Economy probe

Economy probe

President Nicos Anastasiades is briefed about the investigation into the causes of the economic collapse on Tuesday, September 2, 2014. The scope of the police inquiry covers the banks' expansion into Greece, corporate governance, the acquisition of Greek bonds, and how now-defunct Laiki Bank came to amass some €9 bln in emergency liquidity, a liability since passed onto the Bank of Cyprus. (Christos Theodorides)

NEWS

International News September 2, 2014

South Korea delays smog tax amid pressure from car makers

South Korea delays smog tax amid pressure from car makers

By Meeyoung Cho

South Korea has delayed a proposed tax on vehicle carbon emissions by over five years to the end of 2020, amid pressure from domestic and US car makers who fear the levy would curb sales.

But the country confirmed it would push ahead with plans to begin what will be the world’s second-biggest carbon emissions trading scheme from the start of 2015, as it battles to cut greenhouse gas emissions in 2020 to 30 per cent below…

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International News September 2, 2014

Britain rejects London mayor’s ‘Boris Island’ airport plan

Britain rejects London mayor’s ‘Boris Island’ airport plan

By Kate Holton and Sarah Young

A plan to build a major new airport to the east of London was rejected by a government-appointed commission on Tuesday, dealing a blow to its high-profile backer, the city’s mayor Boris Johnson.

The Airports Commission said the idea of building a costly new airport in the Thames Estuary, nicknamed Boris Island, had not made the shortlist of options it is considering to expand Britain’s runway capacity.

It will now make a final recommendation…

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International News September 2, 2014

Pakistan PM chairs joint parliament session as crisis deepens

Pakistan PM chairs joint parliament session as crisis deepens

By Syed Raza Hassan

Pakistani Prime Minister Nawaz Sharif chaired a joint session of parliament on Tuesday as a deepening crisis over violent protests demanding his resignation prompted fears of an army intervention.

Sharif enjoys a solid majority in parliament and by convening both houses he seeks to reaffirm that he is fully in control. His office said parliament would be in session all week to discuss the crisis.

“This is not a protest, a sit-in or a political gathering….

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International News September 2, 2014

Fiji says Syrian rebels want compensation

Fiji says Syrian rebels want compensation

By Baz Ratner and Lincoln Feast

Islamist fighters who seized dozens of Fijian soldiers serving as UN peacekeepers on the Golan Heights last week are demanding that their group be removed from a global terrorism list and that compensation be paid for members killed in fighting, the head of Fiji’s army said on Tuesday.

Brigadier-General Mosese Tikoitoga said negotiations had been stepped up between the Al Qaeda-linked Nusra Front and a new UN negotiation team now in place in Syria.

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Sport September 2, 2014

Resilient Murray sets up Djokovic showdown

Resilient Murray sets up Djokovic showdown

By Simon Cambers and Steve Keating

Andy Murray fended off Jo-Wilfried Tsonga 7-5 7-5 6-4 in intense heat at Flushing Meadows on Monday to reach the quarter-finals of the U.S. Open.

The 2012 champion earned his first win over a top-10 player since his Wimbledon triumph last year to set up a clash with world number one Novak Djokovic.

Murray said he hoped Wednesday’s quarter-final between the two would go the same way as both their battle for the Wimbledon…

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English Premier League Sport September 2, 2014

Manchester United top deadline-day big spenders

Manchester United top deadline-day big spenders

By Tony Goodson

Manchester United dominated Europe’s transfer activity as the transfer deadline window slammed shut on Monday, manager Louis van Gaal taking his summer spending spree to more than 150 million pounds ($249 million).

The former Netherlands coach, without a Premier League win this season and hammered 4-0 by third tier MK Dons in a League Cup match last week, signed versatile Dutch international Daley Blind for 14 million pounds ($23.25 million) from Ajax.

Rumours swirled that the move…

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Local News September 2, 2014

Education minister optimistic ahead of new school year

Education minister optimistic ahead of new school year

By Evie Andreou

WITH TEN schools still without head teachers and many teachers still waiting to find out at which school they will be based, teachers returned to work on Monday after their long summer break.

Despite the shortage of head teachers, Education Minister Costas Kadis said that this year the situation had much improved.

“We are satisfied,” the minister said on Monday. “At the ministry we have worked systematically for many months now to be prepared for the new…

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Local News Comment September 2, 2014

Our View: Education ministry should not interfere in private schools’ fees policy

Our View: Education ministry should not interfere in private schools’ fees policy

FOR SOME time there has been a dispute between the education ministry and a private Nicosia-based school that wants to raise its tuition fees for the new school year which was scheduled to commence on Monday. The school has argued that its fees had remained the same for the last four years because of ministry directives, adding that this had caused it financial problems. It added that that if it did not raise its fees it would be unable to…

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Local News September 2, 2014

Premier League game goes dark as CyTA pulls the plug too early

Premier League game goes dark as CyTA pulls the plug too early

By Angelos Anastasiou

THE DECISION to suspend broadcasting of Cytavision’s – CyTA’s TV arm – Sports Plus package hours ahead of the announced cut off point for the month of free viewing left viewers infuriated in the middle of Sunday’s Tottenham-Liverpool Premier League fixture.

Sports Plus is a recent addition to Cytavision’s TV package, following a deal struck with Lumiere TV (LTV), and comprises three additional sports channels with content previously broadcast by LTV – including the English Premier League,…

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Local News September 2, 2014

Capital awash with beer as two festivals take place

Capital awash with beer as two festivals take place

By Evie Andreou

THE fourth Septemberfest Nicosia Beer Fun Festival is opening its gates in Aglandjia on Friday and the organisers, Display Art, promise an upgraded event with concerts, competitions and of course local and imported beer.

Display Art chairman, Savvas Nicolaou, said that the aim is to enrich events taking place in the capital and to attract visitors from other towns and tourists.
Visitors will be able to choose from 80 beers from around the world and…

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Local News September 1, 2014

Erdogan’s demands ‘against UN resolutions’

Erdogan’s demands ‘against UN resolutions’

By George Psyllides
TURKISH PRESIDENT Tayyip Erdogan said on Monday it would be impossible for his country to accept a solution that did not entail two states and political equality as he called on Greece to adopt a more positive approach in reunification talks as a guarantor country.
“Political equality is a must,” he said during a news conference in the Turkish occupied northern part of the island, his first official visit since he was elected president of…

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Local News Business September 1, 2014

BoC expects to re-list in October

BoC expects to re-list in October

BANK OF Cyprus (BoC) said on Monday it expected its shares to re-list on the Cypriot and Athens stock exchanges by the end of October.
Shares of the bank were suspended from trading in March 2013, caught up in the tumult of an international bailout for Cyprus which forced the lender to convert 47.5 per cent of uninsured deposits exceeding €100,000 into equity to recapitalise the bank.
On August 28, the bank obtained shareholder approval to raise capital…

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Local News September 1, 2014

Labour minister suffers heart attack

Labour minister suffers heart attack

Labour Minister Zeta Emilianidou is being treated in a private hospital after a heart attack, the government said on Monday.

Reports said her condition was good.

The Cyprus News Agency (CNA) said the minister had been hospitalised on Friday.

“Her condition is good and stable and not life threatening,” CNA said, quoting an unnamed source close to the minister.

CNA said the minister had undergone a procedure to reopen the arteries at the American Heart Institute.

The government issued a…

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Football Sport September 1, 2014

Riise signs for APOEL

Riise signs for APOEL

John Arne Riise, the most capped Norwegian footballer has signed for Cyprus champions APOEL on the very last day of the transfer period.

Riise shot to fame during his seven year stay at Anfield where he won a champions league and FA Cup final medal. He had been transferred to Liverpool from AC Monaco for £4 million in 2001.

After losing his place in the Liverpool side he moved to AC Roma in 2008 where he regained a place in…

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International News September 1, 2014

Islamists in Iraq driving large-scale atrocities – UN

Islamists in Iraq driving large-scale atrocities – UN

By Stephanie Nebehay

Islamist fighters have carried out atrocities on “an unimaginable scale” in months of fighting with Iraqi forces, who have also killed detainees and shelled civilian areas, a UN official said on Monday.

There is “strong evidence” Islamic State and allied groups have carried out targeted killings, forced conversions, sexual abuse and torture in Iraq, UN Deputy High Commissioner for Human Rights Flavia Pansieri said, opening an emergency debate on the conflict in Geneva.

Iraq’s human rights minister,…

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Local News Business September 1, 2014

FBME account holders woes not Central Bank’s fault, says administrator

FBME account holders woes not Central Bank’s fault, says administrator

By George Psyllides

FBME Bank clients can only access their funds through cheques with a daily limit of €10,000, a special administrator said on Monday, because the branch’s cash transfer system has been shut down by the holding company in Tanzania.

The Central Bank (CBC) took over administration of FBME in July, following a US Treasury report describing the lender as a “primary money laundering concern”.

FBME, headquartered in Tanzania, had denied the allegations, saying the US Treasury had compiled…

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Local News September 1, 2014

Protests against Erdogan’s visit

Protests against Erdogan’s visit

By Evie Andreou

PROTESTS AND arrests marked Turkish President Recep Tayyip Erdogan’s first visit to the north on Monday since being elected president.

Protests started on Sunday night in Kugulu Park in northern Nicosia, near the Turkish Embassy.

Protesters, members of trade unions and non-governmental-organisations objected to Erdogan’s visit, especially on the day World Peace Day is celebrated (September 1), arguing that his actions have been against peace.

“He is responsible for deaths in Syria, in Iraq, he is responsible…

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Local News September 1, 2014

New vessels for search and rescue

New vessels for search and rescue

By a Staff Reporter

THE CYPRUS Search and Rescue Centre (CSRC) delivered two semi-rigid inflatable boats to the Larnaca municipality and the Cyprus navy’s Underwater Demolition Teams (UDT) on Monday, to be used for search and rescue purposes.

The boats were delivered in a ceremony at Larnaca’s municipal cultural centre, in the presence of the defence and communications and works ministers, with Larnaca mayor Andreas Louroutziatis and UDT commander Evdokios Tsappas symbolically receiving one each on behalf of their constituencies.

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Local News September 1, 2014

Villagers forced to buy bottled water

Villagers forced to buy bottled water

By Angelos Anastasiou

DRINKING water from the supply of Tersefanou village will be temporarily channelled to Ayia Varvara, Alampra and Pera Chorio Nisou villages, the Water Works Department said on Monday.

The quality of the water supply in the affected villages had been deemed unfit for public consumption last week, following sample checks by government agencies.

Speaking after a meeting on Monday with Agriculture Minister Nikos Kouyialis and the three community leaders of the affected villages, Water Works Department head…

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Local News September 1, 2014

EFPIA Director General to visit Cyprus

EFPIA Director General to visit Cyprus

European Federation of Pharmaceutical Industries and Associations (EFPIA) Director General Richard Bergström visits Cyprus, on Thursday, to discuss with government officials the implementation of a new National Health System (NHS) and pharmaceutical products.

According to a Cyprus Union of Pharmaceutical Industries press release, Bergström is set to have separate meetings with Ministers of Health Philippos Patsalis and Finance Harris Georgiades.

He is visiting Cyprus in order to discuss the implementation of a new NHS in the country and in particular…

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