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Bundesbank calls for capital levy to avert government bankruptcies
Germany’s Bundesbank said on Monday that countries about to go bankrupt should draw on the private wealth of their citizens through a one-off capital levy before asking other states for help. The...
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Syria peace talks hit more trouble as Homs starves
THE United States demanded on Monday that Syria allow aid into the “starving” city of Homs, as talks aimed at ending three years of civil war hit more trouble over the future of President Bashar...
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Widows lose tax exemption
WIDOWS’ pensions will no longer be exempted from taxation, according to a bill tabled by the government. Lawmakers heard that the bill was part of a general effort to rationalise benefits and was not...
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Police delve into dead mother’s past in search for clues
By Peter Stevenson INVESTIGATIONS continued on Monday into the death of a 40-year-old Romanian woman whose body was found in her flat last week with authorities following a number of leads as they...
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Restaurant review: The Panda, Ayia Napa
By Nathan Morley The Panda in Ayia Napa produces classic Peking, sushi and Szechuan food for a busy takeaway and for eat-in customers all year round. Unlike the many other oriental restaurants decked...
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Forest department warns over illegal logging
By Peter Stevenson There has been an increase in illegal logging recently by people illegally selling firewood, and others who are looking for a way to stay warm, according to the forestry department....
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Mladic refuses to testify for old ally Karadzic at UN tribunal
Former Bosnian Serb military chief Ratko Mladic refused on Tuesday to give evidence in support of one-time ally Radovan Karadzic, denouncing the UN war crimes tribunal as “satanic” and saying he did...
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Mourinho says ‘no champagne’ this season
By Martyn Herman Chelsea will be more equipped to challenge for the Premier League title next season but will push Arsenal and Manchester City all the way in this campaign, manager Jose Mourinho said...
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Minister was pushed around by protesting patients
By Angelos Anastasiou TENSIONS rose at the Limassol general during a visit by Health Minister Petros Petrides on Tuesday. Petrides was visiting the hospital to address a situation which arose when the...
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Bondholders try to storm BoC headquarters
By George Psyllides OUTRAGED investors who claim they were duped into buying high-risk bonds tried to enter the Bank of Cyprus (BoC) headquarters in Nicosia on Tuesday after the lender’s brass declined...
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Making homes energy efficient could boost economy
By Constantinos Psillides MAKING homes energy efficient could boost the economy by up to €2 billion and create 30,000 new jobs, the Technical Chamber (ETEK) argued on Tuesday while proposing the...
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Cyprus hopes to lift capital controls in the coming months
By Angelos Anastasiou PRESIDENT Nicos Anastasiades said the government hopes to lift capital controls, imposed after the March 2013 bailout, within the coming months. Anastasiades was speaking at a...
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BoC receives six-month extension from CySEC
The securities and exchange commission (CySEC) decided on Tuesday to extend the suspension of Bank of Cyprus (BoC) shares for a further six months until the end of July. CySEC said it considered this...
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Ukraine’s PM Azarov and government resign
Ukrainian Prime Minister Mykola Azarov resigned on Tuesday while deputies loyal to President Viktor Yanukovich, acting to calm violent street protests, back-tracked and overturned anti-protest laws...
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Private sector deposits in Cyprus banks tick down in Dec -ECB
Private sector deposits in Cypriot banks declined slightly in December, offsetting the November rise in a sign of stabilisation after 17 months of falls. Deposits fell 0.8 per cent to €35.1 billion in...
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Obama warns divided Congress that he will act alone
President Barack Obama vowed on Tuesday to bypass a divided Congress and take action on his own to bolster America’s middle class in a State of the Union address that he used to try to breathe new life...
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Russia to await new Ukraine government before fully implementing rescue
President Vladimir Putin raised the pressure on Ukraine on Wednesday, saying Russia would wait until it forms a new government before fully implementing a $15 billion bailout deal that Kiev urgently...
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Turkey Bank Chief ignores Erdogan to save reeling lira
Torn between an angry prime minister railing against an interest rate hike and punitive markets baying for a rise, Turkish Central Bank Governor Erdem Basci opted for a bold increase in rates that has...
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McIlroy willing to take risks for Dubai hole-in-one jackpot
By David French Rory McIlroy will happily chance his arm to bag a $2.5 million prize pot with one swing of his club at this weekend’s Dubai Desert Classic, as the twice major winner aims to continue...
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They’re back! Troika inspectors to look at NPLs, capital controls
By George Psyllides INSPECTORS from the troika of international lenders started contacts with Cypriot authorities yesterday as part of the island’s third review following the bailout last March....
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