Volcano orange alert

Volcano orange alert

A handout photograph made available by Mining and Geology National Service of Chile shows the activity at the crater of the Villarica volcano in Villarica, Chile on Monday. After the increase in activity in the volcano authorities have raised the warning level to orange EPA

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Local News Business March 2, 2015

Laiki Bank administrator resigns in conflict of interest dispute

Laiki Bank administrator resigns in conflict of interest dispute

LAIKI BANK administrator Andri Antoniadi has resigned after disagreeing with the Resolution Authority over the appointment of a certain law firm to handle the case against the defunct lender’s former strongman Andreas Vgenopoulos.
The resignation was confirmed by Central Bank executive Stelios Kiliaris.
Kiliaris told the Cyprus News Agency that Antoniadi resigned after the Central Bank put Chrysis Demetriades on the case against Vgenopoulos.
Reports said Antoniadi resigned because she believes there was an issue of conflict…

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Local News March 2, 2015

US ambassador: my tweet was misunderstood (Update 3)

US ambassador: my tweet was misunderstood (Update 3)

By Jean Christou

US AMBASSADOR John Koenig on Monday said a tweet he posted on Sunday regarding President Nicos Anastasiades’ visit to Russia, which brought almost the entire political establishment down on him, had been “misunderstood”.

On Sunday Koenig posted a tweet saying: “What do people in #Cyprus think about the week in Russia as seen from here? Anastasiades visit and statements, #Nemtsov assassination?” The latter was referring to the assassination of Russian opposition leader Boris Nemtsov last Friday.

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Local News March 2, 2015

Larnaca bus strike to continue

Larnaca bus strike to continue

LARNACA bus drivers, who staged a strike on Monday, were set to continue their action on Tuesday after negotiations failed to find common ground on their demands.
Drivers had asked the company, Zenon, to at least satisfy three of their most pressing demands – permanency, routes and work cards, and contributions to the social insurance and provident funds – in return for an end to the strike.
The company made some staff permanent and issued cheques for the…

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Local News March 2, 2015

DISY leader demands probe into football allegations

DISY leader demands probe into football allegations

By George Psyllides
RULING DISY chief Averof Neophytou has asked the authorities to thoroughly investigate match-fixing claims after he was named by a referee of being involved in the affair, the party said on Monday.
DISY said the party reiterated its position that claims should be investigated in depth.
“In this regard, party chairman Mr A Neophytou has contacted the attorney-general and the chief of police asking for an immediate and thorough investigation into all the reports,”…

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Local News March 2, 2015

Education and career fair

Education and career fair

The Ministry of Education and Culture, the Chamber of Commerce and Industry , the Employers and Industrialists Federation and the European Office of Cyprus are organising for the first time this year, the International Education Fair Cyprus ‘Education and Career 2015’ (EDUFAIR 2015).
The exhibition will replace what used to be the Education Fair organised by the ministry and the State Fair Authority, which has been shut down.
The exhibition will be held at the premises of the…

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Local News March 2, 2015

Supreme Court grants more time for Laiki cases

Supreme Court grants more time for Laiki cases

By Angelos Anastasiou
LAIKI BANK investors, who had filed a suit with the Supreme Court against the decision to recapitalise the lender using their own means, were granted an extension until April 6 to argue their case, the Supreme Court ruled on Monday.
Some of the plaintiffs’ lawyers said that in light of the court’s ruling with regard to similar cases by Bank of Cyprus investors – they were dismissed by the Supreme Court and referred to District…

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International News March 2, 2015

Bill Gates tops Forbes rich list, Michael Jordan joins

Bill Gates tops Forbes rich list, Michael Jordan joins

By Jonathan Stempel

Bill Gates stands atop Forbes magazine’s annual list of the world’s richest people, as Facebook Inc’s Mark Zuckerberg joined the top 20 and basketball star Michael Jordan plowed new air by making the list for the first time.

Gates’ net worth rose to $79.2 billion from $76 billion a year earlier, putting the Microsoft Corp co-founder at the top for the 16th year in the last 21, Forbes said on Monday.

Mexico telecommunications mogul Carlos Slim Helu…

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International News March 2, 2015

Tough talk on Greece alone won’t boost Ireland, Spain at home

Tough talk on Greece alone won’t boost Ireland, Spain at home

By Padraic Halpin and Sarah White

Europe’s tough treatment of Greece’s new government has eased some immediate anti-austerity pressure in Ireland and Spain, but it may take a lot more than that to put Dublin and Madrid’s ruling parties’ re-election prospects back on track.

Elected months apart in 2011 as financial crises enveloped their own countries, the two centre-right led governments’ hopes of winning a second term risk being upset by anti-austerity opponents aligned to Greece’s Syriza, among other challenges.

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International News March 2, 2015

Spain says a third Greek bailout under discussion

Spain says a third Greek bailout under discussion

By Sarah Morris and Lefteris Papadimas

Eurozone countries are discussing a third bailout for Greece worth 30 billion to 50 billion euros, Spain’s economy minister said on Monday, as Athens sought to quell fears it might run out of money before the end of March.

Speaking at an event in Pamplona, in northern Spain, Economy Minister Luis de Guindos said the new rescue plan would set more flexible conditions for Greece, which had no alternative other than European support.

Prime…

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Local News March 2, 2015

CyTA’s profits fall for the fourth year in a row

CyTA’s profits fall for the fourth year in a row

By George Psyllides

STATE telecoms company CyTA expects to have reduced revenues for the fourth consecutive year, the House finance committee heard on Monday.

Speaking after the meeting, which discussed the company’s 2015 budget, committee chairman Nicolas Papadopoulos said there was concern because it was the fourth consecutive year in which CyTA recorded reduced revenue and a cut in its market share.

And it was the sixth year running that the company showed losses in Greece.

“Unfortunately it is a…

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Local News Business March 2, 2015

DIKO leader will not attend ECB dinner

DIKO leader will not attend ECB dinner

By Constantinos Psillides

DIKO leader and chairman of the House finance committee Nicolas Papadopoulos has announced that he will not be attending a dinner for the governing council of the European Central Bank (ECB), that will be meeting in Cyprus on Thursday.

“The reason for my refusal is to stress the fact that in 2013 the ECB treated us differently from other countries that asked for a bailout, forcing the Cyprus’ economy to take a failed experiment,” he said on…

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Local News March 1, 2015

EDEK MPs boycott new leader’s victory bash (Updated)

EDEK MPs boycott new leader’s victory bash (Updated)

By Constantinos Psillides

MARINOS Sizopoulos was elected head of socialist party EDEK on Sunday, defeating his opponent Giorgos Varnava in special election held to replace former leader Yiannakis Omirou.

Sizopoulos won with 60 per cent of the vote – 2,519 votes – while Varnava trailed with 833 votes less.
In a development that could spell a major rift in the party, neither Varnava nor any other party MP was present during Sizopoulos’ inauguration ceremony.

“I think those that are…

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Local News March 2, 2015

President supports pardon for former defence minister

President supports pardon for former defence minister

By Constantinos Psillides

PRESIDENT Nicos Anastasiades has instructed Attorney-general Costas Clerides and Deputy Attorney-general Rikkos Erotokritou to look into the possibility of a pardon for the former defence minister Costas Papacostas.

Papacostas, 76, was sentenced in 2013 on charges of manslaughter, for his role in the Mari naval base blast on July 11, 2011, in which 13 sailors and firemen died. Papacostas has not spent a day behind bars but has been hospitalised at the Nicosia General Hospital due to…

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International News March 2, 2015

Kerry says he pressed Russia’s Lavrov on Ukraine ceasefire deal (Updated)

Kerry says he pressed Russia’s Lavrov on Ukraine ceasefire deal (Updated)

By Tom Miles and Stephanie Nebehay

US Secretary of State John Kerry told Russian Foreign Minister Sergei Lavrov on Monday that Moscow and pro-Russian separatists in Ukraine must implement a ceasefire or face “consequences” that could further hit Russia’s faltering economy.

Kerry said the ceasefire must be respected in all “key strategic areas” including the town of Debaltseve and outside the Sea of Azov port of Mariupol.

“If that does not happen, if there continue to be these broad swathes…

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Local News March 2, 2015

Minister to discuss ‘quick rise, slow fall’ fuel prices

Minister to discuss ‘quick rise, slow fall’ fuel prices

By Elias Hazou

ENERGY Minister Giorgos Lakkotrypis, who has been taking flak from a section of the media for the unabated ‘rockets and feathers’ effect in fuel prices, has decided to convene a meeting for Friday to discuss the issue.

The meeting will be attended by the attorney-general and consumers rights groups, among others.

A little over a week ago, crude climbed from $45 per barrel to near $50; almost overnight, gas stations here jacked up their prices by 10…

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Local News Sport March 2, 2015

Vogel and Langvad win Sunshine Cup

Vogel and Langvad win Sunshine Cup

Florian Vogel and Annika Langvad are the big winners of the Cyprus Sunshine Cup 1 – Afxentia race.

The Swiss and Danish Mountain Bikers won the honours at the prestigious event that started at Lefkara on Thursday and Friday, continued at Lythrodontas on Saturday and concluded at Kapedes village on Sunday.

Hundreds of fans flocked to the acion to watch some of the world’s top Mountain Bikers, some of whom are Olympic medal winners and world champions.

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International News March 2, 2015

UN nuclear watchdog says Iran still withholding key information

UN nuclear watchdog says Iran still withholding key information

By Shadia Nasralla

The head of the United Nations’ nuclear watchdog said on Monday Iran had still not handed over key information to his staff, and his body’s investigation into Tehran’s atomic programme could not continue indefinitely.

“Iran has yet to provide explanations that enable the agency to clarify two outstanding practical measures,” chief Yukiya Amano told the body’s Board of Governors in Vienna, echoing a report seen by Reuters last month.

The two measures relating to alleged explosives tests…

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Local News March 2, 2015

Next electricity bills will be 8 per cent lower… but it may not last (Updated)

Next electricity bills will be 8 per cent lower… but it may not last (Updated)

The EAC said on Monday that bills being issued for February and March would be 8 per cent lower compared to the previous bill.

The price decrease was a result of falling fuel prices, EAC general manager Stelios Stylianou said at a news conference.

Including the latest rate 8 per cent reduction, the EAC’s rates over the past two months will have dropped by 14 per cent, and by as much as 35 per cent since 2013, Stylianou said.

This…

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Entertainment What's On March 2, 2015

Love’s measure

Love’s measure

By Maria Gregoriou

They say we should pass our culture and traditions down to our children so the same should be true of our folk fairytales, well, if we want our children to be imaginative and have fun anyway.

The theatrical play The King and the Salt based on a folk fairytale which has been adapted by Greek composer Giannis Spanos will be performed until March 29 at the Melina Merkouri Hall in Nicosia.

The story goes: once upon a…

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International News March 2, 2015

Video shows Los Angeles police shooting homeless man dead

Video shows Los Angeles police shooting homeless man dead

By Chris Michaud

A video posted online shows Los Angeles police scuffling with and shooting a homeless man during a confrontation, The Los Angeles Times reported on its web site.

The video, posted on Facebook, shows several uniformed Los Angeles Police Department officers scuffling with a man in a downtown area where homeless people pitch tents at night known as skid row. Once on the ground, the man continues struggling, at which point several shots are fired.

A series of…

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Cyprus News Digest Podcast

Long time Cyprus Mail contributor and former CyBC reporter Rosie Charalambous kicks off a series of weekly podcasts covering politics, current affairs and culture every Friday. NEW For the latest Cyprus News Digest episode click here

Archives

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