The EURUSD currency pair weakened to near 1.0830 Wednesday, as the preliminary Eurozone Hamburg Commercial Bank (HCOB) Purchasing Managers’ Index (PMI) report for July showed that composite numbers unexpectedly eased due to a slowdown in activities in the manufacturing and services sectors. The HCOB Composite PMI decreased to 50.1, just above the 50 threshold that separates … Read more
Tyson chicken barns in West Tennessee on April 21, 2021. (Photo: John Partipilo) They’re scattered across the rural Tennessee landscape: blue-sided barns stretching the length of five U.S. football fields, clustered together in groups numbering as few as three to as many as 20. Each of Tennessee’s nearly 2,200 industrial chicken barns produce about 200,000 … Read more
Sales tax compliance is a bit of an unknown quantity in the US. Calculating the tax gap—the difference between taxes collected and taxes owed—in sales and use tax is much more difficult than the income tax gap. For income tax, there are secondary sources of information available from employers; in sales tax, there is no … Read more
Britain’s Conservatives plan to explicitly define sex as biological in the Equality Act if they win the election on July 4. They argue that this will strengthen protections for women and girls while ensuring privacy and dignity for all. The Labour Party believes clearer guidance for service providers is needed instead of altering the law. The proposed change would not affect existing protections against discrimination based on gender reassignment.
– The General Health System (GHS) in Cyprus was established five years ago.
– The GHS remains financially viable for the next seven years, with reserves of €590 million.
– The GHS has increased confidence among the public, with 60% of beneficiaries visiting a specialist in the past year.
– The GHS has improved access to health services and quality of life for citizens.
– Plans are underway to reduce waiting times at specialist physicians and publish a strategic plan for 2024-2026.
– The GHS has added four hospitals, two A&E departments, day care centers, at-home palliative care, and additional healthcare professionals and therapies.
– The GHS has imposed fines, carried out investigations, and suspended contracts to ensure oversight and quality of services provided.
German business morale stagnated in May, with the Ifo institute reporting that the business climate index remained constant at 89.3, falling short of the forecasted improvement. The German economy is expected to have slow progress in its recovery this year, with companies being less satisfied with the current business situation. Despite some sectors recovering, the overall outlook remains cautious.
The European Commission issued reasoned opinions to Cyprus and other member states for failing to implement a minimum 15 per cent tax rate on large multinational corporations.
Brazil’s central bank has decided to divide the process of regulating crypto-assets and virtual asset service providers into phases, with regulatory proposals expected by the end of this year.
The Limassol Boat Show is the largest boat show in the Eastern Mediterranean region, with more than 35,000 visitors and 120 exhibitors expected to attend. The show will showcase the latest models and innovations in the industry, as well as host demonstrations, seminars, food bites, and live performances. The 8th edition of the show will take place from May 23-26 at Limassol Marina.
The Centre for the Promotion of Private Enterprise (CPPE) in Nigeria has stated that the newly introduced cybersecurity levy and other taxes are impeding businesses’ capacity to drive economic growth, leading to job losses and inflation.