English 

Montero increases income tax cuts for the self-employed who are taxed by modules

The Ministry of Finance raised from 5% to 15% the reduction of the net yield of the module for this year and up to 10% for the year 2023, in accordance with the Order creating the method for the next year. objective assessment of income tax i simplified VAT regime for which many people are taxed freelancers and SMEs. The department of Maria Jesús Montero confirms that this increase in the reduction of net income is a consequence of the current economic situation, as measure of tax relief for this…

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English 

After negotiations, Moncloa approves the Family Law with major cuts

Tuesday is a new day marked in red on the agenda of the coalition government, which on this day passes the family law after several months of difficult negotiations between the partners that They cut some of the measures with the largest social allocations of the initial project that was transferred almost a year ago by the Minister of Social Rights, Ione Belarra. A draft is coming to the table of the Council of Ministers which includes 5 days paid leave -not from 7 to 9 as claimed by Belarra-…

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Tech 

Skyroot Aerospace cuts satellite costs

Skyroot Aerospace is the Indian startup behind the launch of the first private rocket from India. Now they plan to send a satellite into orbit. In an interview with Reuters, they announced that they want to do it in 2023 and at half the price. Skyroot Aerospace The company, based in Hyderabad, is backed by Singaporean wealth fund GCI. With the help of partners, it collected 68 million dollars, from which (as it claims) it will finance two more launches. They are reportedly currently in negotiations with more than 400…

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Tech 

Amazon has cut employees from its devices division, including retail and human resources, amid job cuts

Amazon announced on Wednesday that it has cut some jobs in its devices group, as a person familiar with the company said it is still looking to cut about 10,000 jobs, including in retail and human resources. The announcement, Amazon’s first since news outlets including Reuters announced its layoff plans on Monday, heralded a major shift for a company known for creating jobs and added shape to recent layoffs that have hit the technology sector. Amazon CEO Dave Limp said in a blog post that the company decided to consolidate…

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Sports Update 

Giants switch the roster, sign a defensive line man to 53 men, OL cuts, and more

After their seventh big win of the 2022 season, general manager Joe Schoen was busy yesterday as the New York Giants made some moves down the roster. They signed Henry Mondo’s defensive line to the 53-man roster. The Giants activated corner back Rodarius Williams from the injured reserve. In line with these additions, the team cut offensive lineman DeVery Hamilton and linebacker Justin Lin from 53 players. Finally, the Giants also released offensive lineman Will Holden from their coaching staff. The Giants Get Some Defensive Depth: Williams’ comeback is a…

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English 

PwC cuts GDP for Spain by almost two percentage points in 2023 and puts it at 1.1%

Experts and directors of PwC Economic and Business Consensus reduced their growth forecasts for this year by one tenth. Spain’s gross domestic product (GDP) this year, to 3.9%, and they reduced their estimates for 2023 by almost two points, from 3% to 1.1%. This follows from the latest Economic and Business Consensus report by PwC, for the fourth quarter of the yearin which experts and directors worsen their opinion on the evolution of activities in Spain one year in advance. 51.3% of experts describe the current state of the Spanish…

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English 

States set out 12-month plan to accelerate industry emissions cuts – SABC News

Countries accounting for more than half of the world’s economy detailed on Friday the steps they will take to help accelerate the transition to low carbon emissions by cutting emissions in sectors including energy, transport and steel. Announced at the COP27 climate talks in the coastal Egyptian resort of Sharm el-Sheikh, the United States, Germany, Japan and Canada were among those backing a set of 25 “Priority Actions” they are seeking to unveil by next year’s talks in Dubai. They hope that by collectively agreeing a set of steps, such…

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English 

Mark Zuckerberg had to admit that Meta’s upcoming cuts were the result of his over-optimism.

Twitter will not be the only social network whose staff will have to cut several thousand people this year. Co-founder Jack Dorsey has already said that cutting Twitter’s staff by almost half was due to his initial optimism, and Mark Zuckerberg made a similar admission during an internal Meta* Platforms meeting, according to witnesses. Image credit: George Frey, Bloomberg News Their testimony was quoted by The Wall Street Journal, which claims that Meta* Platforms will make official announcements today about the layoffs of several thousand employees, and that the employees…

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World News 

Deep cuts to local services are expected if the government does not act

Devon will have to make deep cuts to local services unless the Government provides more money, the county council leader has warned. The Tory-led authority is currently forecasting a budget shortfall of £75m in the next financial year, with costs spiraling due to inflation and rising demand for support for vulnerable children and adults. The projection comes after the council recently warned of a potential £27m overrun this year, despite already finding millions of pounds of savings and extra income. Leader John Hart (Conservative, Bickleigh & Wembury) says Devon’s financial…

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Tech 

foundry cuts supplier orders by up to 50% amid fears of lower chip demand

It may not be absurd to call Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) the largest technology company. That’s because the foundry takes chip designs created by companies like Apple, Qualcomm, Nvidia, MediaTek, Intel, and others and turns them into the chips that technology devices can’t function without. Apple is TSMC’s largest customer and accounts for 25% of the foundry’s revenue. According to United Daily News (UDN), TSMC has cut orders from suppliers by up to 50%. These companies make up TSMC’s supply chain and supply things like silicon wafers used…

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