Transforming marketing with AI , — ‘Be seen, be bold’
Fact: The digital advertising industry, supported by AI, is projected to generate €175 billion annually by 2032.
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Aircraft shortages turn into cash bonanza for some airlines
Aircraft shortages have allowed airlines like Frontier Airlines and Wizz Air to sell new planes to leasing companies at higher prices than they paid, resulting in gains of hundreds of millions of dollars. The tight airliner market has made sale-and-leaseback transactions more attractive, with US airlines accounting for a larger share of these deals. New aircraft prices are 20% higher than pre-pandemic levels, leading to soaring lease rates. Airlines are spending 30% more on aircraft leases than before the pandemic.
Tototheo Global debut targets expansion beyond maritime horizons
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.
UAE: New tax exemption rules issued for companies in free zones
Companies in free zones in the UAE must meet certain criteria to be eligible for zero percent corporate income tax and become a qualifying free zone person (QFZP).
Chevron prepares for North Sea exit after more than 55 years
Chevron is set to launch the sale of its remaining UK North Sea oil and gas assets, marking its exit from the basin after more than 55 years.
Cryptocurrency and taxes: What a business owner needs to know
Cryptocurrency is a digital currency that operates on a decentralized system through a network of computers called nodes. It relies on blockchain technology and encrypted algorithms for security. There are various types of cryptocurrency, such as Ethereum, Litecoin, Ripple, and Stellar, with fluctuating values. Trading in cryptocurrency can be done directly, through decentralized exchanges, or centralized exchanges. Cryptocurrency taxation varies by country, with earnings from mining or payments being taxable. Cryptocurrencies are typically treated as property for income tax purposes, resulting in potential capital gains taxes. The tax implications of cryptocurrencies are complex and evolving, requiring efficient tracking and verification tools. Regulatory attention is needed for anti-money laundering measures and know-your-customer procedures in the cryptocurrency market. Cryptocurrency is considered property and taxable like shares, with the industry rapidly evolving and becoming more complex.
Death toll from floods in Brazil hits 113 as rain returns
The death toll from historic floods in Brazil’s southernmost state of Rio Grande do Sul reached 113, with 146 people still unaccounted for.
Brazil’s Petrobras required to assess Indigenous impact of Amazon offshore drilling – documents
Petrobras must conduct studies on the impact of planned offshore drilling on Indigenous groups in the Amazon area to analyze the project’s viability. Ibama, Brazil’s environmental agency, has demanded wide-ranging studies to assess social, cultural, and environmental impacts on Indigenous peoples in the Foz do Amazonas basin. The additional studies are expected to take at least six months, further delaying Petrobras’ plans to explore the region. Ibama’s decision to require the studies proposed by Funai is seen as a win for the Council of Chieftains of the Indigenous People of Oiapoque (CCPIO), who have raised concerns about potential impacts on Indigenous communities. The studies will provide these communities with a greater understanding of the project and its potential risks.
Gasoline demand growth to slow this year on EV growth
Global petrol demand growth is expected to halve in 2024 due to a shift to electric cars in China and the United States, as well as a return to normal consumption levels after the COVID-19 pandemic.
Covering faces at protests to be banned
The fact described in the text is that the act of covering one’s face at a protest may be outlawed according to a new bill put forward by the government.