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Fitch: Funding imbalances persist in Cyprus and Greece
FITCH Ratings holds a mixed view on the prospects of southern Europe banks for 2014, noting that the funding and liquidity profiles of banks in southern Europe have generally stabilised, with the...
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EU launches probe over German renewables law – draft letter
(R) The European Commission is opening an investigation into Germany’s renewable energy law (EEG), according to a draft letter sent by European Union Competition Commissioner Joaquin Almunia to the...
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Kerry sees Israeli, Palestinian deal possible by end of April
U.S. Secretary of State John Kerry said on Friday a final Middle East peace deal was still scheduled to be achieved by the end of April, and that Israel would release more Palestinian prisoners on Dec....
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When the weather sensor’s broken, send a cop to measure snow levels
HOW do you tell how much snow there is in Cyprus? It turns out guessing will have to do. Although police bulletins on the latest weather conditions have been coming with a line on how much snow has...
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Authorities ‘on standby 24/7′ to help stranded villages
By Poly Pantelides AUTHORITIES said on Friday they would be vigilant overnight as cut-off villages braced for a third night of bitter cold and bad weather. Interior minister Socrates Hasikos said all...
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Crowd breaks through barrier on Mandela’s last day of lying in state
TENS OF thousands of mourners, some breaking through police barriers, flocked to South Africa’s central government buildings on Friday to say a personal goodbye to anti-apartheid hero Nelson Mandela on...
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In landmark for EU, Ireland leaves its bailout behind
THREE YEARS after going cap in hand to international lenders to avert bankruptcy, Ireland has officially ended its bailout in a landmark for the euro zone’s efforts to resolve its debt crisis. Ireland...
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59 rare Beatles songs to be released next week
RARE recordings of 59 songs by the Beatles will go on sale for the first time on Tuesday when Apple Records makes them available for download. Apple, a label founded by the Beatles in 1968, said it...
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Christofias had been warned from 2010 of looming disaster
By George Christou IT IS THREE years to the day, since Demetris Christofias, the president at the time, was sent a stern letter (reproduced in full on the right) by then president of the European...
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Cyprus’ startup ecosystem
By Poly Pantelides WHEN Greek Cypriots want to express sympathy they say “manamoure” – an ubiquitous expression of commiseration roughly translated as “poor thing”. Your cat died? Manamoure… Your bank...
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ACCA chief calls for ‘expert’ regulation
By Angelos Anastasiou THE GLOBAL financial crisis, dating back to the collapse of Lehman Brothers, Arthur Andersen and Enron, continues to ripple its devastating after-effects, while regional...
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Trying to create a country of cyclists? Good luck with that
By Poly Pantelides CYCLING is a happy, healthy activity that is much cheaper than driving and going to the gym while governments could even benefit financially from investing in cycling infrastructure,...
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Tales from the Coffeeshop: From victimhood to moaner-hood
By Patroclos WE MEDIA folk have always loved to blow things out of proportion so it was inevitable that we would make so much out of the spell of cold weather that hit our martyred shores, presenting a...
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Our View: Political parties only playing lip service to transparency
IN ONE of his recent public outbursts against Demetris Christofias and AKEL, the Mari explosion investigator Polys Polyviou openly accused the communist party of receiving funding from the disgraced...
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Deal close but yet so far
By Stefanos Evripidou THE SNOW on high may have started to melt yesterday but on lower ground, relations between the two sides on the island remained as cold as ice after Turkish Foreign Minister Ahmet...
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Bowlers and Warner put Australia in charge
David Warner punished a depleted and dispirited England with a brilliant century to help drive Australia to 235 for three and a dominant lead of 369 after the third day of the third Ashes test on...
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Ukrainians mass for new anti-government rally as EU halts trade deal
Thousands massed on Sunday for a rally against President Viktor Yanukovich just days before he heads for a meeting at the Kremlin which the opposition fears will slam the door on integration with the...
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Euro Zone to share costs of bank closures gradually- Lithuanian proposal
The cost of closing down a euro zone bank will initially be borne almost fully by its home country, but the obligations of euro zone partners will gradually rise to be shared equitably after 10 years,...
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Death toll in Syrian bombing raid on Aleppo rises to 76
Seventy-six people, including 28 children, were killed on Sunday when Syrian army helicopters dropped “barrel bombs” on the northern city of Aleppo, the Syrian Observatory for Human Rights said on...
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Cyprus shipping registry marks 50 years
Merchant shipping in Cyprus has traditionally been, and continues to be, a pillar for economic growth, currently employing over 4,000 people and contributing 5.0 per cent to GDP, minister of...
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