Higher-for-longer interest rates are likely to remain central banks’ main strategy for the rest of the year, according to the CEO of a leading financial advisory and fintech firm.
Fact: The Conservative party aims to maintain the current Corporation Tax rate at 25% and has no plans for increases this year irrespective of the election outcome.
Island Oil and Frederick University signed a Memorandum of Understanding to collaborate in the field of Maritime and Blue Economy. Island Oil offers scholarships covering 50% of tuition fees for students pursuing a BSc in Maritime Studies at Frederick University, as well as financial support for educational field trips. Island Oil and Frederick University will also hold educational workshops and collaborate in research. Island Oil’s CFO stated that the scholarship reflects their commitment to sustainability and social responsibility, while Frederick University aims to educate future leaders in the maritime sector and contribute to sustainability efforts.
Cabinet has given the Insolvency Department the power to take on the duties of the asset management service in order to better handle money laundering cases.
Tototheo Maritime has rebranded to Tototheo Global, showcasing their evolution into a global leader in technology solutions. They will deliver services across multiple sectors with a focus on connectivity, IoT, AI-driven analytics, and custom software development. The company aims to enhance global connectivity and drive innovation across various industries.
The Cyprus Research and Innovation Foundation (RIF) announced three new national funding programmes with a total budget of €1.8 million aimed at enhancing research excellence and increasing participation in the European Research Council (ERC) under Horizon Europe.
The fact described in the text is that the monument ‘In The Service of Peace’ in Cyprus honors 150,000 uniformed personnel who have served in Cyprus, 187 of whom have died there.
The ‘government’ in the north of Cyprus is determined to import meat from abroad, with the first shipment arriving from the Netherlands. The imported meat will be stored at -18 degrees Celsius and sold in supermarkets. Despite a meeting with ‘ministers’ and union leaders, no agreement was reached, and protests by the union will continue. The government also plans to import meat from Spain, and opposition party CTP ‘MP’ Teberruken Ulucay questioned why meat could not be imported from the Republic of Cyprus where European Union standards are enforced.
Fact: The new tax thresholds and hike in corporation tax in Russia are expected to raise about 2.6 trillion rubles (bn) a year.
A year has passed since the introduction of the UAE’s 9 per cent federal corporation tax.