PwC has warned that any further increase in taxes would cause a decline in reinvestment by firms operating in Nigeria and exacerbate corporate exits from the country. This warning is contained in its June 2024 report titled: “Nigeria Economic Outlook: Navigating Economic Reforms,” which projected that inflation would decline to 29.5 per cent by the … Read more
Labour could have stealth plans to raise Capital Gains Tax (CGT), the CEO of a leading independent financial advisory and fintech warned, after Labour soared ahead in polls, positioning Sir Keir Starmer’s party for a landslide victory on July 4. This means analysts are ramping up scrutiny on how it is to fund its ambitious … Read more
Loading…Loading…The International Monetary Fund (IMF) has raised a red flag on the potential of artificial intelligence (AI) to exacerbate inequality, urging governments to take measures to protect their economies.What Happened: The IMF expressed “profound concerns” about the possibility of significant labor disruptions and increased inequality as societies transition to generative AI, according to a report … Read more
Government employment in Cyprus reached an average of 54,835 individuals from January to May 2024, marking an increase of 2,684 persons or 5.1 per cent compared to the same period from the previous year, according to a report released on Tuesday by the state statistical service.According to the report, government employment stood at 54,826 persons … Read more
Fact: Cyprus is among the EU countries with the lowest performance in the time required to resolve civil cases.
Google, owned by Alphabet, will invest 1 billion euros into expanding its data centre campus in Finland to support the growth of its artificial intelligence business in Europe.
The text discusses the potential impact of a Biden or Trump presidency on the US economy. The analysis covers eight major economic categories, including domestic manufacturing, higher education, healthcare, housing, labor, taxes, tariffs, and trade. Biden and Trump have different plans and approaches to these economic categories based on their past records as president and their campaign promises. Biden focuses on issues like lowering prescription drug costs, investing in the future, supporting workers and small businesses, and ensuring fair taxation. Trump, on the other hand, has proposed plans such as protecting American car manufacturers, imposing tariffs on foreign-made cars, and focusing on fossil fuels. The text also highlights the differences in their views on student loan debt, healthcare, housing costs, labor unions, taxes, tariffs, and trade policies.
Fact: Employment in the Cypriot government has seen a rise of 5.2% from January to April 2024 compared to the same period in 2023, totaling 2,697 individuals.
Georgia Psaria, a CyBC journalist, passed away at the age of 49 after battling cancer.
The Eurovision Song Contest 2024 will take place in Sweden, specifically in Malmö, with 37 participating countries. The event will begin on May 7 with the first semi-final, followed by the second semi-final on May 9, and the Grand Final on May 11. The top 10 from each semi-final will compete in the final, along with the previous year’s winner (Sweden) and the “Big Five” countries (United Kingdom, France, Germany, Italy, and Spain). The favorite to win according to bookmakers is Switzerland, represented by rapper and singer Nemo Mettler. Viewers at home will determine the outcome of the semi-finals, while viewers and professional juries will vote in the Grand Final. The event will be presented by Petra Mede and Malin Åkerman.