Michael Brown protest in Britain

Michael Brown protest in Britain

Protesters stand outside the US Embassy in Central London, Britain, August 27, 2014, to protest the shooting of Michael Brown in Ferguson, Missouri, USA. Eighteen-year old Michael Brown died after being shot in Ferguson Missouri by police officer Darren Wilson on August 9, 2014. Brown was unarmed when he was shot. The shooting caused racially charged clashes in Ferguson, on the outskirts of St Louis during protests over the incident. EPA/WILL OLIVER

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Sport August 28, 2014

Winning Wawrinka bristles as Peng causes upset

Winning Wawrinka bristles as Peng causes upset

By Steve Keating

Second round action at the U.S. Open began with a shock and ended with some late-night drama as men’s third seed Stan Wawrinka barked at fans before shouting for joy at his 6-3 6-4 3-6 7-6 (1) win over Thomaz Bellucci on Wednesday.

The day got off to an explosive start with Chinese doubles specialist Peng Shuai upsetting fourth-seeded Agnieszka Radwanska of Poland 6-3 6-4 and finished under the floodlights in the early morning hours with Wawrinka…

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Local News August 28, 2014

DIKO refuses to budge on foreclosures bill

DIKO refuses to budge on foreclosures bill

By Elias Hazou

THE DIKO party will oppose the foreclosures bill unless it is amended to protect vulnerable borrowers from banks, its leader Nicholas Papadopoulos reiterated yesterday after meeting the President.

“DIKO will not vote for the bill as it stands,” Papadopoulos told reporters outside the Presidential Palace.

President Nicos Anastasiades had summoned the DIKO chief there in a bid to find some common ground to overcome the current impasse over the contentious bill.
Asked what might possibly overturn…

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Local News Comment August 28, 2014

Our View: No rational argument to stop Sunday trading

Our View: No rational argument to stop Sunday trading

YESTERDAY the Cabinet, despite strong opposition from the left-wing PEO union, and pressure from small shopkeepers association POVEK, extended the decree for Sunday trading until the end of November.

The move effectively means extended opening hours until the end of the year as Christmas trading hours will take effect from December. The cabinet believes it will help unemployment at a crucial time of the year, and give time to the labour minister to continue consultations with stakeholders for a more…

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Local News Business August 28, 2014

Constantinides is new boss at ailing CY

Constantinides is new boss at ailing CY

By Angelos Anastasiou

IN THE midst of critical deliberations with potential investors nominally interested in taking over Cyprus Airways, former permanent secretary at the Communications and Works ministry Makis Constantinides was confirmed yesterday as the government’s choice to replace outgoing Tony Antoniou at the helm of the ailing national carrier.

Antoniou had tendered his resignation last Friday following an investigation into various decisions to commission construction work and supplies without following due tender procedure. Though he claimed that circumventing proper…

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Local News Business August 28, 2014

Old shareholders to make little noise at BoC meeting

Old shareholders to make little noise at BoC meeting

By Elias Hazou

THE old shareholders of Bank of Cyprus (BoC) said yesterday they would oppose on principle today’s vote on raising the bank’s capital.

“We shall go there and vote against it,” Archbishop Chrysostomos, who heads an association of old BoC shareholders, said.

The bank is holding an extraordinary general meeting (EGM) of shareholders today to approve a capital increase of about €1.0bn pledged by foreign investors and the European Bank of Reconstruction and Development.

The bank’s old shareholders…

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Local News August 28, 2014

Russian embassy balks at Drousiotis book

Russian embassy balks at Drousiotis book

By Constantinos Psillides

THE Russian Embassy in Nicosia raged against journalist and author Makarios Droushiotis yesterday, with an open letter published in daily Phileleftheros.

The embassy berated Droushiotis for his recently published book “The Invasion and the Big Powers: the realpolitik of the US and duplicity of the USSR” in which he attempts to debunk the commonly accepted notion that Russia has been a staunch ally of Cyprus and that the United States had previous knowledge and orchestrated the 1974…

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Local News August 28, 2014

Protaras hosts fish festival

Protaras hosts fish festival

WITH the title “… kai gia psari, pame Protara” (Let’s go to Protaras for fish) the second Protaras fish festival, taking place tomorrow, promises an unforgettable experience, according to the organisers.

The second annual festival will offer visitors the opportunity to discover new seafood recipes presented by Chef Christos Christodoulou.

They will also be able to sample fresh fish and taste traditional Cypriot dishes.

The folk group ‘Para ti Limni’ will perform traditional music and dances.

The organisers, Paralimni…

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Local News Business August 28, 2014

Shop hours get another extension

Shop hours get another extension

By Angelos Anastasiou

THE Council of Ministers yesterday rubber stamped the Labour ministry’s proposal to extend shop working hours across the island, and authorised Labour minister Zeta Emilianidou to continue negotiations with stakeholders aimed at securing a permanent solution with regard to working hours for retail shops.

After the cabinet session, deputy government spokesman Victoras Papadopoulos said that “this programme was considered to contribute to increasing employment during this time.” He was referring to the period since July 2013, when…

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Football Sport August 28, 2014

Arsenal qualify again, Bilbao end Napoli’s hopes

Arsenal qualify again, Bilbao end Napoli’s hopes

By Brian Homewood

Arsenal qualified for the Champions League for the 17th successive season when Chile forward Alexis Sanchez scored in first-half stoppage time to give them a 1-0 win over Besiktas after a goalless draw in the first leg in Istanbul.

Athletic Bilbao scored three times in 14 minutes to beat Napoli 3-1 in the second leg of their playoff to reach the group stage at the expense of the Serie A side on Wednesday.

Swedish champions Malmo qualified…

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Local News August 27, 2014

Menoyia six released after rooftop protest

Menoyia six released after rooftop protest

By Constantinos Psillides

THE six Menoyia detainees who climbed on the roof of the detention center on Monday were released on Wednesday, following instructions by the Interior Ministry.

The immigrants were released on parole under the condition they appear when their cases are up for evaluation by the Immigration Services.

The immigrants had climbed on the roof demanding to be released from the facility. They hanged a sign saying “No to racism” and threatened to kill themselves if their demands…

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Local News August 27, 2014

Man commits suicide after killing ex wife

Man commits suicide after killing ex wife

By George Psyllides

A 35-year-old man shot and killed his ex wife, 31, in Kornos on Wednesday afternoon and then killed himself, police said.

Stavroulla Florou died in hospital at around 10pm. She had been rushed there in critical condition after she was shot in the head with a hunting shotgun.

Christos Eleftheriou fled the scene but was found dead in his car in a wooded area between Kornos and Delikipos just before 7pm. He had apparently shot himself, police…

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Sport August 27, 2014

US Open results

US Open results

Results from the U.S. Open Men’s Singles Round 1 matches on Wednesday

Teymuraz Gabashvili (Russia) beat 27-Santiago Giraldo (Colombia) 6-3 1-6 7-6(6) 6-3
19-Feliciano Lopez (Spain) beat Ivan Dodig (Croatia) 1-6 7-5 2-6 6-4 1-1 (Dodig retired)
14-Marin Cilic (Croatia) beat Marcos Baghdatis (Cyprus) 6-3 3-1 (Baghdatis retired)
Illya Marchenko (Ukraine) beat Marco Chiudinelli (Switzerland) 7-6(3) 4-6 7-6(13) 7-6(4)

Results from the U.S. Open Women’s Singles Round 2 matches on Wednesday

6-Angelique Kerber (Germany)…

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Sport August 27, 2014

Injured Baghdatis retires from US Open

Injured Baghdatis retires from US Open

By Andreas Vou

MARCOS Baghdatis was forced to retire from his first round match at the US Open against Marin Cilic on Wednesday evening after suffering a suspected ankle injury midway through the second set.

Baghdatis had lost the first set against the 14th seeded Croatian 6-3 and was down 3-1 in the second before he was forced to pull out of the encounter in New York, having only been granted entry into the draw due to the withdrawal of…

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International News August 27, 2014

Gaza truce holding but Israel’s Netanyahu under fire at home

Gaza truce holding but Israel’s Netanyahu under fire at home

By Nidal al-Mughrabi and Jeffrey Heller

An open-ended ceasefire in the Gaza war held on Wednesday as Prime Minister Benjamin Netanyahu faced strong criticism in Israel over a costly conflict with Palestinian militants in which no clear victor emerged.

On the streets of the battered, Hamas-run Palestinian enclave, people headed to shops and banks, trying to resume the normal pace of life after seven weeks of fighting. Thousands of others, who had fled the battles and sheltered with relatives or…

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International News August 27, 2014

Breakthrough hopes dented as Ukraine accuses Russia of new incursion

Breakthrough hopes dented as Ukraine accuses Russia of new incursion

By Richard Balmforth and Anton Zverev

Ukraine accused Russia of launching a new military incursion across its eastern border on Wednesday, as hopes quickly faded that Tuesday’s talks between their two presidents might mark a turning point in a five-month-old crisis.

Accusations of direct Russian support for pro-Russian separatists in Ukraine have prompted Western governments to impose sanctions on Moscow, despite its vehement denials, and fanned tensions with NATO to levels not seen since the Cold War.

Ukrainian military spokesman…

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Main August 27, 2014

BoC announces €81 mln six-month profit (updated)

BoC announces €81 mln six-month profit (updated)

BANK of Cyprus (BoC) yesterday announced a six-month net profit of €81m, a day before a crucial general meeting that will vote on a €1.0bn capital increase.

It is the second consecutive profitable quarter following seven loss-making quarters.

The lender said after-tax profits, excluding one-off items, reached €78m.

“The performance of the Cypriot operations, our core business, remains much stronger than the Group’s overall performance, supporting our efforts of shrinking to strength through the disposal of non-core operations and assets,”…

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Local News August 27, 2014

US ambassador talks energy, Cyprus problem

US ambassador talks energy, Cyprus problem

The reunification of Cyprus continues to be a top priority for the US, ambassador John Koenig said on Wednesday, and he urged Turkey to contribute to efforts to solve the Cyprus issue.

Koenig made the comment in his address to the 25th conference of the Central Council of the International Coordinating Committee Justice for Cyprus (PSEKA).

“Relations between the US and Cyprus have never been stronger than they are today and the relationship continues to deepen in a wide variety…

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Comment August 27, 2014

COMMENT: Prospects of promoting Islamic Finance in Cyprus

COMMENT: Prospects of promoting Islamic Finance in Cyprus

By Nondas Cl Metaxas, Director General – CEO of the Cyprus Stock Exchange

ISLAMIC Finance is traditionally a very important sector in the Islamic financial world, providing finance to significant projects for economic development, as well as alternative options and tools for investments.

Islamic Finance can take various forms, both in terms of bonds, as well as in terms of Funds, and be listed on the Securities Exchanges.

The Cyprus Stock Exchange is currently intensifying its efforts for promoting new…

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International News August 27, 2014

Islamic State and Syrian government committing war crimes – UN

Islamic State and Syrian government committing war crimes – UN

By Stephanie Nebehay

The Syrian government and Islamic State insurgents are both committing war crimes and crimes against humanity in their increasingly brutal fight against each other, UN investigators said on Wednesday.

Islamic State forces in northern Syria are waging a campaign to instil fear, including amputations, public executions and whippings, they said.

Government forces have dropped barrel bombs on civilian areas, including some believed to contain the chemical agent chlorine in eight incidents in April, and have committed killings,…

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Local News August 27, 2014

Papadopoulos called to the palace (Updated)

Papadopoulos called to the palace (Updated)

By Constantinos Psillides

DIKO leader Nicolas Papadopoulos was called to the presidential palace for an emergency meeting with President Nicos Anastasiades on Wednesday, in light of the party’s continuing opposition to the foreclosures bill.

Both the DIKO and EDEK leaderships met separately on Tuesday to decide whether they would back the bill, after the government proposed a number of additional bills aimed at protecting vulnerable groups from foreclosures to satisfy party demands.

Both parties rejected the new government proposals, stating…

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