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Reducing lending rates is difficult: bank association
The bank association said on Monday that cutting lending rates was difficult due to the liquidity crunch they were going through as a result of the lack of public confidence. “The state expects a lot...
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Hodgson says England can learn from German model
By Josh Reich THE German national team is an inspiration for other countries seeking to develop a style of their own, England manager Roy Hodgson said as he prepares his side to face their old rivals...
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Mandela stable but critical
Nelson Mandela remains in a stable but critical condition more than two months after hospital doctors treating him for a lung infection let him return home to convalesce, the South African government...
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Gunman on the loose in Paris after shootings
By Gérard Bon Police were hunting a lone gunman on the loose in central Paris on Monday after he opened fire at the offices of a left-wing newspaper and a major bank before hijacking a car to take him...
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Bomb blast damages car
A BOMB blast damaged a car in Nicosia on Sunday. According to the police report, the bomb went off at 9:20 p.m. The car was parked in a residential parking spot. Police said that upon further...
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Man beaten and left hand-cuffed to a column
A Syrian man was taken from his home in Nicosia on Saturday, beaten and then left handcuffed to a column in an abandoned construction site in Limassol, police said on Monday. The man was spotted by...
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Hunters rescued after flash flood
FOUR hunters and their dogs were rescued on Sunday near Agios Theodoros village in Larnaca, after their car was trapped by a flash flood. According to the police report, the authorities were notified...
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Hellenic posts Q3 net loss of 87.2m euros
HELLENIC BANK on Monday reported a third quarter net loss of €87.2 million as net income dropped and provisions for non performing loans (NPLs) more than doubled compared with Q3 2012. The bank said...
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New Paphos mall to open tomorrow
By Bejay Browne A NEW multi million euro mall in Paphos will finally open its doors to the public tomorrow. It’s hoped that the Kings Avenue Mall – a landmark project costing over €110 million – will...
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Our view: Clerides’ passing marks the end of an era
Yesterday, people who may never have voted for Glafcos Clerides, nor agreed with his policies – perhaps even resented him – mourned his passing. Among the hundreds of tributes that have poured in from...
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Eleftheria Square project grinds to a halt
By Constantinos Psillides WORK on revamping Eleftheria Square will stop until further notice as a result of two court orders secured yesterday by project contractor Miltiades Neophytou. The injunction...
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Car bomb attack kills 10 Egyptian soldiers in Sinai (updated)
Ten Egyptian soldiers were killed by a car bomb in the Sinai Peninsula on Wednesday, one of the deadliest attacks there since al Qaeda-inspired militants stepped up violence following the overthrow of...
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Greece hails World Cup qualification
“You have made us super proud” and “Greece go worldwide” were just two of the jubilant headlines splashed across the front pages of Greece’s sports papers on Wednesday as the country celebrated...
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Stolen car found
POLICE FOUND a car believed to be stolen in the hands of a car salesman in the Famagusta district on Tuesday. According to police, the authorities were tipped off that a 52-year-old resident of a...
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Quad bike hits dog
A 27-year-old is in a serious condition after colliding with a stray dog while on his quad bike. The accident occurred at around 6.40pm on Tuesday on the main road between Ayia Marina and Xyliatos,...
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Armed robbery of kiosk
A man robbed a kiosk using a pistol in the early hours of Wednesday. According to police, at 1.15am, the man entered a kiosk in Limassol carrying a pistol. He told the employee to hand over any money...
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Betting shop arson
Police believe a fire started at a betting shop in Paphos early Wednesday morning was the work of arsonists. The fire was started at around 2am at the betting shop, situated near the new buildings of...
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Girl still missing
Police on Wednesday called on anyone with information as to the whereabouts of a 16-year-old girl from the Congo missing for over two weeks to contact the authorities immediately. According to a police...
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French police arrest Paris shooting suspect
French police have arrested a man they suspect shot a newspaper employee and fired at a bank this week, saying he had been jailed in the 1990s for his role in another Paris shootout that killed three...
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Merkel defends German surplus against international criticism
By Stephen Brown Chancellor Angela Merkel on Thursday defended Germany against international criticism that it was not doing enough to reduce its high trade surpluses and rejected the idea that it...
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