Leventis provides special experiences for art lovers
The AG Leventis Gallery is hosting a potpourri night of theatrical performances by Rothko, Waxman, Bacon, Freud, Picasso, and Da Vinci on May 17.
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Our View: Heavy-handed police hotel raid is overkill
Fact: More than two dozen police officers raided a hotel in Paphos to check for workers employed illegally, causing concern among hotel guests and raising questions about the government’s approach to tackling illegal work in Cyprus.
A third of Cypriots are , ‘financially fragile’
– A third of Cypriots are “financially fragile” and unable to cover emergencies.
– Three in five respondents do not have enough money set aside to cover three months’ worth of living expenses.
– Young people, the unemployed, low-income households, and the elderly are the least financially resilient.
– Less than four in ten Cypriots have a “good level” of financial knowledge.
– People with higher levels of education and income are better able to weather financial impacts.
– Lack of understanding of basic financial concepts hinders saving, investing, and borrowing.
– Financial education is recommended to improve financial literacy and resilience.
– OECD recommends starting financial education from a young age in order to build positive habits and attitudes.
From arming teachers to corporate tax breaks: Tennessee’s new, extreme laws
Tennessee’s Republican-dominated legislature passed conservative laws this year, including allowing teachers to arm themselves in class. Other bills included providing government-funded vouchers to private schools, tax breaks to corporations, civil penalties for aiding minors with abortion, and restricting library materials. The state also passed a bill allowing public school teachers and staff to carry guns.
Realizing capital gains for CCPCs before June 25 | Advisor.ca
The Budget 2024 proposes to increase the capital gains inclusion rate to two-thirds from one-half, effective June 25, impacting incorporated business owners and professionals with unrealized capital gains in their corporations.
Proposed increase to capital gains tax requires action | Investment Executive
The change in capital gains tax rates will increase the overall tax on capital gains to levels similar to eligible dividends in six provinces for those at the highest marginal rate. The delay in implementation to July 25 provides an opportunity for advisors to adjust their clients’ portfolios to mitigate the impact of the rate hike.
Focus on earnings and data, gold continues retracement,
– Investors and traders are focusing on earnings and economic data, with the Dow Jones industrial average posting its fourth consecutive winning session.
– European markets are trading higher, with retail sales data in Europe showing better consumer confidence than expected.
– Traders are awaiting news from the Bank of England on Thursday regarding monetary policy, with expectations of no interest rate change but potential for a more hawkish stance.
– In the US, focus is on earnings, with Disney in the spotlight. Concerns are raised about their streaming business in a competitive landscape.
– Gold prices are dropping as the dollar index gains strength, with uncertainty about Fed’s interest rate decisions.
– Weekly jobless claims on Thursday will impact gold prices and Fed’s monetary policy decisions.
Murray to make return from injury at Geneva Open
Andy Murray will make his comeback from injury at the Geneva Open after being given a wildcard by the organizers. Murray, who turns 37 this month, injured his ankle in March and opted not to undergo surgery. He plans to compete at the French Open and hopes to play at another Olympics. Murray has not played at the French Open since 2020.
Maltese central bank governor, deputy PM face fraud charges
Malta’s attorney general has filed charges of fraud and misappropriation of funds against Central Bank of Malta Governor Edward Scicluna and Deputy Prime Minister Chris Fearne in connection with a hospital privatisation scandal from 2015. Former Prime Minister Joseph Muscat, his chief of staff, and a former health minister also face serious corruption charges related to the scandal. The deal, valued at 4 billion euros, was annulled by Malta’s highest court in February due to fraud. Fearne has denied the charges, while Scicluna has not commented on the accusations. Muscat, Schembri, and Mizzi deny charges of money laundering, corruption, bribery, and more. Muscat resigned in 2020 after a close friendship with businessman Yorgen Fenech was revealed. Prime Minister Abela has defended Fearne’s integrity but has not confirmed plans to nominate him as Malta’s next European Commissioner. No date has been set for the formal court arraignments.
US working to deliver aid to Gaza through any available route, Ambassador says
The US is working to deliver humanitarian aid to Gaza through various routes, including the sea lane from Larnaca, according to US Ambassador to Cyprus, Julie Fisher. The construction of a floating platform for aid delivery is in its final stages, and efforts are being made to ensure that aid reaches Gaza as soon as possible.