Just 39 miles on the clock, trashed cars remain in limbo Eight-year-old Dickran Ouzounian treasured visiting his father Stefan’s garage, located a few metres from the bustling Ledra street, to admire the latest Toyota cars.He was fascinated by the brand-new, gleaming Corollas, Coronas, Crowns and Celicas. Now, 50 years later, as the CEO of the … Read more
Sherry Robinson | All She WroteLet’s start with the good news: New Mexico is number one on an important ranking. We have the nation’s lowest property taxes, and they’ve been the lowest for a long time.The reason goes back in history to the 1800s, when New Mexicans lost land to tax sales because they didn’t … Read more
The global population of high-net-worth individuals (HNWIs) grew by 5.1% to 22.8 million in 2023, with their collective wealth reaching a record .8 trillion. This surge was driven by strong stock market performance, with major indices such as the Nasdaq and S&P 500 experiencing significant gains. North America led the growth in millionaires, surpassing Asia-Pacific and Europe. Discussions about taxing the ultra-wealthy have been reignited, with Brazil and France advocating for a global minimum tax on large fortunes, which could generate an additional 0 billion if implemented.
– A mini-heatwave is forecasted to last at least over the next three days in Cyprus.
– A yellow weather warning is in effect from 2:30pm until 3:30pm.
– Temperatures will reach 40C inland, 34C on the south and east coasts, 31C on the remaining coasts, and 30C in the higher mountains.
– Winds will be light and variable, up to 4 Beaufort, with a complete absence of wind at times during midday hours.
Animals collapsed and people jumped on water tankers with buckets amid shortages due to blistering summer heat in north India. Delhi recorded temperatures touching 47 C (116.6 F) and saw its first heat-related death. Authorities are investigating a 52.9 C reading in one area. Delivery personnel are spending more time on scooters due to the heat, and companies like Zomato are taking measures to help them. The extreme temperatures have also led to more fires in several parts of the country. India, along with other countries in Asia, is experiencing unusually high temperatures, which scientists attribute to human-driven climate change. India has set a target of becoming a net-zero emitter by 2070.
Tourist diplomacy is important for bilateral relationships between countries, with Poland and Cyprus increasing their ties in recent years. Poland is becoming a significant market for Cyprus, with a growing number of Polish tourists visiting the island. The President of Poland highlighted the welcoming and safe environment in Cyprus, attracting more visitors. Brexit has decreased British tourists to Cyprus, making room for Poland to potentially become the second top tourist market. Polish investments are also increasing in Cyprus, with Polish companies setting up headquarters on the island. Additionally, Poland has a long-standing archaeological mission in Paphos, further strengthening the cultural ties between the two countries.
The Dollar Index (DXY) entered a consolidation phase after reaching a weekly high near 105.00.
Total assets of investment funds in Cyprus increased by approximately €293 million in March 2024, reaching €6.78 billion.
Sales of new vehicles in Kenya fell 17.66 percent in the first quarter of 2024, the sharpest drop in seven years. This decline was attributed to increased taxation, rising interest rates, and a weakened shilling. Dealers such as Isuzu, CFAO, and Simba Corporation have been struggling in a tough operating environment, with climbing interest rates and pending bills affecting demand. The Kenya Revenue Authority also increased duty on shipping cars into the country, further impacting sales. Isuzu East Africa and CFAO Motors Kenya, which control a significant portion of new vehicle sales, experienced declines in sales, while Simba Corp saw a modest increase. The falling demand for vehicles has also affected government revenues.
The vacation home market in Cyprus has fully rebounded from the impacts of the Covid-19 pandemic, with rental rates and sale prices reaching eight-year highs.