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Fitch says Cyprus’ €850m bond issue reduces refinancing risks
Sat, 24 Jun 2017 07:58:54 +0000 -

Cyprus’ €850m bond issue reduces refinancing risks and demonstrates the sovereign`s improved financing flexibility, Fitch Ratings said, although some factors continue to weigh on the island’s sovereign credit profile. The seven-year bond was priced to yield 2.8 per cent, the lowest-ever rate achieved by Cyprus for a euro benchmark bond, despite the fact that the […]

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Police consider manslaughter charges over London blaze as thousands evacuated
Sat, 24 Jun 2017 07:01:49 +0000 -

By Michael Holden and Jamillah Knowles British investigators said on Friday they would consider manslaughter charges over the London tower block fire that killed at least 79 people, as thousands of apartment-dwellers a few miles away were told to leave their homes due to fire risk. The outside cladding engulfed in June 14’s deadly blaze […]

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New musical dawn is coming
Sat, 24 Jun 2017 06:00:57 +0000 -

For one night only, tonight actually, the band from Holland Tree of Dawn will perform in the capital. The performance, which will take place at Sarah’s Jazz Club from 9.30pm – doors open at 8pm – will feature the contemporary jazz duo performing pieces from their debut album Journey and lots more. Latvian singer Ronja […]

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Landslide buries mountain village in China, fears for 100 people
Sat, 24 Jun 2017 04:43:31 +0000 -

A landslide on Saturday morning in China’s southwestern Sichuan province has buried the homes of around 100 people, according to the official Xinhua news agency, citing local authorities. Xinhua did not give an estimate of the number killed or injured, but it said the landslide had covered 40 homes in Xinmo village in Maoxian county, […]

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With one eye on history, NZ beckons Lions to Auckland fortress
Sat, 24 Jun 2017 04:00:53 +0000 -

In preparing his team for Saturday’s seismic first Test against the British and Irish Lions, All Blacks coach Steve Hansen has made a point of looking to the past for inspiration. The history of past Lions tours. The reminder that only one All Blacks side, in 1971, have lost a series to the combined team. […]

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No need to book sunbeds, ceiling price set
Sat, 24 Jun 2017 02:00:13 +0000 -

THE consumer association on Friday said sunbeds cannot be booked in advance and announced the maximum price operators can charge for beds and umbrellas. Reservations cannot be made for equipment on public beaches, especially when people are being charged up to €25 for this, their announcement said. George Frangeskou, who is in charge of the […]

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Youths seeking jobs abroad not a bad thing
Sat, 24 Jun 2017 01:55:46 +0000 -

MORE than a quarter of Cypriots between the ages of 18 and 28 intended to go abroad in search of better employment prospects, a survey conducted by the Cyprus Institute of Statisticians found. The survey found that 26.6 per cent of this age group intended leaving, with the Institute describing its findings “extremely discouraging and […]

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Georgiades says ‘no’ to Larnaca passenger tax plan
Sat, 24 Jun 2017 01:50:23 +0000 -

FINANCE minister Harris Georgiades shot down plans on Friday by Larnaca district municipalities and communities to impose a levy on all passengers of the town’s airport as there is no such provision in the agreement between the government and the operator of Larnaca airport. Georgiades attended the House transport committee meeting that discussed on Friday […]

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UN ‘document’ talk continues
Fri, 23 Jun 2017 21:53:55 +0000 -

SPECULATION and reports as to the content of the text prepared by the United Nations that is to set the tone of the talks in Switzerland next week, and the amendments the Greek Cypriot side is proposing, continued on Friday after the government announced that it submitted its comments on Thursday night. According to state […]

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Neophytou calls for fund to compensate bondholders and depositors
Fri, 23 Jun 2017 20:05:49 +0000 -

A proposal for the creation of a compensation and social cohesion fund to compensate depositors and bondholders who lost money in the 2013 ‘haircut’, was tabled at Friday’s House plenum by Disy leader Averof Neophytou. The aim of the fund, Neophytou’s proposal said, was to compensate bank depositors who lost money in March 2013, when […]

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Brace for heatwave conditions, high risk of fires
Fri, 23 Jun 2017 19:52:09 +0000 -

RESIDENTS of the inland will experience heatwave conditions as a gradual temperature rise, combined with a lack of wind, will dominate the weather patterns for the beginning of next week, the met office said on Friday. The forestry department also warned of a high risk of fires and urged campers to be vigilant. According to […]

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New law passed to regulate clubs and NGOs
Fri, 23 Jun 2017 18:50:27 +0000 -

A contentious government bill regulating the operation of clubs and foundations was voted into law, following a tumultuous plenary session on Friday. The aim of the bill had been to make the regulatory framework tighter, in order to address issues of accountability, transparency and taxation for clubs and societies. In a statement, volunteerism commissioner Yiannis […]

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AG wants autonomy for Legal Service, free hand to hire
Fri, 23 Jun 2017 18:35:26 +0000 -

THE attorney-general plans to file proposals to make the Legal Service fully autonomous, as is the case in other European countries, and to give it a free hand with recruitments, it was announced on Friday. In a written statement, Costas Clerides said despite efforts to fill 34 vacant places in the service, the time-consuming procedures […]

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Teenagers arrested for selling drugs
Fri, 23 Jun 2017 18:08:51 +0000 -

TWO 17-year-olds were arrested for repeatedly selling drugs to a 16-year-old and threatening to hurt him and his family unless he paid them €1,800, Paphos police said on Friday. According to the police, the 16-year-old reported the incident on Thursday night. The boy had told his older sister about his ordeal, and the two went […]

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If Baghdadi death confirmed, who will lead IS?
Fri, 23 Jun 2017 18:00:19 +0000 -

If Islamic State leader Abu Bakr al-Baghdadi is confirmed dead, he is likely to be succeeded by one of his top two lieutenants, both of whom were army officers under late Iraqi dictator Saddam Hussein. Experts on Islamist groups see no clear successor but regard Iyad al-Obaidi and Ayad al-Jumaili as the leading contenders, though […]

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Music brings communities together at the Unity Fest
Fri, 23 Jun 2017 16:30:07 +0000 -

By Emmelia Georgiou A large number of successful events have managed to show that music can bring people together on our island over the years. This year, the Bi-communal Peace Initiative United Cyprus, the European Parliament Information office and the European Commission’s Representation in Cyprus come together to organise the Unity Fest, which will take […]

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Three arrested, five more wanted in 2016 murder plot
Fri, 23 Jun 2017 15:28:13 +0000 -

THREE men were remanded in custody for eight days on Friday on suspicion of taking part in a plot to kill an underworld figure last year. Police told the court they have also issued arrest warrants for five more people – four foreign nationals and a Cypriot – in connection with the case. The three […]

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Navalny ‘cannot run for presidency’
Fri, 23 Jun 2017 15:18:38 +0000 -

Russian opposition leader Alexei Navalny can not run for presidency because of his criminal conviction, the Central Election Commission, said in a statement on Friday. “Navalny does not have passive suffrage,” said the statement, meaning he was ineligible to run for office. Navalny was found guilty of embezzlement in February and given a five-year suspended […]

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Turkey to stop teaching evolution in high schools
Fri, 23 Jun 2017 15:12:44 +0000 -

Turkey is to stop teaching Darwin’s theory of evolution in high schools, deeming it controversial and difficult to understand, a senior education official said, a move likely to alarm secular Turks. Critics say President Tayyip Erdogan and the Islamist-rooted AK Party are undermining modern Turkey’s secular foundations by pushing a conservative agenda, including tighter regulation […]

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Good start, not enough: EU leaders mull May’s Brexit offer
Fri, 23 Jun 2017 15:00:06 +0000 -

Theresa May offered fellow EU leaders a “fair” deal on Thursday for compatriots living in Britain after Brexit, though her peers sounded sceptical and demanded more detail from a prime minister weakened by an electoral misfire two weeks ago. Given the floor for 10 minutes at the end of a Brussels summit dinner, her first […]

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