A British teenager on Tuesday pleaded not guilty to causing public mischief for falsely accusing 12 Israeli tourists of gang rape in the Cyprus resort town of Ayia Napa. The court adjourned the trial hearing for October 2 and the 19-year-old Briton was released on 5,000-euro bail plus 15,000-euro bond on condition she surrenders her
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By Han Tan, Market Analyst at FXTM Asian stocks followed their US counterparts higher, as markets gave a measured response to US President Donald Trump’s latest comment about US-China trade talks restarting. The Dollar index was testing the 98 psychological level early Tuesday, with G10 and Asian currencies offering a mixed bag of results against
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UN special envoy Jane Holl Lute will arrive on the island at the weekend to hold talks with Cypriot leaders in a bid to open the door for dormant Cyprus talks to restart. CNA reported that Lute will first hold a meeting with Cypriot President Nicos Anastasiades on Sunday morning at the Presidential Palace. Lute
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Economic sentiment in August improved significantly, after consecutive months of negative territory, buoyed by stronger business confidence in services, retail trade and construction, according to the University of Cyprus benchmark index. The monthly Economic Sentiment Indicator (ESI-CypERC), calculated by the university’s Economics Research Centre increased by 3.6 points to 111.4 in August, compared with the
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Turkish President Recep Tayyip Erdogan believes Turkey demonstrated a "historic stance" in the Eastern Mediterranean vowing to continue illegal energy exploration off Cyprus. "Turkey is showing a resolute stance in the Eastern Mediterranean," Erdogan said. He added that Turkey maintained its activities in the East Med – with two seismic and drilling vessels, frigates and
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Cypriot female sprinter Eleni Artymata has secured her place at the 2020 Tokyo Olympic Games after finishing third in the 400 metres in Madrid with a time of 51.34 seconds behind Polina Miller (51.00) and US athlete Jaide Speter (51.18). She is the first Cypriot field and track athlete to secure her spot in the
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Cypriot Defence Minister Savvas Angelides is to brief his EU counterparts in Helsinki on Turkey’s continued illegal drilling activity in Cyprus’ Exclusive Economic Zone. Angelides will take part in the informal EU Council meeting in Helsinki on August 28-29 where is also expected to have bilateral meetings with a number of his counterparts and visit
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Simos Ioannou was elected mayor of the Turkish-occupied Municipality of Famagusta, securing 48.94% of the ballot or 4,697 votes in a record low turnout. Ioannou succeeds Alexis Galanos, who passed away last month. Voter turnout was 30.73%, with 9,707 people voting out of 31,584 registered voters, while 69.27% chose to abstain. According to the final
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Cyprus first division clubs appear to be attracting higher-profile players with the lure of fat contracts, family security and guaranteed warm weather on tap. Players who have played for better teams in the Premier League, La Liga and France’s Ligue 1 are now coming to Cyprus. But these are big names coming towards the end
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By Hussein Sayed, Chief Market Strategist at FXTM Last Friday was supposed to be all about monetary policy when leaders of major central banks gathered for the Fed’s annual policy symposium in Jackson Hole. Instead, the spotlight shifted to the US-China trade war as both hit each other with new tariffs. China’s Ministry of Finance
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