Despite repeated warnings about the potential once-off nature of corporation tax receipts and the concentration risk of having so few firms paying the bulk of the money, Ireland continues to hit the business tax jackpot.Revenue from the tax swelled to a record €23.8 billion last year, almost six times the amount garnered in 2014. It … Read more
Gov. Josh Shapiro of Pennsylvania, who is one of several Democrats in consideration to become Vice President Kamala Harris’s running mate, expressed on Tuesday his opposition to the proposed takeover of U.S. Steel by Japan’s Nippon Steel, citing his reservations about its potential impact on workers in his state.Mr. Shapiro’s comments came during an event … Read more
Moody’s Ratings has placed all Hellenic Bank ratings and assessments on review for upgrade, with the exception of the Prime-2 short-term Counterparty Risk Ratings (CRRs) and Prime-2(cr) short-term Counterparty Risk (CR) Assessment which have been affirmed. “This announcement reflects our strong financial performance and strategic development,” the bank said in a brief statement. Last month, … Read more
– Everton’s takeover agreement with prospective owner 777 Partners has expired.
– 777 Partners failed to complete the acquisition of Farhad Moshiri’s majority stake by the deadline.
– The deal was delayed as 777 Partners struggled to meet the necessary conditions outlined by the Premier League.
– Everton is now free to talk to other interested investors.
– Crystal Palace co-owner John Textor is considering Everton as an opportunity for investment.
![Larnaca Port workers protest job uncertainty after Kition collapse [PHOTOS+VIDEO]](https://ch.jfdi.cc/wp-content/uploads/2024/05/larnaca-port-workers-protest-job-uncertainty-after-kition-collapse-photosvideo.jpg)
Disgruntled former employees of Kition Ocean Holdings protested outside Larnaca Port over job security concerns. The Larnaca Port Authority took over Kition’s central offices, changing signage to show operational control. The President of the House of Representatives is set to meet with affected workers to address their anxieties about their employment status.
Kition Ocean Holdings expressed concern for the welfare of its employees following the government takeover of the port and marina. The company blamed the government for not having a handover period, causing uncertainty for staff. Kition stated that according to the TUPE law, employees should be automatically transferred with their existing rights to the new employer. The company seeks reassurance from the government that employees’ rights will be protected during the transition.
Workers at Kition Ocean Holdings, operator of the Larnaca marina and port concession, will be rehired by the state, securing 70 jobs just before the next mayoral and European elections.
CySEC recently announced decisions to withdraw licenses from Ganita Global Gateways UCITS V.C.I.C Platform PLC, Oval Money (Europe) Ltd, and Forextime Ltd.
Fake accounts praising former President Donald Trump and criticizing President Joe Biden are increasing on the social media platform X, according to a report by Israeli tech company Cyabra. The study found that 15% of pro-Trump accounts and 7% of pro-Biden accounts are fake. The analysis also shows a tenfold increase in newly detected fake accounts during March and April. The fake pro-Trump accounts are part of a coordinated campaign to influence public opinion, while the fake pro-Biden accounts do not show signs of coordination.
Oaktree Capital Management has taken ownership of Italian soccer champions Inter Milan after a missed payment from the club’s Chinese majority shareholder. The loan granted by Oaktree in 2021 gave them the potential right to take control of the club in case of a default. Oaktree is committed to working with Inter Milan’s current management team and partners. Suning, the Chinese shareholder, had to get an emergency financing package from Oaktree due to financial difficulties. Inter Chairman Steven Zhang warned fans about the club’s stability being at risk. Oaktree’s move is similar to Elliott Management’s takeover of AC Milan in 2018 after a missed payment by the Chinese businessman.