The US Dollar is holding steady early Wednesday, as investors gear up for key macroeconomic events that could significantly impact the currency’s valuation. The Bureau of Labor Statistic will release the Consumer Price Index data for May in early U.S. trading. Later in the day, the Federal Reserve will announce monetary policy decisions and publish … Read more
What are common nootropics and what effect will they have? By Nenad Naumovski, Amanda Bulman and Andrew McKuneHumans have long been searching for a “magic elixir” to make us smarter, and improve our focus and memory. This includes traditional Chinese medicine used thousands of years ago to improve cognitive function. Now we have nootropics, also … Read more
WASHINGTON — On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America.The Democrat tells voters that companies should pay more in taxes and he blames many businesses for fueling higher prices by stoking “greedflation” and “shrinkflation.”But for the past several months, top Biden administration officials have also stepped up … Read more
KARACHI: Approximately 210 multinational companies (MNCs) in Pakistan operating in sectors like tobacco, oil, auto, pharmaceuticals, banking and others contribute a third of the total tax collection and make a major contribution to the national exchequer. They also reinvest in their respective units or inject capital into some new ones. Moreover, they make investments of … Read more
Cyprus recorded the hottest June in 23 years, with inland temperatures reaching an infernal 43.6 degrees Celsius on Wednesday, and expected to rise further to a record 44C on Thursday. The Met Office issued an Orange Alert saying that maximum temperatures on Thursday are expected to reach around 43-44 degrees Celsius over the central plain … Read more
Lowering corporate taxes and royalties for companies extracting minerals needed for cleaner technologies would spur investment and enrich public coffers, the world’s largest mining business group argued in a new report.The International Council on Mining and Metals’ report, released Wednesday, said lower rates would increase economic activity and long-term tax revenue in developed critical-minerals jurisdictions … Read more
The drop in crude oil prices is attributed to OPEC+ announcing a gradual plan to ease some of their oil production cuts.
The Cyprus Chamber of Commerce & Industry (Keve) has completed the upgrade of its headquarters in Nicosia into a green building. The initiative aligns with the organization’s commitment to promoting sustainable practices among its members and contributing to a greener Cyprus.
Turkish factory activity contracted in May as demand slowed, leading to a decrease in production and employment. The Purchasing Managers’ Index for Turkish manufacturing fell to 48.4, below the 50-point level indicating growth. Firms reported a drop in new orders, including export orders, due to challenging demand conditions and high prices. Manufacturers scaled back production and reduced staffing levels, with some firms not replacing departing staff due to lower workloads. Inflationary pressures continued to decrease, with input and output prices increasing at a slower pace.
The eurozone manufacturing Purchasing Managers’ Index (PMI) rose to 47.3 in May from April’s 45.7, showing new orders declined at their slowest pace in two years.