Sir Stelios Haji-Ioannou has joined the board of The Hellenic Initiative (THI) and has donated most of the profits from his companies to the Stelios Philanthropic Foundation. THI has invested over million in Greece and serves approximately 100,000 beneficiaries per month through initiatives like Food from the Heart.
Fact: Palta is a London and Cyprus-based health and well-being technology company led by co-founder and CEO Yuri Gurski.
Corporations are uncertain about paying a 15% alternative minimum tax due on April 15, as the IRS granted waivers last year.
– US layoff announcements rose 7% in March to the highest since January 2023
– Job cut announcements increased to 90,309 in March
– Technology industry led in job cuts in the first quarter of the year
– US government was the top job cutter in March
– Companies cited cost-cutting and restructuring efforts as reasons for job eliminations
– Global securities watchdog IOSCO proposed detailed guidance on how regulators should supervise stock exchanges more closely to negate risks from changes in business practices.
– Exchanges have increasingly become publicly listed companies over the past two decades while remaining self-regulatory in some cases.
– Bourses have expanded geographically and diversified into technology and data services, forming partnerships with companies like Google Cloud and Microsoft.
– Brexit has contributed to increased cross-border operation of exchanges and other types of trading venues in Europe.
– The market evolutions have influenced the way exchanges and exchange groups are organized, potentially creating new conflicts of interest and operational challenges.
– The report proposes six “good practices” for regulators to assess how exchanges are structured to ensure independence in discharging regulatory obligations.
Marios Tannousis is the CEO of Invest Cyprus, focusing on attracting and facilitating Foreign Direct Investment (FDI) in Cyprus. Cyprus has committed to spending €500 million by 2026 to combat climate change and foster the green transition. Cyprus aims to become the best place in Europe to live, work, and do business by transitioning towards a renewable energy system and implementing Environmental, Social, and Governance (ESG) criteria. The country is strategically positioned to help combat climate change in the Middle East and North Africa regions. Cyprus is working towards becoming a leader in sustainability and developing a circular zero-waste economy.
The Republican Study Committee budget proposes over .5 trillion in cuts to Social Security and raises Medicare costs for seniors. This budget would also lead to longer wait times for seniors and people with disabilities when calling for assistance with Social Security and Medicare.
The text discusses Vermont tax proposals that include adopting the nation’s highest corporate income tax and the second-highest individual income tax.
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.
BBF is a leading real estate and development company in Cyprus, with over 145 developments at various stages of design and development.