Archive for June, 2012

Cyprus would rather seek aid for banks than economy

President of the Republic of Cyprus Demetris Christofias expressed Friday the view that Cyprus would rather need financial assistance to recapitalize its banks than for its economy.

 Replying to questions after the end of the European Council in Brussels, President …

Turkey send military troops, anti-aircraft guns on Syrian borders

Turkish daily Today’s Zaman (28.06.12) reported that Turkish agencies said that a convoy of about 30 military vehicles, including trucks loaded with missile batteries, arrived in Turkey’s coastal town of Iskenderun and deployed near the Syrian border 50 km (30 …

Greece:Man commits suicide after receiving eviction order

A 60-year-old man died on Friday morning after reportedly throwing himself off a balcony in Galatsi, north of Athens city center, Skai TV reported.

According to initial reports, the man had been served an eviction order earlier in the day.…

Russia: No official loan request from Cyprus

The Russian Finance Ministry has not yet received an official request for a bilateral loan to Cyprus, Russian Finance Minister Anton Siluanov has said.

“I have not received an official request from Cyprus for a loan,” Siluanov said yesterday responding …

Hailstones ‘The Size Of Golfballs’ Hit Leicestershire

Massive hailstones “the size of golf balls” have struck parts of the UK as a band of rare “super cell thunderstorms” swept across the Midlands today.

People in parts of Leicestershire affected posted pictures to Twitter of large balls of …

Another British Cypriot Olympic Torchbearer

Stelios Shengas born in Manchester his parents from Pygi and Kalopsida was a Olympic torch bearer in Lytham St Annes near Blackpool recently he is a personal trainer in Manchester and has his own studio called Soma Fitness. Through his …

Flash Floods To Cause Major Disruption To Transportation

Widespread disruption is expected to blight major transport routes for a second day after fierce storms and torrential downpours caused flash floods across parts of the UK.

Train services between Scotland and England have been axed in the wake of …

Iran and Cyprus deny reports of Ali Akbar Salehi’s arrest

Conflicting reports have emerged over the brief detention of Salehi, a former head of the Iranian atomic energy organisation. Photograph: Andreas Manolis/Reuters

Conflicting reports have emerged over the brief detention of the Iranian foreign minister, by an anti-terror unit at

FSA says banks mis-sold financial products to small firms

The Financial Services Authority says banks mis-sold specialist insurance on loans known as interest rate swaps to thousands of small businesses.

The FSA said it had found “serious failings” in the sale of these products which were meant to protect …

IMF to send mission to Cyprus next week, after request for bailout

The International Monetary Fund on Thursday said it is going to send a “fact-finding” assessment mission to Cyprus next week, following a request by the Cypriot authorities for financial assistance.

Speaking during a press briefing, IMF Spokesman Gerry Rice, said …