6 h. ago UK firms cut staff before Reeves’ tax hike, PMI survey shows

British businesses are cutting staff at the fastest pace in more than four years ahead of a tax increase ordered by finance minister Rachel Reeves which has already prompted suppliers to jack up their prices, a survey showed this week. The preliminary reading of the UK S&P Composite Purchasing Managers’ Index (PMI) for February dipped […]

Politics

7 h. ago Bank of Israel expected to hold rates again after inflation spike

The Bank of Israel is expected to leave short-term interest rates unchanged at a policy meeting next week after inflation spiked in January, although analysts believe a rate cut is possible in the coming months should price pressures ease. All 13 economists polled by Reuters said they expected the central bank to keep its benchmark […]

Politics

25 h. ago Meta reduces stock options for staff despite trading at record highs, FT reports

Meta Platforms has cut back on its yearly distribution of stock options by about 10 per cent for tens of thousands of employees despite the social media giant trading at record highs this month, the Financial Times reported on Thursday. Employees receive equity refreshers every year that make up the majority of their remuneration, alongside […]

Politics

30 h. ago Britons cheer up a bit, helped by Bank of England rate cut, survey shows

British consumers turned a little less pessimistic this month as the Bank of England’s latest interest rate cut led to an improvement in expectations for their household finances, according to a survey published on Friday. The monthly consumer confidence index published by market research firm GfK edged up in February to -20 from January’s -22 […]

Politics

52 h. ago Elon Musk wields the chainsaw as Trump slashes 6,000 IRS jobs

A tearful executive at the US Internal Revenue Service told staffers on Thursday that about 6,000 employees would be fired, a person familiar with the matter said, in a move that would eliminate roughly 6% of the agency’s workforce in the middle of the busy tax-filing season. The cuts are part of President Donald Trump’s […]

Politics

3 d. ago Our View: In football club fight, government loses either way

IN THE end the government’s attempt to settle the issue of the tax debts of the football clubs, through an absurd repayment scheme that would be covered by the taxpayer, proved a gross miscalculation. Rather than settling the matter, once and for all, which was the government’s objective, the scheme has not been implemented because […]

Sport

3 d. ago Cyprus tax board faces challenges as lawmakers push for reform

The Cyprus tax board is grappling with a series of operational issues that could undermine its efficiency, according to a House ethics committee session on Wednesday. The committee met, following a request by MPs Dimitris Dimitriou and Irene Charalambides, to discuss concerns ranging from understaffing to the board’s lack of legal recourse in challenging its […]

Politics

4 d. ago Trump, Musk target tax enforcers, rocket scientists, bank regulators for job cuts, DOGE in full flow

President Donald Trump’s administration targeted bank regulators, rocket scientists and tax enforcers for dismissal, as a federal judge gave the green light for its unprecedented remaking of the US civil service, at least for now. With Trump’s blessing and praise, tech billionaire Elon Musk’s Department of Government Efficiency, or DOGE, has swept through federal agencies […]

Events

4 d. ago Bayern’s Davies nets late equaliser against Celtic, Brugge stun Atalanta, reach Champions League last 16

A goal in added time against Celtic secured Bayern’s progress to the next round while Brugge held firm against Atalanta after the Belgian side had raced into a 3-0 half-time lead. Bayern Munich’s Alphonso Davies snatched a last-gasp equaliser against Celtic for a 1-1 draw in their playoff on Tuesday as they reached the Champions […]

Sport

5 d. ago Eurobarometer: EU should prioritise social issues, Cypriot youth say, social media top news source

The EU should prioritise social protection, as well as issues related to the cost of living and the need to create jobs, according to young people from Cyprus aged 16 to 30 that participated in the latest Eurobarometer youth survey, while the EU average focused on rising prices and the cost of living, climate change and job creation.

Politics