Category: Finance
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New Blow from Trump to India – H-1B Visa Fees Raised to $100,000
President Donald Trump’s decision to raise H-1B visa application fees to $100,000 has caused concern among Indian workers in the U.S. and tech companies. H-1B visas, which allow American firms to hire skilled foreign workers, are held by approximately 71% Indians and 11.7% Chinese. This move further strains already tense U.S.-India relations, following the U.S.
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Cyprus regulator warns of unlicensed trading websites
The Cyprus Securities and Exchange Commission (CySEC) has issued a warning to investors regarding a number of online platforms offering investment services without the required authorisation. In a statement, CySEC said the listed websites do not belong to any entity that has been granted a licence to provide investment services or carry out investment activities
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CSE invites shareholders to claim squeeze-out compensation
The Cyprus Stock Exchange (CSE) on Wednesday announced that it is holding monetary amounts on behalf of individuals who were shareholders in listed companies that were subject to public takeover bids where the squeeze-out right was exercised. These amounts, the announcement stated, relate to completed public offers where the bidder acquired full ownership of the
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Hybrid and electric vehicles are becoming increasingly popular in Cyprus
Electric and hybrid vehicles continued to gain traction in Cyprus during the first half of 2025, even as the overall vehicle market experienced a slight decline. A report released on Tuesday by the statistical service revealed that electric cars made up 4.8% of newly registered passenger saloon vehicles during this period, up from 3.3% in
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Government approves €2.5m scheme to support electric vehicle uptake
The Cabinet on Wednesday approved a new €2.5 million scheme to promote the adoption of electric vehicles in Cyprus, according to Transport Minister Alexis Vafeades. He said the plan aims to strengthen the market for electric and hybrid vehicles through government funding, adding that electric mobility is a key priority for Cyprus and essential to meeting its environmental targets. The
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Cyprus Airways and Air India announce interline partnership
In an exciting development for international travelers, Cyprus Airways and Air India have established a new interline agreement aimed at streamlining travel between their networks. This partnership is set to make international journeys not only faster but also more convenient and enjoyable for passengers. Under this agreement, travelers can book a single ticket that simplifies
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Ryanair boss Michael O’Leary set to receive bonus of over €100 million
According to Bloomberg, shares of Irish low-cost airline Ryanair closed above €21 for the 28th consecutive calendar day on Thursday—triggering a milestone that unlocks a massive bonus for the company’s longtime CEO, Michael O’Leary. To claim the bonus, O’Leary is required to remain with the airline for an additional three years until the stock options
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Individual Income Tax Return for 2024
The Cyprus Tax Department has opened the TAXISnet portal for the submission of Individual Income Tax Returns for the tax year 2024. Deadline: Submit your income tax return and pay any tax due by July 31, 2025, to avoid penalties. Who Must File a Cyprus Income Tax Return: If your gross annual income exceeds €19,500,
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IBM Plans $150 Billion Investment in the U.S. Over the Next Five Years
Since Donald Trump’s election, numerous companies have revealed multibillion-dollar investment plans aimed at expanding their manufacturing presence within the United States. IBM has announced its intention to invest $150 billion in the U.S. over the next five years. This investment will include funding for research and development, as well as the manufacturing of mainframe and
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The Race for the Next Pope: Betting, Technology, and Faith Collide
As speculation grows over who will succeed Pope Francis, the papal conclave has sparked not only religious reflection but a digital betting frenzy. Platforms like Polymarket have seen over $6 million wagered on the outcome, turning the Pope’s election into a global spectacle, merging age-old tradition with cutting-edge tech and online markets. Leading the bets
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