CYPRUS

  • Migrants rescued off Cyprus' north coast 5 days ago

    Nicosia, Cyprus: About 228 migrants, apparently refugees from Syria, have been rescued after their damaged ship drifted for hours in rough seas off Cyprus' northern coast, an official said on Sunday. Hasan Tacoy, transport minister of the Turkish Cypriot breakaway state in Cyprus' north, told The Associated Press that the migrants,...
  • Criminal case against Jagdish Tytler's son December 6, 2013

    New Delhi: The Delhi Economics offences wing has filed a criminal case against arms dealer Abhishek Verma and Jagdish Tytler's son Siddharth Tytler following a complaint by a Cyprus based company. The company has filed a complaint against the duo for duping them of five crore rupees. Meanwhile, Jagdish...
  • Players warned about football clubs in Cyprus, Greece and Turkey August 21, 2013

    Hoofddorp, Netherlands: Professional footballers have been warned by the world players' union FIFPro to think twice before signing to play for clubs in Cyprus, Greece or Turkey. Players were advised to be especially wary of clubs who were not playing in European competition, with FIFPro saying many of those teams have...
  • Marussia give Tio Ellinas first F1 test June 17, 2013

    London: Formula 1 team Marussia have handed Tio Ellinas of Cyprus his first Formula 1 test. The Marussia young driver programme member Ellinas will conduct a scheduled straightline aerodynamic evaluation with the team at United Kingdom's Kemble Airfield Tuesday. The 21yearold Cypriot is now in his second season competing with Marussia...
  • Switzerland beat Cyprus 10 in FIFA World Cup qualifier June 9, 2013

    Geneva: Switzerland took a huge step toward Brazil on Saturday when substitute Haris Seferovic scored in the 90th minute for a 10 victory over Cyprus in a World Cup qualifying match. The Swiss moved four points clear atop their Group One a day after closest challengers Albania and Iceland both failed...
  • Cyprus details heavy losses for major bank customers March 31, 2013

    Nicosia: Major depositors in Cyprus's biggest bank will lose around 60 per cent of savings over 100,000 euros, its central bank confirmed on Saturday, sharpening the terms of a bailout that has shaken European banks but saved the island from bankruptcy. Initial signs that big depositors in Bank of Cyprus would...
  • Gold continues to lose, falls 3 pc for March quarter March 28, 2013

    Mumbai: Indian gold futures continued their losing streak on Thursday due to a sligthly firmer rupee, with the yellow metal on track for a 3 per cent losses for the March quarter. The activelytraded gold for April delivery on the Multi Commodity Exchange was 84 rupees lower at Rs 29,548 per...
  • Asian shares, euro spooked by Cyprus bailout details March 26, 2013

    Tokyo: Asian shares fell and the euro was capped on Tuesday as investors contemplated potential flowon risks from the Cyprus bailout scheme. Large uninsured depositors and bondholders will bear heavy losses in the bailout, which Dutch Finance Minister Jeroen Dijsselbloem, who heads the Eurogroup of euro zone finance ministers, said...
  • Cyprus girds for run on banks after sealing bailout March 26, 2013

    Nicosia: The president of Cyprus assured his people a bailout deal he struck with the European Union was in their best interests and would end anxiety, but he also announced "very temporary" capital controls to stem a run on the island's banks. Returning on Monday from fraught overnight negotiations in Brussels,...
  • India @ 9 with Bhupendra Chaubey March 25, 2013

    Catch the day's top stories with Bhupendra Chaubey on India @ 9. ...
  • Cyprus agrees to tap big depositors to clear way for EU bailout March 25, 2013

    Cyprus has agreed to shrink its bloated financial industry and tap big depositors at its two leading banks for billions of euros. The lastminute deal has cleared the way for a 10 billion euro bailout from the European Union. ...
  • Cyprus faces last ditch chance to save economy March 25, 2013

    Nicosia: Cypriot President Nicos Anastasiades embarked on lastminute crisis talks with international lenders on Sunday in an attempt to save the Mediterranean island from financial meltdown. With Cyprus facing a Monday deadline to avert a collapse of its banking system and potential exit from the euro, late night negotiations in Nicosia...
  • Switzerland draw 00 with Cyprus in WC qualifier March 24, 2013

    Cyprus: Switzerland wasted a series of chances in a 00 draw with Cyprus in a World Cup qualifying match on Saturday, though stretched their lead atop the group. With Cyprus in economic turmoil, the stadium in their capital Nicosia was almost empty. Swiss forward Xherdan Shaqiri was charitable to his hosts...
  • Cyprus bailout bid goes down to the wire March 24, 2013

    Nicosia: Cyprus's bid to avert financial collapse will go down to the wire after the island said it would hold a crucial sitting of parliament only after finance ministers of the 17nation euro zone meet on Sunday. Cyprus faces a Monday deadline to clinch a 10 billion euro bailout from the...
  • Cyprus closes in on EU bailout, Uturn on levy March 23, 2013

    Nicosia: Cyprus is expected to make a dramatic Uturn on Saturday to avert the imminent threat of financial meltdown, having signalled it is willing to tax big savers in its stricken banks to clinch a bailout from the European Union. The island's partners in the 17nation euro zone scheduled a meeting...
  • Early wins for Croatia, Germany March 23, 2013

    London: Croatia proved too strong for bitter Balkan rivals Serbia in a World Cup Group A qualifier in Zagreb on Friday, winning their first meeting as independent nations 20. In other early action Germany, playing without any recognised strikers, triumphed 30 in Kazakhstan to stay top of Group C while...
  • RBI expresses concerns over Cyprus banks facing meltdown March 23, 2013

    Bangalore: Reserve Bank Governor D Subbarao on Friday expressed concerns over Cyprus banks facing meltdown, saying it has implications on the banking sector everywhere. The Cyprus banks' is "such a big issue" as the island nation is interconnected with the world and what happens there has implications on the banking...
  • Cyprus options narrow as no deal on Russia funding March 22, 2013

    Moscow: Talks in Moscow on a possible funding lifeline from Russia to Cyprus ended without result, further cutting the island's options for raising the billions of euros it needs to find by Monday to avert a financial meltdown. Russian Finance Minister Anton Siluanov said on Friday the two days of talks...
  • Cyprus scrambles to avert meltdown, EU threatens cutoff March 21, 2013

    Nicosia: Cyprus considered nationalising pension funds and ordered banks to stay shut till next week to avert financial chaos after it rejected the terms of a European Union bailout and turned to Russia for aid. Crisis talks among the political leadership in Nicosia are set to resume on Thursday after late-night...
  • Cypriot banks on brink in Icelandic flashback March 20, 2013

    Dublin: A small island on the edge of Europe teetering under the weight of its bust banks. Sound familiar? Like Iceland and Ireland before it, Cyprus is battling to prevent an outsized and overextended banking sector from dragging the country into the ground. Cyprus's parliament has overwhelmingly rejected a proposed levy...
  • Wall Street drops on uncertainty about Cyprus March 20, 2013

    New York: US stocks fell on Tuesday on uncertainty about how Cyprus will avoid a bankruptcy and possible reverberations in the euro zone as the region struggles to emerge from economic crisis. Cyprus' parliament rejected a tax on bank deposits as a condition of an international bailout. Banks in Cyprus will remain...
  • Cyprus Parliament set to reject tax on bank deposits March 19, 2013

    Nicosia: Cyprus's Parliament was set to reject a divisive tax on bank deposits in a vote on Tuesday, pushing the island closer to a debt default and banking collapse. A weekend announcement that Cyprus would break with previous practice and impose a levy on bank accounts as part of a 10...
  • Savings account seizure plan draws fury in Cyprus March 19, 2013

    Nicosia: A plan to seize up to 10 per cent of savings accounts in Cyprus to help pay for a (EURO)15.8 billion ($20.4 billion) financial bailout was met with fury on Monday, and the government shut down banks until later this week while lawmakers wrangled over how to keep the...
  • Cyprus: Bailout deposit tax plan rattles markets March 18, 2013

    London: Stocks around the world and the euro fell sharply Monday as investors fretted over a plan to tax depositors in Cypriot banks as a way to partly fund a bailout of the Mediterranean island nation. Although Cyprus accounts for only around 0.2 per cent of the economic output of...
  • IKEA takes meatballs off Europe menus after horsemeat found February 26, 2013

    Prague/Stockholm: Sweden's IKEA stopped nearly all sales of meatballs at its furniture store cafeterias across Europe after tests in the Czech Republic on Monday showed some contained horsemeat. The world's No 1 furniture retailer, known also for the signature restaurants at its huge out-of-town stores, said it was pulling all meatballs...
  • Sailor wins Cyprus' 1st medal in Olympic history August 6, 2012

    London: Cyprus has won its first medal in Olympic history, a silver by Pavlos Kontides in sailing's Laser class. Kontides and Australia's Tom Slingsby were the only sailors who could have won gold in Monday's medals race. Slingsby, who led the entire regatta, covered Kontides the entire race and won the...
  • Fitch warns may downgrade 6 euro zone nations December 17, 2011

    New York: Fitch Ratings on Friday warned it may downgrade Belgium, Italy, and four other euro zone countries in the absence of a "comprehensive solution" to the region's debt crisis. The ratings agency placed the ratings of Belgium, Spain, Slovenia, Italy, Ireland and Cyprus in credit watch negative, which means a...
  • 2G: ED team leaves for Cyprus for probe July 5, 2011

    New Delhi: A team of investigators has left for Cyprus to track the money trail of alleged kickbacks in connection with the 2G spectrum allocation scam. The investigators, drawn from the Enforcement Directorate, are looking for alleged investments and links related to Unitech, an accused in the 2G scam. A few...
  • Cyprus: Indian steals exprez corpse, jailed May 17, 2011

    Nicosia: Three people, including an Indian, have been jailed for stealing the corpse of a former Cyprus president from his grave twoandahalf years ago, a media report said. A threejudge assize court in Nicosia on Monday imposed a 20month prison sentence on two brothers, one of whom has already been in...
  • Turkish Nplans on Mediterranean raise fears April 2, 2011

    Ankara: Turkey plans to build a coastal nuclear power plant close to an earthquakeprone area; dismissing neighbors' fears that Japan's nuclear disaster shows that the new plant could be a risk to the whole Mediterranean region. Greece and Cyprus say the move is a gamble that could cause catastrophe and want...