By Tom Hayward
New coach Louis van Gaal has welcomed the challenge of trying to emulate the great Alex Ferguson at Manchester United and is confident his record of managing big clubs will stand him in good stead.
Ferguson won 38 trophies in 26 success-laden seasons at Old Trafford and the task of following in his footsteps proved too much for his immediate successor David Moyes.
Moyes was sacked in less than a season after breaking a host of unwanted…
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A 42-year-old man was sentenced to 13 years in prison on Monday by the Paphos Assize court, after found guilty of illegally importing and possessing narcotics with intent to sell, the Cyprus News Agency reported.
On October 20, 2013, police received a tip of an imminent attempt to import large quantities of drugs via an airport.
At 10:30pm on the same day a suspicious passenger was identified on an incoming flight from Brussels to Paphos International airport.
His…
By Novi Anggriani
On July 22, 2014, Joko Widodo was declared the winner of Indonesia’s presidential election.
The election process was phenomenally successful. Indonesians have been waiting for a leader who can effect positive change for their country, and they have put their hope in Widodo.
Widodo, who won 53.15 percent of the vote, said, “This victory is a victory of all Indonesian people. I hope that this victory will open our ways to reach and achieve a politically sovereign,…
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By Michelle Nichols
A UN Security Council committee on Monday blacklisted the operator of a North Korean ship, which was seized near the Panama Canal last year for smuggling Soviet-era arms, and raised concerns about Cuba’s military cooperation with Pyongyang.
The North Korea (DPRK) sanctions committee designated Ocean Maritime Management, which operated the Chong Chon Gang, the ship detained a year ago carrying arms, including two MiG-21 jet fighters, under thousands of tonnes of sugar.
The company is now subject…
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By Jessica Donati
President Hamid Karzai’s powerful cousin, a close ally of presidential candidate Ashraf Ghani, was killed on Tuesday in a suicide bomb attack at his home, the governor’s office in the southern province of Kandahar said.
Hashmat Karzai was hosting an event for the Eid al-Fitr holiday at his home in the province when a man posing as a guest set off hidden explosives as Karzai greeted him, the governor’s office said.
The attack comes as the country…
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By Roberta Rampton
In another sign of deteriorating relations between the United States and Russia, the US government said on Monday that Moscow had violated the Intermediate Range Nuclear Forces treaty, and urged immediate bilateral talks on the issue.
The Cold War treaty, ratified in 1988, was designed to eliminate ground-launched cruise missiles with ranges of 500 to 5,500 km.
“This is a very serious matter which we have attempted to address with Russia for some time now,” an administration…
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By Nidal al-Mughrabi and Ori Lewis
Israel’s military pounded targets in the Gaza Strip on Tuesday after Prime Minister Benjamin Netanyahu said his country needed to be prepared for a long conflict in the Palestinian enclave, squashing any hopes of a swift end to 22 days of fighting.
Israeli aircraft fired a missile at the house of Hamas Gaza leader Ismail Haniyeh before dawn on Tuesday, causing damage but no casualties, Gaza’s interior ministry said.
An Israeli military spokeswoman had…
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By Angelos Anastasiou
AT A MARATHON session that started at 10:30 am and lasted until late on Monday night, the Bank of Cyprus (BoC) board of directors announced the successful private placement of 4.17 billion new ordinary shares at a price of 24 cents per share, for a total capital raising of €1 billion.
Monday’s board session was convened to decide on the planned raising of €1 billion in capital, for which the offer book was “comfortably oversubscribed” before closing…
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THE SAGA of the registration of halloumi as a protected designation of origin (PDO) is set to run and run even though the agriculture ministry finally filed an application to the European Commission earlier this month. Not everyone is happy with the contents of the application, which stipulates the quantities of the different types of milk that had to be used, with interest groups threatening to appeal against the decision to the Supreme Court.
Agriculture Minister Nicos Kouyialis does not…
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By Angelos Anastasiou
THE BANK of Cyprus’ (BoC) old shareholders association will oppose the lender’s upcoming €1 billion capital issue and file a class-action law suit against the bank and other authorities, it announced on Monday.
Speaking after an extraordinary board session of the association’s board, chairman Archbishop Chrysostomos said that a resolution was agreed on, which will be handed to President Nicos Anastasiades.
“The extraordinary session expresses its full confidence in the association’s board, and authorises it to continue…
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By Evie Andreou
OVER ZEALOUS pruning of eucalyptus trees in the Armenian cemetery in Nicosia near the Ledra Palace check point have raised fears over the fate of rare long-eared baby owls which were nesting in the branches of the trees.
Residents witnessed with horror on Monday morning a crew, reportedly sent by the Armenian prelature, cutting down eucalyptus trees more than 50 metres tall in the yard of the cemetery.
In the trees were reportedly many owls and their…
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By Angelos Anastasiou
THE INTERNAL Revenue Department (IRD) has no mechanism to implement a clause in the immovable property tax (IPT) law which aimed to address the question of who should pay tax on properties sold without title deeds because it is unable to apportion blame for non-issuance, daily Politis reported on Monday.
On July 10, the House voted an amendment to the IPT law that removed the tax obligation on sold properties from developers and placing it…
By Jean Christou
CYPRUS WILL use its status as an EU member state, and will reach out to other countries involved in the peace talks to exert more influence on Turkey, President Nicos Anastasiades said yesterday.
Anastasiades was speaking after a 90-minute meeting with Greek Prime Minister Antonis Samaras in Athens during a two-day visit to the Greek capital.
The focus of the visit is mainly the stalled Cyprus negotiations with Anastasiades briefing Samaras on recent developments….
By George Psyllides
THE ENFORCEMENT of anti-money laundering (AML) measures is the exclusive responsibility of the Central Bank (CBC), the anti-money laundering unit MOKAS said on Monday.
MOKAS’ statement came in response to media reports that followed the US Treasury’s announcement that Tanzanian-based FBME Bank had been deemed a “primary money laundering concern”.
Following the US Treasury’s announcement, the CBC last week put the FBME under administration and suspended its operations.
Tanzania’s Central Bank followed suit,…
By George Psyllides
PROPERTY owners have six months to appeal the government’s evaluation of their real estate and correct any other mistakes made in the process of fixing immovable property tax (IPT), officials said on Monday.
The new 2013 values have been published on the land registry’s website though access was impossible on Monday, possibly due to heavy traffic. These new values will be used for accessing and paying IPT from 2015. This year IPT will be assessed…
RYANAIR boss Michael O’Leary said on Monday that the airline was not particularly interested in acquiring troubled Cyprus Airways, which he said had huge legacy issues.
Ryanair was among nearly 20 companies which last week submitted a non-binding expression of interest in Cyprus Airways, now controlled by the government. The process is a preliminary step towards any eventual binding offer by any bidder.
“We are not particularly interested in Cyprus Airways which has huge legacy issues: pension scheme,…
By Jean Christou
FORMER Central Bank Governor Panicos Demetriades has hit back at a New York Times (NYT) article saying he had withheld from the new government a report by BlackRock, which limited the capital needs of the Cypriot banks to €8 billion instead of the €9 billion estimated by rivals Pimco.
In his response, published by Stockwatch, and on Monday by Politis, Demetriades called last week’s NYT article “unsubstantiated, inaccurate and misleading”.
He said the article…
By Julien Pretot
Vincenzo Nibali became the first Italian to win the Tour de France since the late Marco Pantani on Sunday, dominating his rivals on all terrains as his main rivals crashed out of a superb three-week race.
While Italy celebrated its seventh Tour winner, a jubilant France hailed its first double podium finish in 30 years as veteran Jean-Christophe Peraud and youngster Thibaut Pinot took second and third respectively.
“We are very happy, it’s a beautiful victory….
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By Patrick Markey
A rocket hit a fuel storage tank in a chaotic battle for Tripoli airport that has all but closed off international flights to Libya, leaving fire-fighters struggling to extinguish a giant conflagration.
Foreign governments have looked on powerless as anarchy sweeps across the North African oil producer, three years after NATO bombardment helped topple dictator Muammar Gaddafi. They have urged nationals to leave Libya and have pulled diplomats out after two weeks of clashes among rival factions…
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By Evie Andreou
THE police have posted on their Facebook page basic road safety advice for driving on the highway in the wake of the recent high death toll which saw seven deaths in separate accidents in just one week.
“It is advice for the public for their own safety,” a police spokesperson said on Monday.
In response to the alarming death toll, Justice Minister, Ionas Nicolaou said last week that his goal was to continue the…
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