Mavridis takes over as Cablenet, ’s new CEO
Ioannis Mavridis is being promoted to CEO of Cablenet, replacing Yiannos Michaelides who is stepping down after four years.
telecoms
Apple, ’s first quarter smartphone shipments in China tumble 19 per cent
Apple’s smartphone shipments in China fell by 19% in the first quarter of the year, the worst performance since 2020.
Federal budget to include tax hikes for wealthiest Canadians, some corporations
The federal government will make tax changes in Tuesday’s budget aimed at raising more revenue from wealthy Canadians and certain corporations.
Opinion: New taxes would be a mistake. Freeland is still likely to hike levies on corporations and the wealthy
Chrystia Freeland is likely to raise taxes on the country’s largest companies and wealthiest citizens in the upcoming budget to increase government revenues and pay for new programs.
Russian billionaire Fridman wins appeal but remains under EU sanctions
Russian billionaire Mikhail Fridman and his business partner Petr Aven were successful in appealing against EU sanctions related to Moscow’s war against Ukraine. The European Union Court of Justice annulled the sanctions, stating that there was insufficient evidence to justify their inclusion on the list. The men remain under separate punitive measures for now, with Fridman expressing satisfaction with the court’s decision. The EU has imposed sanctions on over 1,700 individuals and entities in connection to Russia’s invasion of Ukraine, but some sanctions have been voided or not extended by the ECJ.
RRF funds in jeopardy as EAC-CyTA deal goes sour
A deal between state-owned companies for the supply of electricity smart meters has been ruled unlawful by a special court, putting €35 million in European taxpayers’ funds at risk.