Cyprus fully supports the joint effort by the United States, Egypt and Qatar to get both sides of the war in Gaza to meet next week and resume talks on a ceasefire and release of hostages. President Nikos Christodoulides stated on Friday that he, “fully endorses (the statement by) Presidents Joe Biden, Abdel Fattah el-Sisi … Read more
West Texas Intermediate (WTI) ended a four-day losing streak, trading around $72.50 per barrel on Wednesday. The benchmark crude oil is getting support from rising concerns about supply constraints due to ongoing geopolitical tensions in the Middle East. Hamas named Yahya Sinwar as its new leader in Gaza following the assassination of former chief Ismail … Read more
Puerto Rico Tax Competitiveness and Pillar Two Skip to content profit shiftingProfit shifting is when multinational companies reduce their tax burden by moving the location of their profits from high-tax countries to low-tax jurisdictions and tax havens. . Pillar Two, the global minimum taxA tax is a mandatory payment or charge collected by local, state, … Read more
The Cyprus Research and Innovation Foundation (RIF) supports startups and scaleups that have introduced innovative products and services, secured funding from business angels and venture capital firms, and expanded their reach internationally.
South Korea accused North Korea of sending balloons across the border to drop trash and excrement, prompting a military response. Over 150 balloons were detected, with some landing on the ground. North Korea has threatened to send waste-paper in response to South Korean activists’ balloons carrying critical messages about Pyongyang. Previous attempts to ban balloon launches were ruled unconstitutional. Sending balloons is seen as a less risky tactic compared to military action, according to a research fellow at the Sejong Institute.
Fact: Tourist arrivals for the first four months of 2024 in Cyprus indicate an increase of 1.7% compared to the same period in the previous year, totaling 748,814 arrivals.
– Ascation was founded by George Tziazas and Minas Kyriakou in 2015.
– They started with game development but transitioned to mixed reality in 2018.
– Ascanio aims to revolutionize mission-critical training across industries using mixed reality technology.
– They received support from Kinisis Ventures and Fameline Holding Group for investment and networking opportunities.
– Ascanio’s technology provides immersive training for high-risk scenarios in various industries.
– They focus on safety, real-time feedback, and comprehensive debriefing in their training solutions.
– Ascanio’s platform integrates biosensing and haptic feedback for a realistic training experience.
– They have developed a physiotherapy module in collaboration with the University of Nicosia for Parkinson’s patients.
– George and Minas actively support the tech community in Cyprus through mentorship and participation in internship programs.
– Ascanio plans to expand into industries like shipping, aviation, construction, and telemedicine to revolutionize training methods.
– George and Minas believe in the transformative power of mixed reality technology in reshaping industries.
Fact: The disruptions in global trade routes, such as those at the Suez Canal and Panama Canal, have significant tax implications for multinational corporations, affecting transfer pricing, profit attribution, intangible property, withholding taxes, and customs duties.
Russian President Vladimir Putin has ordered his military to practice the deployment of tactical nuclear weapons in response to perceived threats from France, Britain, and the United States. The drills will involve missile forces in the Southern Military District, alongside aviation and navy units, with Belarus also participating. The significance lies in linking the drills to current tensions, with mock warheads likely to be used in training exercises. The message is seen as nuclear signaling to deter NATO and the West from escalating the conflict in Ukraine. There is speculation about Russia’s potential use of tactical nuclear weapons defensively, rather than offensively on the battlefield.
About a dozen students were arrested during a sit-in at a Denver college campus, but emerged from detainment to cheers from fellow pro-Palestinian protesters. The protesters are demanding a permanent ceasefire in Gaza, university divestment from companies profiting from the war, and amnesty for disciplined or fired protesters. Academics believe that maintaining the energy of the movement once students leave campus will be a challenge, but the protests have spread across the country and to smaller universities, showing staying power. The movement may evolve or fade away, but students in Denver are committed to continuing their protests until their demands are met, even through summer break and into the fall. Police responses to protests have ignited a sense of activism in a new generation of students, and there are expectations for a summer of protest leading up to the presidential election. Michael Heaney, a lecturer in politics, believes that the protests are just one tactic in a wider movement and that they could grow if Israel’s offensive in Gaza continues. Despite the potential for the campus to become a ghost town after graduation, student protesters in Denver are determined to continue their encampment.