policy

Africa is on the verge of a building boom. Will it be green?

by
Africa is on the verge of a building boom. Will it be green?

The building boom in African countries presents an opportunity to adopt green design techniques and climate-friendly materials to reduce emissions. However, challenges such as material shortages and under-investment hinder the transition to sustainable construction. Nigeria’s population is projected to double by 2050, creating a housing deficit, and innovative technologies are needed to green the building sector. Governments can play a key role by implementing mandatory building codes and investing in green alternatives.

World launch of , ‘Varosha, the European Fenced-Off City’ doc

by
World launch of , ‘Varosha, the European Fenced-Off City’ doc

The documentary Varosha, the European Fenced-off City, aims to raise awareness about the illegal situation in the fenced-off city of Varosha, which has been restricted for 50 years.

ME legislation aims to uncover corporate tax avoidance

by
ME legislation aims to uncover corporate tax avoidance

Maine lawmakers are considering legislation to require corporations to reveal the amount of state income taxes they pay.

The Accidental Tax Cutter in Chief

by
The Accidental Tax Cutter in Chief

President Biden has said that raising taxes on the wealthy and big corporations is at the heart of his agenda, but overall net taxes have decreased during his administration.

Vermont Tax Proposals Would Leave the State and Vermonters Behind

by
Vermont Tax Proposals Would Leave the State and Vermonters Behind

The text discusses Vermont tax proposals that include adopting the nation’s highest corporate income tax and the second-highest individual income tax.

Why maintaining ASML equipment is the new front in US-China chip war

by
Why maintaining ASML equipment is the new front in US-China chip war

The U.S. government is urging allies to prevent computer chip manufacturing equipment companies, such as ASML of the Netherlands, from maintaining tools sold in China to hinder China’s ability to produce advanced computer chips. ASML’s lithography tools are crucial in chipmaking, and denying maintenance could halt chip production in Chinese plants. The Dutch government, a U.S. ally, may deny export licenses for maintenance in some cases but aims to avoid harming ASML or its relations with China. ASML sold a significant amount of equipment to Chinese customers, but its best tools are not sold there. ASML has export licenses to service Chinese customers until the end of the year. If Chinese chipmakers lose maintenance support for ASML equipment, they may face challenges in operating optimally without software updates and specialized parts. ASML’s consequences may be minor initially, but Chinese chipmakers may seek alternatives to using ASML equipment in the future.

Central Bank identifies five credit institutions as systemic banks

by
Central Bank identifies five credit institutions as systemic banks

The Central Bank of Cyprus has designated five credit institutions as Other Systemically Important Institutions (O-SIIs) for 2024. These institutions, including Bank of Cyprus Public Company Ltd and Hellenic Bank Public Company Ltd, will need to maintain higher capital reserves due to their significant role in the Cypriot financial system. The CBC’s revised policy includes statistical methodologies from other central banks and a comparative analysis with similar Eurozone member states.

Arrests are made , ‘every day’ for migrant smuggling

by
Arrests are made , ‘every day’ for migrant smuggling

Fact: Justice Minister Marios Hartsiotis stated that Cyprus’ police ranks have been strengthened to apprehend smugglers, with arrests being made daily.

CI raises Cyprus outlook on lower fiscal risk, better NPLs

by
CI raises Cyprus outlook on lower fiscal risk, better NPLs

Capital Intelligence has revised upwards the sovereign ratings for Cyprus due to a faster than projected decline in general government debt, consistent primary fiscal surpluses, proactive debt management, progress in clearing up non-performing loans in the banking system, and declining government contingent liabilities from the banking sector.

Soft CPI weakens Swiss Franc

by
Soft CPI weakens Swiss Franc

The Swiss Franc strengthened as softer-than-expected Consumer Price Index (CPI) data for March boosted expectations of one more interest rate cut by the Swiss National Bank.