New Delhi: The Budget at a glance establishes that the share of government revenue from income tax (tax on individuals) at 19% is more than what corporates have contributed (17%). Advertisement <!– This follows from taxes foregone five years ago, when corporates were given a tax break. <!– The corporate tax-rate cut was meant to be … Read more
There’s a growing divergence between EU targets and national plans, and electrification is not happening quickly. Are voters turning their backs on the EU’s 2030 climate objectives? Year-to-date natural gas consumption is 3.1% down, to 195.6 bcm from 201.9 bcm in 2023. Milder weather has reduced household consumption. In general, the trend is downwards. Europe … Read more
With market analysts increasingly pricing in the likelihood of a Donald Trump victory in the US presidential election in November, investors are eyeing three specific sectors expected to benefit from his administration’s policies. “A potential return to the White House brings with it expectations of a hawkish trade policy, less regulation, looser climate change regulations, … Read more
Analysis: Morningstar DBRS Just a day to the UK general election on 4th July and a change in government looks imminent. The Labour party has continued to lead in the voting intention polls and if polls prove right, Labour will form the next government. After 14 years of a Conservative-led government, a change to Labour … Read more
France appears more divided than ever after the European election results, which saw Marine Le Pen’s National Rally secure the top spot, relegating Emmanuel Macron’s party to third place. This outcome forced the French president to call for early elections. The discontent with Macron is evident. Despite giving a vote of confidence to Marine Le … Read more
Following are some of the major events to have occurred on June 14: 1777: The Second Continental Congress adopts the Stars and Stripes as the official flag of the United States, a symbol that would go on to represent the nation worldwide and become an iconic emblem. 1801: Martha Washington hosts the first Quadrille Ball … Read more
Cyprus, are you ready for some French jazz? This June, the wonderful French Jazz and Swing Quintet Divarco will make their Cyprus debut with two performances in Limassol and Nicosia that promise to serenade the night away.Based in Greece, the quintet is known for its exquisite renditions of quintessential 30s and 40s swinging jazz favourites. … Read more
The script was ripped up at Roland Garros on Wednesday as ailing second seed Aryna Sabalenka and off-colour fourth seed Elena Rybakina were sent tumbling out in the quarter-finals.Hampered by illness throughout her match, Sabalenka crashed to a 6-7(5) 6-4 6-4 defeat to Russian teenager Mirra Andreeva as the Australian Open champion’s 11-match Grand Slam winning streak ground to … 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.
Limassol is hosting the Summer Jazz Project and More at LOEL Winery from June 14 to 16, featuring two bands each night with music from Latin America, the USA, France, Brazil, and beyond. The event will showcase genres like Swing Jazz, dance tunes from the 70s, 80s, 90s, and 00s, as well as tributes to Antônio Carlos Jobim and classic French and American jazz. The event aims to support Cypriot musicians and music.