due to expire

The winner of November’s presidential election will face a challenge with the expiration of nearly trillion in tax cuts next year. Biden’s White House is highlighting the issue and emphasizing differences with Republicans over taxes. Biden wants to raise taxes on corporations and the ultra-wealthy to support the middle class. Trump argues that tax increases would harm the economy. The 2017 tax cuts failed to deliver the promised growth. Biden wants to extend middle-class tax cuts while raising taxes on profitable companies and the richest Americans. Trump believes growth comes from choices made by companies and wealthy investors, while Biden believes it comes from spending and saving by middle-class households. Extending all of Trump’s tax cuts would add .6 trillion to budget deficits through 2034. Biden’s plan does not include the cost of extending tax cuts for those making under 0,000. Republicans may need to consider spending cuts to address the higher debt load from extending tax cuts.

Timur Turlov discusses Cyprus operations: Freedom24, ’s key to European market

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Timur Turlov discusses Cyprus operations: Freedom24, ’s key to European market

Fact: Freedom Holding Corp. is planning to obtain banking licenses in Cyprus as part of its strategic priorities.

The ordeal of little Konstantinos in the state of irresponsibility

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The ordeal of little Konstantinos in the state of irresponsibility

Konstantinos-Efraim, a 10-month-old boy in Cyprus, is fighting for his life due to a rare condition called spinal muscular atrophy type 1. Despite his urgent need for a home nurse, the government and authorities have been unresponsive and ineffective for four months. The boy’s father publicly shared their ordeal, highlighting the lack of action and responsibility from the government. The family faces financial struggles and challenges in accessing specialized nursing care. The government’s failure to implement early detection tests for such conditions is also criticized.

Holiday rentals and sales surge in Cyprus

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Holiday rentals and sales surge in Cyprus

Holiday home selling prices and rents on the island are currently at their highest point in the last eight years, with Limassol experiencing the most significant increases. Rental prices for holiday homes in Larnaca have risen by 74% since 2016, while selling prices in Limassol remain the highest, exceeding €4,000 per square meter. Additionally, Paphos has seen a 15% increase in holiday home prices compared to 2019, offering potential investment opportunities.

Microsoft readies new AI model to compete with Google, OpenAI, The Information reports

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Microsoft readies new AI model to compete with Google, OpenAI, The Information reports

Microsoft is developing a new, in-house AI language model called MAI-1 to compete with Google and OpenAI. The model is overseen by Mustafa Suleyman and will be larger and more expensive than previous models. Servers with Nvidia GPUs are being used to improve the model.

Oil prices under pressure due to slower economies

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Oil prices under pressure due to slower economies

Oil prices are trading down due to disappointing economic data and a rise in US crude oil inventories.

800 kg meat seized ahead of Easter

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800 kg meat seized ahead of Easter

Authorities seized 800 kg of meat products from the market ahead of Easter, not for health reasons but mostly for labeling issues. Meat prices are up compared to last year, with lamb and kid meat being 10% more expensive. Chicken prices have dropped by 3 to 4%. Meat consumption during Easter typically amounts to 800,000 kg, with 40,000 animals slaughtered.

Letter to Legislature: More than 40 chambers come together to oppose numerous new business taxes | ROI-NJ

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Letter to Legislature: More than 40 chambers come together to oppose numerous new business taxes | ROI-NJ

The business community in New Jersey is upset with Gov. Phil Murphy’s proposed Fiscal Year 2025 budget, which includes a Corporate Transit Fee, a “Buck-a-Truck” proposal, and cuts to various economic development agencies. The Chamber Alliance, representing a significant percentage of state employers, sent a letter to legislators expressing serious opposition to these measures. They believe the proposed budget would damage the state’s business climate, corporate recruiting efforts, and jeopardize good-paying jobs.

Walmart to shut all health clinics in US over lack of profitability

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Walmart to shut all health clinics in US over lack of profitability

Walmart is closing all 51 of its health clinics and shutting its virtual health care operations due to lack of profitability and unsustainable business model.

Musk disbands Tesla EV charging team, leaving customers in the dark

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Musk disbands Tesla EV charging team, leaving customers in the dark

Elon Musk made an abrupt decision to lay off employees who ran Tesla’s electric vehicle charging business, leaving automakers uncertain about the future of the Tesla Supercharger network.