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61. US senators allow F-16 sale to Turkey despite concerns

US senators declined on Thursday to block the sale of F-16s to Turkey, despite voicing deep disdain for Turkey’s conduct as an ally. They were upholding an unofficial bargain that Turks would get the fighter jets if they stopped blocking Sweden’s accession to NATO....

62. Cyprus and Greece forge alliance against potato fraud

Agriculture Minister Maria Panayiotou has requested the assistance of the Greek authorities to address the issue of potatoes from different countries being sold as Cypriot potatoes......

63. CEOs globally forecast increase in revenues, profits and deal making in 2024, as business transformation moves up the agenda

CEOs are optimistic about their ability to drive revenue growth and profitability in 2024 despite global economic headwinds, according to the latest EY CEO Outlook Pulse survey....

64. Pillar two readiness and technology

As per our previous publications and alerts, we had the opportunity to communicate a significant development - the introduction of BEPS 2.0 Pillar Two or Global Minimum Tax. The European Union unanimously adopted a directive in December 2022 (the ''Minimum Tax Directive''). ...

65. Government faces backlash over officials' salary surge

In a significant move, a deal signed on July 28, 2017, not only marked the revival of the institution but also propelled the salaries of officials to new heights. ...

66. European Parliament honors Navalny amidst food inflation

The European Parliament will commemorate the life of Russian activist Alexei Navalny, featuring an address by his wife, Yulia Navalnaya, in its plenary session this week in Strasbourg......

67. Germany legalizes limited cannabis use, joining global trend

Germany passed a law on Friday legalizing the cultivation and possession of limited amounts of cannabis, joining a small group of countries and jurisdictions that have taken similar steps....

68. Greece to bring in 40,000 workers from six countries

Prime Minister Kyriakos Mitsotakis announced on Thursday that Greece is on the cusp of a migration agreement with India to bring in unskilled and skilled workers to the country to be employed in the agricultural, construction and tourism sectors....

69. Asylum appeals in Cyprus skyrocket to 472%

A dramatic increase of 472% in appeals before the Administrative Court of International Protection by asylum seekers and foreigners has been reported between 2020 and 2023,...

70. EY seminar explores green tax impact on businesses

EY Cyprus Academy of Learning and Development Organized a Seminar on Sustainability and Green Taxes Affecting Business – As – Usual: The EU Role of Cyprus. ...

71. Norwegian LNG fueling India's energy future starting 2026

In a strategic move echoing India's green ambitions, Deepak Fertilisers has joined forces with Norwegian giant Equinor to secure a 15-year supply of liquefied natural gas (LNG)....

72. Minister Kombos to support 13th Russian sanctions package

Cyprus supports the 13th package of sanctions against Russia, Foreign Minister Constantinos Kombos said during the Foreign Affairs Council in Brussels on Monday....

73. Trump fined $354.9 million in New York civil fraud trial

Former US President Donald Trump faces a hefty fine of $354.9 million (£281.6 million) following a civil fraud trial in New York. Including interest, he must pay at least $453.5 million (£359.9 million). ...

74. Tech execs return $3,500 Apple Vision Pro because of comfort complaints

Some early adopters of Apple's much-anticipated Vision Pro mixed reality goggles are already parting ways with the $3,500 device, citing discomfort, usability issues, and even motion sickness....

75. Cyprus development expenditure: 2023 surpasses €1B

The realization of state budget development expenditure in 2023 reached 72% compared to 70% in 2022 and the average of 69% over the last decade, according to a Treasury report released on Wednesday....

76. FT: Estonia PM on Russia's wanted list

77. US Senate approves $95.3B aid package for Ukraine, Israel, and Taiwan

The Senate approved a $95.3 billion aid package for Ukraine, Israel, and Taiwan early Tuesday, overcoming resistance from a group of Republicans who argued that the U.S. should prioritize domestic issues. The vote, passing 70-29, came after a night of debate....

78. Investigation urged as state contracts lead to €6.4M payout

In a recent address, Deputy Dipa Alekos Tryfonidis called attention to questionable agreements, urging an investigation into the responsible parties behind a contract resulting in a hefty 6.4 million euros compensation payout....

79. Turkish Cypriot footballer scores pro deal with Omonoia

In a landmark moment for Turkish Cypriot football, 18-year-old Tahsin Ozler has secured his first professional contract with Omonia, extending his tenure with the club until the close of the 2026/27 season. ...

80. Farmers rev up tractors in protest against EU agricultural policies

In the third such demonstration within eight months, Cypriot farmers steered their tractors through city streets, protesting against what they perceive as the European Union's misguided policies in the common agricultural policy....

81. Biden misnames Merkel and Macron, stumbles over words in gaffe-filled week

President Joe Biden has made a series of embarrassing slips of the tongue this week, confusing the names of dead and living world leaders and stumbling over his words. ...

82. Calls for increased electricity rates raise eyebrows

The recent plea by the Electricity Authority of Cyprus (EAC) for significant electricity rate increases has raised eyebrows, especially as the possibility of bearing additional costs for the Vasiliko terminal looms. Does the parliament even exist? Is there a state? If so, let them finally play their part. Enough already!...

83. Alphamega riots amplify football strife

The management of violence in stadiums hinges on the outcomes of the upcoming extraordinary CFA meeting this Friday, prompted by the recent turmoil at ''Alphamega''....

84. Cyprus drenched in rain, flood fears rise

Looks like we've got a low-pressure system hanging out northeast of the island, stirring things up a bit. By this afternoon, we're expecting it to mellow out into a weak low-pressure situation....

85. Hooliganism in Cyprus: A plea for political action

The recent incidents at ''Alphamega'' and the Apollon-AEL Cup match follow a familiar pattern, underscoring the government's struggle to tackle sports-related issues....

86. Deal in the works for CNP Cyprus

The subsidiary of the French insurance giant CNP Assurances, CNP Cyprus Insurance Holdings, is currently in discussions for a potential change in ownership. ...

87. Legal chaos unleashed as e-justice project collapses

Four years ago, when physical presence dominated business, the collapse of e-justice dealt a severe blow to the judicial system....

88. Hostage families urgently plead for release in Parliament chaos

In a gripping display of anguish, relatives of Israelis held captive by Palestinian gunmen stormed a Jerusalem parliamentary committee on Monday, urging lawmakers to intensify efforts to free their loved ones....

89. Businesses fear global tax reform will lead to double taxation

Global tax reform, ineffective use of technology and economic uncertainty are putting significant strain on business’ transfer pricing (TP) capabilities, according to the 2024 EY International Tax and Transfer Pricing Survey....

90. FT: Arab plan seeks Gaza ceasefire and potential Israel ties

Arab states are working on an initiative to achieve a ceasefire and the release of hostages in Gaza. This broader plan could potentially offer Israel a normalization of relations if it agrees to irreversible steps towards creating a Palestinian state....