Micro News

Israel’s largest lender Bank Hapoalim have reported a drop in Q1 revenue due to an ongoing US tax investigation. The bank has had to save USD $17 million to cover a probable future settlement in the US probe, bringing its total provisions to USD $365 million. Hapoalim have large legal costs from cases…


Infamous Russian billionaire Mr Roman Abramovich is reported to have had issues renewing his now-expired UK residence visa and has officially changed his nationality to Israeli. Mr Abramovich has had UK residency ever since 2003 when he bought the football club Chelsea FC. However, last week it was…


A significant number of the EU regulators are not ready for the new requirements of the General Regulation on Data Protection (GDPR), which entered into force at the end of last month and affects companies such as Facebook and Google. According to Reuters, which carried out the survey, this is due to…


Traditional large airlines such as British Airways face tough competition that can lead them out of business. Experts of the Financial Times note that airlines need to learn how to balance between customer satisfaction and the desire to stay in business. Traditional and nantional airlines in Europe and…


UN stated that in 2018-2019 the global economy will expand faster than expected previously. Its new growth rate will be 3.2%. In general, such a surge in growth rates reflects strong economic growth in developed countries and favourable conditions for investments. Compared to forecasts made at the…


The European Union and the United States have different assessments of the decisions made by the World Trade Organisation (WTO) of the lawsuit to subsidise the planemaker corporation Airbus. The United States won a partial victory on May 15th against EU support for Airbus at the WTO, clearing the way…


Kaspersky Lab announced its intention to create an additional infrastructure for software development and processing of user data in Switzerland. It is reported that by the end of 2019 in Zurich the data centre for processing user information received by Kaspersky Lab will have been built. It will store…


Cyprus: New system for Traffic Offences

Currently, a more stringent system for monitoring the enforcement of traffic rules is being developed in Cyprus. According to the draft amendments developed by the Ministry of Justice of Cyprus, the road police will notify the Road Transport Department (RTS) that a particular driver scored more than…


The OECD recently held a Forum on Harmful Tax Practices, whereby they concluded that very few global jurisdictions now operate harmful tax regimes; and has identified eleven new favourable corporate tax practices being used by countries around the world, however decided that none of them are harmful…



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