iceland volcano

iceland volcano

Steam and smoke rise over a 1-km-long fissure in a lava field north of the Vatnajokull glacier, which covers part of Bardarbunga volcano system on Friday. The eruption is at the tip of a magma dyke around 40 km from the main Bardarbunga crater and activity subsided to relatively low levels after peaking between 0020 and 0200 GMT, Iceland Met Office seismologist Martin Hensch said. Iceland's Meteorological Office on Friday downgraded its volcano alert level to orange from red and said a small eruption that started during the night is not a threat to aviation (Reuters)

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Local News August 29, 2014

UAE firm shows interest in Cypriot produce  

UAE firm shows interest in Cypriot produce  

By Constantinos Psillides

CYPRUS citrus farmers will be looking to the United Arab Emirates and other countries in the Gulf region to export their goods, in an attempt to find alternative markets following the Russian food embargo.

Agriculture minister Nicos Kouyialis had a meeting on Friday with the representative of a UAE citrus import company, which according to Kouyialis wishes to expand its operation in the island.

“This is the first in a number of meetings, aiming at finding new…

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Main August 29, 2014

Human chain across Ledra Street checkpoint for peace

Human chain across Ledra Street checkpoint for peace

A human chain stretching from south to north Nicosia through the Ledra Street checkpoint will take place on Monday.

The bi-communal event, called ‘Peace Meeting and Reunion’, is part of the international day of action for world peace organised by the World Federation of Trade Unions (WFTU). The day honours the memory of World War II victims.

In Cyprus the event is being organised by leftist Pancyprian Federation of Labour (PEO), the Turkish Cypriot Federation of Revolutionary Workers union (DEV-IS) ,…

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Local News August 29, 2014

Second football fan processed under new rules

Second football fan processed under new rules

By Constantinos Psillides

A 27-year old man from Paphos was arrested after he was found in an intoxicated state outside the GSP stadium in Nicosia.

The 27-year-old appeared before the Nicosia District Court on Friday. He had to post €1,000 in bail and hand over all his travel documents. He is also required to appear at a police station every time his team plays a match and stay there for the duration of the game, until the day of his…

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Local News August 29, 2014

Authorities extend deadline for non-binding airline offers

Authorities extend deadline for non-binding airline offers

Authorities in Cyprus have extended Friday’s deadline for submission of non-binding expressions of interest in Cyprus Airways until Sept. 3, aiming to give possible bidders plenty of time to formulate their offers.

Companies which have said they might be interested in bidding for the carrier include Ryanair, Europe’s largest budget airline, and Greece’s Aegean Airlines.

“The ministry wants to give all candidates the possibility and time to submit comprehensive proposals,” a source at the Cypriot ministry of communications and works told Reuters on Friday.

A Ryanair executive earlier this week…

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Local News August 29, 2014

Patriarch of Jerusalem to visit Cyprus

Patriarch of Jerusalem to visit Cyprus

Patriarch of Jerusalem Theophilos arrives on Saturday for an official visit on the occasion of a youth programme organised for the third year by the Church of Cyprus, involving young people from the Patriarchates of the Middle East.

On Sunday, Patriarch Theosophilos and Archbishop Chrysostomos will jointly lead a liturgy at St Nicholas of the Roof church in Kakopetria.
After the liturgy, they will visit the camping site of St Nicholas in Kakopetria, where the young people participating in the programme…

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Football Sport August 29, 2014

Europa League draw

Europa League draw

By Andreas Vou and Mike Collett

Apollon have been drawn against Villarreal, Borussia Monchengladbach and FC Zurich in Group A of the UEFA Europa League for the 2014-15 campaign.

Christakis Christoforou’s side pulled off a shock 4-1 win in the Russian capital on Thursday evening to defeat Lokomotiv Moscow and progress to the group stages 5-1 on aggregate.

The Limassol club are Cyprus’ only representatives in the competition as Ermis Aradippou went out in the third qualifying round while Omonia…

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International News August 29, 2014

New Turkish cabinet spells little major policy shift

New Turkish cabinet spells little major policy shift

By Gulsen Solaker
TURKISH Prime Minister Ahmet Davutoglu announced a new cabinet on Friday keeping key members of the economic management team in place and appointing the man who has managed Ankara’s affairs with Europe as foreign minister.
Outgoing EU Affairs Minister and career diplomat Mevlut Cavusoglu becomes foreign minister, replacing Davutoglu. Yalcin Akdogan, an aide to new President Tayyip Erdogan, was named as a deputy prime minister, as was Numan Kurtulmus, the deputy chairman of the ruling…

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Local News August 29, 2014

Vote on foreclosures postponed yet again

Vote on foreclosures postponed yet again

THE HOUSE plenary, scheduled to convene on Monday to discuss a series of draft bills on foreclosures, will be postponed until the end of next week, possibly Friday, reported the Cyprus News Agency.
This is the second time lawmakers have postponed the crucial plenary session that will tackle the controversial troika-required foreclosures bill.
The legislation was initially meant to be discussed and passed today, Friday, but was pushed back till Monday to give parties more time to reach…

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International News August 29, 2014

Iceland volcano alert at red after small eruption, no volcanic ash detected

Iceland volcano alert at red after small eruption, no volcanic ash detected

By Simon Johnson

Iceland raised its alert warning level to maximum on Friday after what it called a small eruption in the Bardarbunga volcano system but said there was no sign of ash that could affect air travel in Europe.

In 2010, an ash cloud from the Eyjafjallajokull volcano, in a different region of Iceland, closed much of Europe’s air space for six days.

Iceland’s largest volcanic system, which cuts a 190-km-long and up to 25-km-wide swathe across the North…

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International News August 29, 2014

No criminal charges in fatal gun range shooting by 9-year-old girl

No criminal charges in fatal gun range shooting by 9-year-old girl

By Alexia Shurmur

County law enforcement officials in Arizona said on Thursday no criminal charges are pending after a probe into a gun range incident in which a 9-year-old girl fatally shot her instructor with an Uzi, adding it was “being viewed as an industrial accident.”

But state occupational health and safety officials were conducting their own probe of the Monday morning incident that was captured on video at a gun range that caters in part to tourists visiting nearby…

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International News August 29, 2014

Malaysia Airlines to cut 6,000 jobs

Malaysia Airlines to cut 6,000 jobs

By Al-Zaquan Amer Hamzah

Malaysia Airlines , the country’s loss-making flag carrier, will cut 30 per cent of its workforce as part of a sweeping restructuring that will cost 6 billion ringgit ($1.90 billion), majority investor Khazanah Nasional said.

The carrier will slash its staff by 6,000 to 14,000 as it takes steps to stem long-running losses worsened by two aircraft disasters this year, the state fund said in a statement on Friday.

Malaysia Airlines will be de-listed from the…

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International News August 29, 2014

Syrian refugees top 3 million, half of all Syrians displaced

Syrian refugees top 3 million, half of all Syrians displaced

By Stephanie Nebehay

Three million Syrian refugees will have registered in neighbouring countries as of Friday, an exodus that began in March 2011 and shows no sign of abating, the United Nations said.

The record figure is one million refugees more than a year ago, while a further 6.5 million are displaced within Syria, meaning that “almost half of all Syrians have now been forced to abandon their homes and flee for their lives”, it said.

“The Syrian crisis has…

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Local News August 29, 2014

‘Timeless celebration’ of wine

‘Timeless celebration’ of wine

The 53rd Limassol Wine Festival kicked off on Thursday night with opening speeches from Limassol Mayor Andreas Christou and Commerce Minister Giorgos Lakkotrypis.
Christou said the festival would remain first a foremost a tribute to wine and the ancient winemaking traditions of Cyprus, despite the current economic problems.
Lakkotrypis called it a “timeless celebration” of great importance to the island’s cultural life
“Wine is an integral part of the land, and an ambassador of our history and…

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International News August 29, 2014

Ukraine rebels say will allow trapped government forces to flee

Ukraine rebels say will allow trapped government forces to flee

By Alexei Anishchuk and Anton Zverev

Pro-Moscow rebels fighting in Ukraine said on Friday they would comply with a request from the Kremlin and open up a ‘humanitarian corridor’ to allow the withdrawal of Ukrainian troops they have encircled.

But it was not clear if the government in Kiev would accept the offer. It has accused Russian troops of illegally entering eastern Ukraine and, backed by its U.S. and European allies, has said it will fight to defend its soil.

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International News August 29, 2014

Earthquake strikes southern Greece, felt in Athens

Earthquake strikes southern Greece, felt in Athens

A strong earthquake shook southern Greece on Friday and was felt as far as Athens but there were no immediate reports of casualties or serious damage.

The quake measured 5.7 in magnitude, according to the U.S. Geological Survey and struck at sea 80 miles south of the Greek capital. It was 70 miles deep.

No tsunami warning was issued.

The Athens Geodynamic Institute also put the quake, which occurred at 0645 local time (0345 GMT), at 5.7 magnitude and said…

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Sport August 29, 2014

Dream run over for Bellis as big guns advance

Dream run over for Bellis as big guns advance

By Steve Keating

Top seeds Serena Williams and Novak Djokovic were forced to take a backseat to America’s latest tennis sweetheart on Thursday, as 15-year-old Catherine Bellis hogged the Flushing Meadows limelight once again.

However, Bellis, who shot from obscurity to fame with a shock first round win over Australian Open finalist Dominika Cibulkova, could not deliver the fairytale American tennis fans had hoped for, falling 6-3 0-6 6-2 to Kazakhstan’s Zarina Diyas.

While former U.S. Open champion Andy Murray…

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Local News August 29, 2014

Signs of consensus on foreclosures

Signs of consensus on foreclosures

By Elias Hazou

THE GOVERNMENT and opposition parties appeared on Thursday to be inching closer to agreement on the contentious foreclosures bill – but a series of ifs and buts still loomed pending the feedback from Cyprus’ international lenders.

Following a meeting at the presidential palace between the president, the ministers of finance and the interior, the attorney-general and the Central Bank governor, with the heads of all parties, government spokesman Nicos Christodoulides sounded upbeat on the prospects of overcoming…

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Football August 28, 2014

Joy and despair in Europa League (updated)

Joy and despair in Europa League (updated)

By Andreas Vou

It was a night of the starkest of contrasts for Apollon and Omonia against the two sides from Moscow as the Limassol club pulled off a sensational 1-4 victory against Lokomotiv while Omonia suffered injury-time agony against Dynamo in a 1-2 loss.
After just two minutes, it had looked as though Gaossou Fofana had put Omonia ahead but it was chalked off for offside. Their 2-2 draw in Moscow last week had given them a narrow…

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Local News Business August 28, 2014

BoC shareholders approve capital increase (Update 3)

BoC shareholders approve capital increase (Update 3)

By Angelos Anastasiou
BANK OF Cyprus (BoC) shareholders overwhelmingly approved a €1.0 billion capital raise on Thursday, the biggest foreign direct investment in the island’s history.

The increase was put to the vote at an EGM. Just over 87 per cent of present shareholders voted in favour. Turnout was almost 42 per cent.

Announcing the result of the shareholders’ vote, BoC chairman Christis Hassapis said that the approval marked the start of a new era for the bank and…

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Local News Comment August 29, 2014

Our View: Good sense finally won the day at BoC

Our View: Good sense finally won the day at BoC

IN THE END, fears that the one billion euro capital issue by the Bank of Cyprus would not be approved by the EGM proved unfounded. Yesterday’s vote was not even close, with 87 per cent of shareholders present backing the issue and paving the way for the biggest foreign direct investment in the history of Cyprus.

Although the chairman of the board and the CEO had to respond to awkward questions from the old shareholders of the bank –…

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