European Union leaders have agreed to reforms in nine areas to revitalize the bloc's economy and help it catch up with the United States and China in the global technology race. However, there are still disagreements about the source of the money needed to implement the plan. "Every year, 300 billion euros of European savings go abroad, mainly to the United States. This is money that is not enough for...
New banknotes featuring the image of the British King Charles III were presented at an exhibition at the Bank of England Museum in London. These are four banknotes in denominations of £5, £10, £20 and £50. They will go into circulation on June 5 this year. The reverse features portraits of former Prime Minister Winston Churchill, writer Jane Austen, artist William Turner and mathematician Alan...
The Commission for Determining the Minimum Wage has determined the first salary of 2024 in Northern Cyprus. The new minimum wage in the TRNC was set at 24 thousand Turkish lira net. TRNC Minister of Labor and Social Protection Sadik Guardiyanoglu said that the minimum wage, which will be in force from January 1, 2024 in Northern Cyprus, was determined unanimously at the second meeting. Stating...
The Chinese company BYD has become a serious competitor to Tesla. In the fourth quarter of 2023, the Chinese manufacturer sold more than 520 thousand electric vehicles, and the Texas company Tesla sold 480 thousand. BYD aims to conquer the global electric vehicle market. Two years ago I started selling them in Europe. In terms of annual indicators, Tesla is still ahead. It sold just over 1.8 million...
The Commission for Determining the Minimum Wage continues its meetings to determine the first minimum wage in 2024. Finance Minister Ozdemir Berova said they estimate the cost of living increase to be in the range of 40%. Minister of Labor and Social Security Sadik Gardiyanoglu said: “The minimum wage will be within the subsistence level.” According to the statements in question, if the projected...
Tesla is recalling nearly all 2 million of its vehicles in the United States after about 1,000 crashes that U.S. regulators say, after a nearly two-year investigation, are linked to Tesla's use of Autopilot. The National Highway Traffic Safety Administration (NHTSA) said the Autopilot system gives drivers a false sense of security, while Tesla's technical features do not yet always prevent dangerous...
Loans to businesses in Northern Cyprus during the crisis as a support. Explanations of Prime Minister Ersin Tatar. Prime Minister Ersin Tatars explained that “for enterprises that have suffered from the outbreak of coronavirus, with the support of the Credit Guarantee Fund, a loan package of one billion Turkish liras has been allocated to issue 12 monthly loans with a low interest rate.” Ersin...
