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Gold prices are expected to reach a new all-time high soon, influenced by potential interest rate cuts from the US Federal Reserve, ongoing gold purchases by the People’s Bank of China, and increasing demand from Turkey and the Middle East.
The Cyprus real estate sector is booming, driven by foreign investment and a thriving economy, particularly in coastal areas like Limassol. However, locals face financial strain from rising interest rates and property prices. Proactive government measures are needed to ensure long-term stability anytime.
The Lithuanian Finance Ministry plans to raise funds for defense by increasing the corporate tax rate, hiking excise duty on fuel, and introducing a tax on certain insurance contracts. Businesses should prepare to e file taxes under these new regulations if approved.
President Ebrahim Raisi of Iran, along with his foreign minister and seven others, died in a helicopter crash near the Azerbaijan border. The nation is in mourning, with public grief evident as citizens come to terms with the tragic loss of their leader.
European businesses face varied net operating loss (NOL) tax code provisions in 2024. Some nations allow unlimited loss carryovers, while others impose time limits. Restrictions on carryback provisions and deductibility limits also exist. Recent changes in Belgium, Romania, and Germany impact carryover rules.
MTN Group reported a total tax contribution of $3.3 billion (R61.7 bn) across its 19 markets last financial year, highlighting its role in economic development and corporate social investment. This significant contribution underscores MTN’s commitment to supporting the communities it operates in.
Cyprus payment gateway solutions are gaining traction as businesses seek seamless online transaction methods. The growing e-commerce sector in Cyprus is driving demand for reliable and secure payment processing services, enhancing customer experience and boosting economic growth.
Alpha Bank Paphos has announced a new initiative to support local businesses by offering low-interest loans. This move aims to stimulate economic growth in the region, providing much-needed financial assistance to small and medium-sized enterprises. The program is set to launch next month.
The Cyberness Market will host pop-up bazaars featuring over 100 local brands. Highlights include AI paintings, 3D printed household items from recycled plastic, and eco-friendly décor. This event will spotlight cyber-inspired creations, blending technology with sustainability.
President Joe Biden’s 2025 budget proposes increasing corporate taxes, inc taxes on businesses. Economists warn this could lead to higher costs for low- and middle-income Americans, despite assurances that individual tax rates won’t rise. Republicans may leverage these concerns in future campaigns.
