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Nvidia earnings will be stellar, no major impact

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Nvidia earnings will be stellar, no major impact

Nvidia is set to report its earnings, with the CEO of a financial advisory predicting a more muted share price movement compared to previous quarters. Nvidia’s dominance in the AI sector and strong demand for its GPUs have fueled its growth. The company’s market value is approximately .3 trillion, making it the third-largest company on Wall Street. Nvidia’s GPUs are critical for AI and machine learning applications, driving its dominance in the industry. The global AI market is expected to grow significantly in the coming years, with companies leveraging AI technologies gaining a competitive edge. Investors should consider exposure to Nvidia and the broader AI ecosystem for long-term growth opportunities.

Shaken passengers arrive in Singapore after deadly turbulence-stricken flight

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Shaken passengers arrive in Singapore after deadly turbulence-stricken flight

More than 140 passengers and crew from a Singapore Airlines flight that was hit by heavy turbulence finally reached Singapore after an emergency landing in Bangkok. One person died of a suspected heart attack and at least 30 people were injured. The turbulence caused passengers and crew to be flung around the cabin, resulting in injuries such as gashes and concussions. The relief flight from Bangkok carried injured passengers and crew back to Singapore, while the investigation involved officers from Singapore’s Transport Safety Investigation Bureau and the U.S. National Transportation Safety Board. Turbulence-related accidents are common, with the NTSB reporting that turbulence accounted for over a third of airline accidents from 2009 to 2018.

In a boiling world, chief heat officers battle , ‘silent killer’

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In a boiling world, chief heat officers battle , ‘silent killer’

Fact: Seven chief heat officers, all women, are working in cities like Miami, Melbourne, Dhaka, Freetown, and Athens to cool urban heat traps and prevent deaths caused by extreme heatwaves.

Election year Trump biopic , ‘The Apprentice’ premieres at Cannes

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Election year Trump biopic , ‘The Apprentice’ premieres at Cannes

Fact: Ali Abbasi’s drama “The Apprentice” premiered at the Cannes Film Festival, focusing on Donald Trump’s rise as a New York real estate mogul.

Ryanair boss says , ‘recessionary feel’ may be limiting air ticket price rises

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Ryanair boss says , ‘recessionary feel’ may be limiting air ticket price rises

Ryanair CEO Michael O’Leary mentioned that there is a “recessionary feel around Europe” which could be a factor in slower-than-expected growth in airfares.

Fork Food Market goes to Geri for the first time

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Fork Food Market goes to Geri for the first time

– Fork Food Market is celebrating its 10th anniversary and will be hosting an event in Geri, Cyprus.
– The event will take place at Parko Glypton next to the Holy Temple of Agios Charalambos on May 24.
– Food will be served from 7pm to 11pm, with the bar and music staying open until midnight.
– The market will feature street food from around the world, including classics like burgers and falafel, as well as unique options like tacos with ‘ofto kleftiko’.

Sony shares leap 12 per cent on buyback and dividend plans, higher profit outlook

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Sony shares leap 12 per cent on buyback and dividend plans, higher profit outlook

Shares in Sony Group jumped 12 per cent after pledging to boost shareholder returns and forecasting higher annual profit with a boost from its image sensors business. Sony will spend up to 250 billion yen on a share buyback and gradually increase dividends with a target of a 40 per cent total payout ratio by the financial year ending March 2027. Sony will allocate 1.8 trillion yen over the next three years to growth investments and share repurchases. Sony also plans to conduct a five-for-one stock split to expand its investor base.

Russian court seizes Deutsche Bank assets as part of lawsuit

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Russian court seizes Deutsche Bank assets as part of lawsuit

A Russian court has ordered the seizure of Deutsche Bank’s assets, accounts, property, and shares in Russia as part of a lawsuit related to a terminated contract for a gas processing plant. The lawsuit was filed by RusChemAlliance, a joint venture half-owned by Gazprom. The court also imposed the seizure of up to 238.6 million euros in securities, real estate, and bank accounts. Deutsche Bank had provisioned around 260 million for the case and is assessing the operational impact in Russia. UniCredit’s assets were also ordered to be seized in a parallel lawsuit.

Former Cypriot passport-holder Deripaska calls latest US sanctions ‘balderdash’

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Former Cypriot passport-holder Deripaska calls latest US sanctions ‘balderdash’

Oleg Deripaska dismissed the latest U.S. sanctions on companies connected to a scheme as nonsense. The U.S. Treasury sanctioned Russian companies disguising ownership of a .6 billion industrial stake controlled by Deripaska, leading to Austria’s Raiffeisen Bank International dropping a planned purchase. Deripaska, previously sanctioned by Britain and the U.S., has challenged the sanctions, calling them groundless and absurd. He was also stripped of his Cypriot citizenship after Russia’s invasion of Ukraine and added to the E.U.’s sanctions list in April 2022.

Federal Budget | Global tax

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Federal Budget | Global tax

The foreign resident capital gains tax regime will be tightened by broadening the types of assets subject to CGT, implementing a 365-day testing period for the principal asset test, and requiring foreign residents to notify the ATO before disposing of shares exceeding million in value. These amendments aim to clarify which assets are subject to CGT and prevent tax avoidance by foreign residents. The changes will apply to CGT events starting from 1 July 2025, with no grandfathering for existing assets.